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GRAPEVINE COLLEYVILLE SOUTHLAKE EDITION VOLUME 7, ISSUE 5 | JULY 15-AUG. 14, 2017 Sign up to get relevant, objective and web-exclusive stories delivered straight to your inbox. More local news. More often. 6 COMING SOON: PROTEIN FIT KITCHEN Business to offer chef-prepared food 21 CLASSIC WINE STORAGE & SERVICES Couple starts Southlake business 22 BIG FISH SEAFOOD GRILL Local eatery focuses on shrimp, fish Home sales spur rising appraisals BY SHERELLE BLACK INSIDE, FIND 8 PAGES OF COVERAGE REAL ESTATE 2017-18 Edition BY SHERELLE BLACK 1 Luxury multistory housing becoming an option in Southlake For many years the only housing option available for people looking to live in Southlake was single-fam- ily homes. However, in Southlake Town Square, there are now brown- stones available for purchase as well as condominiums that are being con- structed. The brownstones were built in two phases with the first phase coming online in 2006 and the second Four real estate trends to know in Grapevine, Colleyville, Southlake CONTINUED ON 14 LOS ANGELES LONG BEACH ANAHEIM AREA NEW YORK NEWARK JERSEY CITY WASHINGTON D.C. AREA AUSTIN HOUSTON The North Texas real estate market is booming with average new and existing home prices increasing. Here are reasons people are moving to the area to buy homes: 7,041* 4,307* 9,013* 13,852* 5,431* 3,467* CHICAGO AREA *Number of people who relocated to Dallas-Fort Worth area in 2015 ATLANTA AREA 4,070* 3 REASONS WHY PEOPLE ARE MOVING TO GRAPEVINE, COLLEYVILLE, SOUTHLAKE 1 Kubota Tractor Corp., 600 employees • Grapevine 2 Jamba Juice, 100 employees • Frisco 3 Facebook Data Center Fort Worth, 150 employees • Alliance 4 Charles Schwab Offices, 5,000 employees • Westlake 5 Toyota Motor Corp. Headquarters, 4,000 employees • Plano CALIFORNIA EFFECT SCHOOL DISTRICTS DFW AIRPORT STORY ON PAGE 12 Officials with the Tarrant Appraisal District said as a result of several companies relocating their headquarters from California to Texas or expanding their operations to the Lone Star State, residents in Tarrant County are seeing a surge in their property appraisals, causing an uptick in their property tax bills. Here are some of the companies that have relocated or expanded to the Dallas-Fort Worth Metroplex: Local Realtors said they often find people choose to live in Grapevine, Colleyville and Southlake because of its close proximity to the Dallas/Fort Worth International Airport. Realtors also attribute the two school districts—Carroll and Grapevine- Colleyville ISDs—as reasons why people move to Grapevine, Colleyville and Southlake. 1 2 3 3 4 1 5 2 121 183 161 35E 35E 35W 377 380 635 N 114 Frisco Plano Lewisville Grapevine Irving Hurst Westlake Alliance SOURCE: 2017 TEXAS RELOCATION REPORT/COMMUNITY IMPACT NEWSPAPER COURTESY THE GARDEN DISTRICT AT SOUTHLAKE TOWN SQUARE The brownstones in Southlake Town Square are a multistory housing option. Every major city in the U.S. can be accessed within 4 hours Graduation rate: CISD 100 percent • GCISD 96.2 percent Both districts historically score above national and state averages on assessments Ranks 10th in the world in terms of passengers

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GRAPEVINECOLLEYVILLESOUTHLAKE EDITIONVOLUME 7, ISSUE 5 | JULY 15-AUG. 14, 2017

Sign up to get relevant, objective and web-exclusive stories

delivered straight to your inbox.

More local news. More often.

