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Old 08-10-2018, 08:47 AM
 
31 posts, read 18,551 times
Reputation: 40

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Why are houses like the one attached so cheap? There seems to be quite a bit of homes like this for under $200k. It is really making me consider looking into (I guess that is what I am doing now lol) buying/investing/moving to Houston.

I currently live in Las Vegas which is at the lower end of affordable cities, and even here a house like the one pictured would be $350k-$400k.

Could someone give me some insight on the real estate market in Houston?

Thanks.


https://www.zillow.com/homes/for_sal...ct/9_zm/0_mmm/

Last edited by mjfraser04; 08-10-2018 at 08:55 AM..
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Old 08-10-2018, 08:54 AM
 
Location: Houston, TX (Oak Forest)
4,516 posts, read 11,309,583 times
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That houses “recently updated” flooring is most likely because it was flooded during Harvey as it sits right on the buyou. Its also in a sprawl area very far commute from Houston with nothing around it for miles but more cheap houses. Suggest using www.har.com over zillow for Houston real estate searches.
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Old 08-10-2018, 09:00 AM
 
31 posts, read 18,551 times
Reputation: 40
Quote:
Originally Posted by chris_ut View Post
That houses “recently updated” flooring is most likely because it was flooded during Harvey as it sits right on the buyou. Its also in a sprawl area very far commute from Houston with nothing around it for miles but more cheap houses. Suggest using www.har.com over zillow for Houston real estate searches.
A lot of the homes say "NO FLOODING". And most are farther north (I am guessing that is quite a drive to downtown).

I am single, with no kids, and just my pup as my sole responsibility. With that said, I would need to be around somewhere that has easy access to social events and other single people my age (39).

The house below would be $500k easily in Las Vegas. And a yard this size would be next to impossible to find.

https://www.har.com/275-wood-circle-lane/sale_21848378
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Old 08-10-2018, 09:19 AM
 
410 posts, read 265,039 times
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Langham Creek, which is quite close to that house, has a history of flooding, even before Harvey.


Here is a picture from FEMA of that Charlestown Colony Subdivision during Harvey.





https://www.fema.gov/media-library-d...0903105201.jpg


https://abc13.com/weather/birds-eye-...one13/2285865/


https://www.khou.com/article/news/lo.../285-520732079
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Old 08-10-2018, 09:24 AM
 
938 posts, read 2,108,516 times
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Quote:
Originally Posted by mjfraser04 View Post
A lot of the homes say "NO FLOODING". And most are farther north (I am guessing that is quite a drive to downtown).

I am single, with no kids, and just my pup as my sole responsibility. With that said, I would need to be around somewhere that has easy access to social events and other single people my age (39).

The house below would be $500k easily in Las Vegas. And a yard this size would be next to impossible to find.

https://www.har.com/275-wood-circle-lane/sale_21848378
I looked up that property. The home flooded during Harvey.

What I’ve sort of noticed is homes in this price point are still selling despite the prior flooding for the same or small small discount to prior flooding prices. Difference is home is now more updated.

Gotta be extra careful with previous flooded homes.
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Old 08-10-2018, 09:25 AM
 
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HAR should require owners to disclose in the description whether and when the property has flooded. It would make searching a lot easier for the buyers.

That said, I'm guessing a completely remodeled nice house right by the bayou like that most likely flooded.
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Old 08-10-2018, 09:26 AM
 
31 posts, read 18,551 times
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Quote:
Originally Posted by SugLandDAd View Post
Langham Creek, which is quite close to that house, has a history of flooding, even before Harvey.


Here is a picture from FEMA of that Charlestown Colony Subdivision during Harvey.





https://www.fema.gov/media-library-d...0903105201.jpg


https://abc13.com/weather/birds-eye-...one13/2285865/


https://www.khou.com/article/news/lo.../285-520732079
Thank you for this. Could you recommend an area to search that wasn't affected by Harvey/flooding but with nice homes around $200k?
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Old 08-10-2018, 09:28 AM
 
Location: Houston, TX
463 posts, read 130,665 times
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Quote:
Originally Posted by mjfraser04 View Post
Thank you for this. Could you recommend an area to search that wasn't affected by Harvey/flooding but with nice homes around $200k?
Id probably try the Spring area.
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Old 08-10-2018, 09:46 AM
 
181 posts, read 229,602 times
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Quote:
Originally Posted by mjfraser04 View Post
Thank you for this. Could you recommend an area to search that wasn't affected by Harvey/flooding but with nice homes around $200k?
In the Clear Lake area, I'd take a look in the Middlebrook Subdivision. Some homes around that price point, in a great area with the higher dollar subdivisions of Bay Oaks, Pine Brook, Brook Forest, and Brookwood surrounding it, plus the new Reserve at Clear Lake City is just to the north, with a brand new HEB and shopping plaza. Also, thanks to the new development, you can get good access to Beltway 8, which takes you right to I-45, for downtown Houston access. It's in one of the higher elevations for the Clear Lake area.

https://www.har.com/search/dosearch?...=listprice+asc

P.S. - I'm not a realtor, I just live in the area.
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Old 08-10-2018, 09:59 AM
 
410 posts, read 265,039 times
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Flooding occurred in many different parts of the city, but in general along the bayous that run from the Northwest to the Southeast. Additionally the two reservoirs that flooded are just north and south of I-10, on the western side of town near Highway 6..... be especially cautious about homes in those areas.



Because Houston is such a geographically large city, most people narrow down their search for a home by what is a reasonable commute to where they work...less than half of employment in Houston is in the downtown area........and you cant reasonably commute from every home to every workplace.


If you could narrow it down a bit by your interests, needs, industry in which you work...it would be easier to give you recommendations.


here is a map on HAR.com that lists all houses under $200,000, a place to start



https://www.har.com/mapsearch/?map_t...ice_max=200000
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