Houston Real Estate Blog

From the category archives:

River Oaks Real Estate

By Ron Brown
Sales Associate 

Ever wonder where to go after the kids have left the house and you no longer need the big house in the Suburbs?  Feel like having the freedom to travel and not having to worry about the house?  Hate yard work?  Always wanted to live in town with all the action?  Tired of the daily commute? 

A River Oaks area loft could be your answer for many reasons. 

1. Location, location, location.   The lofts in the Gotham, Renoir and Metropolis are all located within a 2 mile radius of one another.  They are minutes from Downtown, Galleria and Memorial Park.  All of these buildings are walking distance to great restaurants, the River Oaks Shopping Center, the River Oaks Movie Theater.  Many of the units have excellent views of the Downtown Houston skyline or the treetops of River Oaks, which is almost like overlooking Central Park in New York City.  

  

    1005 S Shepherd Dr #810

2. Price.  The prices on these spacious units are now at a major low.  Most of the buildings have added restrictions that they maintain a 70 % owner occupancy level which seems to be weeding out the investors.  This is very helpful for those who plan on taking out a loan to purchase as the mortgage companies require a 70 % or better owner occupancy rate to be approved for a loan.  Speaking of which, mortgage rates are a serious bargain.  The last one I just sold, the buyer got a rate of 3.75 % on a 15 year fixed.  Let’s see, low prices and low rates…how much better can it get? 

1914 W Gray St #202

3. Extremely low maintenance fees.  These buildings are no frills keeping that monthly maintenance fee to a minimum.  An owner can expect to spend 2 or 3 times more per month for the similar square footage on a full service building with valet parking and 24 hour concierge services.  Those extra salaries do add up and we know they rarely ever go down.  The restricted access is very appealing to those who travel and are just looking to lock-and-leave. 

1914 W Gray St 202

4. Flexibility of floor plans.  Most of the units have walls on the interior of the unit that can be added or removed for increased versatility of rooms and their uses.  For example, closet space can be easily added.  Turn a room into a bedroom by adding a door and a wall.  Change it to a studio by leaving it open.  How about an exercise room, study or media room?  Plant an herb garden on your balcony or add a barbecue grill.  The possibilities are endless.

 Whether you are downsizing, looking for a great location or always wanted a cool space with a great view, now is a great time to purchase that loft in the prestigious River Oaks area.  Relax and enjoy the good life these great properties have to offer.

Houston real estate is currently experiencing a resurgence in popularity. While most of America is still wading through the housing slump, real estate in Houston is picking up steam. Sales of single-family homes has been increasing over the past few months and in May 2010 6,659 homes were sold in the greater Houston area. The Houston Association of REALTORS® (HAR) predict that this increasing demand will continue due to strong value for price paid, low foreclosure rates, low interest rates, and good tax incentives offered.

Due to the increasing demand for homes in Houston, one would assume that the prices would go up as well. While the average price for a Houston home is slightly higher than the national average, it has remained relatively steady at around $209,920.

There are several options available for the homebuyer that can assist in the process of buying property in Houston, including desirable River Oaks real estate. John Daugherty, Realtors has real estate experts always ready and willing to help a buyer find their perfect property.  An agent at John Daugherty, Realtors can help a buyer navigate the complex ins and outs of the home buying process in Houston’s strong real estate market.

Since 1967, john Daugherty, Realtors has been the #1 company in the most sought-after neighborhoods and communities of the Houston real estate market. You can search all homes for sale in Houston at Johndaugherty.com.

By JUDE PATRONELLA
Homes Correspondent
 
 John Daugherty, Realtors’ Susan Solcher and her husband Steve Solcher chaired the Texas Children’s Cancer Center sixth annual “An Evening with Texas Legends,” presented by Wells Fargo, honoring 29 Texas A&M University “Junction Boys.” 

  The “Junction Boys” is the name given to the “survivors” of Paul “Bear” Bryant’s 10-day summer football camp in Junction, Texas, that began on Sept. 1, 1954. “This event was for Texas Children’s Cancer Center and our Texas Legend this year was The Junction Boys of Texas A&M,” said Solcher, who has been associated with John Daugherty, Realtors since 1987. “We raised almost $700,000 and more than 1,100 people attended. My husband and I are both graduates of A&M, so it was quite an honor to do this. We had many past coaches, the Ross Volunteers, the Yell Leaders and Singing Cadets — all from A&M— plus Gov. Rick Perry and his wife.”

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