While Sharpstown is mostly populated with fairly mediocre ranch houses, I have a house that I will be putting up for sale/rent in about a month. It is is a really nice modern house, with fantastic brickwork, a low slope roof, and amazing trees. Definitely a classy mod. For sale around 130K, remodeled. Save the other 120K in your budget and buy a bunch of Eames furniture. The address is 7139 Sharpcrest if you want to drive by. e-mail me at info@area16.com for a tour. The 3rd ward also has some really amazing mods, FYI. I think they are overpriced, given the typical condition and neighborhood location, but many disagree and love living in that neighborhood. Or why don't you make an offer on the formica house? Maybe you could get it for 250K? Good luck on your mod search!