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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.

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Waterwood is an excellent condo complex in College Station, Texas.  Focusing on a safe, pleasing, student enviroment, Waterwood features a gated community with small swimming pool and common areas with ponds and water features.  Located directly across from Central Park, these condos have easy access to walking trails, fishing, bus route, Highway 6 and Texas Avenue.  Located about 2 miles from Texas A&M University, Waterwood is set off the beaten path and is close to College Station Police Department. 

Three bedroom, three baths (1490 square feet) and four bedroom, four baths (2 plans, one at 1590 square feet and the other at 1654 square feet) are available currently running $150,000 to $165,000.  Homeowners association dues are reasonable, at $120 per month.  As of today we have two three bedroom units and one four bedroom unit (1590 square feet with three showers and one tub) available.  One of the three bedrooms is available now and the other one is for a late May occupancy.  The four bedroom is available for immediate occupancy as well.

Call today for more information, or your private showing!  (979)574-1084

Chris Tesch, RE/MAX Bryan-College Station

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Choosing a College Station condo can be tough.  Each complex has it’s benefits and drawbacks it seems.  One of the condo complexes that melds great benefits with excellent prices is Fox Run Condos.  This gated community holds sixteen buildings each with a mix of four-two bedroom and four-three bedroom condos. 

The two bedroom condos comprise the ground floor and are typically around 1200 square feet featuring large bedrooms of approximately 11′X17′ and 12′X14′ with walk in closets and a private bath, a kitchen complete with refrigerator, washer, dryer and microwave and a outside patio and storage closet.  Currently there are two on the market one selling for $127,900 and a poolsideunit for $128,900 and can be a great choice for students with only one roommate.   Assuming 20% down and a 6.25% interest rate (payment information courtesy of Jennifer Wolf at First Alliance) the payments would look like this:

$634.93  Principle and Interest

$180.00  Home Owner Association Fees

$196.72   Taxes

 $40.00   Insurance on interior of unit

Monthly Payment Total = $1,051.65 

Click here for a real estate show.

The three bedrooms consist of the second and third floors with the landing and stairs being at ground level.   The second floor accomodates two spacious bedrooms, the kitchen, living room and two bathrooms along with the utility closet and the outdoor deck and storage closet.  The third floor is the largest bedroom complete with a huge walk-in closet and it’s own private bath plus a entrance into a attic access that provides more storage.  At the time of this writing there are three listings active for three bedroom units in Fox Run.  Two are listed for $162,000 and one is listed for $159,000.  Making the above assumptions (20% down and 6.25% interest rate on a 30 year note on the $162,000 with no price reductions) your payments would look like this:

$800.43 Principle and Interest

$180.00 Home Owners Association Fees

$251.50  Real Estate Taxes

  $60.00  Insurance on interior of structure

Total = $1,291.93 per month.

For up to date information on currently listed condos and to find out more call me at (979)574-1084 or email me at Chris@ChrisTesch.com! 

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