dbigtex56 Posted October 30, 2008 Share Posted October 30, 2008 Noticed on the 945 Heights Blvd Demolition thread that there's also a listing for 321 Heights Blvd by the same realtor. From the description: "House and Billboard on I-10 at entry to Heights Blvd. on 7500 S.F. Corner Lot. Additional 7500 S.F. lot next door also available at $375K. Builder will Build-to-Suit with your plans, or his (see sketch)." None of that sentimental pap about the existing circa 1900 house - a pretty little Victorian which I have long admired. One can only hope or dream that someone will move it to a safer location. I'm confused by the wording in the advertisement; is the sale contingent on using 'Builder'? Quote Link to comment Share on other sites More sharing options...
TheNiche Posted October 30, 2008 Share Posted October 30, 2008 I'm confused by the wording in the advertisement; is the sale contingent on using 'Builder'?It basically means that the builder can't get any financing for speculative development anymore, is hurting for business, and that by selling this lot, the buyer is required to hire out the builder within a particular time frame for a new home of some particular minimum value (this is an outcome known in some circles as: 'feeding the beast'). Quote Link to comment Share on other sites More sharing options...
RedScare Posted October 30, 2008 Share Posted October 30, 2008 It comes with its very own billboard? SWEET!!!! Quote Link to comment Share on other sites More sharing options...
dbigtex56 Posted October 30, 2008 Author Share Posted October 30, 2008 It basically means that the builder can't get any financing for speculative development anymore, is hurting for business, and that by selling this lot, the buyer is required to hire out the builder within a particular time frame for a new home of some particular minimum value (this is an outcome known in some circles as: 'feeding the beast').Something, perhaps, like 722 Oxford?(Don't you just love the HCADwebsite?) Quote Link to comment Share on other sites More sharing options...
TheNiche Posted October 30, 2008 Share Posted October 30, 2008 Something, perhaps, like 722 Oxford?(Don't you just love the HCADwebsite?)Perhaps, but I'd suspect that they don't really give a damn. The beast is hungry. Quote Link to comment Share on other sites More sharing options...
dbigtex56 Posted October 30, 2008 Author Share Posted October 30, 2008 Perhaps, but I'd suspect that they don't really give a damn. The beast is hungry.Just pointing out that HCAD lists the same owner for both properties - perhaps the delay in selling the Oxford property is causing those pangs. Quote Link to comment Share on other sites More sharing options...
Dan the Man Posted October 30, 2008 Share Posted October 30, 2008 Who's going to spend $375K to buy a "teardown" house next to a freeway with a billboard in the backyard at a time like this? The location is so crappy; I'm surprised a builder even bought it in the first place. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted October 30, 2008 Share Posted October 30, 2008 Who's going to spend $375K to buy a "teardown" house next to a freeway with a billboard in the backyard at a time like this? The location is so crappy; I'm surprised a builder even bought it in the first place. Depends. How much of the billboard revenue goes back to the landowner. Quote Link to comment Share on other sites More sharing options...
heights_yankee Posted October 31, 2008 Share Posted October 31, 2008 It basically means that the builder can't get any financing for speculative development anymore, is hurting for business is it bad that this makes me a little happy? perhaps it will lead to more conservative development in the heights. ::fingers crossed:: Who's going to spend $375K to buy a "teardown" house next to a freeway with a billboard in the backyard at a time like this? The location is so crappy; I'm surprised a builder even bought it in the first place. the builders have been buying any and all properties. i guess the way they see it is if people will buy the townhomes on top of the tracks at heights and washington, this lot could be like a quiet little get away.b and since i don't want to start another thread (unless bigtex says i have to) i want to point out that the adorable bungalow where "Heights Lights and Things" was has been demolished... Quote Link to comment Share on other sites More sharing options...
dbigtex56 Posted October 31, 2008 Author Share Posted October 31, 2008 and since i don't want to start another thread (unless bigtex says i have to) i want to point out that the adorable bungalow where "Heights Lights and Things" was has been demolished... Well... I guess we can let it go this time. Where was the "Heights Lights and Things" bungalow located? Is another Neo-Kink(ade) mansionette in the offing? Quote Link to comment Share on other sites More sharing options...
SecondTour Posted October 31, 2008 Share Posted October 31, 2008 It comes with its very own billboard? SWEET!!!! Quote Link to comment Share on other sites More sharing options...
RedScare Posted October 31, 2008 Share Posted October 31, 2008 Well... I guess we can let it go this time. Where was the "Heights Lights and Things" bungalow located? Is another Neo-Kink(ade) mansionette in the offing? It was at 416 Heights, right next to a monstrous hunk of stucco, complete with Home Depot lighting. I bought a few of my kitchen lights there. The owner and I were talking about the McMansions going up around him, and he mentioned some of the offers he was getting. It had to be tough turning them down a couple of years ago. I guess he finally succumbed to the pressure...or, on the bright side, maybe he grew and had to expand. It was pretty cramped in there. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted October 31, 2008 Share Posted October 31, 2008 is it bad that this makes me a little happy? perhaps it will lead to more conservative development in the heights. ::fingers crossed::It will lead to less development, conservative or otherwise. Quote Link to comment Share on other sites More sharing options...
Dan the Man Posted November 1, 2008 Share Posted November 1, 2008 Depends. How much of the billboard revenue goes back to the landowner.Good point, but the builders are targeting faux-Victorian buying yuppies. This demographic is typically more concerned with image than maximizing economic return. Though, someone who is desperate enough to say that they "live on Heights Blvd" might buy it... Quote Link to comment Share on other sites More sharing options...
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