Brookside is always an attractive neighborhood for first time buyers who are on a limited budget. One of my favorite more affordable areas in Brookside is Armour Hills Gardens. Buyers can usually purchase a three bedroom, two bath home with a one or two car garage in a price range of $210-$230K, depending on condition and location.
Armour Hills Gardens is bounded by E 65th St to the north, Oak to the west, Holmes to the east and E 69th St to the south. Unlike its’ neighbor Armour Hills to the west (where I live), Armour Hills Gardens homes were generally built in the 1940s and don’t have some of the older architectural charm of its’ western neighbor. Still, characteristics of these homes include a stone or brick front, screened in porch, private driveway, and sometimes an attached garage. The location is convenient, close to nearby schools and St Peter’s Catholic Church, UMKC, Brookside shops and the Plaza/Westport area. Frequent city service runs along Oak St.
Here are year end single family home sales stats for Armour Hills Gardens in Brookside:
In 2012, 20 homes sold, with an average list price of $224,624 and an average sales price of $220,025. The lowest sale was $122,000 and the highest was $345,000.
In 2011, 13 homes sold, with an average list price of $237,427 and an average sale price of $230,469.
Note there were more homes sold in 2012, reflecting a stronger housing market coming back from the recession. The average sales price was almost $10K lower. This can be explained by more lower priced (foreclosure/short sales included) homes sold in 2012, which brings down the average sales price. Armour Hills Gardens is a very desirable area, and if a home goes on the market that is priced well and updated, it sells quickly.
Currently there are seven homes for sale in the subdivision with an average price of $197,000. Inventory is low! If you are considering a home purchase in the Brookside area, check out Armour Hills Gardens. I’ve sold several homes in the subdivision and my clients love the neighborhood!
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)