Alger Park MidcenturyA brand-new listing caught my eye this week, an adorable Midcentury Modern in East Dallas’ Alger Park. The house at 9832 Mercer Dr. has lots of original details from its 1952 construction, like a stacked stone fireplace, Terrazzo floors, retro kitchen, and vintage tiled bathrooms.

With its open floorplan, two bedrooms, and 1.5 bathrooms, this home feels more spacious than its 1,544 square feet. A wall of windows along the back of the house looks out onto a heavily treed, landscaped backyard. A small covered patio and lots of grass provide great space for relaxation or entertaining.

There’s a broker open house tomorrow from 10 a.m. to noon for this house, listed last week by Cortney Bailey at Briggs Freeman Sotheby’s International Realty for $259,000. Better move fast if you’re interested—properties in this great neighborhood move quickly!

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9562 Ash Creek Front

In 2005, when Michael and Ashley Morris bought the home on the 0.82 acre lot at 9562 Ash Creek, legend had it that the small home on the lot was once an underground gambling house that was a favorite of Yankees slugger Mickey Mantle. “Apparently, it was one of his luckier spots in town,” said listing agent Brandon Stewart.

The home was torn down and the Morris family got to work with master architect Truett Roberts designing their dream home, while still maintaining the attractiveness of the wooded, creek-side lot. The design they settled on was one that was a mass of rectangles, using different textures to sheathe the second and first floors, and using the home as somewhat of a visual barrier to the backyard.

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9930 Cloister Front

I was telling my husband about this house at 9930 Cloister last week. We drive by it every single day because it’s at the corner of Cloister and Peavy, a street well-trafficked by anyone who lives on our side of White Rock Lake.

This home is rare bird because while some important updates have been done, the kitchen and hall bath are time warps back to 1956, which was when this cute two-bedroom, two-bath home was built. Pam over at Retro Renovation will adore these two rooms, which have original tile and cabinetry, a big plus for any 1950s aficionado, and the bathroom has the original pink tile and a double-sink vanity.

“Maybe we should buy it?” my husband asked, half joking.

“Well, let’s see if it’s still on the market …” I responded, which caused my husband’s mouth to fall open.

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9754 Ash creek front

Rarely do we find a house in the $200K range that is just a perfect home. A home so cute and sweet that, try as hard as we might, we can’t find anything that really turns us off about this cute little East Dallas cottage, and that’s a mighty big feat!

Let’s talk location, first. This house is inside a highly sought-after neighborhood called Alger Park/Ash Creek that has great 1950s-era homes, many of which are being updated by owners. It’s very quiet as there really aren’t many through-streets, and if you’re lucky, you can find a property that backs up to a creek!

9754 Ash Creek Living 9754 Ash creek Living 2

While 9754 Ash Creek doesn’t have a creek view, it does have the cutest little pool in the backyard, tons of covered parking, and is fully updated inside. This adorable three-bedroom, two-bath home is marketed by Ebby Halliday Realtor Steve Davies for $220,000. It’s a good price, considering that this home is move-in ready with a pool!

9754 Ash Creek Kitchen 9754 Ash creek Dining

With 1,416 square feet and tons of outdoor space for entertaining crowds of folks, you’ll feel like this modestly sized home is still a great bargain. That has a lot to do with the way the sellers have opened up the space, removing walls separating the dining area and the kitchen. It’s a great size for a small family, or a couple who wants to have room for guests and an office.

9754 Ash Creek Bedroom 9754 Ash Creek bath

Well, there is just one nit we have to pick, and that’s the placement of the second sink in the master bathroom. It’s in such a strange spot that there’s no way you can hang a mirror in front of it. Honestly, I would have gone a different route to add a second sink, or gone without one.

9754 Ash Creek Patio

 

9754 Ash creek pool

The backyard makes up for that faux pas, though, with a sizable lawn, great covered patio, and adorable little pool that is just perfect for a dip when the heat of the summer starts to get to you. What do you love about our Tuesday Two Hundred?

2515 Peavy Front

Here’s another installment in our every-so-often series of homes that look better than their photographs. That’s at least what I think of 2515 Peavy Road, a three-bedroom, two-bath traditional in a very hot area of East Dallas called Alger Park/Ash Creek.

This very tidy and well-maintained traditional is just what the doctor ordered for first-time homebuyers who want a great investment. The sellers have done some upgrading of their own, leaving no trace of the multi-colored Dal-Tile in either of the bathrooms — a feature so prevalent it deserves its own decor dissection.

2515 Peavy Fireplace

What you won’t see in this listing is a good photo that really encapsulates the way this house shows. Most of the photos are taken at odd angles, not showing you the layout of either bathrooms, the living room, or where they are in relation to one another. It’s like watching the highlight reel from a spectacular World Series game — you get the gist of what happened, but it would be way better in context.

2515 Peavy Kitchen

So yes, we see the cool exposed brick wall that houses a gas fireplace, but where is that in relation to the living areas and the dining room? And yes, we see that there are marble floors and shower surround in one of the bathrooms, but is it in the master suite, or is it across from the vanity? This is one of those missed opportunities for a professional photographer and some serious staging to really show off this home.

2515 Peavy Shower

Still, it’s a great deal for an area that is seeing a surge in values. It’s listed for a recently reduced $199,900 by Michael Schmidt of White Rock Lake Real Estate. Besides having gorgeous wood floors, a great little galley kitchen with granite counters, and a wonderful covered rear porch, it has new windows, tons of closets, and an oversized two-car garage.

I just wish you could get the whole picture of what this home offers in the photos.

2515 Peavy Porch

You remember that adorable three-bedroom at 926 Peavy that Candy loved so much? Well, it sold in a matter of days, just like we said it would. If you feel like you missed out on a great home in a HOT neighborhood, well, homes in the Lake Park Estates area and nearby Ash Creek/Alger Park neighborhood are coming on the market every day.

“Definitely a good forecast for those homes in our area to continue a steady climb upward as we now head into the new year,” said Ebby Halliday Realtors’ Edwina Dye. ” Who would have thought a year ago we would be listing  pre-owned homes facing Peavy Road east of Alger Park for over $347,000?  I have a listing on Peavy that is contract pending, been appraised and due to close in January 2013.”

Dye, who is an expert in all things East Dallas and specializes in the White Rock Lake area, is very optimistic about the enclaves that surround the lake. For good reason, too.

“I recently sold a renovated home in Alger Park that we listed for $254,900. Received multiple offers in two days of listing, sold and appraised for over list price!” Dye said.

Still, some homeowners could be missing the boat on the comparables. According to Dye, several sellers and agents are listing homes much too low. ” This can prove harmful for our appraisals in the 2013 spring market,” she added.

There are lots of great homes on the market in this area, especially this week’s Tuesday $200,000 at 821 Peavy, which is  brand new inside and out. With these outstanding homes on the market in a great, affordable and upwardly mobile neighborhood that feeds into an award-winning elementary school, it’s a sellers market in this enclave of East Dallas!

“I feel as listing agents we have to really believe in our market areas and understand we are once again seeing a sellers market emerging where we may have multiple offers and that our listings can possibly appraise for over list price,” Dye said. “But we can’t be shy about these indicators we are seeing. If we as listing agents can’t be bold enough to believe in a strong sellers market how can we expect anyone else to?”