Roger Martin and Life in the Loop

 

July 18, 2014

4115 Ruskin Street - SOLD in West University Place

4115 Ruskin is a charming traditional home located in West University. Zoned to West University Elementary, this well landscaped home is near both Colonial Park and the West University Recreation Center

Property Information

  • Sold For: $1,030,017
  • House Size: 3,344 sq ft
  • Lot Size: 6,000 sq ft
  • Bedrooms: 4
  • Bathrooms: 3 Full, 1 Half
  • Listed by Cynthia Candela
  • MLS # 9752314

Features

  • White oak hardwood flooring.
  • Plantation shutters and crown moldings.
  • Kitchen with butler's pantry, granite counters, built-in glass shelving, stainless steel appliances, and a breakfast bar overlooking the den.
  • Formal living and dining rooms.
  • Charming backyard with a stained wood deck.
  • Spacious master bedroom with a flexible nook suited for a reading, work, or sitting area, two large, over-sized closets, master bathroom with granite counter, stone sinks, large shower, bathtub, and additional walk-in closet.

>More Great West U Homes for Sale

 

July 16, 2014

3627 Maroneal - LEASED in Braeswood Place!

3627 Maroneal Street is a large, well-maintained five bedroom home located in Braes Heights! It has features such as a downstairs master bedroom, a gourmet kitchen, a beautiful pool, and a summer kitchen, and is near the Medical Center, downtown, and Rice Village.

Property Information

  • LEASED FOR: $6,250/month
  • House Size: 4,556 sq ft
  • Lot Size: 7,957 sq ft
  • Bedrooms: 5
  • Bathrooms: 3 Full, 1 Half
  • Listed by Roger Martin
  • MLS #16543269

Features

  • Downstairs master bedroom with four bedrooms and a game room upstairs.
  • Gourmet kitchen with granite counters, professional appliances, and a breakfast bar.
  • Large kitchen, den and breakfast room all combine for comfortable family living and entertaining.
  • Hardwood flooring.
  • Formal living and dining room located off the entry.
  • High ceilings with crown moldings.
  • Neutral colors.
  • Beautiful pool and summer kitchen.

>More Great Braes Heights Homes for Sale

 

July 11, 2014

705 Main #207 - LEASED in Downtown Houston

705 Main Street, Unit 207 is a fabulous one bedroom, one bath condo located in the heart of Downtown Houston overlooking Capitol Street. With shopping, restaurants, and the Metro Light Rail just outside, this cozy home is perfect for downtown living!

Property Information

  • House Size: 1,375 sq ft
  • Bedrooms: 1
  • Bathrooms: 1
  • Listed by Roger Martin
  • MLS #88323510
  • Leased for: $1,895 per month

Features

  • Stained concrete flooring in entry, bedroom, and bath.
  • Master Bedroom and Bath with granite counters and jet tub.
  • Spacious open living room and kitchen with floor to ceiling windows.
  • Granite-countered kitchen with breakfast bar, stainless steel appliances, and stained cabinets.
  • High ceilings with exposed ductwork.

>Search West U Homes for Sale

 

July 7, 2014

2314 Dorrington #D - SOLD in Museum District

2314 Dorrington is a beautiful townhome located close to the Medical Center and Rice Village. Featuring second floor living, this home has hardwood flooring, high ceilings, tasteful neutral colors, and more!

Property Information

  • Sold For: $493,800
  • House Size: 2,597 sq ft
  • Lot Size: 1,833 sq ft
  • Bedrooms: 3
  • Bathrooms: 3 Full, 1 Half
  • Listed by Roger Martin
  • MLS # 70869245

Features

  • Second floor living highlighted by hardwood flooring, crown molding, high ceilings, and neutral paint.
  • Granite-topped kitchen with a glass and tile backsplash, stainless steel appliances, and plentiful counters and cabinets.
  • Spacious living room with a wet bar, wine refrigerator, built-in shelving, and French doors to the balcony.
  • Oversized third-floor master suite with a beautiful master bathroom.
  • Third bedroom located on third floor has its own full bathroom.
  • Zoned to Roberts Elementary, Pershing Middle School, and Lamar High School.

>More Great Museum District Homes for Sale

 

July 2, 2014

5404 Huisache - SOLD near Bellaire TX

 5404 Huisache is a beautiful soft contemporary home built for flexible living. This home features a formal living and dining room, as well as a downstairs master bedroom with rich, deep hardwood floors, a marble-topped bath, and an adjoining study.

Property Information

  • SOLD FOR: $765,000
  • House Size: 3,062 sq ft
  • Lot Size: 7,965 sq ft
  • Bedrooms: 3 or 4
  • Bathrooms: 2 Full, 1 Half
  • Listed by Roger Martin
  • MLS #27521192

Features

  • Formal living and dining rooms.
  • Downstairs master bedroom with rich, deep hardwood floors, a marble-topped master bathroom, and an adjoining study.
  • Two-story living room with wall of windows for keeping the home well-lit by natural light.
  • Granite island kitchen with stainless steel appliances. Breakfast bar with adjoining breakfast room.
  • Two or three upstairs bedrooms, with one currently used as a game room.
  • Zoned to Bellaire High School, Pershing Middle School, and Condit Elementary.
  • Close to Episcopal High School, the Medical Center, the Galleria, and Downtown Houston.

>More Great Bellaire Homes for Sale

 

July 1, 2014

4119 Childress - SOLD in West University Area

Built in 1990, 4119 Childress is an exquisite home located in the West University Area. This warm, welcoming home features natural lighting, hardwood and slate flooring, large living spaces and more.

