Heights - River Oaks - Montrose | Nov. 2020

REAL ESTATE

Featured neighborhood

YEAROVERYEARMARKET DATA: SEPTEMBER 2020 The area posted strong housing market

DEARBORN PLACE, 77098 Dearborn Place is one of several small neighborhoods that make up the Montrose area. It has 72 single-family properties with a median build-out year of 1930. Dearborn Place was originally an area of bungalows, but over the years, townhomes and newer- construction single-family homes have emerged.

610

gains in September, with 25% more homes sold and median sales prices rising by an average of 25% year over year.

77008

45

10

77007

Homes on the market* 1 Median home value $400,000 Homes under contract 1 Average days on the market* 7 Median annual property taxes $9,686.32 Median price per square foot $250.63

77019

77027

77006

69

N

77046

77098

NUMBER OF HOMES SOLD

77006 77007 77008 77019 77027

77046 77098

Year

N

2019 2020

14

52

86

15

6

0

6

Median build-out year: 1930 Median square footage: 1,897 Schools: Poe Elementary School, Lanier Middle School, Lamar High School Property taxes (in dollars): Houston ISD 0.16591 Houston Community College 0.10026 HC Flood Control District 0.02792 Port of Houston Authority 0.01074 HC Department of Education 0.00500 Total (per $100 valuation) 2.42158 1.13670 0.56792 0.40713 City of Houston Harris County HC Hospital District

12

69

108

17

7

0

11

MEDIAN PRICE OF HOMES SOLD

WITHYEAROVERYEARPERCENTAGE CHANGE

2019

2020

77006 77007 77008 77019 77027

77046 77098

Sale price

$1.6M $1.8M $2M $1.4M $1.2M

+60.1%

+63.2%

+31.7%

$1M

*AS OF OCT. 1

17.1%

$800K $600K $400K

+4.9% +3.6%

NEIGHBORHOOD DATA PROVIDED BY JJ MOLAISON, MANAGER BETTER HOMES AND GARDENS REAL ESTATE GARY GREENE • 7139611722 WEST GRAY OFFICE • 1705 W. GRAY ST., STE. 200, HOUSTON, TX 77019 BELLAIRE OFFICE • 5909 WEST LOOP S., STE. 630, BELLAIRE, TX 77401

$0

Recently sold homes in the Heights-River Oaks-Montrose area

823 Rutland St., Houston 5 bed/3.5 bath

2406 Waugh Drive, Houston 3 bed/2.5 bath 2,534 sq. ft. Sold for $627,001-$717,000 on Sept. 18

916 Columbia St., Houston 4 bed/2.5 bath Sold for $1,242,001-$1,425,000 on Sept. 30

1610 Morse St., Houston 4 bed/4 bath

3,456 sq. ft.

3,191 sq. ft.

4,075 sq. ft.

Sold for $1,242,001-$1,425,000 on Sept. 23

Sold for $1,242,001-$1,425,000 on Sept. 25

HEIGHTS 1280 NELSON FALLS LN. | $575,000 713.961.1722

MONTROSE 1311 CASTLE COURT A | $859,000 713.961.1722

HIGHLAND VILLAGE/MIDLANE 2908 WEST LANE DRIVE B | $859,900 713.461.6800

Local offices in Post Oak and West Gray.

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