Some familiar faces in Dallas real estate are hanging out a new shingle. As of April 1, Local Resident Realty, a new brokerage serving Dallas with a emphasis on Lake Highlands, opened its doors for business. The new venture pairs C+N+T Real Estate Group with the pickaperch team – a package that partner Amy Timmerman describes as, “Six Realtors for the price of one.”
The six, specifically, are C+N+T’s Glen Christy, Robin Norcross, Jason Thomas, and Nicole Thomas together with pickaperch’s Timmerman and Beth Arnold. After years of working together informally, the six got together and decided to “do something great together.”
Every Thursday, we bring you the CandysDirt Open Houses of the Week roundup. It’s your insider’s view of the market, and the open houses you just have to make that weekend.
This week, our five houses range in price from $329,900 to $949K. This is an exceptionally splendid group of houses, from the magazine-worthy Victorian pictured above, to the M-Streets Tudor with picturesque good looks. Let us know what you think of our choices, and if you know of any we should feature next week!
Neutrals can get a bad rap as boring and bland. But that’s not the case in our Thursday Three Hundred.
The cottage at 4917 Wateka Dr., near W. Lovers Lane and Inwood Road in the Greenway Village neighborhood, is a vision of cool neutrals and serene spaces. Everything about it looks relaxed, planned, and elegant.
It has two bedrooms, one bathroom, and 1,248 square feet on one story, built in 1946. In terms of location, this cottage has it nailed, just around the corner from Inwood Village, some of the best shopping and dining in Dallas. It’s also close to Love Field Airport and the Dallas North Tollway, making getting around a snap, too.
Our Thursday Three Hundred is a White Rock Forrest home with unmatchable views of trees and nature.
Located at 7640 Goforth Rd., this 3-2 has 1,928 square feet, built in 1956 and tastefully updated with modern amenities. As you can see from the map below, the great outdoors is at the doorstep of this home, including the White Rock Greenbelt, White Rock Creek Trail, White Rock Creek, and Flag Pole Hill Park.
It was listed March 9 by Amy Timmerman with Nathan Grace Real Estate for $389,900, and went under contract four days later! Wow!
Six years ago, Vickie Parker set her sights on changing the residential real estate landscape in North Texas.
With a professional background in hospitality and home building, Parker was an unlikely figure to blaze a trail in the industry, but she has done just that as President of Nathan Grace Real Estate.
“What I bring to the table is a different way of looking at the business,” Parker said.
Her fresh perspective has helped make Nathan Grace one of the fastest-growing brokerages in DFW. In April alone, agents representing $100 million in volume joined Nathan Grace.
“We are very quick and nimble and can open an office very quickly, and we doubled our number of agents in 2014,” Parker said. “That growth is great, but retention is more important—when people choose to join us, we take their business very seriously. Every single agent who has joined us, their business has increased.”
“Our business model is the traditional brokerage turned upside down—we are service providers.” Parker said.
“The agents are small business owners and we are a business services provider—we provide what they need to be successful, from branding and consulting, to brokerage services and business planning,” Parker said. “If this were a clothing boutique, we would be their personal shoppers.”
“Boutique” is a key concept for Nathan Grace. While doing business studies before opening shop, she looked at what was missing from the residential real estate market in North Texas and found there was a lack of these kinds of brokerages.
“Boutique to us means offering high-touch and high service to clients,” she said. “The common thread is that all our people have the heart of a servant—we look for agents who love to serve others, be it their community, peers, or clients.”
Let’s do some comparison shopping, shall we?
Let’s say you’re looking for a four-bedroom, three-bath home in Northeast Dallas, something in the greater Lake Highlands area. In the $275,000 range you’ve got some options, but the most similar ones would be 10211 Longmeadow in the L-Streets area and 11710 Farrar in Lochwood.
The home on Longmeadow is 2,252 square feet and has two living and two dining areas, as well as landscaped backyard and some key updates. It’s marketed by Nathan Grace Realtor Amy Timmerman of pickaperch.com for $273,500.
The Farrar house has 2,243 square feet, an updated kitchen and master, fresh paint, hardwoods, and some original vintage features. It has an upstairs addition that includes what could be an office, playroom, fourth bedroom, or media room. It’s marketed by Coldwell Banker Residential agent Nathan Kaul for $274,900.
Both homes look great from the curb, but there’s one key difference between them that you absolutely have to consider when buying in Northeast Dallas: The home in Lochwood is inside the Dallas ISD boundaries, while the L-Streets home is inside Richardson ISD.
Now, considering how similar these two homes are, you’d think the one with Lake Highlands schools at 10211 Longmeadow would have a higher value. This home has some beautiful updates in the bathrooms, with fresh tile and hardware. The backyard is a great size and has a storage shed — perfect for families who want to keep some toys out of sight and for storing lawn equipment.
However, consider that the kitchen feels somewhat isolated, there is carpet in the living and dining rooms, rather dated light fixtures throughout, and the existing furniture doesn’t really do anything to stage the property, I can see how, when compared against 11710 Farrar, they would be priced more closely.
Why? Because the Farrar home has updates that buyers are clamoring for, including refinished hardwood floors, neutral cool gray paint, and updated kitchen that is more open, thanks to the lack of upper cabinets near the breakfast area. The living areas feel more open and airy because the seller has opened the draperies, which are light colored. The rugs and furniture compliment the decor and have some vintage pizzaz. While the hall bath isn’t updated, the existing pink tile (a 1950s favorite for retro decor enthusiasts) complements the original wallpaper. It’s super cute and I’m sure a buyer will appreciate that it was preserved. I am rather disappointed, though, that the listing agent didn’t include pictures of the backyard.
Now, tell us, which home would you choose? The L-Streets home on Longmeadow that feels somewhat dated but is inside Richardson ISD boundaries? Or the Lochwood home on Farrar, which has some great updates and some vintage charm, but is inside Dallas ISD boundaries?