Woodland Heights House Price Update
Latest Prices of Woodland Heights Homes
Woodland Heights is known for its predominantly Craftsman style homes; lots of bungalows with big porches, large overhanging eaves. These are making way for bigger homes though. They are mostly being renovated and big additions expanding the space. More and more though they are being knocked down and big new homes built. A house one block from mine on Omar was demolished last week, and another demo has started today, diagonally behind me.
I show prices of these little bungalows on the first row of the table below. These were sales since mid 2016. These are updated homes averaging about $500K in price. Land value here is ~$80/SF, thus lot value is ~ $400K for a typical 5000 SF lot. So, don’t expect to find anything cute at the $400K range.
Woodland Heights Area Home Prices Early 2017 | ||||||
---|---|---|---|---|---|---|
Descrip'n | $ Range | SF Range | Lot Size * | Sale Price/SF | DOM ** Days | LP/SP *** |
1 Bath Homes 6 Sales | $423K-$641K $508K Avg. | 1152-2260 SF 1464 SF Avg. | 5000-7350 5758 SF Avg. | $283-$377/SF $331/SF Avg. | 7-124 52 Days Avg | 0.92-0.99 0.98 Avg. |
Small 2 Bath Homes (<2000 SF) 9 Sales | $438.5K-669K $562K Avg. | 1228-1937 SF 1601 SF Avg. | 5000-7800 SF 5727 SF | $237-$415/SF $351/SF Avg. | 0-184 Days 31 Days Avg. | 0.96-1.00 0.98 Avg |
Large Homes (>2000 SF) 12 Sales | $675K-$1.55M $1.06M Avg | 2500-4629 SF 3505 SF Avg | 4900-7500 SF 5765 SF Avg | $210-$350/SF $302/SF Avg | 5-161 Days 58 Days Avg | 0.90-1.03 0.97 Avg |
Notes: * Lot Size in Woodland Heights is typically 50 X 100 ft, though some are 75 ft wide. No alley, no subdividing. ** DOM = Days on Market. *** LP/SP = Ratio of list price to sold price…generally 97-98%.
The table gets squeezed into a limited space on this website, but price ranges for different sized homes are shown.
For you analytical types, pdfs of recent sales (and homes on the market as of 02/24) are attached below:
Woodland Heights tear-down Properties
Woodland Heights Large Homes (>2000 SF)
Photos of typical Woodland Heights homes are shown below. The bungalow on Sledge St is currently on the market. The big, new home is an example of what is being built in the neighborhood.
Woodland Heights MLS Home Search. Woodland Heights is a complicated neighborhood with several smaller subdivisions included. This search will pull up most of the homes. A map search is better; let me know if I can send that to you.
The house below is a home on Merrill St being demolished today. This morning it was a typical 2/1 bungalow; at 11:00 just the front wall remains. By this evening it will be a vacant lot.