Articles for September 24th, 2009
Texas: An Attractive Place To Retire (After Age 65?), Ctd.
Some readers have challenged this statement, saying our high property taxes may make the Lone Star State not so attractive to endure during those golden years. And Texas does have some of the highest property taxes in the nation. Now I am light years from being 65, but as I recall, at that age property taxes are capped for seniors — right? Sure hope so, because I am going to need those funds for plastic surgery.
September: Just Not a Good Month for Dallas Commercial Real Estate
Last week we learned that 42 acres at the intersection of Walnut Hill Lane and Central Expressway are en route to the foreclosure chopping block vis a vis Wachovia Bank; this week we learn that Compass Bank has taken over the Signature Pointe Apartments in East Dallas, which were supposed to be transformed into yet another snazzy Dallas shopping/living/retail center, following the steps of the uber successful development Mecca, West Village. (If I had a dollar for every developer who said to me, “we are striving for a West Village-type atmosphere”, I’d have enough to cover how much over budget I was on the wedding!) As one of my commercial real estate sources puts it, no surprise, it’s tough all over: there will be similar stories ahead. What do you think the impact of this potential foreclosure will have on the area — East Dallas in particular?
This News Nugget May Draw Home Buyers: Texas Is An Attractive Place To Retire
While our state does not exempt pension income from being taxed, we go one better: we don’t tax any income, a definite plus for attracting retirees.
D Sale of the Week: Mid-Century Modern’s Pride of Pinocchio, No Lie
It’s called Rhapsody House because it’s in tune with the oaks, maples, and lush greens surrounding it. 11116 Pinocchio Dr. is not only on a huge 103-by-171-foot corner lot, but it’s also adjacent to a greenbelt in the coveted Disney Streets. Built in 1955 by Gordon Nichols and designed by architect Thomas Scott Dean, Rhapsody House was the first concrete ridge frame home built in Dallas. To this day it remains nearly fireproof, rot proof, and waterproof, thanks to its wood-free exterior. Mid-century fanatics, eat your heart out: the three-bedroom, two-bath home has original white terrazzo floors in pristine condition, and glass transoms throughout highlight the sloping roofline. A floating closet with wood defines and separates the living room from the formal dining, and the kitchen has been brought into the 21st century sensitively, maintaining that “Donna Reed” feel. Just like the Dick Van Dyke Show, there’s even a pass-through between the kitchen and dining room and so much mid-century you might just see Loretta Young walk through the patio door. $425,000.
Dallas Real Estate: House Next Door Is For Rent, Website Deactivated
“Should I be concerned when the house next door to me goes up for lease with signage advertising a website that has been deactivated?”
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