Roger Martin and Life in the Loop

 

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

 

March 20, 2014

2626 North Blvd #11 - SOLD near West University Place

2626 North Blvd #11 is an updated 2 story, 2 bedroom 2.5 bath home near West University Place and Rice Village.  

Property Information

  • Sale Price:  $235,000
  • House Size:  1,040 sq ft (per appraisal district)
  • Bedrooms: 2
  • Bathrooms: 2.5
  • Listed by Roger Martin
  • MLS #13057188

Features

  • Vaulted ceilings in living area and master bedroom
  • Wood-burning fireplace in living room
  • Granite kitchen with stainless sinks, microwave, and vent hood
  • Private rear patio
  • Two covered parking places.

>More Great West U Homes for Sale

 

March 12, 2014

6434 Mercer Street - SOLD in West University Place

6434 Mercer Street was built in 1938 and recrafted by the previous architect/owner who added an enormous oak-floored, two-story, light-filled great room.

Property Information

  • Sale Price:  945,000
  • House Size: 3,358 sq ft (per appraisal)
  • Lot Size: 8,120 sq ft (per appraisal district)
  • Bedrooms: 4 or 5
  • Bathrooms: 3 plus half bath in garage studio
  • Listed by Roger Martin
  • MLS # 5843539

Features

  • Leaded glass front door, hardwoods.
  • Island kitchen with granite counters, lime stone backsplash, all new stainless appliances,
  • Enormous two-story greatroom with sliding doors to the deck and oversized backyard.
  • Master suite with sunny sitting area, carpet, walk-in closet
  • En suite master bath with double sinks, jet tub, granite counters.
  • Generous first floor bedroom with two closets.  Could be second master
  • Cedar-paneled studio located above garage, with half bath

>More Great West U Homes for Sale

 

March 4, 2014

2908 Lafayette St - SOLD in West University Place

2908 Lafayette Street features 6 bedrooms plus a study and a media room.  The home has been extensively updated.

Property Information

  • Sale Price:  $885,000
  • House Size: 3,240 sq ft
  • Lot Size: 5,000 sq ft
  • Bedrooms: 6
  • Bathrooms: 3.5
  • Built: 1984
  • Listed by Roger Martin
  • MLS #70242054

Features

  • Premium finishes, including hardwoods, crown moldings, French doors, bay window.
  • Kitchen w/ slate counters, copper vent hood, copper pot rack & copper accents.  Stainless appliances, glass front cabinets.
  • Wood/gas fireplace.
  • Covered porch and courtyard floored with Saltillo tile.  Xeriscaped yard for low maintenance.
  • Master suite w/vaulted ceiling, jet tub, marble tile floors, double sinks.
  • Upgrades include:  Fresh paint, new solid oak floors, Hardi Plank exterior, Anderson windows, Viking gas cooktop.  Recent roof and A/C

>More Great West U Homes for Sale

 

Feb. 28, 2014

New Gardens in Hermann Park - Opening 2014

Garden Mount at McGovern Centennial Gardens in Hermann ParkI am looking forward to the completion of these new gardens in Hermann Park.  The most interesting design element is this “Garden Mount”, which can be seen from the Museum of Natural Science.  A handicap-accessible ramp spirals up to the top of the mount, from which we will be able to view and appreciate all 15 acres of the McGovern Centennial Gardens.  The new gardens will still have the rose gardens for which this park is known, and will add a woodland garden, a celebration garden, and an international sculpture promenade.  A water cascade will run from the top of the mount to a reflection pond.  To teach children about gardening and healthy eating, an interactive family garden will provide fruit, vegetable and herb beds.  We Houstonians really love our green space, so here’s hoping the kids will be able to (literally) roll up their sleeves and get their hands dirty!

The new McGovern Centennial Gardens mark the one hundredth anniversary of Hermann Park.  The re-opening of the gardens is planned for Saturday, October 18, 2014.  Hermann Park (and the new gardens) are located 3.55 miles from downtown West University Place.

 

Feb. 14, 2014

4005 Browning St - LEASED in West University Place

 

4005 Browning St is three- story stucco townhome located in West University Place.  The home is zoned to West University Elementary School, and has a two-car attached garage.

Property Information

  • Leased for:  $3,900
  • House Size:  2710 sq ft
  • Lot Size:  2363 sq ft
  • Bedrooms: 3 or 4
  • Bathrooms: 3.5
  • Garage:  2 Car Attached
  • Listed by Roger Martin
  • MLS #49337532

Features

  • First floor living area w/ gas log fireplace
  • Three bedrooms and two baths on second floor.  Master has coved ceiling and cedar closet.
  • Third floor gameroom, study or fourth bedroom, with full bath
  • Leaded front door, hardwoods, high ceilings, and crown moldings
  • Backyard with deck and spa
  • Wash, Dryer, and Refrigerator all included.
  • Access to West U Tennis Courts, Pools, Parks & Rec Facility

>More Great West U Homes for Sale

 

Jan. 25, 2014

3028 Rice Blvd - SOLD in West University Place

Sold Price

  • Sold as a tear-down for $635,000, which equals $120.00 per sq ft for the lot.

 Property Information

  • House Size:  1,820 sq ft
  • Lot Size:  5,300 sq ft
  • Bedrooms: 3
  • Bathrooms: 1 Full, 1 Half
  • Built: 1936
  • Listed by Roger Martin
  • MLS #82195314

Features

  • Original West U home
  • Hardwood floors
  • Large windows
  • Two-car garage with upstairs storage
  • Zoned to West U, Pershing and Lamar schools

>More Great West U Homes for Sale