55 Transfer Way Temple TX 76501: Picture this – a charming address nestled in the heart of Temple, Texas, promising a blend of modern comfort and timeless appeal. This property invites you to explore the vibrant neighborhood, from its friendly atmosphere to its rich history, and uncover the potential it holds for you. Discover the surrounding amenities, analyze the market trends, and imagine the possibilities that await.
Unveiling the details of 55 Transfer Way Temple TX 76501, this comprehensive guide delves into the specifics of the property itself, from its size and features to the costs associated with ownership. It also examines the local market, exploring recent sales, trends, and potential future impacts on property values. Furthermore, this exploration extends to the surrounding community, highlighting local services, amenities, and opportunities.
The goal is to equip you with a clear understanding of this unique property, making the decision-making process easier and more informed.
Overview of 55 Transfer Way, Temple, TX 76501
Nestled in the heart of Temple, Texas, 55 Transfer Way presents a desirable residential location. This address offers a blend of convenient amenities and a welcoming community atmosphere. The surrounding environment plays a key role in shaping the property’s appeal and the lifestyle of those who call it home.This area is marked by a mix of established homes and newer developments, creating a vibrant tapestry of architectural styles.
The neighborhood boasts a strong sense of community, evidenced by the local events and interactions between residents. The area’s history is deeply rooted in the region’s agricultural heritage, and its modern development reflects the city’s steady growth and transformation.
Property Location and Surroundings
Transfer Way enjoys a prime location, offering easy access to local shops, restaurants, and parks. The proximity to major thoroughfares ensures convenient travel throughout the city and surrounding areas. The neighborhood’s environment is characterized by a blend of residential structures and local businesses, creating a dynamic community feel.
Neighborhood Characteristics
The neighborhood at 55 Transfer Way exhibits a diverse demographic profile, reflecting the city’s overall composition. This diversity contributes to a rich cultural exchange and a welcoming atmosphere. The lifestyle in this area is characterized by a mix of families, young professionals, and retirees, fostering a sense of community among its residents.
History and Development of the Area
The area surrounding 55 Transfer Way has a rich history, with roots in the region’s agricultural past. The land has witnessed significant development over the years, adapting to changing needs and preferences while maintaining a connection to its roots. The evolution of the area showcases the ongoing growth and transformation of Temple, Texas.
Common Housing Types and Prices
This area features a variety of housing options, catering to different needs and budgets. Single-family homes, townhouses, and possibly some apartment complexes are common in the neighborhood. The approximate price range for these types of properties varies depending on factors like size, features, and condition.
| Housing Type | Approximate Price Range |
|---|---|
| Single-Family Homes | $250,000 – $500,000+ |
| Townhouses | $200,000 – $400,000+ |
| Condos | $150,000 – $350,000+ |
These figures are estimates and may fluctuate based on the specific property’s characteristics.
Commuting Patterns
Residents of 55 Transfer Way typically utilize various transportation methods to reach major employment hubs. Driving is the most common mode of transportation, given the area’s proximity to major highways. Public transportation options, like buses or ride-sharing services, may also be utilized, especially for those who prefer or need alternative modes of commuting. The accessibility of these hubs plays a vital role in the daily routines of those living in this location.
Property Details and Features: 55 Transfer Way Temple Tx 76501
Welcome to 55 Transfer Way, Temple, TX! This charming neighborhood offers a blend of modern living and comfortable community feel. Homes here typically reflect a balance of practicality and style. Let’s explore the specifics.The homes at 55 Transfer Way generally feature spacious floor plans, designed for comfortable living. You’ll find a variety of options to suit different needs and lifestyles.
Construction quality is solid, and homes are well-maintained.
Typical Property Sizes and Features
Homes at 55 Transfer Way typically range from 1,500 to 2,500 square feet. Most feature 3-4 bedrooms and 2-3 bathrooms, providing ample space for families and individuals alike. Many homes have attached garages and well-maintained yards, perfect for outdoor relaxation.
Construction Materials and Quality
The homes in this neighborhood are primarily constructed with durable materials like brick and concrete. Roofing typically includes high-quality asphalt shingles. Construction standards are generally high, ensuring the longevity and resilience of the homes.
Home Maintenance and Repair Costs
Maintenance costs in the neighborhood are moderate, aligning with typical homeownership expenses. Minor repairs, such as replacing a faucet or fixing a leaky roof, often fall within a predictable range. Larger projects, like a kitchen remodel, can vary considerably depending on the scope and materials used.
Comparative Pricing of Homes in the Vicinity
| Size (sq ft) | Bedrooms | Bathrooms | Approximate Price |
|---|---|---|---|
| 1,800 | 3 | 2 | $280,000 – $320,000 |
| 2,200 | 4 | 2.5 | $350,000 – $400,000 |
| 2,500 | 4 | 3 | $400,000 – $450,000 |
Note: Prices are approximate and can vary based on specific features, condition, and location within the neighborhood.
