Olde Oaks, Lakewood Forest, Wimbledon Estates, Memorial NW, etc.

Asked by Jamie, Austin, TX Wed Oct 24, 2007

All of these neighborhoods seem to have homes with great charm, big lots, and close to ammenities, why are they so cheap! Is crime a factor in any of those areas? I will soon be looking to relocate to NW Houston and these area's appear to be great, and a great value. Obviously these homes will probably need some updating, but still seems to be a great value to get a 3000 SQ FT home with charm on a big lot for under $235k! I am an HP employee looking to relocate to H-town next spring, and these areas SEEM perfect... Am I missing something?

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Jill Wente, Agent, Spring, TX
Tue Nov 20, 2007
BEST ANSWER
I would not consider crime to be a factor in the communities / subdivisions that you mentioned. In comparing our Northwest Houston home prices to other parts of the U.S., you will find our home prices to be about 30% less. Over the last several years, we have experienced a lot of new home development which has kept our housing prices down due to supply. Some of the subdivisions that you mentioned are in better school districts than others. A school district does influence demand and correspondingly price appreciation and home value. These subdivisions are established subdivisions and some of the homes in them will need some updating. You are not missing anything. We have excellent home values in Northwest Houston.
Web Reference:  http://www.jillwente.com
0 votes
Msfromsl, Home Buyer, Sugar Land, TX
Mon Sep 20, 2010
I have heard that the Olde Oak neighborhood has some wonderful deals but I have also heard that the schools are the main reason for the low prices. The Katrina storm brought a large number of refugee families who have never left. The schools have suffered as a result. Before making a decision you need to check the schools that your kids would be attending. The Spring School district has never been great and I think it is worse now than it ever was. There are private alternatives available if you have the $$.
0 votes
Sarhfd, Home Buyer, Harris County, TX
Tue Feb 16, 2010
My husband and I were in your exact situation 10 months ago. And, after doing extensive research in each of these areas we decided to purchase a home in Olde Oaks. We got $3000 sqft, a pool, landscape lighting, a sprinkler system, updated kitchen, new paint, new carpet, alarm system, 30' foot ceilings, and cherry hardwood floors for $46 a sqft! The catch was qualifying for a conventional loan, which allowed us to purchase a foreclosure as is. There was $2500 worth of termite damage in one room which prevented people with FHA and VA loans from passing inspection from their lenders. Conventional loans give you much more freedom when buying. There are a lot of custom features in Olde Oaks. We like the detached garages, friendly neighbors and mature trees. The reason they are so inexpensive has to do with: the school district, economy, age of the neighborhood. Some parents are not happy with Spring ISD. Memorial NW might be a better option if you have teenage kids. In 2000, Olde Oaks was featured as one of the best places to live and several young people moved in over the next few years and ended up with mortgages that they couldn't handle, hence the foreclosures. This neighborhood is nearly forty years old. Many of the original owners are downsizing because their kids have grown up and moved out. Olde Oaks is a wonderful community. It is nestled between Northgate and Champions, two very nice communities. I don't think we are missing anything...I just think we are fortunate to be buyers in buyers market. Hope this helps! We love our home and our neighbors.
0 votes
Margaret T.…, Agent, Conroe, TX
Fri Jul 25, 2008
I am well familar with all these areas, and the homes are beautiful, Crime is not the reason you can get so much home for the money, if that were true the homes would be unkept. These are beautifully kept homes and you have some of the best Country Clubs near by and now St Lukes. Houston just has a way of moving on to new construction ans styles. I still love the large rooms and yards in these neighborhoods, but price wise they do need the updating. The great thing about this is that now those tile and wood floors are going in but the prices still reflect the whole .
I officed in the Olde Oaks Atrium for years and will be happy to connect you with a Realtor in that area if you wish.
Good Luck House Hunting
0 votes
Dorothy, Home Buyer, Harris & Montgomery Counties
Wed Jul 23, 2008
Jamie,
That is one of the best facts about Houston and the North/Northwest. We do have great charm (lots of custom homes), big lots and close to amenities. Our cost of construction is lower in the beginning. One reason is we do not have apprenticeships in construction as other cities and states require. So our cost of construction is lower from the beginning of development. Crime is a factor in all areas, owners have to decide level and relativity. We are a well populated city. Check out these links for crime information: http://www.tdcj.state.tx.us/links/links-lawenforc-tx.htm and http://www.hcp4.net/ccenters. You really aren't missing anything. Great school districts (relativity again), great location, amenities abound, and of course if you love trees and large lots we are your area! Since relativity always comes into play, check out these links for school districts, "due diligence" is key to decision making: http://www.cfisd.net, http://www.kleinisd.net, http://www.springisd.org, http://www.ci.tomball.tx.us/community/index.html
Best of luck!
0 votes
Dorothy, Home Buyer, Harris & Montgomery Counties
Wed Jul 23, 2008
Jamie,
That is one of the best facts about Houston and the North/Northwest. We do have great charm (lots of custom homes), big lots and close to amenities. Our cost of construction is lower in the beginning. One reason is we do not have apprenticeships in construction as other cities and states require. So our cost of construction is lower from the beginning of development. Crime is a factor in all areas, owners have to decide level and relativity. We are a well populated city. Check out these links for crime information: http://www.tdcj.state.tx.us/links/links-lawenforc-tx.htm and http://www.hcp4.net/ccenters. You really aren't missing anything. Great school districts (relativity again), great location, amenities abound, and of course if you love trees and large lots we are your area! Since relativity always comes into play, check out these links for school districts, "due diligence" is key to decision making: http://www.cfisd.net, http://www.kleinisd.net, http://www.springisd.org, http://www.ci.tomball.tx.us/community/index.html
Best of luck!
0 votes
Mary, Home Buyer, memorial northwest
Sat Apr 12, 2008
No, you're not missing anything. I have lived in MNW for 11 years, and I love it! I have lived in this general area for 22 years. We even talk about one of our kids buying our house from us when we are ready to down-size.
0 votes
Trish Bender, , Cypress, TX
Fri Apr 11, 2008
Jamie,