Property Information

  • Sold For: $615,000
  • House Size: 2,249 sq ft
  • Lot Size: 5,253 sq ft
  • Bedrooms: 3
  • Bathrooms: 2 Full, 1 Half
  • Listed by Dede Aronack
  • MLS #59541264

Features

  • Natural lighting accentuates large living spaces.
  • Spacious Cook's Kitchen with fantastic view of the pool and patio areas.
  • Master suite with updated Master Bathroom and two walk-in closets.
  • Second floor open study. Space could also serve as a game or media room.
  • Hardwood and slate floors.

>See More Great West University Place Homes

 

May 30, 2014

4375 North MacGregor Way - SOLD in University Oaks

4375 North MacGregor Way is a charming, updated 1950's home.  Originally built in 1954, this home features hardwood flooring, crown molding, banquet sized rooms, and floor to ceiling rooms, as well as a backyard fruit orchard.

>See Photos, Maps and List Price

Property Information

  • SOLD PRICE:  $574,000
  • House Size: 5,182 sq ft
  • Lot Size: 16,050 sq ft
  • Bedrooms: 5
  • Bathrooms: 4 Full, 1 Half
  • Listed by Roger Martin
  • MLS #16468445

Features

  • Two car garage with a two car carport.
  • Hardwood floors, crown molding, floor-to-ceiling windows.
  • Massive, banquet-sized rooms.
  • Granite island kitchen with gas range and double ovens, buffet sidebar with glass front cabinets. Opens to the breakfast room.
  • Two downstairs master bedroom suites.
  • Game room with wet bar, full bathroom.
  • Huge lot with its own small fruit orchard.
  • Separate attached cottage.
  • Located on the Braes Bayou Hike and Bike Trail

>See Great West U Homes for Sale

 

May 28, 2014

No "Funny Money" in Houston Real Estate

Bubble Gum

Many thanks to Chris Tomlinson of the Houston Chronicle, who quoted me in his recent commentary: "How to Spot a Real Estate Bubble, or Why I'm Comfortable Buying".  Chris raised the issue of whether we are currently experiencing a speculative real estate bubble.  My own personal definition of Bubble Craziness is the appearance of "funny money" in real estate loans.  You know what I mean -- those too-good-to-be-true loan terms that encourage folks to purchase more than they can really afford. These loan products are a real harbinger of a hyper-inflated market, but we don't have them right now.  Currently, Houston is experiencing a true sellers’ market, where there is not enough inventory to satisfy demand.  But so far we have avoided the worst abuses of a bubble market.

I met Chris at the recent lecture by economist Robert Gilmer from the Institute of Regional Forecasting at the Bauer School of Business, University of Houston.  Dr. Gilmer (always one of my favorite speakers) reports that there are four main driving engines of the Houston economy - petrochemicals, medicine, shipping, and the space industry.  Right now, our economy is hitting on all four cylinders.  The resulting labor market is adding 10,000 jobs to our city every month.  

And they all have to live somewhere... which takes us back to that tight housing market.  We need every one of the new homes currently under construction, because it looks like housing is going to be scarce for quite a while.  And as a city, we need to consider the effect of all this growth on the rest of our infrastructure.  In other words, if you think our traffic congestion is getting worse - you're right!  Remember that out-of-control growth is a classic definition of cancer.  So avoiding a potential real estate bubble is only the first hurdle Houston must overcome in the coming years.

Roger Martin

May 22, 2014

2924 Rice Boulevard - SOLD in West University Place

2924 Rice Boulevard is a traditional 1940's home on a corner lot.  One family has already grown, matured, and retired in this home - now the cycle begins again! This home needs extensive remodeling and repairs. The lot is 55' x 106' and is located at the corner of Belmont and Rice Boulevard. Located a short walk from Rice Village downtown West U and Wier (aka Sunset) Park, with easy access to Rice University, the Texas Medical Center, and Downtown.

Property Information

  • SOLD PRICE:  $750,000
  • House Size: 1,650 sq ft
  • Lot Size: 5,830 sq ft
  • Bedrooms: 3
  • Bathrooms: 1
  • Listed by Roger Martin
  • MLS # 85108349

Features

  • Needs extensive remodeling and repairs.
  • Nice room sizes and closets.
  • Seller will make no repairs.
  • Great location near Rice Village, downtown West U, Wier (Sunset) Park
  • Zoned to West University Elementary School
  • Easy access to Rice University, the Texas Medical Center, and downtown Houston.

>More Great West U Homes for Sale

March 26, 2014

3203 E Wentworth Street - SOLD near the Texas Medical Center

 

3203 Wentworth Street is a beautiful traditional home near downtown and the Museum District.  It is an easy bike ride to the Texas Medical Center from the hike and bike trail behind the home.  The newly-built Lockhart Elementary School is just a short walk away.

Property Information

  • Sold Price:  $430,000
  • House Size: 3,012 sq ft (per Appraisal District)
  • Lot Size: 7,687 sq ft (per Appraisal District)
  • Bedrooms: 4
  • Bathrooms: 3.5
  • Listed by Cynthia Candela
  • MLS #22664364

Features

  • Open floor plan with high, vaulted ceilings.
  • Neutral colors, architectural arches, crown moldings, oild-bronze fixtures, and wide-plank hardwoods throughout.
  • Bay windows, gaslog fireplace.
  • Island kitchen with black granite, stainless appliances, walk-in pantry, and breakfast bar.
  • Spiral stair with wrought-iron balusters.
  • Master suite with tray ceiling, sitting area, granite counters, separate frameless shower, jet tub.
  • Wrought-iron gate to large cul-de-sac lot with oaks and fruit trees.  Porte-Cochere.  Upstairs covered pavilion.
  • Bike trail to Med Center and easy access to downtown.  Short walk to the newly-built Lockhart Elementary.

>See Great West U Homes for Sale