Market Conditions in 78212>Question Details

Richard Gall…, Home Buyer in San Antonio, TX

sq/ft price in Alta Vista versus Monte Vista based on condition of property

Asked by Richard Gallaway, San Antonio, TX Tue Sep 4, 2007

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Don Reser’s answer
There is truth to the argument that the older neighborhoods have maintained homes near homes that are not as maintained. This stems from the fact that the Monte Vista neighborhood dates back to the post civil war period through the 1920's for initial construction. Costs of bringing an older home into central air and heat, as well as, electricity is expensive. Further, things done 50 years ago may have to be redone again. On the other, their are large large lots and beautiful styles so depending on your purposes it can be a great project. The area is near Trinity University, Incarnate Word University and San Antonio College, as well as downtown, and many wonderful churches.

Don
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0 votes Thank Flag Link Wed Oct 3, 2007
I'm not a realtor, but I can tell you that one of the most frustrating parts about looking for homes in the alta vista (and some parts of Monte Vista) areas is a common San Antonio phenomenon: bad neighbors. This is one of the strangest cities in the US when it comes to this. On one block, you've got nice houses, pride of ownership, etc...the next - ghetto. Then you've got the blocks where its the good house next to bad house scenario. With all of this "disparity" you would think that the property values would be lower - but no! Not in San Antonio. You have to pay a premium to live next to the decrepit home. Oh yeah, and these are considered "good" downtown neighborhoods here. I will say that the north portion of Monte Vista is nice and well-maintained, but you'd be hard pressed to find a decent home there for under $350,000.
0 votes Thank Flag Link Wed Oct 3, 2007
Richard,

Monte Vista, as you know, is San Antonio's second most historical subdivision, with King William being the first. Many Monte Vista homes date from before the beginning of the 20th century. They were initially designed with no ac no heating and no electric. Because they were mansions, they were improved and renovated but many factors go into your question. Really cost per square foot is not a good measure here because of the total cost for bringing the home to a standard.

I grew up in Monte Vista in the 1950's so I love this are very much, but really purchasing here is really a function of your objectives more than modern analysis tools.

Don
http://www.reserrealty.com
http://www.donsapartments.com
http://www.donreser.com
http://www.mysavoa.com
Web Reference: http://reserrealty.com
0 votes Thank Flag Link Sun Sep 9, 2007
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