6 COMING SOON: PROTEIN FIT KITCHENBusiness to offer chef-prepared food

21 CLASSIC WINE STORAGE & SERVICESCouple starts Southlake business

22 BIG FISH SEAFOOD GRILLLocal eatery focuses on shrimp, fish

Home sales spur rising appraisals

BY SHERELLE BLACK

INSIDE, FIND 8 PAGES OF COVERAGE

REAL ESTATE2017-18 Edition

BY SHERELLE BLACK

1 Luxury multistory housing becoming an option in Southlake

For many years the only housing option available for people looking to live in Southlake was single-fam-ily homes. However, in Southlake

Town Square, there are now brown-stones available for purchase as well as condominiums that are being con-structed. The brownstones were built in two phases with the first phase coming online in 2006 and the second

Four real estate trends to know in Grapevine, Colleyville, Southlake

CONTINUED ON 14

LOS ANGELES LONG BEACH

ANAHEIM AREA

NEW YORK NEWARK

JERSEY CITY

WASHINGTON D.C. AREA

AUSTIN

HOUSTON

The North Texas real estate market is booming with average new and existing home prices increasing. Here are reasons people are moving to the area to buy homes:

7,041*

4,307*

9,013*

13,852*

5,431*

3,467*

CHICAGO AREA

*Number of people who relocated to Dallas-Fort Worth area in 2015

ATLANTA AREA

4,070*

3 REASONS WHY PEOPLE ARE MOVING TOGRAPEVINE, COLLEYVILLE, SOUTHLAKE

1 Kubota Tractor Corp.,

600 employees • Grapevine

2 Jamba Juice,

100 employees • Frisco

3 Facebook Data Center

Fort Worth, 150 employees • Alliance

4 Charles Schwab Offices,

5,000 employees • Westlake

5 Toyota Motor Corp. Headquarters,

4,000 employees • Plano

CALIFORNIA EFFECT

SCHOOL DISTRICTS DFW AIRPORT

STORY ON PAGE 12

Officials with the Tarrant Appraisal District said as a result of several companies relocating their headquarters from California to Texas or expanding their operations to the Lone Star State, residents in Tarrant County are seeing a surge in their property appraisals, causing an uptick in their property tax bills. Here are some of the companies that have relocated or expanded to the Dallas-Fort Worth Metroplex:

Local Realtors said they often find people choose to live in Grapevine, Colleyville and Southlake because of its close proximity to the Dallas/Fort Worth International Airport.

Realtors also attribute the two school districts—Carroll and Grapevine-Colleyville ISDs—as reasons why people move to Grapevine, Colleyville and Southlake.

1

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Frisco

PlanoLewisville

Grapevine

IrvingHurst

Westlake

Alliance

SOURCE: 2017 TEXAS RELOCATION REPORT/COMMUNITY IMPACT NEWSPAPER

CO

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The brownstones in Southlake Town Square are a multistory housing option.

Every major city in the U.S. can be accessed within 4 hours

Graduation rate: CISD 100 percent • GCISD 96.2 percent

Both districts historically score above national and state averages on assessments

Ranks 10th in the world in terms of passengers

Community Impact Newspaper • communityimpact.com2

Grapevine | Colleyville | Southlake edition • July 2017 3

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Grapevine | Colleyville | Southlake edition • July 2017 5

PUBLISHERS AND FOUNDERSJohn and Jennifer GarrettPUBLISHER -DFW METROChristal HowardGENERAL MANAGERAna Erwin, [email protected]

EDITORIALMANAGING EDITOR Krista WadsworthEDITOR Sherelle BlackCOPY CHIEF Andy ComerSTAFF WRITERS Abby Bora, Vanessa Holt, Luz Moreno-Lozano, Nora Olabi, Cassidy Ritter CONTRIBUTING WRITER Abigail Allen

ADVERTISINGACCOUNT EXECUTIVE Lindsey McCormack CUSTOMER SERVICE SPECIALIST Kendra Adams

DESIGNCREATIVE DIRECTOR Derek SullivanART PRODUCTION MANAGER Aubrey CadeSENIOR GRAPHIC DESIGNER Jean Henric STAFF DESIGNERS Cathy Chedrawi, Sadie Long

BUSINESSGROUP PUBLISHER Traci RodriguezCHIEF OPERATING OFFICER Claire Love

ABOUT USJohn and Jennifer Garrett began Community Impact Newspaper in 2005 in Pflugerville, Texas. The company’s mission is to build communities of informed citizens and thriving businesses through the collaboration of a passionate team.

