Comments on: Windsor Park Mod – $379k http://www.modernaustin.com/windsor-park-mod-379k/ Architecture & Design of Central Texas Wed, 15 May 2013 15:44:16 +0000 hourly 1 By: Michael Parkes http://www.modernaustin.com/windsor-park-mod-379k/#comment-1379 Michael Parkes Wed, 03 Oct 2012 05:29:07 +0000 http://www.modernaustin.com/?p=2838#comment-1379 It is with great disappointment that I see projects I have completed that are not well preserved. This property was purchased by a couple that soon was no more. My understanding is that it became a huge problem during the breakup and that maintenance and care were neither of the owner's forte. Though many of my projects still have original owners, there have been several in which the owners have let a product of love fall to neglect. This was one such example. The decrease in value is tied to this, not the area or the house - even taking into consideration the market. Prices in this hood still range from approx.175-240 a square foot which is a massive range. For the haters of the '23 I speak for those of us who live here when I say, please continue to hate and NEVER move here. We love the '23 and consider ours to be the true neighborhood that is keeping Austin weird. I've been on the same street for 15 years and we all know each other and care for each other and NEVER bother to tell each other what to do. We continue to enjoy all the new amenities and groceries and shopping and sushi bars and neighborhood bars and Home Depot and Paco's Tacos and awesome Mexican grocery stores and a short 10 min commute to work downtown. Me personally, I'm glad you are scared of our jelly... It means you woud not fit in well. For those of you who do not scare easily when removed from the incredible HAVEN that you were born and live in... Please swing by 1405 Westmoor and check out my latest work. If my blue Honda Element is there I'm working - stop on by and say hello. Michael Parkes - speklife.com (yes I know some of the images are missing on my site - what can I say? - I live in such an "edgy" hood I barely have time to protect my chirruns! let alone update some links) It is with great disappointment that I see projects I have completed that are not well preserved. This property was purchased by a couple that soon was no more. My understanding is that it became a huge problem during the breakup and that maintenance and care were neither of the owner’s forte. Though many of my projects still have original owners, there have been several in which the owners have let a product of love fall to neglect. This was one such example. The decrease in value is tied to this, not the area or the house – even taking into consideration the market. Prices in this hood still range from approx.175-240 a square foot which is a massive range.

For the haters of the ’23 I speak for those of us who live here when I say, please continue to hate and NEVER move here. We love the ’23 and consider ours to be the true neighborhood that is keeping Austin weird. I’ve been on the same street for 15 years and we all know each other and care for each other and NEVER bother to tell each other what to do. We continue to enjoy all the new amenities and groceries and shopping and sushi bars and neighborhood bars and Home Depot and Paco’s Tacos and awesome Mexican grocery stores and a short 10 min commute to work downtown. Me personally, I’m glad you are scared of our jelly… It means you woud not fit in well.

For those of you who do not scare easily when removed from the incredible HAVEN that you were born and live in… Please swing by 1405 Westmoor and check out my latest work. If my blue Honda Element is there I’m working – stop on by and say hello.

Michael Parkes – speklife.com
(yes I know some of the images are missing on my site – what can I say? – I live in such an “edgy” hood I barely have time to protect my chirruns! let alone update some links)

]]> By: RobG http://www.modernaustin.com/windsor-park-mod-379k/#comment-1235 RobG Mon, 10 Sep 2012 22:43:13 +0000 http://www.modernaustin.com/?p=2838#comment-1235 I agree...this is the area to jump into NOW. Think what prices will be as Mueller continues to be built out. New children's museum, AISD offices, HEB, another few thousand housing units, more medical offices, the expansion of Dell Children's, etc... I agree…this is the area to jump into NOW. Think what prices will be as Mueller continues to be built out. New children’s museum, AISD offices, HEB, another few thousand housing units, more medical offices, the expansion of Dell Children’s, etc…

]]> By: Kell http://www.modernaustin.com/windsor-park-mod-379k/#comment-1227 Kell Mon, 10 Sep 2012 00:50:13 +0000 http://www.modernaustin.com/?p=2838#comment-1227 You should talk to the people who live in the neighborhood - it doesn't seem edgy at all. Really cool folks - lots of walkers plus more and more young families. Houses are being remodeled all over the place and are selling above 300k - if they are done nicely with a little flair - such as this one. Wait until the market district at Mueller is up and running and Bartholomew park is transformed, then the prices will really jump. It's a good time to buy in Windor Park - it will be too late in 10 years. You should talk to the people who live in the neighborhood – it doesn’t seem edgy at all. Really cool folks – lots of walkers plus more and more young families. Houses are being remodeled all over the place and are selling above 300k – if they are done nicely with a little flair – such as this one. Wait until the market district at Mueller is up and running and Bartholomew park is transformed, then the prices will really jump. It’s a good time to buy in Windor Park – it will be too late in 10 years.

]]> By: David Mathias http://www.modernaustin.com/windsor-park-mod-379k/#comment-1194 David Mathias Thu, 06 Sep 2012 17:20:41 +0000 http://www.modernaustin.com/?p=2838#comment-1194 You should remember that French Place was considered edgy until Discovery Investments made a concerted effort to flip values in the whole neighborhood. One or two remodels alone won't do it. You should remember that French Place was considered edgy until Discovery Investments made a concerted effort to flip values in the whole neighborhood. One or two remodels alone won’t do it.

