retromodernjeff

I have been in that house, its very very bad as well. Walking through it was like a fun house at the carnival, it has serious foundation / structural products, with buckling floors, some dumb flip your house re-muddles, like a solid granite counter that is actually 3 remnents they tried to put together and it obvious, cheap laminate floors. It seems like it was a house flip gone bad. The guy who owns it could not have possible been inside that house before he bought it, the structual issues are way too obvious. I said to the realtor I would not take it for free.

This one is really really bad inside, I don't think its worth saving

Wow this guy was right on, it IS a mod variation I think the answer about context of the house and neighborhood is, ME ME ME ME Texasdago is correct, but I will go further, there are many new mcmansions in MB that are suitable for teardown lot only sales. Obviously no one is buying them. I have to laugh every time I drive by the Memorial and beltway feeder mcmansion, I hope they planned on owning that forever.

There is just something different about architects that had to use a pencil and slide rules instead of todays computers and CAD.

Oh great, its going to have a cheap townhouse look to it, that's much better.

How much does a penny cost in 2009?

Well how can this be? was he not building his own house to be near his girlfriend? Hey Granit builders, call for you on line one, its Ken Lewis.

Love this one, but it seems this size of house would be for a family, and the schools there look to be, well awful.

Yup that's true as well.

"Lest we forget the eternal flame fixture that really only says: I'm all about wasting natural resources for the purpose of creating some sort of throw-back look (i.e. Victorian England)." Oh ya, that's exactly it ! The more I look at the "architecture" of mass consumption and debt that was the bubble era, the more all of these houses look like they are built as a movie set. You know where it is really just a front facade and what is behind is just a generic stucco box.

Its just going to be a bunch of empty lots, the stupid mcmansion builders just don't get it. I am sure they still think "Obviously someone would buy my mcmansion I just built around the corner" instead of the ones that are sitting there unsold for how many months? A little off topic, but this is the same attitude that has destroyed communites and parts of cities all over. Look at that Las Vegas City Center fiasco, its going to go bankrupt very soon, MGM can't even sell parts of its casinos to try and keep paying the interest on the construction loan, it was to be a trophy of the new Las Vegas, it will be an unfinshed concrete eyesore of a trophy to greed and short sighted thinking for everyone to see for many years.

Well not Chase Home Mortgage, they were smart and stopped (mcmansion) construction loans. No more loans

Yes, I don't know why people continue to say it didn't, when in fact it did. All the same economics and lending practices from the rest of the country were also done in Houston. Obvioulsy not 100% all areas. Look at some basic data for this house. You tell me an approx 80% run up in "value" in 4 years is not boom bubble numbers? Does not even matter if you look at inflation or not, still too high to be "normal". The fact that one could even flip homes shows the housing bubble was present, if it were traditional redlining type of mortgages, it really would not be possible. As in the same as other McMansion infected areas, these neighborhood bubbles were created by builders who artifically ramped up the home "values" by building the out of scale Mcmansions. They were able to sell them due to cheap bubble years money, thats over and prices have to come way back. What is even more puzzling is people that try and say that certain neigborhoods are basically excluded from basic economics. The people who live in Laguna Beach / Dana Point areas of SoCal also thought that, now they realize its not true.

Not a good deal at all, price still way to high. With 7611 River Point Dr down the street at $795,000 listing price, it starts to make this one a little more realistic. Its just taking a long time for people to realize the boom days are long gone and the prices need to come on way back.

Saw the house today. Really nice original condition inside. Very symmetrical, felt more like a large loft really, party design house. Very large sliders and single glass doors. Quality contruction and materials for sure. Apparently the pink kitchen cabinets and other paint in the house are original too. The outside needs a good cleaning though. On a good note the listing agent mentioned it was not being sold as a tear down and reacted negatively to the idea. She did mention 307 Friar Tuck to us as well.