CONTACT US7460 Warren Parkway, Ste. 160, Frisco, TX 75034 • 214-618-9001communityimpact.comPRESS RELEASES [email protected] communityimpact.com/subscriptions

© 2017 Community Impact Licensing LLC. All Rights Reserved. No reproduction of any portion of this issue is allowed without written permission from the publisher.

Do you have a question about how local government works or something going on in town? Send it to [email protected].

Proudly printed by:

Ana ErwinGENERAL MANAGER

[email protected]

Sherelle [email protected]

If you’re anything like me, you’ve been wondering how much your home’s prop-erty value has increased over the past few years, and if you were to sell your home, would you be able to find another home in the same area? I have these conversa-tions with my husband often, and I hear about it from friends in the community almost daily.

These questions, among many others, have us wondering if the market will only get hotter, so our editor took the time to reach out to local real estate professionals to guide us through these questions and give us a road map for what we should expect (see pages 12 and

13). We’ve also loaded this issue with what we hope will be useful content, including short stories highlighting news and trends (see pages 14 and 15) in the local real estate sector.

For many of us, our homes are perhaps the most important financial investment we might ever make, and as your hyperlocal news outlet, we want to arm you with information as you con-tinue to make these big investments.

I hope you enjoy this edition of our paper, and if you have any feedback on our real estate coverage or any other news we cover, feel free to email me at [email protected].

Almost all property owners in Tarrant County will pay taxes to at least five local taxing units: the county; the county college district, Tarrant County College; the county hospital district, John Peter Smith Health Network; a city; and a school district.

Some residents will also pay taxes to the Tarrant Water District and/or the emergency services district that provides emergency service to residents in unin-corporated areas of the county.

With the exception of the cities of Grapevine and Colleyville and Grapevine-Colleyville ISD, property taxes for all taxing entities wholly within Tarrant County are collected by the county tax assessor-col-lector through contract.

The governing bodies of the local taxing entities, such as school boards and city councils, publish their tax rates every August.

The county tax assessor-collector will then apply the tax rates adopted by the taxing units to a resident’s home appraisal value and send out tax statements in October of each year.

FROM THE GENERAL MANAGER

ASK THE EDITOR FEATURED STORIES

ADVERTISE WITH USFor advertising inquiries, please contact us at [email protected].

6 IMPACTSNow Open, Coming Soon & more

8 TO-DO LIST

9 TRANSPORTATION UPDATES

10 CITY & SCHOOL

SPECIAL SECTIONREAL ESTATE EDITION

17 HOME RENOVATION GUIDE

18 INSIDE INFORMATION Learn the pros and cons to buying new, buying old or renting a home

19 INSIDE INFORMATION A guide to loans

20 REAL ESTATEMarket data for Grapevine, Colleyville and Southlake

21 BUSINESS FEATUREClassic Wine Storage & Services

22 DINING FEATUREBig Fish Seafood Grill

23 IMPACT DEALS

Our Real Estate Guide: Real informational

Where are my property taxes going?

