Very cool Michael Parkes redesign (spek). MA featured 1317 Yorkshire (above) back in 2009 when the price was $450k. It’s back on the market for $379k.
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Architecture & Design of Central Texas
Very cool Michael Parkes redesign (spek). MA featured 1317 Yorkshire (above) back in 2009 when the price was $450k. It’s back on the market for $379k.
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Ahh, the one that got away. God, we loved this place when it first hit the market. Loved almost all of the spek designs. How has this place held up? Anyone know? And is the price drop due to market fundamentals (neighborhood, schools, taxable values, etc.), or is something else at play?
If the schools were decent, I might have considered selling ours and trading up.
They just dropped the price on this house 30k. It looks like its either a short sale or a foreclosure. The listing on Redfin lists an auction date of 9/4, I’m not certain what exactly that means…
There is a not so nice looking apt complex directly behind this house which is a detriment…but it’s a really great looking house and looks like an amazing addition.
what an atrocious set of photos. fire that realtor! remember the pics from a few years back…..they were great. it’s a nice house, but yeah …what a drop in price.
The listing has short sale potential flagged in the sales restrictions and there was a trustee’s sale posted 8/17, a few days before the property was listed. It’s been rented for $2200/mo.
Owner took out 100% financing when purchased for $448k in 2007. The property was also posted for a trustee’s sale back in 2010 when it was on the market for $450k (didn’t sell).
This area is hot and I’m a bit surprised someone hasn’t pounced on this. The current price probably reflects the bank’s bottom line of what they are willing to accept as a short sale offer. If foreclosed I wouldn’t expect the price to be much lower when it does hit the market again.
Yeah, funny. When I saw the pics, I thought “renters”. But I didn’t want to come across as snarky. Hell, if anyone took pix of our place, they’d probably think field mice lived here.
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.
“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 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.
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.
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!
That said, it would make a nice investment property.
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 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.
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…
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)