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    Money Matters

    This Houston neighborhood boasted the biggest profits for sellers in 2017

    Arden Ward
    Jun 29, 2018 | 9:01 am
    Home for sale in Houston's Lazybrook/Timbergrove neighborhood
    Lazybrook/Timbergrove sellers made big bucks in 2017.
    Photo courtesy of Zillow

    Houston homeowners who sold their digs in 2017 made a pretty penny, especially in one hot 'hood. According to a new report from Zillow, the Houston housing market was one of a few in the U.S. where sellers profited enough from selling their home to cover their next down payment.

    Last year, Houston-area homes sold for a median of $43,374 more than the original purchase price, a gain of 24.7 percent. Zillow says the current 20 percent down payment on a median-priced Houston home is $39,100, meaning sellers profited enough to afford their next down payment — and then some.

    Homeowners in sought-after Lazybrook/Timbergrove cashed in even more. Homes in that neighborhood sold for a whopping $87,879 more than the purchase price in 2017. (The typical local seller owned the home for 8.3 years prior to selling; Lazybrook sellers sold after only 4.4 years.)

    "In a housing market that’s been plagued by low inventory and increasing demand, homeowners in the nation’s hottest markets have been able to cash in when they sell their homes," said Zillow senior economist Aaron Terrazas in a release.

    Across the nation, homes sold for 21 percent more than the purchase price, or $39,000. In Texas, Houston, Austin, and Dallas-Fort Worth exceeded the national average; only San Antonians made less. There, homes sold for 19.7 percent over the purchase price, or $34,029, which is less than the $36,560 needed for a down payment right now.

    DFW boasted the highest return in Texas: 31.4 percent, or $56,297. And with the median down payment estimated at $45,020, DFW residents were left with a nice cushion for their next move. In Austin, homeowners profited $57,697 — 27.1 percent more than what they paid for their home, but slightly less than the median down payment of $58,620.

    The Texas figures pale in comparison to California, where San Jose and San Francisco sellers made $296,000 and $222,000, respectively.

    zillow
    news/real-estate

    A city retreat

    Houston fave Frank Billingley's house hits the market for $1.5 million

    Holly Beretto
    Jun 23, 2025 | 1:45 pm
    38 Hackberry Lane exterior
    Josh Gremillion for Martha Turner Sotheby's International Realty
    38 Hackberry Lane, currently owned by Frank Billingsley, is on the market for $1.525 million.

    Set just off Mid Lane is a beautiful, custom-built home. Located at 38 Hackberry Lane, the four-bedroom, three-and-a-half bath home with great details is now on the market for $1.525 million, represented by Corey Lipscomb of Martha Turner Sotheby's International Realty.

    With 3,356 square feet of living space and sitting on a lot that’s more than 8,300 square feet, the home is currently owned by Frank Billingsley, current executive producer and co-host of Houston Public Media’s Hello Houston. Audiences will also recall him as the longtime meteorologist for KPRC-TV in Houston.

    Upon entering the home’s double doors, potential buyers will be captivated by the home's dark, hardwood floors, and a dramatic, custom, wrought-iron staircase. The entryway also offers views of the living room, which features a fireplace, recessed lighting, and French doors that lead to a covered patio and the pool. A wet bar with porcelain counters and an ice maker are right off the living room, handy access for sharing cocktails with guests.

    The formal dining room has custom millwork, inlaid hardwood floors, and French doors leading directly to the pool deck. Large windows offer abundant natural light and sweeping views of the backyard.

    The kitchen offers porcelain countertops, a gas range, stainless appliances, and plenty of storage. It’s anchored by an island that has bar seating. A breakfast room is an ideal spot to begin the day with a cup of coffee.

    Upstairs, the primary suite has its own fireplace and sitting room, making it a true owner’s retreat. The primary suite bath has a double sink vanity, seamless glass shower and separate soaking tub, as well as a walk-in closet. The additional bedrooms on the second floor each have a Hollywood bath. The fourth bedroom is on the third floor, with a full bath and walk-in closet.

    The beautifully landscaped yard is perfect for entertaining, with a covered loggia with fireplace, hot tub, pool, and a covered patio.

    With its location not far from Highland Village, Central Market, and the Galleria, this is a home that those who want to be in the heart of it all, while still feeling like they have an oasis in the city.

    38 Hackberry Lane exterior
      

    Photo by Josh Gremillion for Martha Turner Sotheby's International Realty

    38 Hackberry Lane, currently owned by Frank Billingsley, is on the market for $1.525 million.

    home-for-salecelebritiesfrank billingsley
    news/real-estate
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