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    Houston's History Mansion

    Stately history: $4.15 million Houston mansion flaunts its very prestigious address and English style

    Barbara Kuntz
    Barbara Kuntz
    Oct 31, 2014 | 2:01 pm

    Editor's Note: Houston, the surrounding areas and beyond are loaded with must-have houses for sale in all shapes, sizes and price ranges. In this continuing series, CultureMap snoops through some of the best and gives you the lowdown on what's hot on the market.

    Displaying traditional elegance at its best on one of Houston's most prestigious streets, a Joseph Finger-designed historic residence impresses with its stately English-style architecture and oversized lot with mature trees — and a $4,150,000 million asking price.

    Walk through
    Located at 1740 South Boulevard near Rice University and the Museum District, the three-story house, built in 1936 with upgrades by Eubanks Group Architects and Pasternak Custom Homes, welcomes with its timeless red-brick exterior and lush landscaping.

    Enter into a spacious foyer with sweeping staircase to find the formal living room with hardwood flooring, high ceilings, elegant moldings and lots of light pouring in through the restored original windows and French doors. A wood-burning fireplace with stone surround anchors one end of the room, while the other provides the perfect place for another sitting area. Just beyond is a window-lined study or sunroom overlooking the backyard. Original hardware is found throughout.

    The gourmet kitchen offers top-of-the-line appliances, plenty of storage, oversized island with seating and a befitting farmhouse sink. A charming breakfast room sits just off the kitchen and includes open custom built-in cabinets and a wine service counter. The kitchen opens to the large family room with vaulted ceilings, built-in bookshelves and the second wood-burning fireplace.

    All four bedrooms, including the master suite, are located on the second and third floors. The master bedroom with adjoining sitting area enjoys views from its second-story perch overlooking the grounds. Highlights of the master bath are marble floors and counters, dual sink and vanity, soaking tub and oversized frameless glass shower. In total, the house has four full and two half-baths.

    Step outside
    A large covered porch in back is designed to become a screened-in area, if desired, and offers an outdoor kitchen for al fresco dining and entertaining. The porch takes in views of the expansive backyard, just part of the one-half acre lot. The three-car garage is attached.

    Square footage: 5,914

    Asking price: $4,150,000

    Listing agent: Kathleen Wetmore, John Daugherty Realtors

    Welcome to 1740 South Boulevard.

    On the Market 1740 South Boulevard October 2014 front exterior
    Photo courtesy of © TK Images
    Welcome to 1740 South Boulevard.
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    news/real-estate

    housing news

    This is how much longer Texans must save for a home than in 2016

    Amber Heckler
    Jul 6, 2026 | 4:00 pm
    House fund
    Photo by Kostiantyn Li on Unsplash
    It would take more than 7 years for a Texas household making over $84,000 a year to save enough money for a down payment on a home.

    It's no secret that purchasing a home in 2026 has become an ever-shifting financial goalpost that requires a lot more money than it used to. And a new study has just revealed it takes 9 months longer for Texas residents to save for a down payment than it did a decade ago.

    SmartAsset's new report, "Where the Down Payment Burden Has Grown Most," analyzed typical home values in each state in 2016 and 2026, and compared them with median household income to estimate how many years of savings would be required to afford a 20 percent down payment (based on the assumption that households set aside 10 percent of their annual income). The analysis also evaluated how long a minimum-wage earner in each state would need to save for a down payment in 2026.

    For Texans making the state's median household income of $84,084 in 2026, it would take 7.2 years to save enough money for a down payment on a house with the state's typical home value of $302,187.

    In 2016, it would have taken a little less than 6.5 years based on a median household income of $56,565 and typical home values at $181,155.

    Texas ranks 41st nationally in SmartAsset's comparison of states with the highest increases in the amount of time needed to save for a down payment from 2016 to 2026. The report's findings proved how "saving for a down payment has become a moving target" for many Texas residents and Americans as a whole.

    "As rising home prices outstrip wage growth, the amount of time buyers may need to set aside enough money has changed sharply in many parts of the country," the report said. "In some states, rising incomes have helped offset higher home values. In others, buyers may face a substantially longer path to ownership than they did just one decade ago."

    Homebuying prospects for minimum wage earners
    For a minimum wage earner residing in Texas, it would take 40.1 years to save enough money for a down payment at current home prices. Texas and 19 other states have a $7.25 hourly minimum wage, which amounts to just over $15,000 a year.

    SmartAsset further confirmed that it's "essentially impossible" to save for a down payment on a minimum wage income alone regardless of which state you live in.

    "Even in Missouri, the most favorable state, a minimum-wage earner would need 17 years to save enough for a home down payment," the report added. "In Utah, that timeline exceeds 70 years."

    The top 10 states where the "down payment burden" has grown the most are:

    • No. 1 – Idaho
    • No. 2 – Rhode Island
    • No. 3 – New Hampshire
    • No. 4 – Maine
    • No. 5 – Utah
    • no. 6 – Montana
    • No. 7 – Washington
    • No. 8 – New Jersey
    • No. 9 – New York
    • No. 10 – Massachusetts
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