Common Home Improvement Projects and Costs
Common home improvement projects include kitchen upgrades, bathroom renovations, and landscaping. A kitchen remodel, for example, can range from $15,000 to $50,000, depending on the extent of the work. Landscaping projects, such as adding a patio or deck, typically cost between $5,000 and $20,000.
Market Analysis and Trends
The real estate market in Temple, Texas, is a dynamic environment, constantly responding to shifts in local and national trends. Understanding these shifts is crucial for anyone considering a property investment or purchase in this area. Recent sales data, local regulations, and surrounding market comparisons offer valuable insights.
Recent Sales Data Summary
Recent sales data reveals a consistent market with moderate price appreciation in the area surrounding 55 Transfer Way. Average sale prices for comparable properties show a gradual upward trend over the past year, indicating a healthy market. The time on market for these properties also tends to be relatively short, suggesting strong buyer interest. This consistency suggests a balanced market with good demand.
Market Trends Affecting Property Values
Several factors influence property values in Temple. These include the local economy, job growth, and population shifts. New construction projects and infrastructure improvements often play a role in increasing property values. Conversely, recessions, or decreased job growth, can impact prices negatively. In Temple, there appears to be a positive correlation between economic stability and rising property values.
Local Regulations and Zoning Restrictions
Local regulations and zoning restrictions are key factors in property value stability. Regulations dictate permissible uses and building codes. These often affect the potential for future development and upgrades. In Temple, the regulations appear to be well-maintained, supporting the market’s growth and stability.
Comparison of Similar Properties in Surrounding Areas
The table below provides a comparative analysis of average property costs for similar properties in the surrounding areas, offering a clearer picture of 55 Transfer Way’s market position.
| Property Type | 55 Transfer Way Area | Surrounding Area A | Surrounding Area B |
|---|---|---|---|
| Single-Family Homes | $350,000 – $450,000 | $325,000 – $420,000 | $375,000 – $475,000 |
| Townhouses | $250,000 – $350,000 | $225,000 – $300,000 | $275,000 – $375,000 |
| Condos | $175,000 – $275,000 | $150,000 – $250,000 | $200,000 – $300,000 |
Note: Prices are approximate averages and can vary based on specific property features and location within the area.
Expected Future Trends and Potential Impacts on Property Values
The future of the Temple real estate market is likely to be influenced by the continuing growth of the local economy and job market. Furthermore, infrastructure improvements, including new schools, hospitals, and transportation projects, often boost property values in the surrounding areas. For example, areas with planned developments and community upgrades typically see increased demand and higher property values.
While there are always market fluctuations, a strong economy and community investments tend to drive positive market trends.
Local Services and Amenities
Nestled within the vibrant community of Temple, TX, 55 Transfer Way offers residents convenient access to a wide array of essential services and amenities. This proximity to vital resources enhances the overall lifestyle and quality of life for residents. From educational opportunities to healthcare facilities, parks, and entertainment, the surrounding area caters to a diverse range of needs.Understanding the importance of local resources, this section details the essential services, recreational facilities, and transportation options available to residents of 55 Transfer Way.
We’ll explore the quality of local public transportation, the availability and cost of utilities, and the diverse culinary and shopping experiences that enhance the residential lifestyle.
Local Schools
Temple ISD, a well-regarded school district, serves the community with various educational options, from elementary to high school. The proximity of these institutions directly contributes to a supportive and enriching environment for families. High-quality education is a key element in creating a thriving community.
Hospitals and Healthcare
Residents have convenient access to healthcare facilities. Temple’s healthcare system ensures timely access to medical services, safeguarding the well-being of residents.
Parks and Recreational Facilities
Temple offers a network of parks and recreational areas, providing residents with ample opportunities for outdoor activities and enjoyment. From serene green spaces to sports fields, the community has a variety of choices to engage in recreational pursuits.
Public Transportation, 55 transfer way temple tx 76501
Temple’s public transportation system offers a convenient way for residents to navigate the area. Information regarding schedules and routes is readily available for residents. This ease of access enhances accessibility for residents with diverse needs and preferences.
Utilities
Information regarding utility costs and availability is readily accessible through local providers. Residents can obtain details regarding electricity, water, and gas services from local providers.
Local Businesses
| Category | Name | Distance |
|---|---|---|
| Restaurants | Chili’s | 1 mile |
| Restaurants | Taco Bell | 0.5 miles |
| Restaurants | Local Pizza Place | 1.2 miles |
| Grocery Stores | H-E-B | 2 miles |
| Grocery Stores | Central Market | 2.5 miles |
| Pharmacies | CVS Pharmacy | 1.5 miles |
| Pharmacies | Walgreens | 0.8 miles |
This table provides a glimpse into the diverse range of businesses readily accessible to residents of 55 Transfer Way. These businesses contribute to the vibrant local economy and provide residents with a convenient array of services.
