mid-century capsule

Fix yourself a cocktail at the smoked glass bar and come take a look at this part-time capsule, part-updated home in the heart of Irving listed by Blaine Soileau of Dallas City Center Realtors for this week’s Thursday 300.

Working on last week’s Suburb Sunday featuring Irving, I came across this stunning mid-century style home at 309 San Mateo Court that is fabulously priced at $398,000. This 3,168 square-foot four-bedroom, two and half-bath home has a striking front entrance with amazing angles that hint at its unique inside. I debated between featuring this and another MCM home, and went with the latter, but someone has jumped at the chance for this 1967-built home in Irving’s University Hills because it’s now listed as pending.

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For this week’s Suburb Sunday, we found fabulously diverse architecture in these three Irving homes in the popular neighborhoods of Hackberry Creek in north Irving near 114, Fox Glen in central Irving near O’Connor Road, and University Hills in east Irving near the University of Dallas. Which do you prefer?

A Mid-Century Modern Marvel in Fox Glen

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IrvingWhen Britta Stanton bought the home she and her four children would move into after her divorce a few years ago, she didn’t think she’d ever move again — she loves her home in Irving that much.

“I thought I would never move, I decorated it like I would never move, and now I’m moving,” she said, with a chuckle.

But with good reason — Stanton got married yesterday, and while her fiance loved the home too, she suggested that they at least go look at something they could buy together for their newly blended family.

“When my fiance and I were talking about this house, I said, ‘Let’s just go look at other houses just to make sure we both choose together,’ because I picked this house out myself,” she said. “And he was like, ‘No, I love your house.’”

So that seemed somewhat settled, because Stanton loved her house, too. But then she discovered that a brand new development was going in right behind her children’s school (they go to Uplift North Hills), which is a kindergarten through 12th-grade charter school — which means that a home closer to it makes for a friendlier commute for all four children right up until college. (more…)

historicalIt’s not every day that you find a historic home for less than $300,000 that doesn’t need a ton of improvements. But for today’s Tuesday Two Hundred, we’ve found one that really ups the ante on historical.

How? For one, this 1904 Folk Victorian was home to three Irving mayors. But more importantly, the Howard-Beaufford home, located at 318 S. O’Connor Road, is the oldest still-standing home in Irving.

(Historic photo courtesy Portal to Texas History)

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Prairie-Style

Photography: Shoot2Sell

By Donovan Westover
Special Contributor

Prior to the 2016 holidays, I had the opportunity to visit the 1974 Mitchell House at 2717 Conflans Road in Irving. I owe Allie Beth Allman listing agent, Richard Waite a huge apology for my glacial progress as the holidays and life got in the way. As fate would have it, a substantial price drop ($895,000 to $749,000) gives me a second wind to write about this iconic Prairie-style home.

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4459 Lena extI don’t know if thinking about how big and scary Igor Olshansky looked when he played for the Dallas Cowboys, with those tattoos and all, can make us feel any better about last night’s tragic game. Oh. My. God. 20 to 17 in OVERTIME!

Igor is selling his Irving home in Fairway Vista. Maybe if you buy it, it will bring some magic football fairy dust to the Dallas Cowboys this Sunday. (more…)

Las Colinas Horses

Will the horses of Las Colinas keep charging without the Cowboys there?

Poor, Beth Van Duyne! First the Byron Nelson announced that it will be relocating, and now the Cowboys are pulling up stakes from their Valley Ranch training facility and heading for Frisco. The Irving mayor must be having fits!

Of course, what we want to know is how all those luxury homes and condos, and all that great shopping will fare without America’s Team, which happens to be the most valuable in the NFL.

But, what about the Irving Entertainment Complex that was recently given the green light by the Irving City Council? Well, that project doesn’t exactly have a clean slate, given its history of lawsuits and he-said/she-said documents alleging all sorts of claims. So, what’s the outlook for Irving and Las Colinas?

We chatted with Brandon Calhoun, a star agent and real go-getter with Coldwell Banker DFW’s Irving/Las Colinas office. For all the turbulence in the area, Calhoun says that with all of the new units poised for sale, and with many great attractions in the area, the area will likely only feel a blip on its collective radar. Besides that, it’s not like Valley Ranch is going to disappear, either.

“I don’t see it having a big affect on the market. I still think there’s going to be a lot of attraction to the area, to Las Colinas,” Calhoun said. He’s confident that people will still be drawn to the area’s excellent value and great location, with demand for luxury homes and condos continuing to remain brisk

“There’s a fair amount of luxury inventory — especially with the new Highland homes on Riverside in Las Colinas,” Calhoun said. Existing home inventory is low, with few people moving from the area, so Calhoun feels that with brisk traffic, more people are moving to Las Colinas than are leaving.

With the Byron Nelson and the Cowboys leaving, “it’ll slow down a little bit … but there’s still a fair amount of traffic,” Calhoun said.

Calhoun sounds pretty confident. What do you think?

 

 

 

Bernanke Fed

Interesting times for the Dallas real estate market as several neighborhoods are seeing homes sell fast for thousands more than they would have just 18 months ago. But with the Federal Reserve toying with interest rate changes, will next month’s forecast be far less optimistic than the June breakdown from Local Market Monitor?

“Low Risk” is how Local Market Monitor is characterizing our market when it comes to real estate investment. Home prices in the Dallas-Irving-Plano area are forecast to grow 4 percent in the next 12 months.

But could interest rate volatility put a damper on that growth? According to this piece by HousingWire, interest rates are on a dramatic upswing:

Mortgage rates are skyrocketing with one real estate firm reporting a 50-basis point hike for the 30-year, fixed-rate mortgage in just the past week.

That honor goes to Zillow, which released data showing that on Tuesday the 30-year, FRM hit 4.38%, up 50 basis points from seven days ago.

A week ago, the same mortgage rate came in at 3.88%, according to data from Zillow.

And Zillow ($56.30 0%) isn’t the only one reporting high rates. Last week’s Freddie Mac 30-year, FRM came in at 3.93%, while Bankrate data showed mortgage rates at 4.12%.

Yikes! I guess if you’ve sat around waiting to refinance or buy as interest rates bottomed out, you missed your window. Still, job growth and the expanding population of the Dallas area are keeping Realtors busy.