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2011 Tanglewood Real Estate Market Report - Houston, TX

Tanglewood

Est. 1949

Tanglewood subdivision is located just west of the inner loop and its boundaries are Briar drive to the north, Chimney Rock to the west, San Felipe to the South and South Post Oak Lane to the East.

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Tanglewood Real Estate Market Report from Janurary 1, 2011 to December 31, 2011

Number of Homes Sold 42
Average Day on Market 151
Sales Price Range $540,000 to $4,890,000
Average Sales Price $1,479,852

Square Foot Price Change Data 1994 - 2010 for Tanglewood

Homes Sold in Tanglewood

Source: Crawford Realty Advisors Phone: 281-587-0132 E-mail: info@CrawfordRealtyAdvisors.com

Click here to view Homes for Sale in Tanglewood

For more information on buying or selling real estate in Tanglewood, contact Steven Teoh at (832) 298-2893 or
E-mail: Steven Teoh, your Houston Luxury Homes Specialist.

Tanglewood, named after the book Tanglewood Tales, by Nathaniel Hawthorne, was developed in the summer of 1949 by the William G. Farrington Company who purchased 300 acres just west of the city limits from Humble Pipeline Company, now Exxon. This initial property was located in the area that is now between San Felipe and Woodway and between Sage and Chimney Rock. An additional 450 acres north of Woodway had been purchased. Since the land was still considered outside the city limits, a water district had to be formed. Section 1 of Tanglewood, with its entrance from Post Oak Lane, consisted of 32 lots that were placed on the market in January, 1949. The homes were built to take advantage of air conditioning and the community had the distinction of being the most air-conditioned subdivision in the Southwest. Since most of the land was still open prairie, each home site was planted with two large oak trees plus three oaks added on every corner. Big lots, typically 1/4-acre to 3/4-acre, are in keeping with Farrington plan for an upscale community. Seven new homes were ready for the grand opening. As a result, Tanglewood is now one of Houston’s most beautiful wooded areas. Although Tanglewood had been annexed by the city, there was no telephone, bus, or garbage service, and little police protection. Developer William Farrington, quickly resolved these problems. The deed restrictions of Tanglewood were rigidly enforced by the Tanglewood Homes Association. These included front and side line setbacks for every home. Prior to any construction, plans had to be approved by an Architectural Control Committee. The original ideals and restrictions of the developer are still carried out by the Tanglewood Homes Association. The Association is financed by a mills tax per lot with proceeds used for back-door garbage pick up, police protection, and maintenance of esplanades and green areas. In 1951, Tanglewood was recognized by the National Association of Home Builders in Washington, D.C. as one of the five best-planned neighborhood subdivisions in the United States. In 1954, the Houston Country Club purchased 150 acres from Tanglewood and an additional 125 acres from the Bering family. In order to have enough land for a golf course, an additional 25 acres were also acquired. There were 15 sections of Tanglewood developed from 1949 to 1959. Today, the completed subdivision consists of 1,052 homes in these 15 sections. Originally, the homes became bigger as you went from San Felipe north to Buffalo Bayou. Grady elementary was a new school with a ditch in front and Mayor Roy Hofinez owned all of the land between Yorktown, San Felipe, Westheimer, and Chimney Rock. The 41st President of the United States, George H. W. Bush, retired with his wife, Barbara, to a home within this exclusive neighborhood.

Today many of Tanglewood’s original Ranch-style homes are gone, replaced with big two story homes. Shady lots are well-suited for the upscale English-style two-stories of brick and stone or stucco Mediterraneans with clay roofs that have been built recently. Newer houses often feature wine cellars, three-car garages, and 11-foot high ceilings, great detailed work, and hand crafted finishing in these mansions. The appeal of these very large lots has allowed owners to build spectacular homes. The area still retains its charm with Tanglewood Boulevard and its esplanade ending at Grady Middle School. Tanglewood is zoned to the Houston Independent School District, however some residents send their children to nearby private schools.

For more information on buying or selling real estate in Tanglewood, contact Steven Teoh at (832) 298-2893 or
E-mail: Steven Teoh, your Houston Luxury Homes Specialist.

2011 Afton Oaks Real Estate Market Report - Houston, TX

AFTON OAKS

Afton Oaks subdivision is deed-restricted with more than 500 homes. It is located in the "inner-loop" of 610 near the Galleria and Highland Village and is bounded to the north by Westheimer Road, to the east by Union Pacific railroad tracks, to the south by Southwest Freeway, and to the west by the 610 Loop. Multi-million dollar homes occupy the large lots of Afton Oaks, where the most notable of Houston citizens reside.

