Any thoughts/recommendations for buying a home in the Stonbridge Ranch/Parkview Estates Subdivision. I'm worried about resale.

Asked by Home Buyer, 75070 Wed Oct 28, 2009

The Mckinney school district is not highly rated.

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4
Patrick Jack…, Agent, McKinney, TX
Wed Oct 28, 2009
Hello Home Buyer,

The number of days on the market for both active and sold listings is really reasonable for the current market. There is quite a spread in the sold prices in the area due to a couple of foreclosures, but that is also the current market in most subdivision. Seven homes sold in Parkview in July. Another three lower priced homes sold in September, probably as a response to the first time buyers tax credit. This is a lot of sales for such a small neighborhood.

Like any subdivision, be cautious of any home that backs up to a boulevard. If you prefer one of these homes, you are in the minority and when you go to sell it there will be a lot smaller buyer pool to work with. You must figure that a home that backs to a busy street will probably sell for thousands less that a comparable home on the interior of the subdivision. Make sure you get a great deal up front.

For newer construction, this is one of the lowest priced subdivisions in Stonbridge Ranch. You will have access to all of the Stonebridge amenities including 2 pools, tennis, and all of the lakes and trails. This subdivision is also zoned for some of the best schools in McKinney. The only negative to Stonebridge for this price range is that some buyers don't want the higher homeowners association fees.

For a buyer who wants to be in Stonebridge in newer construction, I would recommend Parkview. Please let me know if you need further assistance.
2 votes
Ronda Allen, Agent, Plano, TX
Wed Nov 4, 2009
McKinney school are very well known and sought after.

Buyers can no longer treat home purchases like a disposable razor. Don't sell your home for the next 5-10 years, no matter where in DFW you buy, and you won't have to be worried about resale. We had a very steady 1% appreciate rate that dated back 60 years before the recession of 2008. Our region was one of the last in the country to fall and one of the first to bounce back. It is going to take us some time to turn the sale comps around and distance ourselves from the foreclosures and short sales that hit all over the country during the recession, but whether you buy resale or new, the DFW Metroplex is an outstanding value.

Have a blessed day!
Ronda


Ronda Allen-Realtor and Certified Purchasing Manager
RE/MAX Dallas Suburbs, Plano Office
Specializing in the North Dallas Suburbs
1 vote
Lisa Simpson, Home Buyer, Celeste, TX
Mon Jun 14, 2010
So get yourself out of the subdivisions. There are some great more rural communities just a stones throw from McKinney. Better schools, lower taxes, and a lower crime rate. Check out Lucas and Princeton for example. Buy the right property and you won't have to worry about it.
0 votes
Brad Holden, Agent, Frisco, TX
Fri Feb 12, 2010
Stonebridge is Fantastic! The developer did great by laying out the communities right! Depending on which sub division you will be fine!

Make sure you have a specialist to show you around that know Stonebridge very well!

Good Luck!
0 votes
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