Many folks think condos and townhomes are like po-tay-toe and po-tah-toe. They’re pretty much the same. When actually, they’re more like potato and tomato.

Just because the property sits on the ground and looks like an attached house, doesn’t make it a townhouse. And a condominium doesn’t always look like an apartment. There are condos that look like townhomes and vice versa. The appearance or physical description is not a true verification of the type of property. 

Townhouses and condominiums have subtle but distinct differences. The defining characteristic of a property type lies in the ownership, rather than the design. What you own, what you are responsible for maintaining, and what spaces you must share differentiates condos from townhomes.

Both types of properties are attached to another residence and are part of a larger property with shared or community spaces. They both have homeowners associations with dues assessed to owners. While there is a legal definition for each, allow me to add the stipulation that these characteristics are “typical and usual.” There are always a few communities that like to create their own unique ownership rules, restrictions, and covenants.

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Photos: Shoot2Sell

Welcome to the Tarrant County edition of Tuesday Two Hundred!  Today we are going to focus on Cowtown. For those who don’t know, “Cowtown” is Fort Worth, and that’s where you’ll find Unit #201 and Unit #301 inside the Museum Place Condominiums at 3300 at West 7th Street, priced at $282,900 and $279,900, respectively.

Yes that’s right, two spacious, 1,700-square-foot condominiums in the heart of Fort Worth’s West Side, where residents can walk to a variety of shops, world-class museums, restaurants, entertainment establishments, exercise venues, businesses, and so much more — for under $300,000!

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Oak Lawn townhome

These days, it’s pretty common to spot a great listing and watch it go under contract faster than you can say, “Jeeves, fetch me a Realtor!”

So when I spot an Oak Lawn townhome like the one at 3316 Hawthorne Ave. #3316, which has been on the market for 160 days, I have to scratch my head. It looks magazine-worthy, has over 2,000 square feet, and is located in a highly desirable neighborhood. So what gives?

This unit, in the Park Place Townhomes, is 2,025 square feet, with two bedrooms, two bathrooms, three stories, a custom kitchen, plaster walls, private courtyard, hardwood floors, a private elevator, and oh, so much more. It is listed by Chris Pyle at Dave Perry-Miller Real Estate for $394,900, or $194 per square foot.

Oak Lawn townhome

Looking at the neighborhood comparables, it’s on the high end—others sold for $131, $138, $167, and $184 per square foot. But another unit in the same Park Place Townhomes sold for a dollar more per square foot in December, and it has only 1,149 square feet.

Could it be the school district? This townhome is located in DISD, and nearby comparable properties located in Highland Park ISD sold for $197 to $254 per square foot. But the unit that sold for a dollar more per square foot is also in DISD. So the jury is out on that factor.

Mandatory monthly HOA fees of $1,117 are on the hefty side, and do not appear to include utilities, so that is a potential issue that might be dissuading buyers. But it’s not an unheard-of amount for this area.

Let’s take a look inside and you tell us your opinion on today’s Thursday Three Hundred.

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1505 Elm

There’s a new downtown property on the market that’s got the kind of luxury amenities you usually see on Turtle Creek, but for under $300K: a sixth-floor corner unit on Elm Street at North Akard with a stellar view, modern interior, and prime location.

The condo at 1505 Elm St. #604 is pretty much everything I imagine people desire in a downtown Dallas address: big, open floorplans; high-end appliances; awesome amenities; and easy access a DART light rail station across the street.

This 1-1.5 with a study is 1,482 square feet, listed by Gregory Iker at Dave Perry-Miller Real Estate for $235,000.

1505 Elm Y

Dallas architect George Dahl designed 1505 Elm, which was constructed in 1957 and served as Dallas Federal Savings bank for years before being abandoned. In 2002, it was part of the first wave of residential redevelopment in downtown Dallas, bringing 68 units to the market.

They didn’t cut corners in this building: it has an incredible level of amenities, which helps explain the whopping HOA fees of $1,001 per month. But those fees earn access to a 24-hour concierge, valet parking for residents and guests, a pool, sauna, private dog run, fitness center, Moroccan-style party room with billiard table and caterer’s kitchen, three high-speed elevators, and a super cool former bank vault that is now a wine cellar with a large dining table and individual wine lockers for residents. There’s even access to downtown tunnel system through lobby.

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Dear Party People,

You know who you are. You’re the person who lives for Friday. You’ve got weekend plans solidified and RSVP’d weeks in advance. Your bar only has a top shelf. You have an iPod that has playlists for pretty much any occasion you or Martha Stewart could dream up. You have a cocktail repertoire even the most seasoned mixologist can envy.

And now you can have a b*tchin’ pad to match your soiree style.

You see, this amazing condo inside the 588 Lofts building was made for you. It has a kitchen that is so well-appointed that you’ll want for nothing, and if it turns out you do want for something, you can just mosey on upstairs and hit up the bar in the loft area. That’s right. TWO BARS.

