Don, Home Buyer in Fort Worth, TX

What's happening to the riverbend estates and the woodhaven country club area. why are all homes go?

Asked by Don, Fort Worth, TX Sun Sep 30, 2007

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6
Yeah I was wondering about that too. Me and my husband was out there yesterday and noticed all the powerlines. We figured that maybe they are all selling because of cancers and maybe because of the liquor store on 3 corners right outside the gate. Or maybe because hoodlums are jumping the fences from the nearby neighborhood. We dont know for sure but I hope someone will answer your question because we would really like to know too.
0 votes Thank Flag Link Sat Feb 16, 2008
The land is too expensive to build homes in East Fort Worth. People are sitting on their land waiting for apartment builders to buy. Land owners can expect to get 5 times more if they sell their land to build apartments than if they sold it to home builders. So all you are going to see in this area is more apartments, not less.

Another problem with this area is that taxes are very high. Since most house are relatively new there, Fort Worth taxes there are based on market value, not on historical value as in other parts of Fort Worth. So a 350K house in Riverbend could be taxes on a 400K value while a 600K house in Monticelo in the museum district would be taxes as if it was worth 350K.

And we are not talking about the drive by shootings when you leave the estate...
0 votes Thank Flag Link Tue Nov 6, 2007
The land is too expensive to build homes in East Fort Worth. People are sitting on their land waiting for apartment builders to buy. Land owners can expect to get 5 times more if they sell their land to build apartments than if they sold it to home builders. So all you are going to see in this area is more apartments, not less.

Another problem with this area is that taxes are very high. Since most house are relatively new there, Fort Worth taxes there are based on market value, not on historical value as in other parts of Fort Worth. So a 350K house in Riverbend could be taxes on a 400K value while a 600K house in Monticelo in the museum district would be taxes as if it was worth 350K.

And we are not talking about the drive by shootings when you leave the estate...
0 votes Thank Flag Link Tue Nov 6, 2007
The land is too expensive to build homes in East Fort Worth. People are sitting on their land waiting for apartment builders to buy. Land owners can expect to get 5 times more if they sell their land to build apartments than if they sold it to home builders. So all you are going to see in this area is more apartments, not less.

Another problem with this area is that taxes are very high. Since most house are relatively new there, Fort Worth taxes there are based on market value, not on historical value as in other parts of Fort Worth. So a 350K house in Riverbend could be taxes on a 400K value while a 600K house in Monticelo in the museum district would be taxes as if it was worth 350K.

And we are not talking about the drive by shootings when you leave the estate...
0 votes Thank Flag Link Tue Nov 6, 2007
My question was cut off. I was wondering why all of the homes seemed to be hitting the market at the same time in the RIverbend Estates. I was wondering if something had changed in that reason. Further, they seemed to be at a much lower per square foot then similar homes in surrounding areas.
0 votes Thank Flag Link Sun Nov 4, 2007
DON,
WHAT DO YOU MEAN BY " GO ".
I OWN A HOME AT WOODHAVEN AND I LOVE THE NEIGHBORHOOD. GRANTED, THERE ARE SOME SHADY AREAS JUST OUTSIDE BUT, APARTMENT BUILDINGS ARE BEING TORN DOWN FOR NEW PARKS AND UPSCALE HOUSING. THINGS CAN ONLY GET BETTER.
0 votes Thank Flag Link Wed Oct 10, 2007
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