We know that University Park dirt is flying off the market faster than you can imagine, but we had no idea how high prices were inching up. There’s a lot of value in the neighborhood — dense, walkable, top-rated schools and a responsive local police department — but Kenneth Walters, a rising star inside Ebby Halliday Realtors, knows that the right home inside UP can fetch top dollar.
Kenneth represented 3821 Purdue, an adorable restored Tudor, and took a few moments from his hectic schedule to chat with us about this amazing home and his landmark sale!
CandysDirt.com: While this home is absolutely charming, were there any challenges that this sale presented that you haven’t otherwise encountered?
Kenneth Walters: Every transaction has its challenges. The primary objection for some buyers was the home’s size, which is about 2,000 square feet. Many potential buyers were looking at homes in excess of 3,000 square feet, but those were not finished out like Purdue.
CD: University Park has some highly sought-after dirt. Can you tell us what it was like having this home on the market for just 33 days?
Walters: Purdue had an offer before it ever went on the open market; so yes, we had multiple offers. My clients decided to list through the MLS and it paid off. Any property listed in the Fairway under $1 million is overwhelmed with showings. This property was special; you could feel the attention to detail that was taken to restore and renovate this 1930s Tudor.
CD: Of course, with great schools and fabulous amenities, UP is a popular destination for young families. What about this home attracted the buyers?
Walters: I think the historic charm and modern amenities of Purdue attracted the buyers. The home was meticulously renovated with top-quality materials found in multimillion-dollar estate properties around the Park Cities.
Location is the No. 1 reason why the Park Cities continues to be a good investment. The 3800 block of Purdue is isolated from the noise and traffic of Central Expressway and the North Dallas Tollway, and it offers a short commute to the Central Business District. Great schools and municipal services like University Park’s parks system and emergency services sweeten the deal.
CD: At $447 per square foot, this is a huge sale. Tell us how it feels to make such a significant sale as a rising star inside Ebby Halliday Realtors.
Walters: During the interview for the listing I found out that I was up against one of the top agents in the Park Cities. I was awarded the listing because of my comprehensive marketing plan, which included a direct-mail program, events for brokers and neighbors, a print campaign in top publications, and an emphasis on an online presence targeting young buyers. Being part of the No. 1 brokerage in Texas is also a major plus!
Setting a new standard in University Park is an amazing feeling of accomplishment. This is a great comparable for the market. I am really looking forward to the spring selling season!