BRAES HEIGHTS, HOUSTON, TX BOUNDARIES AND CONSTRUCTION
Braes Heights is a Houston, Texas subdivision of mostly single family homes located inside the 610 Loop, west of the Texas Medical Center and south of West University and Southside Place. It's street boundaries are roughly Holcombe to the north, North Braeswood to the south, Stella Link to the west and Buffalo Speedway to the east. It is part of Braeswood Place which is composed of seven subdivisions: Ayrshire, Braes Heights, Braes Oaks, Braes Manor, Braes Terrace,Emerald Forest, and Southern Oaks. It was built in the 1950s and is now mainly composed of the older ranch style homes and new construction homes. There has been much new construction in the last 10 years-mostly 2 story homes from 3200 to 5500 sq. ft.
BRAES HEIGHTS OVERVIEW
Recent developmentsare a library, YMCA, Sheltering Arms senior citizens facility headquarters, McGovern Park ballfields for children, Helen's Park and Beal Park. Braes Heights is zoned to Houston Independent Schold District (HISD) schools - Mark Twain Elementary (newly built), Pershing Middle School(newly built) and Lamar High School. Children in Braes Heights are placed in the West University Little League. Braes Heights is part of the Braeswood Place Homeowners Association.
BRAES HEIGHTS HOME SALES - MARKET REPORT
Sales in this subdivision can be largely broken down as follows: 1)Older homes with few if any updates which are mainly worth lot value 2)Older homes which have been remodeled 3) New or recent construction.
According to information that I reviewed on Houston Association of REALTORS Multiple Listing Service, as of 3/22/2010 there are 25 single family residential homes on the market priced from $299,000 for a 4 bed/2 bath, 1941 sq. ft. home in poor condition on a 12,152 sq. ft. lot to a new construction, 4 bed/5.5 bath/ 2 car, 6362 sq. ft. home with some special energy efficient features on a 9673 sq. ft. lot, priced at $1,925,000. The average asking price per square foot is $228.28. As of 3/22/2010, there are four homes under contract pending sale.
In December 2009, 6 homes sold at an average of $215.45 per sq. ft. The lowest sale of $344,000 was for a 3 bed/ 2 bath, 2633 sq. ft home on a 8750 sq. ft. lot. The highest sale was $1,050,000 for a new construction, 5 bed/ 4.5 bath/ 2 car garage, 5280 sq. ft. home, on a 8614 sq. ft. lot.
There were no sales in January 2010 although several went pending.
In February 2010, 2 homes sold at an average of $197.77 per sq. ft. The lowest sale of $359,000 was for an original condition, 3 bed/ 2 bath, 2043 sq. ft home on a 8195 sq. ft. lot. The highest sale was $760,000 for a 1993 built, 5 bed/ 3.5 bath/ 2 car garage, 3615 sq. ft. home, on a 8137 sq. ft. lot.
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