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Old 10-22-2014, 12:31 PM
 
Location: NYC area
565 posts, read 719,651 times
Reputation: 989

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Has the area around Gaston/Lemmon/Peak/ near Baylor changed much in the past two years? How are real estate prices these days? Has it cooled down from last summer at all, and are there any new changes or developments happening that would change property prices or the general neighborhood feel coming up soon? Is it still just as "transitional" as ever?

Is "Old East Dallas" ever going to be a thing? It seemed like the DMN was trying to make it a thing for a while...which would be great for my property values. =)

I still own a house around there that I've been renting for the past 3 years. When we first moved to the NYC area, I didn't know how long we'd be living here but we are still here with no major plans to move. So I'm thinking about offloading my Dallas place.

I have a very bad habit of selling places just a couple of years before the neighborhood explodes in popularity (hello, my old Lakewood townhouse within walking distance to Whole Foods that I sold just a few months after Whole Foods opened).

Do any of you have any good information about that neighborhood?
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Old 10-23-2014, 10:10 AM
 
1,212 posts, read 2,292,000 times
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I would say it is getting better, and will continue to get better, but will never be great. I drove there last weekend. It has the advantage of proximity to Downtown, which will always be helpful as traffic continues to get worse and worse. However, it has a school issue that probably won't be fixed in the next 10 years.
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Old 10-23-2014, 11:21 AM
 
990 posts, read 2,297,734 times
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what specific streets are you talking about?
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Old 10-23-2014, 07:38 PM
 
Location: NYC area
565 posts, read 719,651 times
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Off Gaston, near Buckner Park.
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Old 10-24-2014, 03:30 PM
 
Location: Dallas
2,414 posts, read 3,474,471 times
Reputation: 4133
Quote:
Originally Posted by Annikan View Post
Off Gaston, near Buckner Park.
Gaston further into Lakewood is definitely better, but I think the demand will spread closer to downtown. I would say the area closer to Baylor is where that area was 10 years ago. If more of the run down apartments get redone like the ones Power Properties owns, and the others get knocked down then you'll have more buyers looking to pay top dollar. There seem to be a lot of houses on Reiger and Victor being renovated. I think you'll make money holding on to it!
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Old 10-27-2014, 11:36 AM
 
16,087 posts, read 41,083,112 times
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If it's in Zaragoza Elementary, that's a problem (feeds to Spence and North Dallas) - if it's in Lipscomb (feeds to Long and Woodrow), that's a plus. I see the areas closer to downtown becoming more like Uptown and the areas closer to Lakewood more family-oriented. Your location is a bit between, so it's hard to say. But once the old apartments along Gaston and Live Oak are renovated and redeveloped this will change things dramatically.

Last edited by Lakewooder; 10-27-2014 at 12:16 PM..
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Old 10-29-2014, 09:45 AM
 
Location: NYC area
565 posts, read 719,651 times
Reputation: 989
It's in Zaragoza, but it's just a 2 bedroom, 2.5 bath, 2 living spaces....so not really amenable to a family anyway. I've only rented to singles/roommate situations so far, usually people who work at Baylor. I may wait till this next summer and see what the market it looking like then. I think I should have sold this last summer because it looks like a few places sold on my block for a very small profit (better than a loss!). Also, the inside of mine is significantly more updated and furnished well, which helps.
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