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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.

DSC_9322 copy4x6 300dpiKenneth 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.

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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.

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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!

Love this house! Signs that we are having a little bubble blip here, this is a SPEC home my dear readers! Not yet even on the market, or just went on, I know they just swifter-ed the floors. If you are seeking a brand-new construction in University Park by a quality builder, look no further than 3129 Purdue. Hawkins-Welwood just finished this 5456 (I think) square foot smooth, soft traditional with a touch of contempo charm. (LOVE the light fixtures and hardware.) Beautiful tidy .22 acre lot on Purdue just east of Hillcrest, but not crammed at the Central end. You get a beautiful downstairs with living/dining split by the center foyer, family and kitchen ahead. The living room has one of those large closet office deals off it, with built-in desks and drawers, which could be a hidden office. Every house needs one of these. When I see a neat office, I see an office that is never used or the owner has just popped some speed to clean it up. Ben Coats, who is working with John Hawkins, tells me this way, the room can be a formal living room or a formal office — the real work will be done in this nook. You’ve got a great kitchen and patio with fireplace. Upstairs, a bonus or game room over the two car garage, four bedrooms including a knock out master, and very large laundry. I have asked for the recipe for these dark wood floors, just yummy. I like the spacious hall surrounding the main staircase (there are two staircases) and the hall skylights. There is a bedroom to the right of the master that could be used as an upstairs office, or to expand the master, or a nursery. I am a bit upset there is not one bedroom on the first level, as you need it whether for elderly parents or an injured child. When my son broke his leg in kindergarten, I vowed to have a downstairs bedroom and full bath in my next house as I lugged him up the stairs, cast and all. And that house, R.I.P., had steps all over the place, including a one-step down in the kitchen that was tile. That no one broke a limb or tooth on that is a miracle. But I digress: Ben assures me there is room for an elevator in this home to scoot your injured fanny upstairs, so lack of a downstairs boudoir is moot.    These photos, by the way, are from a great firm called Shoot to Sell. I’ve promised Richard credit for his photos and sometimes I forget. (The guy is an effing genius!)

So there, Monday Morning Millionaire for less than $2 million: Ben told me $1,999,999 or somewhere therein. Really worth a look/see.