Home Buying in 75013>Question Details

Moving2tx, Home Buyer in 75013

Shaddock park in Allen, TX. Whay has it not taken off?

Asked by Moving2tx, 75013 Sun Jul 26, 2009

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Well, over the last 12 months, according to our MLS (NTREIS), the average "sold" price in Shaddock Park was $604,715.00 and the average days on the market was 86 days. Please contact me anytime if you need more info on the Allen, TX real estate market.
1 vote Thank Flag Link Thu Nov 20, 2014
Hi Moving,

Shaddock Park is just one of several communities that were hit hard by a combination of to much builder inventory, loss of reserves or down payment funds in the shrinking stock market, buyers concerned about keeping their jobs, tightening of lender restrictions and the general economy.

However, Shaddock Park has lots of foreclosed builder inventory if you don't mind not having a builder to go back to for new home fixes. Sotherby was a good builder. They just were overextended in the luxury market and had a parent company to disappear into. These homes have 1/3 acre lots which is large for many area developments. There are some good deals here but with several foreclosures, new construction sales and lots of vacant lots, your investment will be competing with that market for a while in this subdivision. This is a good opportunity, but if you get transferred every year or two, it may not be the best investment. If you are looking at a longer investment, then this may be the right time and the right place.

Shaddock Park has great access to 121 and HWY 75. It is just a few minutes from new shopping centers at Stacy and 75. That area is also the site of the new Allen Events Center, home of the Allen Americans, the newest club in the Central Hockey League. A theater and fitness center are located at Watters and 121.

Of course there is no shortage of homes above $450,000 in the McKinney, Allen, Frisco, and Prosper areas. So look at Shaddock Park as a starting place. There is something here for any taste and pocketbook. Twin Creeks in Allen is more established. So is LaCima Haven and Tanglewood in McKinney. If you want larger lots like an acre or more, go up to Prosper. You may want to add your own features like an outdoor kitchen or pool, but there are many homes in more established areas that already have these toys in place and it is a buyer's market anywhere in this price range.

Best wishes with your search for your new home!
1 vote Thank Flag Link Sun Jul 26, 2009
Shaddock Park has continued to improve and should continue that trend.


JToddRealty@gmail.com
0 votes Thank Flag Link Wed Apr 9, 2014
Shaddock Park is doing a lot better now. Beatiful homes in a great location near great shopping, dining, Lifetime Fitness, Cinemark Theater. Convenient location to major highways!
0 votes Thank Flag Link Wed Apr 9, 2014
Many buyers can't qualify purchase a home which makes it difficult for any builder or home owner however Allen is a great community !

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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Lynn911
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0 votes Thank Flag Link Sun Jul 26, 2009
To many great deals out there to choose from! That are established communities.
Barbara (972) 757-4527
Barbara@powerteamtexas.com
Web Reference: http://Powerteamtexas.com
0 votes Thank Flag Link Sun Jul 26, 2009
One of the big builders there declared bankruptcy and their homes have ended up in foreclosure. That hurt the community big time. Some of their homes are still for sale at veyr good prices.

Naima
214-289-8555
Naima@Sumner-Realty.com
Web Reference: http://www.SumnerRealty.com
0 votes Thank Flag Link Sun Jul 26, 2009
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