House in allen offer suggestions - pls help (Plano, Frisco: rental market, neighborhood)

[Rakin]

Originally Posted by TurtleCreek80

Oof, that’s crazy to pay that much to back up to commercial property and have 121 in your backyard.
The world really has gone insane!

Yep. Anytime you have vacant property close to major freeways you risk a Walmart, Target and other large development right behind your home.

Wonder if that land is sold and about to be developed.

[NJ2Texas]

Originally Posted by Rakin

Yep. Anytime you have vacant property close to major freeways you risk a Walmart, Target and other large development right behind your home.

Wonder if that land is sold and about to be developed.

good points. Based on our close research this particular property is backed to ridgeview drive and we didn't notice much traffic during day or night time (drove multiple times during various timings to check). Looks like most of them are using 121 or service road. BTW 121 is far away and you could only see it from the 2nd floor but you can't hear any traffic

Our friends who lives in saddleridge community told us that the vacant lot behind is used by the kids to play soccer (https://www.solarsoccerclub.com/) for a long time.. their kids play there every week it seems.. it is not zoned as commercial as per my research though... i could be wrong

[DFWUser1]

Originally Posted by NJ2Texas

good points. Based on our close research this particular property is backed to ridgeview drive and we didn't notice much traffic during day or night time (drove multiple times during various timings to check). Looks like most of them are using 121 or service road. BTW 121 is far away and you could only see it from the 2nd floor but you can't hear any traffic

Our friends who lives in saddleridge community told us that the vacant lot behind is used by the kids to play soccer (https://www.solarsoccerclub.com/) for a long time.. their kids play there every week it seems.. it is not zoned as commercial as per my research though... i could be wrong

OP - you are correct. I live very close by to this place and know that neighborhood and area very well.

As you said that open land at NE corner of Stacy and Ridgeview intersection is soccer fields for a long time, you can see kids playing all the time and I doubt any retail comes there. But check once with the city on the zoning.

That portion of ridgeview is not that busy "as of now". But, there is massive amount of growth along 121 corridor with huge developments already in progress and announced in future. Most of them are along 121/Alma, 121/75 intersection. Once all of that is done, it can get busy. Not much announced on ridgeview stretch between Stacy and Watters where this house backs up to, as there is this soccer fields, a church, lifetime fitness already and do not think much land is available for bigger developments but that can change. Check if you are ok with that.

Also like you said, 121 is not an issue from this location. I am telling this because, we are even closer to 121, but do not hear that much of a noise etc. Best thing to do is to go and check yourself at the peak times like u already did and understanding there is a chance for increase in traffic in future.

Pros: Saddleridge is a very good neighborhood and expensive in the area. As you already saw the area, close to "everything" you need. 121/75 is so convenient, all kinds of shopping you can think of - within minutes, good schools, spirit park etc.

Cons: house backing up to road. In general, not only here, I would hesitate to do that in any town/neighborhood and at any price point as you simply do not know what happens in future. At that price point, unless it is urgent, I would say you may get a chance in Twin Creeks, Star Creek, Shaddock park estates, Lexington in Twin Creeks etc. or even Saddleridge sooner or later.

[NJ2Texas]

Originally Posted by DFWUser1

Cons: house backing up to road. In general, not only here, I would hesitate to do that in any town/neighborhood and at any price point as you simply do not know what happens in future. At that price point, unless it is urgent, I would say you may get a chance in Twin Creeks, Star Creek, Shaddock park estates, Lexington in Twin Creeks etc. or even Saddleridge sooner or later.