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Afton Oaks Real Estate Market Report for 2011

Number of Homes Sold 26
Sales Price Range $299,000 to $1,900,000
Average Sales Price $739,309

Square Foot Price Change Data 1994 - 2010 for AFTON OAKS

CMA for Afton Oaks in Uptown Houston
Source: Crawford Realty Advisors Phone: 281-587-0132 E-mail: info@CrawfordRealtyAdvisors.com
All information is subject to change and should be independently verified.

In the early 1950s, the farming and ranching land owned by the O'Meara and Stahlman families became primed for development. Originally, the subdivision was predominantly made up of ranch-style brick homes built in stages mainly between 1951 and 1959. Construction of newer two-story brick and stucco homes began in the 1980s. By 2000, many of the older ranch style homes received renovation or faced demolition and were replaced with much larger single-family homes, patio homes and 3 story town homes near the 610 West Loop. Like other neighborhoods with a close-in location, the significant new home construction has
started to replace the original homes because of rising land values. These new builds are typically in excess of the million dollar price point. To date, the newer homes comprise less than half of the homes in Afton Oaks. The notable signature elements of Afton Oaks includes the esplanade along Newcastle Drive, the canopy of large, older hardwood trees throughout the neighborhood, a collection of rectangular column street markers, and a set of smaller triangular parks.

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Houston's Top 25 Most Expensive Neighborhood

Houston's Top Twenty-Five Most Expensive Subdivisions

Subdivision City Zip

Med.
Appraisal

Avg. Sq. Ft. Avg. Bedrooms Avg. Baths Avg. Year Built
River Oaks Tall Timber Houston 77019 $3,711,446 7,740 4.5 5.1 1973
River Oaks Country Club Estate Houston 77019 $3,049,000 6,526 4.10 4.10 1940
Rivercrest Houston 77042 $2,751,753 6,733 4.10 3.60 1968
Stablewood Houston 77024 $2,112,115 6,580 4.50 4.40 1996
Sherwood Forest Houston 77024 $2,080,558 6,574 4.40 4.30 1958
Memorial Drive Manor Houston 77024 $1,380,162 4,743 4.10 3.60 1979
River Oaks Houston 77019 $1,366,472 4,262 3.60 3.30 1942
Longwoods Houston 77024 $1,330,000 4,908 4.20 3.70 1966
Willowick Houston 77024 $1,270,150 4,676 4.40 3.80 1962
Bayou Woods Houston 77024 $1,245,000 4,890 4.10 3.60 1960
Hunterwood Houston 77024 $1,240,000 5,136 4.30 3.70 1971
West Oaks Houston 77056 $1,231,044 4,682 3.80 3.60 1997
Woodlands Cw At Vosr The Woodlands 77382 $1,218,525 6,206 4.50 4.50 2004
Tanglewood Houston 77056 $1,172,926 4,413 4.00 3.50 1962
Huisache Acres Houston 77056 $1,142,792 4,885 4.20 3.70 1995
Hunters Grove Houston 77024 $1,133,530 4,748 4.50 3.80 1968
Tanglelane Houston 77056 $1,067,954 4,318 3.50 3.50 1997
Lakeforest Of Kelliwood Katy 77450 $1,067,230 6,039 4.80 4.10 2000
Indian Trail Houston 77057 $1,057,767 4,373 4.00 3.90 1974
Pine Shadows Houston 77056 $1,051,305 4,524 4.00 3.50 1956
Broad Oaks Houston 77056 $1,033,096 4,032 3.90 3.40 1972
Crestwood Houston 77007 $1,016,930 3,458 3.40 2.80 1981
Avalon - Enclave At Waters Of Avalon Sugar Land 77479 $1,013,080 5,458 5.00 4.10 2002
Avalon Place Houston 77019 $1,005,177 3,537 3.50 2.80 1940
Sandalwood Houston 77024 $1,000,000 3,789 4.00 3.10 1959

Source: Crawford Realty Advisors Phone: 281-587-0132 E-mail: info@CrawfordRealtyAdvisors.com

Stablewood Estate 2009 Real Estate Market Report - Stablewood Estate located in Memorial

2009 Stablewood Estates Real Estate Report

Number of Homes Sold 3
Average Day on Market 77
Sales Price Range $1,262,500 to $3,200,000
Average Sales Price $,2587,500
County Harris
City Houston
Number of Homes 122
Average Bedrooms 4.5
Average Baths 4.4
Median Square Ft. 6,580
Median Lot Size 15.780
Median Year Built 1996
Area Houston Uptown, Memorial Area, Spring Branch, Galleria Post Oak
Zip 77024
Web

houstonstablewood.com

Square Foot Price Change Data  1994 - 2008 for Stablewood Estates

River Oaks Prices

Source:  Crawford Realty Advisors   Phone: 281-587-0132   E-mail: info@CrawfordRealtyAdvisors.com

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