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Old 09-05-2014, 12:42 PM
 
47 posts, read 46,421 times
Reputation: 90

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Calling all you real estate speculators out there. If you were going to buy a centrally located residential lot with the goal of eventually building a home on it, where would you buy? I keep thinking that the Heights is going to jump the loop and go north into Independence Heights. And that Garden Oaks will cross Yale and spread east, but it just doesn't seem to be happening. The Near Northside area doesn't have much land for sale and the parts of Third Ward where you can still buy at this price are very scary. Thoughts?
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Old 09-05-2014, 12:46 PM
 
Location: San Antonio/Houston
33,607 posts, read 51,842,106 times
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You want an investment lot in Heights or Garden Oaks for under $30K?
Or anywhere, centrally located? Perhaps inside loop 610 and in a good, safe neighborhood, with good schools, close to shopping and all that?

Last edited by elnina; 09-05-2014 at 12:54 PM..
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Old 09-05-2014, 12:57 PM
 
47 posts, read 46,421 times
Reputation: 90
Good schools aren't important. And it doesn't necessarily have to be safe now...just heading in that direction.
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Old 09-05-2014, 03:30 PM
 
Location: San Antonio/Houston
33,607 posts, read 51,842,106 times
Reputation: 83099
Add a zero, and you might be in business...
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Old 09-05-2014, 03:42 PM
 
6,404 posts, read 9,116,890 times
Reputation: 3011
Here are the zip codes I know of currently that have lots for around 30k these areas not for long term investment though

77021
77023
77033
77045
77061
77085
77087

To get a decent lot 8k to 10k sqft you need to increase your budget to 125k to 175k

Right now there is a lot in 77011 Ave C 28ksqft .65 acres for 160k

Last edited by DJboutit; 09-05-2014 at 03:50 PM..
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Old 09-05-2014, 04:26 PM
 
Location: The Greater Houston Metro Area
8,955 posts, read 14,101,443 times
Reputation: 14777
Riverside Terrace - but it will run more like $150K. For perspective, there is a lot in Garden Oaks for $450K - no house, just the lot.
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Old 09-05-2014, 09:03 PM
 
1,235 posts, read 3,666,799 times
Reputation: 948
Here's a house that's lot value. It isn't $30k, but it's Eastwood, safe, and gentrifying. There are home prices all over the map (100-400s) in the immediate vicinity.

4423 Coyle St, Houston, TX 77023 - HAR.com
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Old 09-05-2014, 09:50 PM
 
6,461 posts, read 6,105,318 times
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That's a good deal for Eastwood.
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Old 09-06-2014, 07:03 AM
 
2,665 posts, read 2,547,017 times
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Quote:
Originally Posted by travelguy_73 View Post
Here's a house that's lot value. It isn't $30k, but it's Eastwood, safe, and gentrifying. There are home prices all over the map (100-400s) in the immediate vicinity.

4423 Coyle St, Houston, TX 77023 - HAR.com
Interior just needs a bit of dusting and then it's move-in ready!
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Old 09-06-2014, 09:34 AM
 
Location: The Greater Houston Metro Area
8,955 posts, read 14,101,443 times
Reputation: 14777
Quote:
Originally Posted by txdemo View Post
Interior just needs a bit of dusting and then it's move-in ready!
LOL - I was thinking more like a wrecking ball - with or without Miley Cyrus.

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