Thank you.. very good point...

please note that we visited our friend's house in the same saddleridge community this weekend and his house backs it up with another house. There are huge windows literally facing each other of their houses and there is no privacy at all... you could see every corner of the other house backyard including their pool and outdoor kitchen etc. my wife hates this kind of setup and she does not feel comfortable at all.. if we buy that kind of house, we have to cover most of the windows with the curtains all the time and we won't or have only partial sun light. We have a feeling that it is better if our backyard face the less traffic street to gain privacy rather than facing other person house windows... i think each one of us would have our own preferences i guess

[DFWUser1]

Originally Posted by NJ2Texas

Thank you.. very good point...

please note that we visited our friend's house in the same saddleridge community this weekend and his house backs it up with another house. There are huge windows literally facing each other of their houses and there is no privacy at all... you could see every corner of the other house backyard including their pool and outdoor kitchen etc. my wife hates this kind of setup and she does not feel comfortable at all.. if we buy that kind of house, we have to cover most of the windows with the curtains all the time and we won't or have only partial sun light. We have a feeling that it is better if our backyard face the less traffic street to gain privacy rather than facing other person house windows... i think each one of us would have our own preferences i guess

I totally agree!! That's the point here in Texas. HUGE homes on TINY lots. Latest new construction is even bad. Say in Frisco, every neighborhood is too huge, entrances will be grand and once you enter, even in a 1M+ neighborhood, all you see inside is houses, houses, houses with wooden fence (in most cases). Not so pretty. And if it is a mediocre quality builder like say a grand home or first texas etc. even more bad looking houses and neighborhoods.

So, very hard to get everything we like in a house, especially in this market! Just need to balance all we want, current circumstances and take a decision. I completely hear what you are saying.

[FreeVilley]

Originally Posted by ThomasCrown

It's brutal right now to buy a home in the DFW area unless you are at the $2 mil price point and above. It used to be that once you hit the $1mil threshold, there was a pretty large drop off of qualified buyers, but with prices being what they are now, that limit has been doubled the last 5 years or so.



If you REALLY want a particular home, and your realtor is just not getting it done, I would reach out to the listing agent personally, tell them you are working with so-and-so as your realtor, and that you really want the home. Ask them to keep you informed as to what it will take to get this home, offer to match/exceed existing offers, etc.


You'll probably be paying more than you'd like, but you'll have a much better chance of getting a home.

TREC rules do not allow for a listing agent to communicate/negotiate directly with a buyer thats represented by another agent. So if OP does that, and the listing agent actually "plays ball" they will be jeopardizing their license for a single deal, which there is no incentive because the listing agent is going to sell the home no-matter-what.

[san11]

Its not worth it to buy right now in DFW. The homes are way overpriced.

[naterator]

$1.2M in Allen, 1/4 acre lot, no pool.

An ask of nearly double what it sold for 3 years ago.

My goodness. We would love a larger home, but not under these conditions.

[tmtex]

Originally Posted by naterator

$1.2M in Allen, 1/4 acre lot, no pool.

An ask of nearly double what it sold for 3 years ago.

My goodness. We would love a larger home, but not under these conditions.

That's insane and someone will buy it. Kinda sad in away in the way they slap these houses together in a month and you have to pay 1Mil+

[DFW_FTW]

Allen Housing Market

In February 2022, Allen home prices were up 35.5% compared to last year, selling for a median price of $517K. On average, homes in Allen sell after 15 days on the market compared to 18 days last year. There were 79 homes sold in February this year, down from 86 last year.

Frisco Housing Market

In February 2022, Frisco home prices were up 32.0% compared to last year, selling for a median price of $650K. On average, homes in Frisco sell after 13 days on the market compared to 21 days last year. There were 155 homes sold in February this year, down from 194 last year.

Plano Housing Market


In February 2022, Plano home prices were up 22.2% compared to last year, selling for a median price of $458K. On average, homes in Plano sell after 14 days on the market compared to 22 days last year. There were 154 homes sold in February this year, down from 238 last year.

McKinney Housing Market


In February 2022, McKinney home prices were up 33.1% compared to last year, selling for a median price of $500K. On average, homes in McKinney sell after 15 days on the market compared to 15 days last year. There were 178 homes sold in February this year, down from 180 last year.