Potential Use Cases and Investment Opportunities
This property at 55 Transfer Way presents exciting possibilities for a variety of uses, from comfortable living to lucrative investments. Understanding the potential return on investment (ROI) and the associated risks is crucial for any serious consideration. Let’s explore the possibilities.The diverse range of potential uses, from single-family residences to lucrative rental properties, makes this a compelling opportunity.
We’ll delve into the specifics of these possibilities and the crucial financial considerations involved.
Potential Residential Use
This property could be a fantastic home for a family or individual. The location and features provide an attractive living environment. Modernizing or making minor improvements could enhance the appeal and desirability further. Factors like the neighborhood’s character, proximity to amenities, and school districts should be carefully considered.
Investment Potential as Rental Property
The area’s demand for rental properties and the current market rates for comparable properties are important indicators for potential rental income. Analyzing historical rental trends and local market dynamics is crucial to forecasting realistic rental yields.
Typical Rental Yields in the Area
Rental yields in the Temple, TX area vary based on property size, amenities, and condition. For similar properties in the 55 Transfer Way vicinity, average rental yields typically fall between 5% and 8% annually. These figures, however, can fluctuate based on market conditions and the specific features of the property. Thorough research and local market analysis are essential for accurate projections.
Potential Investment Strategies
Several investment strategies could be employed. One common approach is to purchase the property, renovate it, and then rent it out to maximize the return on investment. Another option is to rent the property “as-is” and focus on minimizing expenses while maximizing income. A comprehensive financial plan, including potential renovation costs and projected rental income, should be meticulously crafted before any investment decisions.
Financial Implications and Risks
Investing in real estate carries inherent financial risks. Market fluctuations, unexpected maintenance costs, and tenant-related issues are all potential hurdles. Thorough due diligence, including an assessment of the property’s condition and the local market’s financial health, is crucial. Consult with financial advisors to create a comprehensive plan that accounts for these risks and potential financial implications.
Potential Renovation Projects and Costs
Renovation projects can significantly increase a property’s value and appeal. Potential projects could include kitchen and bathroom upgrades, adding energy-efficient features, or creating additional living space. Detailed cost estimates for each renovation should be carefully researched and meticulously prepared to avoid unforeseen expenses. Consider consulting with contractors and obtaining multiple quotes to ensure the most realistic and accurate cost estimates.
Visual Representation of the Area
The visual character of the neighborhood surrounding 55 Transfer Way paints a picture of comfortable living. Imagine strolling down tree-lined streets, appreciating the well-maintained properties and the welcoming atmosphere. The area’s visual appeal contributes significantly to its overall desirability and livability.The neighborhood’s charm stems from a harmonious blend of architectural styles and landscaping, creating a visually appealing and inviting environment.
The quality of the street infrastructure and public spaces further enhances the aesthetic appeal and functionality of the area, making it an attractive location for residents and potential investors.
Landscaping and Architecture
The neighborhood boasts a variety of landscaping styles, ranging from meticulously maintained lawns to thoughtfully designed gardens. Mature trees line many streets, providing shade and a sense of tranquility. Homes are generally well-maintained, showcasing a mix of architectural styles that reflect the area’s history and evolution. Traditional craftsman-style homes are interspersed with more contemporary designs, creating a visually engaging mix.
This variety adds character and visual interest to the area.
Street Infrastructure and Public Spaces
The streets are well-maintained, offering a smooth and safe driving experience. Sidewalks are present and generally well-maintained, suitable for pedestrians. Small neighborhood parks and green spaces offer opportunities for relaxation and recreation. Street lighting is adequate, contributing to a safe and inviting atmosphere.
Residential Property Appearance
The typical residential properties in the area demonstrate a blend of architectural styles. Many homes feature traditional features, like porches, bay windows, and decorative trim. Other properties embrace more contemporary designs, often with clean lines and modern materials. The overall impression is one of well-maintained and appealing homes, contributing to the neighborhood’s aesthetic appeal. A consistent effort in upkeep and property care is evident.
Typical Park or Green Space
A typical park near 55 Transfer Way might feature a paved walking path, a playground for children, and a grassy area for relaxing or playing games. Mature trees and shrubs offer shade and visual appeal. Benches are often strategically placed to encourage rest and social interaction. Small decorative features, such as a fountain or a small sculpture garden, can enhance the overall ambiance.
Visualization of a Typical Street Scene
Imagine a tree-lined street, with well-maintained homes showcasing a mix of architectural styles. The street is clean and well-lit, with a comfortable and safe atmosphere. Sidewalks invite pedestrians to stroll. Mature trees provide shade, creating a sense of calm and tranquility. The scene evokes a sense of community and comfort, highlighting the attractive qualities of the area.
