Revitalization Continues in Fort Worth Neighborhoods

revitalization is key to this area

6813 Treehaven Road in the Ridglea Hills West area is helping the neighborhood continue the revitalization  (photos Trey Freeze Media)

Don’t you love it when you’re right?  Of course, you do.  Last week we discussed how we love when we’re first, now we will focus on the adulation of being right in regards to the revitalization of a certain Fort Worth neighborhood.

In 2016, your favorite Real Estate Sherpa told you about a neighborhood that was on the cusp of revitalization.  That neighborhood was called Bomber Heights.  Combined with the adjacent neighborhood Ridglea Hills, west of Highway 183, Bomber Heights has become an area where revitalization has taken off and isn’t looking back.

The kitchen of 6813 Treehaven Road in Ridglea Hills West

Bomber Heights / Ridglea Hills West

Revitalization is rampant and still room for more

Red = recent sales in Ridglea Hills West & Bomber Heights

In this smaller area, there have been 68 closings in the past 365 days.  Currently, there are only 18 homes active, under option, or pending in the area.  Activity is abundant.

As inventory has shrunk (and become better), prices have increased.  The highest sales price over the past year is around $250,000, and the highest price per foot (although that’s a phony way to consider value of a home) is nearly $190 per foot.

As this trend continues, this triangular area, found between Hwy 377, Vickery Blvd., and Hwy 183,  in a great location will no longer be a secret.

 

 

 

 

Sunset Acres / Burton Hills

Another area where revitalization is happening is a neighborhood sandwiched between one of the older and more expensive neighborhoods, Westover, and thriving urban village of The River District, in Fort Worth.

Close proximity to the Trinity River makes Sunset Acres an attractive area

The area is called Sunset Acres or sometimes referred to as Burton Hills.  This swathe of land consists mainly of homes built in the 1950s and 1960s.  Most are single-story homes.  Certainly, the majority of homes were built by the same builder because the layout of the homes is nearly identical from home-to-home.

Like the Ridglea Hills West area, sales numbers and sales prices have increased in the past few years.  This trend is certain to continue.

5504 Santa Barbara in Sunset Acres is a recent example of revitalization of 1950’s home

Revitalization Doesn’t Always Mean Flipping

We’ve discussed plenty in Tarrant County Tuesday the skepticism you should have about homes that are flipped.  There are some out there who do a fantastic job, and there are some that slap a little gray paint on the walls and quartz on the counters and call it a day.

Flipping has slowed down in these areas as prices have continued to increase.  It makes sense, if a flipper can’t find a cheap enough property to work on then turn it for a profit, they won’t buy the property in the first place.

Removing bathtubs and making large showers and trendy materials makes 5504 Santa Barbara very attractive to buyers.

In both of these locations, there are some quality flippers, however, because prices aren’t yet pushing $300,000 or more, and sales prices of homes in need of work are over $100,000 for the most part, many homes are being purchased and updated by individuals.

There is still hope for those looking under $300,000 and want to live inside the 820 Loop of Fort Worth, you just have to know where to look.

This listing at 6813 Treehaven Road is listed by Greg Shannon of Pioneer Realty for $249,950.  And 5504 Santa Barbara is also listed by Greg Shannon for $260,000.

Well, that’s all from Tarrant County Tuesday this week Dirty Readers.  Thanks for reading and following and sharing!  As always, if you have questions, comments or great ideas for a post … hit me up!


Seth Fowler is a licensed Real Estate Sales Professional for Williams Trew Real Estate in Fort Worth, TX.  Statements and opinions are his and his alone.  Seth has been involved with the home sales and real estate industry in the Fort Worth area since 2004.  He and his family have lived in the area for over 17  years.  Seth also loves bowties!  You can reach Seth at: 817.980.6636 or seth.fowler@williamstrew.com.  If you are looking for a Real Estate Sherpa to help you buy or sell … give Seth a call!

 

One Comment

  • Seth I discovered the Bomber Heights neighborhood more commonly known back the as Ridglea West when my parents bought their first and second homes there in the later 1950’s. When I bought my first home it was in the old neighborhood. It was a great area to grow up in. I sold my house in 2009 a little over 1400 square footer that I was tickled to sell for a tidy sum at the time those old frame asbestos shingles houses were built to last. Most I have seen as an inspector if taken care of still have a lot of life in them. With pier and beam foundations they are an easy buy and remodel proposition. Foundations are easy to adjust and for first time buyers or empty nesters a good value to redo into a retirement life style. Keep showcasing some of Fort Worth’s older quality inventories.