Quote:
Originally Posted by CamThomas
Thanks for the research. Kind of looking at Chicago but these are pretty old.
yep. But keep in mind that place that they posted is right next to MS. I'd bet you could rent that forever. I feel the same living in Texas. Yes, our prices have gone off but when I look at other areas, even Chicago, the bang for your buck is much better in Texas and the south as a whole.
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Old is only old if poorly maintained or poorer construction and seen as very outdated rather than classic original architecture and woodwork retro and just that look that is timeless though older.
Perhaps it takes being older yourself to appreciate it and what is good construction and OLD is only a number for people AND housing if maintained looking as good and even updated as desired.
If you price the newer housing of the inner loop of say Houston? OMG the prices of their new homes and rents of multi-residential complex plus taxes high and those forever HOA fees. None of that is cheap anymore at all. Sure further out and homes all just on too-thin-of-a-slab, are cheaper as no true foundation or basement is built into them. Lots are now smaller squeezing even a McMansion on a Chicago sized lot. You see the homes of Houston built in the 1920s vs Chicago? No comparison to quality.
Most of the Houston old homes are just on blocks off the ground without foundations or slab, not brick and not big homes, but on larger lots. Developers buy them out even whole blocks and demolish them. They redo the lot sizes smaller and build new homes over a garage many times (good for avoiding the risk of flooding the main living areas) alongside multi-residential housing too. The cost skyrocket and forever HOAS even for some homes not cheap. You want further in the suburbs perhaps long drives? So be it. for
Houston city anything new is far from cheap today with high taxes as no state income tax has to be made somehow and insurance is not cheap. Still always homes cheaper on Old Houston and older Houston ranch homes ect. Same for other major metros as prices keep going up and taxes.
Best to have gotten there a decade or more ago. Still the great lure of cheap is not as it was. Now go to Appalachia north or south or Alabama more rural and Mississippi even rural Texas and of course will be cheaper. I retired to Appalachia in the northeast in my home county and it is much cheaper.
The 50s 60s homes are generally higher. - As I noted by the inflation calculator. The $400,000 home in 2021 when the thread began is now the $450,000 home.
Also, I considered posting some Cleveland city homes. OMG you just go into Redfin Cleveland homes for sale in general and see the prices. So many are still under $200,000. Thing is I do not know the better neighborhoods vs those claimed not as much. Sadly, that city gets even more of a scourge for real winters and more snow etc. Still these lower costs may eventually be discovered vs migrating south.
I find the 50 60s, the peak in construction quality in real plaster walls, hard woods in areas of good minimum requirements especially much of the north with full basements that if the sunbelt cities added them or even some foundation other than a slab? The homes would be even higher for newer especially.
A couple more Chicago northwest side offerings under $400,000 solid homes full basements and those pushing over $450,000 in my fav styles and under.
This home Redfin is calling a Hot home by inquiries and listed 2-days ago. Features a full totally finished basement as part of the living space with a large laundry room with lots of cabinets stove and a fridge in the basement also virtually a kitchen. Lot of open finishes space including separate bedrooms even made in the basement still having windows.
Upstairs general nice kitchen all white with dinette as they had. Wood floors and photos clearly being lived in with a family with kids and their toys plentiful from their Christmas stash. All move in ready seeing past the clutter yet clearly in great shape. 2-car garage alley entrance backyard basic porch with patio area and small green yard portion left. This home is unusual in having BOTH a front driveway to garage and garage entrance from the back alleyway. So parking even in front and side of this home. Back yard with a privacy fence.
Built in 1921 not a brick home.
Living area 2,206 sq/ft
- Selling Price $365,000
Taxes $2,545.65
https://www.redfin.com/IL/Chicago/35.../home/13541077
Street-view from 2013 14 only available.
https://www.google.com/maps/@41.9443...6656?entry=ttu
Back Alley and garage.
https://www.google.com/maps/@41.9442...8192?entry=ttu
This home again is my favorite style again in the city in the mid-century variety of the 50s 60s and brick.
This home Redfin is calling a Hot home by inquiries and listed 2-days ago. Features a full totally finished basement as part of the living space with a large laundry room with lots of cabinets stove and a fridge in the basement also virtually a kitchen. All REAL Plaster and hardwood used with steel beams used in construction for strength under the main level.
Home as 2-fireplaces listed as wood-burning and upstairs
The kitchen is all white and dinette as was called in-the-day.
It has an enclosed back brick addition now more as a patio that could be many things
The full finished basement is clearly waterproof and probably not damp at all with windows.
Says the original owner was the builder and this home was built for his family. So would you call this family. So would anyone call this home OLD at over 50-yrs old and not note the timeless exterior?
Built in 1970.
- Selling for price $479,900
Taxes: $3,320.31
https://www.redfin.com/IL/Chicago/32.../home/13541876
Street-view of home front and street.
https://www.google.com/maps/@41.9389...8192?entry=ttu
The view of the back alley has a good concrete alley and paved front street.
https://www.google.com/maps/@41.9388...8192?entry=ttu
- I would not call this above or below home OLD at over 50-yrs old and not note the timeless exterior and upgraded interior as why.
This home just had a $8,000.000 price drop. A corner but at an alley for some that is good in no home just feet away on that side. Built in that mid-century style I like.
Full finished basement with private bedrooms and the works.
Upstairs all upgraded with a very nice blue-grey kitchen I like.
Hardwood floors
Back roofed patio w/small Chicago sized yard and 2-car garage with alley entrance in back.
Built in 1959 as old as me...
Called a Raised Ranch as the basement has good sized windows picture of front shows.
1000 sq/ft main floor with near equal finished basement not counted. The usual 2-car garage entrance from the back alley. Well maintained and timeless exterior more than not.
Full finished basement with even separate rooms as bedrooms.
I like the main floor blue-grey cabinets and coloration of the kitchen and dinette.
Back nice patio with roof and nice Chicago sized yard, normal 2-car garage.
https://www.redfin.com/IL/Chicago/28.../home/13433040
- Selling Price $246,999 (price cut after less than a month for sale)
Taxes $4,852.69
Street-view front
https://www.google.com/maps/@41.9314...8192?entry=ttu
Side alleyway and garage
https://www.google.com/maps/@41.9314...8192?entry=ttu
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