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Old 02-17-2020, 03:32 PM
 
6 posts, read 7,254 times
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I am looking at a brand new house in area code 76110. It is selling at $200 thousand. The street the house is on appears to be working class Hispanic people. I do not have a problem with either of these two things. I want some info on crime, living conditions, traffic, etc. I could use advice and am not familiar with Fort Worth. Thanks in advance.
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Old 02-17-2020, 03:39 PM
 
Location: Grapevine, Texas
10,113 posts, read 21,343,827 times
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What's the address of the house? 76110 is very mixed. Mistletoe Heights and Ryan Place are lovely, but I doubt you're getting a $200k house there. The areas south of Berry (especially between McCart and Hemphill), and Morningside can be pretty rough.

Here's the Tarrant County Sheriffs interactive crime mapping tool: https://access.tarrantcounty.com/en/...e-mapping.html

The best advice I can give you is to come see the house in person before you buy. You need to walk around the neightborhood and see it for yourself.
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Old 02-17-2020, 03:45 PM
 
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I have seen the house in person. Here is the address: 3811 South Main Street Fort Worth, Texas 76110. I found it on realtor.com.
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Old 02-17-2020, 04:02 PM
 
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The house is east of Hemphill and west of I35W.
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Old 02-17-2020, 11:13 PM
 
1,106 posts, read 746,058 times
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I always say check with the neighbors. Get out around 5pm-6pm and walk around. That's when people are coming home from work. They'll tell you more about the neighborhood and what is going on than anyone else. If you don't see anyone outside, knock on the five or six doors surrounding the house. Tell them you are thinking about buying the house and what they think of the neighborhood.

You can also call the CRO or Community Resource Officer for the neighborhood and also ask if there is a Beat officer regularly assigned to the neighborhood. Ask either one of them for crime stats and trends. They can likely assist you. Beat officer might meet you at the house to discuss.

Welcome to Texas and best wishes with the move.
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Old 02-18-2020, 08:42 AM
 
Location: Bedford
609 posts, read 838,418 times
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The northern part of that area is probably the safest bet since redevelopment is creeping south and east from Fairmont, Magnolia, Rosedale, and South Main to the north of that area. Hemphill is starting to see new residential projects and Worth Heights was in the news recently for getting funding to spruce up streets and sidewalks. If you spend $200k on a quality new home now, that could look like a really lucrative investment in 10 years.
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Old 02-18-2020, 08:52 AM
 
Location: Grapevine, Texas
10,113 posts, read 21,343,827 times
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Yes, that is a very working class Hispanic neighborhood. I've looked at the crime maps (link provided above), and the immediate neighborhood seems OK, although there are several sex offenders who live nearby. The houses next door both have wrought iron/metal fences and driveway gate, which apparently is to deter car burglaries. That's not a good sign. Is the neighborhood safe after dark? Where will you have to go to get groceries, etc?

You are buying the nicest house on the block, which is not the best thing to do from a ROI perspective. I can also tell you that the public schools in that area are horrible, which will further hurt your resale value.
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Old 02-18-2020, 10:59 AM
 
3,556 posts, read 2,077,504 times
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Quote:
Originally Posted by ChristieP View Post
I can also tell you that the public schools in that area are horrible, which will further hurt your resale value.
This is often-repeated, but I'm not sure it's true. Is there evidence that houses with bad schools appreciate at a lower rate? Obviously bad schools have a negative affect on value, but that should already be priced in.
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Old 02-18-2020, 11:58 AM
 
Location: Grapevine, Texas
10,113 posts, read 21,343,827 times
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Quote:
Originally Posted by Wittgenstein's Ghost View Post
This is often-repeated, but I'm not sure it's true. Is there evidence that houses with bad schools appreciate at a lower rate? Obviously bad schools have a negative affect on value, but that should already be priced in.
Families who care about their kids' education are much less likely to buy a house in an area with bad public schools. This makes your house less marketable since a large percentage of buyers will not even consider it.
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Old 02-18-2020, 12:26 PM
 
3,556 posts, read 2,077,504 times
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Quote:
Originally Posted by ChristieP View Post
Families who care about their kids' education are much less likely to buy a house in an area with bad public schools. This makes your house less marketable since a large percentage of buyers will not even consider it.
Yes, but isn't that already priced in to the current price? That is a factor for value, not rate of appreciation.
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