Lindale Park Update
My previous Lindale Park update was Nov, 2010. In it I showed 14 homes active or pending. These ranged from $105K –$325K. Most of these were very nice homes.
I drove through a few days ago and it’s entirely different feel. There were very few homes for sale, and no FSBO’s (For Sale by Owners). There are currently 6 “Active” homes on the market. These started at $124.9K for a fire-damaged home, and went up to $249K for a large renovated home.
I won’t even try to draw conclusions on price per SF. Insufficient data…
One of the cutest homes available is the one at 1007 English St. A 1200 SF 2/1 on a 5300SF lot for $195K.
My guess about the lackluster market is that if people are considering selling, they are holding off until the Fulton St rail line is complete. The street is a disaster now. BUT…the rail is actually being put in place! It is actually going in. It may cost billions (an exaggeration I hope), but it is going in. This should be a cool line. It takes a ragged street and will turn it into a pedestrian-friendly area that should draw people to it. Businesses should improve, and the surrounding area should get a boost. Being a fiscal-conservative, I would hate to see costs per passenger-mile, but the benefits to Lindale Park and the surrounding area should be major!
As I said above; it’s tough to draw price conclusions now, but I recommend you find something soon, before the train brings potential buyers by the drove.
See my Lindale Park Area Page .
I had someone contact me last week from my blog wanting a lot in Lindale Park. I told him the cheapest one on the market was $99K. He never called me back after that. That price is probably too high, but he expected a price in the $40’s. A couple of small homes have sold for around $80K in the last year. I would guess that to be true market value for Lindale park lots.
Contact Me if you want to chat about the area…or Call Rich Martin 713 868-9008