]]> By: wlhmod http://www.modernaustin.com/windsor-park-mod-379k/#comment-1193 wlhmod Thu, 06 Sep 2012 16:05:49 +0000 http://www.modernaustin.com/?p=2838#comment-1193 Well, the houses around this one seem to be selling in the mid to low $200s. This looks like a very nice house, but I'm not tempted even at $349k, the current asking price. The location just isn't good enough. Well, the houses around this one seem to be selling in the mid to low $200s. This looks like a very nice house, but I’m not tempted even at $349k, the current asking price. The location just isn’t good enough.

]]> By: RobG http://www.modernaustin.com/windsor-park-mod-379k/#comment-1192 RobG Thu, 06 Sep 2012 11:15:27 +0000 http://www.modernaustin.com/?p=2838#comment-1192 This area is hot based on MLS stats, not opinion. Properties in Windsor Park have been selling almost as fast as they hit the market. The dearth of Central Austin home inventory has resulted in all central neighborhoods heating up in terms of sales and now prices. This is one of the few neighborhoods within a reasonable distance of downtown where homes can still be purchased for under $300k. 78704? Forget buying anything livable for under $300k. $300k-$400k is the new lot price for tear downs, based on recent sales activity. Hyde Park? Not much under $400k, even as far up as Koenig. Inventory is still at a decade low and over 20% lower than last year, yet sales are up. Many Central Austin homes are selling with multiple offers. I've had clients in the $250k range lose bids on properties with 10 offers in a single day. I've also had several clients lose property after property in the $800k-$1M range to multiple offers, many of them cash. This is a result of inventory, not a speculative bubble. This area is hot based on MLS stats, not opinion. Properties in Windsor Park have been selling almost as fast as they hit the market.

The dearth of Central Austin home inventory has resulted in all central neighborhoods heating up in terms of sales and now prices. This is one of the few neighborhoods within a reasonable distance of downtown where homes can still be purchased for under $300k. 78704? Forget buying anything livable for under $300k. $300k-$400k is the new lot price for tear downs, based on recent sales activity.

Hyde Park? Not much under $400k, even as far up as Koenig.

Inventory is still at a decade low and over 20% lower than last year, yet sales are up. Many Central Austin homes are selling with multiple offers. I’ve had clients in the $250k range lose bids on properties with 10 offers in a single day. I’ve also had several clients lose property after property in the $800k-$1M range to multiple offers, many of them cash.

This is a result of inventory, not a speculative bubble.

]]> By: Eric http://www.modernaustin.com/windsor-park-mod-379k/#comment-1190 Eric Thu, 06 Sep 2012 03:35:04 +0000 http://www.modernaustin.com/?p=2838#comment-1190 That said, it would make a nice investment property. That said, it would make a nice investment property.

]]> By: Eric http://www.modernaustin.com/windsor-park-mod-379k/#comment-1189 Eric Thu, 06 Sep 2012 03:34:09 +0000 http://www.modernaustin.com/?p=2838#comment-1189 I looked at this house when it was originaly for sale in '09. Amazing remodel! The neighborhood was still a little too "edgy" for me back then and I thought the price was WAY out of line for that area. I was convinced though that in a few years it would come around like Cherrywood or French Place (yes, this was the tail end of the bubble and everyone was speculating left and right) - nope, still "edgy," er, scarily so. I give this area a good 10 years before it's TRULY "hot." The neighborhood has a ton of potential for sure, but it's gonna take a village alright! I looked at this house when it was originaly for sale in ’09. Amazing remodel! The neighborhood was still a little too “edgy” for me back then and I thought the price was WAY out of line for that area. I was convinced though that in a few years it would come around like Cherrywood or French Place (yes, this was the tail end of the bubble and everyone was speculating left and right) – nope, still “edgy,” er, scarily so. I give this area a good 10 years before it’s TRULY “hot.” The neighborhood has a ton of potential for sure, but it’s gonna take a village alright!

]]> By: Fabrizio http://www.modernaustin.com/windsor-park-mod-379k/#comment-1188 Fabrizio Thu, 06 Sep 2012 00:42:26 +0000 http://www.modernaustin.com/?p=2838#comment-1188 "this area is hot" - ah c'mon...that's old hat. it was 'hot' during the bubble. artificially hot. 'bargains' galore in the '23 right now. “this area is hot” – ah c’mon…that’s old hat. it was ‘hot’ during the bubble. artificially hot. ‘bargains’ galore in the ’23 right now.

]]> By: Carfreak32 http://www.modernaustin.com/windsor-park-mod-379k/#comment-1178 Carfreak32 Tue, 04 Sep 2012 15:38:56 +0000 http://www.modernaustin.com/?p=2838#comment-1178 It's a great house, but it seriously has the worst section of my former neighborhood in it's backyard. Even the beautiful work of Spec makes it hard to ignore things like the stabbing murder in 2010 at the house diagonal (on Nassau) from it. It’s a great house, but it seriously has the worst section of my former neighborhood in it’s backyard. Even the beautiful work of Spec makes it hard to ignore things like the stabbing murder in 2010 at the house diagonal (on Nassau) from it.

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