River Oaks Townhomes, Another “premier” College Station Student Community
February 20th, 2008 categories: College Station, Condos, Listings, Real Estate News
River Oaks Townhomes is trying to position themselves as a “premier student community” amongst the other luxury student condos out there. Granted, there is room for some new contenders. I frequently tell my student parents that there are positives and negatives for each community, but I look forward to the day when I can tell them “here is the perfect student investment. Let’s look at what River Oaks literature tells us.
It will be a gated community (like Waterwood and Fox Run) and will offer 2,3 & 4 bedroom units. Amenities include granite kitchen counters (Waterwood and Gateway Villas have some granite countertops) and individual thermostats for each bedroom. The clubhouse will offer a coffee bar, Wi-Fi hotspot, pool and two hot tubs.
They will be in an excellent location only 1 mile from campus and on shuttle. One of the best selling points to me is the excellent Wolf Pen Park within walking distance. For those that haven’t seen it, it is truly one impressive park! Summertime brings a series of concerts to the ampitheatre in the park and the mall is just up the road.
The bedroom sizes are good, the literature states that they have the largest bedrooms anywhere, though the bedroom sizes they are showing on floorplans are comparable, in many cases, with Fox Run with some bedrooms being slightly larger. Fox Run’s three bedroom units have reported bedroom sizes of 16′3″ X 10′ll”, 11′4″ X 14′3″ and 17.1′ X 14′2″. River Oaks has reported sizes in their 3 bedroom units of 15′6″ X 12′11″, and two bedroom at 17′3″ X 11′4″.
My thoughts? Looks to be a great layout, though of course it’s too early to tell and a superb location. Unfortunately the prices are a bit higher than my experience dictates that parents are willing to spend. The 3 bedroom (3.5 bath…smart!) is showing an estimated purchase price of 177,990. Compare this to the current listings in Waterwood (147,900-149,900) and the current listings in Fox Run (158-162,900) and it seems a bit too steep. Now, if we compare to The Woodlands the prices seem quaintly low. Word to the wise though…we have had other complexes come in and the initial prices bemuch higher than resale for the next few years with most people losing money on their investment. That’s why I tend to prefer the complexes that have a history.
For more information on great College Station Condos go to my other web site www.ChrisTesch.com or call me to schedule a personal consultation. I do work most weekends with notice. Please call early in advance as weekends tend to get booked up quickly.