Sales in this subdivision can be largely broken down as follows: 1)Older homes with few if any updates which are mainly worth lot value 2)Older homes which have been remodeled 3) New or recent construction.
According to information that I reviewed on Houston Association of REALTORS Multiple Listing Service, as of 5/8/2012 there are 9 single family residential homes on the market priced from $495,900 for a 3 bed/2 bath/ 2 car garage, 2067 sq. ft. home on a 9375 sq. ft. lot to $1,695,000 for a 2010 built, 4 bed/ 5.5 bath/ 2 car, 6362 sq. ft. home on a 9673 sq. ft. lot. The average asking price per square foot is $249.68. As of 5/8/2012, there are 14 homes under contract pending sale.
In April 2012, 3 sales closed with an average sales price per average sq. ft. of $180.42. The low sales price was $325,000 for a 3 bed/ 2.5 bath/ 2 car garage, 2808 sq. ft. home on a 11,203 sq. ft. lot. This home, located on N. Braeswood, sold for only $116 per sq. ft. The highest reported sales price was $843,000 for a 1995 built, 4090 sq. ft.,4 bed/ 3 full-2 half bath/ 2 car garage on a 8125 sq. ft. lot.
ZIP Code: 77025 Approximate Location Boundaries: See Characteristics section
Location Characteristics: Braes Heights is a Houston, Texas subdivision of mostly single family homes located inside the 610 Loop, west of the Texas Medical Center and south of West University and Southside Place. It's street boundaries are roughly Holcombe to the north, North Braeswood to the south, Stella Link to the west and Buffalo Speedway to the east. It is part of Braeswood Place which is composed of seven subdivisions: Ayshire, Braes Heights, Braes Oaks, Braes Manor, Braes Terrace,Emerald Forest, and Southern Oaks. It was built in the 1950s and is now mainly composed of the older ranch style homes and new construction homes. There has been much new construction in the last 10 years-mostly 2 story homes from 3200 to 5500 sq. ft.
Recent developments are a library, YMCA, Sheltering Arms senior citizens facility headquarters, McGovern Park ballfields for children, Helen's Park and Beal Park. Braes Heights is zoned to Mark Twain Elementary (newly built), Pershing Middle School(newly built) and Lamar High School. Children in Braes Heights are placed in the West University Little League. Braes Heights is part of the Braeswood Place Homeowners Association.
