Another happy home buyer in Allen, TX. This 4 bedroom, 3.1 bath, 2641 square foot foreclosed home with a pool was recently purchased by our clients. We were able to negotiate a sales price that was 85% of appraisal district value and get the bank to pay almost all of the buyer’s closing costs!
Distressed properties can be a good value but you have to do the research and plenty of extra due diligence since they are almost always sold “as is” and without a sellers disclosure (foreclosures are exempt from disclosure in Texas).
Looking to purchase a foreclosure? Contact us at 214-705-2470 for a current list.
This 4 bedroom, 3 and 1 half bath, 3186 square foot, Highland home is ready for new owners. Lots of space including a study, formal dining and game room. Located in Reid Farm, this home offers easy access to shopping, restaurants, and entertainment. Click on any of the photos for a larger view.
Imagine yourself cooking or entertaining in the gourmet island kitchen. All of the upper cabinets has glass doors for an elegant look. The island also hosts a breakfast bar. Lots of storage space!
The large family room has built-ins and a wood burning fireplace. The wall of windows overlooks lush backyard.
The oversized master suite has plenty of room for a king-size bed with room to spare. The bow-window overlooks the backyard while the French Doors lead to the master bath.
The master bath has dual vanities, a garden tub perfect for soaking. and a separate shower. There is a large walk-in closet and a linen closet.
The upstairs game room has hardwood floors and easily accommodates a standard-size pool table. Notice the overhead shelving that encompasses the room, and the windows that overlook the back yard.
The fenced back yard offers plenty of privacy and the patio is perfect for enjoying your morning coffee or entertaining guests.
Allen Texas, located just north of Dallas, is a great little city and a wonderful place to live. The city continues to grow with plenty of developement–both residential and commercial.
The Allen housing market has been relatively stable. This month we’ll take a look at Median Sales Price, Days on Market, and Months Supply of Housing.
Median Sales Price
The Median Sales Price, which had been on the rise for almost a year, retreated some over the past few months. I expect that will recover some now that several new home developments have been completed and are beginning to sell.
Days on Market
Days on Market has been on the rise for the past year yet remains below 90 days and below 2009 and 2010 levels.
Months Supply of Housing
The Months Supply of Housing is very good at 4.5 months of inventory currently on the market. The National Association of REALTORS® suggests that a 6-month supply of housing is a balanced market. Supplies over 6 months indicate a buyer’s market and supplies less than 6 months indicate a seller market. Our experience is that homes that show well and are priced right continue to sell.
Please contact us at 214-227-6626 if you have any questions or want more information.
Source: NTREIS on November 16, 2011 | Photo: Copyright 2011 Tom Branch
We met with Steve Vieregge, Community Sales Manager for The Preserve, on Friday to follow-up on the development.The Preserve is on-schedule and the builder should break ground on the model homes on lots 31 and 32 (block C) in November. If the winter weather cooperates, the models should be ready by April 2012.
They have already pre-sold a number of new homes and the first new residents should move into their homes in April as well.
We were also able to get better copies of the seven models being offered. The single-level models are Waterville, Merion, and the Sawgrass. While the basic plans are single-level, there is an option to add space on a second level. The two-level models are Muirfield, Turnberry, Pinehurst, and the Augusta.
Purchase a new home through us and we'll help you with your closing costs! We'll give you a credit of 1.5% of the price of the home at closing to use towards your closing costs.
Ashton Woods has begun pre-selling new construction homes in The Preserve in Allen. Base pricing starts at $292k for the Waterville (single-level 2020SF) to $395k for an Augusta (2-story 3606SF). Premium lots range from $5k to $40k.
The six models (both single-level and 2-level floorplans) being offered are Waterville, Merion, Sawgrass, Muirfield, Turnberry, Pinehurst and the Augusta. These homes have an extensive list of standard features. Energy efficient building includes 15 SEER HVAC, radiant barrier, and much more.
The builder expects the model and sales office to begin construction in November and to be open in the early part of 2012.
The Branch Team is offering $1000 towards buyer’s closing costs as a pre-sales incentive. Contact us for details.
Purchase a new home through us and we'll help you with your closing costs! We'll give you a credit of 1.5% of the price of the home at closing to use towards your closing costs.
If you’ve driven along McDermott Road, west of US75, you may have noticed that Allen’s Fire Station Number 5 is just about completed. Station 5 is the fourth substation and was approved by the city’s voters in the 2007 Capital Improvement Bond Election. Construction began in 2010.
A highlight of the building will be reclaimed fire ladders twisted into a sculpture for the public and firefighters to enjoy. The ladders are in the shape of a flame by Artist Christopher Fennell.
On his website Fennell says, “The materials I use have been cast out by society, for example: demolished barns, broken bicycles and downed trees. I transform these objects into dynamic pieces and connect them into recognizable shapes of waves, tornados and pillars of fire.”
The station is expected to open in the Fall of 2011.
Active – 56
Contingent – 4
Kick Out – 1
Under Option – 2
Pending Sales – 0
Sold – 13
Solds:
Average sales price per square foot – $113.37
Average Days on Market – 48 Days
August was a relatively slow month for real estate in the north Dallas area in general. With daily temperatures over 100 degrees, people were not out looking at homes. What the numbers do show is that homes that show well and are priced right continue to sell in any market.
IMPORTANT NOTICE:
Gina Branch with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender.
Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your
home and damage your credit rating.
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