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re: Houston mansion with over $600k in improvements listed for only $799K
Posted on 4/15/24 at 7:57 am to hikingfan
Posted on 4/15/24 at 7:57 am to hikingfan
That general area had been in a 20 year downward spiral. From when that home was built in 1975 until probably 2005 that was a decent area to have an upper middle class home in. As a few have mentioned the encroaching bad elements have probably gotten just too close for comfort for some buyers. Problem is it is inevitable that area craters even further. Those that can are finding homes in areas far west, northwest and north of Houston. Houston is not alone with this problem. As many companies have now allowed hybrid work schedules many have decided that extra drive hours on fewer days of the week are worth living in what they consider much safer areas. Houston region neighborhood evolution either up or down are stark realities.
Posted on 4/15/24 at 5:54 pm to TygerDurden
I know a few people that live off Cypresswood across from what was the golf club. Similar homes prices about the same and very nice and safe neighborhood with executive level professionals. The house in the OP is a thoroughfare south so maybe it has a different clientele. Cypress wood was developed in the mid 1990s and I think Mattress Mack built a home there with like a 6 car garage.
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