I'm looking into purchasing my first home and was considering new townhomes in Addison Circle. What are your?

Asked by D, 75001 Tue Dec 11, 2007

thoughts? Is this a good location for resale in the next 10-15 years? Are townhomes a good source of rental income later on?

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Darlene Howe…, Agent, Dallas, TX
Fri Mar 21, 2014
There are only 11 condos/townhomes available in Addison Circle. TODAY. There are over 200 condos/townhomes in Addison Circle. They are selling like hot cakes! It's a great areaIf you are a homeowner planning to sell your house, in this sellers’ market, chances are you seeking a lifestyle level-up: you want to bring your home’s benefits, area, maintenance and cost into better alignment with your future. If the expansive growth in Texas condo and townhome prices continue to go up and there is no more room for building permits, you could possible make money or breaking even when selling a condo/townhome. Good townhomes and condos are in shortage in Dallas and Plano etc…



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The United H…, Agent, Mansfield, TX
Wed Sep 18, 2013
I would personally stay away from newer builds townhome wise considering before rent is even due many local HOA Bylaws require you to pay up to an additional $100 a month. This is if the owner is no longer in possession of the property and turns it into a rental. Depending on how long you plan on living in the area and what exactly you're looking for I might be able to find you an incredibly wise investment opportunity. If you have yet to be assisted and or know someone actively looking feel free to contact me.

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Viktor Taush…, Agent, Dallas, TX
Sat Oct 11, 2008
Hello D,

I live and sell in Addison Circle "Townhomes of District A " subdivision. It is a nice, urban area in which to live and all of the residents are very happy with the neighborhood. The Townhomes were built by CENTEX HOMES. The subdivision is conveniently located to all entertainment areas in Addison, Esplanade Park, Addison Circle Park, etc., and at the same time it is quiet. I am a member of the Addison Circle HOA (ANCA) and know the area very well, so I would be glad to provide you with more information. You could visit the HOA site for more information and upcoming events http://addisoncircle.org

It is a good, long-term investment and now is a very good time to buy here as it is a buyer’s market. There are currently six townhomes for sale in my subdivision and I will be more than happy to show you any of the units.


I would be glad to help!

Regards,

Viktor Taushanov
Realtor
Coldwell Banker Residential Brokerage
972-758-2045 Direct Line
214-697-6797 Cell
http://www.planorealty.blogspot.com
viktor.taushanov@cbdfw.com
0 votes
T.E. & Naima…, Agent, Dallas, TX
Tue Dec 11, 2007
Hello D., In general townhomes or condos don't do that well in the Dallas area in terms of appreciation. If you are strictly looking at something to invest in, I would highly recommend a single family home with at least 4 bedrooms on a single level. Those rent real well for top dollar.

If you are looking for something to live in, that is another story. Addison Circle is highly desirable and I think the townhomes from City Homes will do very well. They built the same ones in the Knox Henderson area and Oak Lawn and they did real well there too. The HOA is very reasonable at $250 per month.

You may also look at the townhomes they built in 2005 on Quorum and Parkview. You may be able to get a better deal on something that is barely lived in and already upgraded.

I'll be happy to assist you or answer any questions if you are not already working with a Realtor.
Web Reference:  http://www.sumnerrealty.com
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