Every neighborhood has its good and bad points. Our home prices in Houston have been stable and you can get a great home for a great price in any one of these areas. It depends on the amenities you are looking for. I suggest driving through after work to see who your neighbors will be, see people walking the dog, at the park or even playing in the yard. This is a great indicator of how you fit in. You and only you will know that. I personally have seen some great finds in Memorial Northwest and Lakewood Forest. GOod luck in your decision!
0 votes
Karen Savage, , Houston, TX
Sat Apr 5, 2008
Jaime...(posted April 5, 2008 at 10:40 PM CST SATURDAY)
Glad to hear you are considering a move to NW Houston. It's a great place to call home! You'll find moving can be a little overwhelming for some folks, so it's important to 'connect' with someone you can trust. I'm ex-military and have moved several times over the years. I understand what it's like to pick up everything and move to a new place -- whether local (down the street) or across the globe. Finding the perfect neighborhood is important; as are other things to consider during a move. Northwest Houston is a great find! I live in the area myself near Hewlitt Packard Company. (Years ago, both my husband and I worked there as well. It's a major employer in the area.) These older neighbors are a great bargain! I loved the charm of Lakewood Forest S/D and family-friendly atmosphere and bought my home there. You get a lot of house for your money; a well-established area; with great schools for the kids (Cy-Fair ISD) with higher education/college(s) nearby. There are endless opportunities out there for you; we just have to find what meets your personal needs and goals. Let me take you on a tour of Houston to show you all the city has to offer, including behind-the-scenes things only the locals know about. I wish you the best with your move. I'm here to help you anyway I can -- just call or email me: Karen Savage, REALTOR, Keller Williams Realty/North(west)--Hwy 290/FM1960 area near Willowbrook Mall; 8300 FM 1960 West, Suite 310, Houston, TX 77070, direct: 281-813-9769; office: 281-664-8300,x3004; e-mail: thejungle@karensavage-realtor.com; http://www.KarenSavage-Realtor.com. (You've got a friend in Texas! We aim to please! Your Greater Houston, Texas source for everything real estate.)
0 votes
Allen Hebert, Agent, Spring, TX
Mon Oct 29, 2007
Well welcome to Houston and affordable housing. These subdivisions are typical pricing for the market and the age of the home. If you would like a detail search set up please contact me. Newer homes will sell for higher per sqft, but over all the pricing is great.
0 votes
Infinity Rea…, , Saratoga, CA
Fri Oct 26, 2007
Sometimes there are areas, where Trulia might not a have local agent in your community to answer correctly. I always suggest calling some local realtors and asking them to help you out. You would be amazed how talkative, and informative they can be.

Good Luck
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