Ft Bend County Home for Sale Spotlight:
Every week a home will be analyzed and featured on this column in the Fort Bend County area. It will be strongly priced based on comparable data of the area and be an excellent deal overall.
This is a newer home located in prominent community of The Lakes of Bella Terra.
Practically new home for sale in The Lakes of Bella Terra, Richmond, TX, 77406 (near Westpark Tollway & Hwy 99 Grand Pkwy). This home was built in 2010 (and looks completely immaculate from the pictures). The home’s specs are: 5 Bed / 4 full baths at a total of 4143 sqft and a large lot of 9626 sqft. The home is listed at a great price of $314,900 / which equals a little over $76 per sqft.
The comparable sold properties in the neighborhood are between $78 – $155 per sqft… with the average around $110. If you consider the excellent condition of this house, then the price of $76 per square foot is the most competitive price in the community; if you look at the active and pending sales comps you will notice a climbing price range — with the average pending sales being $113 and the average of active listings being $120 . This home has the potential to be a high end investment property but only for investors who like to buy and temporarily hold for an improving market (not for flippers / long term renters). However, for a prospective buyer looking for gorgeous home in Bella Terra with some potential equity at closing, then this property is the one you you were seeking. The Lakes of Bella Terra is a newer development and master planned community and has shown steady / increasing home values since its inception.
To see the listing from HAR click here
Thanks for reading.. feel free to post or email any questions, arguments, or requests for more information on a specific topic or point.
Thanks & Keep Winning at Real Estate
Realtor at Keller Williams SW Houston
Sugar Land, TX
Notices and Disclosures:
Broker and its affiliates are real estate service entities. Any estimates of repairs, holding costs, sellers net profit, roi, etc. are for the convenience of real estate investors. Real estate investors are encouraged to verify all estimated numbers independently. For legal matters, lease to own options, tax advice, estate and business planning, and other matter beyond the scope of normal real estate transactions, please contact an attorney, cpa, appraiser, or certified financial adviser. Broker and its affiliates assume no liability either expressed or implied for the accuracy of any price opinions or estimates given.
The weekly home spotlight is based on market data of the posting date and thus is subject to change; prices, home values, available homes for sale, pending offers, and other factors which may change are determined on the seller and the market, and are deemed reliable but not guaranteed.
Posted on April 3, 2013 at 5:52 pm by Jaymes McKenzie