Kitchen 588 Bar Space 588

And with two bedrooms, two and a half baths, and more than 2,400 square feet, you can entertain pretty much any crowd. This condo was completely updated and remodeled in 2006 to add some pretty genius features, including bamboo flooring throughout, wiring for whole-home entertainment, and two urinals (!) because no one wants to wait for the john, amiright?

First Floor 588 Second Floor View

There’s also a great little patio in this unit, a wonderful place to catch a breather when your throng of admirers becomes too much. And you know it will be. But you’ll be able to break up the crowd easily considering the two floors inside this ample unit. And you won’t have to worry about people getting lost on their way to your place because you’re on the first floor in Unit 125 after all.

Patio 588

And get this — you can score the perfect party pad inside this highly sought-after building for just $520,000. You’re welcome.

Sincerely,

Jo and the CandysDirt.com team

 

PS: YOU BETTER INVITE US TO YOUR HOUSEWARMING, OK?

Master Bedroom 588 Master bath 588 Second Floor View

Lake Cliff Tower Outside

Lake Cliff Tower is a high-rise condo building that rarely has units up for rent. If you’re looking for a low-maintenance loft lifestyle close to everything that’s happening in Oak Cliff, well, this one is just perfect.

Lake Cliff Tower Kitchen

Represented by Jason Lucas and our friends at LocalDwelling.com, this one-bedroom, one-bath condo is up for rent for $1,100 a month. There’s a stackable washer and dryer in-unit, as well as plenty of storage. The kitchen features stainless steel appliances and granite counters, which go well with the open ceilings and concrete floors. There’s plenty of room to hang your bicycle in between jaunts around North Oak Cliff, too.

Lake Cliff Tower Living

This second-floor condo totals just over 1,000 square feet and has plenty of room for both dining and living space. With some creative use of furniture, you could do a lot with this unit. I also love that the current resident has eschewed window dressings. Considering that Lake Cliff Tower is the tallest building around, you don’t really need them.

Lake Cliff Tower Dining

Amenities include assigned parking, a pool, an outdoor patio, and a wine cellar. Unit 202 will be available next week, and if you’re looking for a cozy loft that’s perfect for a single move and shaker who wants to be in the thick of things, this condo is it!

Lake Cliff Tower Bedroom

Lake Cliff Tower Bath

Lake Cliff Tower Outside

Lake Cliff Tower is a high-rise condo building that rarely has units up for rent. If you’re looking for a low-maintenance loft lifestyle close to everything that’s happening in Oak Cliff, well, this one is just perfect.

Lake Cliff Tower Kitchen

Represented by Jason Lucas and our friends at LocalDwelling.com, this one-bedroom, one-bath condo is up for rent for $1,100 a month. There’s a stackable washer and dryer in-unit, as well as plenty of storage. The kitchen features stainless steel appliances and granite counters, which go well with the open ceilings and concrete floors. There’s plenty of room to hang your bicycle in between jaunts around North Oak Cliff, too.

Lake Cliff Tower Living

This second-floor condo totals just over 1,000 square feet and has plenty of room for both dining and living space. With some creative use of furniture, you could do a lot with this unit. I also love that the current resident has eschewed window dressings. Considering that Lake Cliff Tower is the tallest building around, you don’t really need them.

Lake Cliff Tower Dining

Amenities include assigned parking, a pool, an outdoor patio, and a wine cellar. Unit 202 will be available next week, and if you’re looking for a cozy loft that’s perfect for a single move and shaker who wants to be in the thick of things, this condo is it!

Lake Cliff Tower Bedroom

Lake Cliff Tower Bath

1505 Elm plateSometimes you just want to go downtown and live that sleek, clean, grown-up style, but not really sure you want to plunk your equity down on condo just yet.

This is what so many of my friends, young and old (like me!) are doing: renting a really great condo to test the urban lifestyle. I’m looking at you, Alicia Trevino! I don’t know about you, but I even feel THINNER when I’m downtown.

Local Dwelling has a rare 3 bedroom luxury residence in the uber boutique-y 1505 Elm Street. Rent is ONLY $2650 a month, one pet allowed. You get 2650 square feet, not one but two master suites, which makes for a most comfy guest room. Picture perfect windows everywhere, a third bedroom that would make a great second living area or office, a great gourmet 1505 Elm Kitchenkitchen with the requisite granite, stainless, gourmet appliances all open to the dining area with something I must have in my next house: a fireplace in the dining room. I saw one over on Lloyd Valley this weekend and am just in love. Makes so much sense to have a crackling fire by the table when you dine!  This condo even has a powder room for guests, so when you have those big parties you won’t have to sanitize your potty at 3 a.m. And have parties you will because you are DOWNTOW! I don’t have to tell you how convenient — ditch your car and walk to the Nasher, the Arts District, West End, or “DART-IT” anywhere else. This is a true test of whether you ought to take advantage of that two year investment back guarantee over at Museum Tower…

Now here’s a little mind game: just how much would this place cost in the Big Apple?1505 Elm #703 pool 1505 Elm #503 1505 Elm ext