Castle Hills North 40's & 50's (Dallas, Mercedes: sales, real estate, lenders)

[dallasDeepBlue]

Is the castleHills North 40's and 50's worth the price of 300K for a 3000sft 4bed room home ?

How good is American legend homes or Mercedes homes builder in this community ?

[nsumner]

Castle Hills is a wonderful community. You won't regret. However, here's some info about Merdeces's recent bankruptcy filing.

Homebuilder-Bankruptcy.com » Mercedes Homes - Liquidity through Use of Lenders’ Cash Collateral (http://www.homebuilder-bankruptcy.com/2009/03/mercedes-homes-liquidity-through-use-of-lenders-cash-collateral/ - broken link)

American Legends Homes is owned by the Bright family which has a lot of assets in the area. I don't have much to say about them. I have only sold 3 of their homes in the past few years experience and my clients were happy. I think they have only been in the Real Estate building part for about 5 years.

Naima

[Rakin]

American Legend is a good builder. Mercedes is struggling but many builders are also. I believe Mercedes pulled out of that community and maybe David Weekly is going to fill the void.

I say go for it. Great Location.

[GayleTX]

They are selling so fast they must be worth it. Huge price increase is coming soon due to four to five sales per week without the streets even being poured yet!

American Legend was one of the finalists for Homebuilder of the Year last night for the Great Dallas Area Homebuildes Assoc. awards. They have good financial backing and should be around a long time.

[dallasDeepBlue]

Thank you all so much for you responses.

The question in specific is that, just across the street (few blocks away on standridge) from the castle hills north community there are a lot of homes selling for less than $70 per sqft. This castle hills community doesnt connect into the castlehills by roads atleast for now.... I dont get it how this community can price for $100 per sqft ???

[Rakin]

Hopefully you're buying quality. For $70 a sq ft you would get a pretty cheaply built house. Not many builders can build at that price without sacrificing quality.

What other builder are you considering ?

[dallasDeepBlue]

Drees , Centex and Pulte.

[Rakin]

These 2 builders build homes for what I refer to as "for their stockholders" and not their clients. Both are struggling financially (many are).

Centex is OK but IMO they build a big box. A lot of sq footage for a cheap price. You should be more pleased with American Legend if you're looking for design and architecture.

If you are just needing a big home Centex & Pulte will fit the bill. Be sure & get a home inspection on any home you buy, even new construction.

Of the 3 you mentioned I would go with Drees but usually their prices are also a little higher since they add quality into their construction. Looking at Drees website I don't see where they are building in the CH area.

[dallasDeepBlue]

drees are building on the standridge drive too. (may be not in Castle hills area)

[Rakin]

If you can build a Drees home at the price that works, I'd encourage you to go for it. Good well earned reputation.