Austin Real Estate Comments
Tuesday, May 10, 2011
Monday, September 27, 2010
1605 Travis Heights Boulevard, Austin TX 78704, Nice house but...
This house is great except for the obvious fact that for $760,000, you'll have a cap metro bus going past your house every 10 minutes. Just in case you were considering a purchase, consider that your kids will have to go Fullmore middle school, arguably the least desirable middle school choice in Central Austin. Bad choice for a high end flip.
Sunday, September 26, 2010
Bryan Cady and Michael Little are criminals.5903 BULL CREEK RD AUSTIN, TX
Here's the latest crime against the citizens of Austin. Realtor Bryan Cady and owner Michael Little want $569,000 for an Allandale Ranch remodel on heavy traffic Bull Creek Road in Allandale.
Why they're immoral:
1)for $569,000, I don't have to live in Allandale, it's outside the circle of cool and it always will be.
2)At $569,000, I would own the most expensive ranch in Allandale.
3)At $569,000, I shouldn't have to live on a busy street.
Gentlemen, it's realtors/owners like you who give realtors a bad name, you will pay for your greed eventually.
Looking at tcad, the home is taxed at: $382,482.00.
Having bought the house in 2007, Mike Little remodeled the house for ~$70,0000, he wants to be paid $100,000 for 2 years of work. Mike, I have an idea for you. If you want to make $100,000, get a job...Your house isn't a cash register.
Now you're going to force some poor sap to take out a jumbo mortgage to live in Allandale...Some banker is going to make $500,000 interest over 30 years on your overpriced house and the system will perpetuate itself until it collapses.
Bryan Cady, you're an asshole, site unseen. I don't know how you live with yourself.
Michael Little, get a job.
Saturday, September 18, 2010
Median House Prices in central Austin continue to climb.
The economic downturn continues to avoid central Austin. The stats for 9 months ending Aug 31, 2010 indicate the median home prices for 78703, 78704, and 78705 are up for 2010. Amazing. Median prices outside of central Austin appear to have significantly fallen. As those are among the nicest zips, I'm convinced this market strength indicates the increasing delta between the haves and the have nots. Obviously median and mean are very different things and even if the median prices are up b/c the volume is down, it still lends proof to my hypotheses.
Thursday, September 16, 2010
4905 Beverly Hills Drive - $619,000, not on the market.
This house was on the market last year for $619,000. When the seller didn't get her price, she took it off the market. I emailed her and made a firm FSBO offer for $545,000. She declined. A Realtor friend of mine ran the comps for the neighborhood and he said my offer was appropriate but the seller feels her upscale upgrades justify the price. My offer stands. If she accepts, I'll be on the hook for about $1000/month property tax. OUCH!
http://www.zillow.com/homedetails/4905-Beverly-Hills-Dr-Austin-TX-78731/29344101_zpid/
http://www.zillow.com/homedetails/4905-Beverly-Hills-Dr-Austin-TX-78731/29344101_zpid/
2310 Ridgeview Street, Austin TX 78704
This is one of my favorite streets in Austin but for $599,000, I expect a showcase kitchen with more than one cabinet. Where is wifey supposed to put her dishes? The search continues.
http://www.trulia.com/property/1059315877-2310-Ridgeview-St-Austin-TX
http://www.trulia.com/property/1059315877-2310-Ridgeview-St-Austin-TX
Saturday, September 11, 2010
Wilson St House
I have to say, the listing agent for this house has some nerve. The house at 309 cumberland was listed at 425 and is now down to 325,000. Meanwhile this guy wants $457,000. What he doesn't tell you in the listing is that the house is across the street from what is essentially a crack house apartment complex. I live in the neighborhood and I was solicited for both drugs and sex while biking home this week. $457,000 to live in a dangerous neighborhood with bad schools....I'll pass.
http://www.trulia.com/property/3017381975-2505-Wilson-St-Austin-TX
http://www.trulia.com/property/3017381975-2505-Wilson-St-Austin-TX
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