Community Impact Newspaper • communityimpact.com6

IMPACTSdresses, shoes and accessories. 469-844-2549. www.grapevinemills.com

5 Rojas School of Music opened in May at 1469 W. SH 114, Grapevine. The busi-ness offers music lessons at home as well as in the studio. Music lessons for violin, guitar, piano, viola, clarinet and cello are offered. 817-329-3222. www.rojasschoolofmusic.com

6 Red Diamond Home Loans opened in April at 165 S. Kimball Ave., Ste. 100, South-lake. The family-owned mortgage banking company specializes in home loans. 817-832-8452. www.rdhloans.com

7 Sewell BMW of Grapevine opened June 27 at 1111 E. SH 114, Grapevine. The 300,000-square-foot dealership features a two-story showroom showcasing 35 of the latest BMW models, another indoor display area with additional vehicles, and a second-floor premium showroom show-casing the M Performance line and custom vehicles. 817-912-4500. www.sewell.com

COMING SOON

8 Luv 2 Play will open by the end of the year at 5311 William D. Tate Ave., Grape-vine. The indoor playground will feature a soft climbing wall, arcade games, private party rooms and kinetic sand tables as well as a cafe. 855-752-9002. http://luv2play.com

9 Evereve will open in Southlake Town Square at 319 Grand Ave., Southlake, in October. The women’s retailer will sell jeans, pants, dresses, shoes and accesso-ries. 877-290-6262. www.evereve.com

10 Madewell will open in Southlake Town Square at 267 Grand Avenue across from the Apple Store. The retailer will sell wom-en’s denim, leather jackets, dresses, bags, shirts and shoes. An opening date has not been announced. www.madewell.com

11 Gameday at The Gift Store will open Aug. 5 at 2225 W. Southlake Blvd., Ste. 429, Southlake. The retailer will sell custom Dragon Nation clothing items, tailgate items, spirit blankets, notecards, jewelry, home decor, collegiate items and gift items as well as Keller Indian items. 817-912-1919. www.thegiftstore.net

NOW OPEN

1 Brazos Running Co. opened June 17 at 5505 Colleyville Blvd., Ste. 120, Colleyville. The retailer offers a selection of shoes, apparel, accessories and nutrition for runners, walkers and fitness enthusi-asts. 817-605-9401

2 Refine Medical Spa opened in May at 2900 W. Southlake Blvd., Ste. 160, South-lake. Services include wrinkle relaxers, such as Botox, Dysport and Xeomin as well as fillers, which include Juvederm, Restylane, Radiesse, Kybella and Sculptra. 817-379-9397. www.refine-medspa.com

3 Ristorante Mulino opened in June at

1125 Davis Blvd., Ste. 450, Southlake. The restaurant serves Neapolitan pizza, soups, salads and pasta dishes. 817-329-2071. http://mulinotx.com

4 True Religion Outlet opened in May near Nautica inside Grapevine Mills, 3000 Grapevine Mills Parkway, Grapevine. The retailer offers designer denim, shirts,

Businesses that have recently opened, are coming soon, relocating or expanding.

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TM; © 2017 COMMUNITY IMPACT LICENSING LLC. ALL RIGHTS RESERVED.

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VILLAGE LANE

Regional food from Veracruz, Mexico

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HAPPY HOURMon-Thurs 5pm-7pm

Wednesday Night Half Priced Wine Bottles

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Located at Grapevine Station!

Ruth Wall Rd.

E. Wall St.

26

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MARIACHI NIGHT

Grapevine | Colleyville | Southlake edition • July 2017 7

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FEATURED IMPACT — PROTEIN FIT KITCHEN

Protein Fit Kitchen will open in August in Park Village at 1151 E. Southlake Blvd., Ste. 390, Southlake. The business will offer chef-prepared, nutritionally balanced and protein-rich meals, snacks, milkshakes made with nut milk and tonics to support active lifestyles. 817-329-2372. www.proteinfitkitchen.com

12 Doughlicious will open in August at 129 S. Main St., Grapevine. The business will sell ready-to-eat cookie dough in fla-vors such as chocolate chip, sugar cookie, s’mores, birthday cake and chocolate dream. www.doughlicioususa.com

13 Husband-and-wife duo Jonathan and Grace Darko will open a Dickey’s Barbe-cue Pit in Grapevine in January. The loca-tion has not been announced yet. Menu items will include pulled pork, turkey, fried okra, baked potato casserole, salads and baked potatoes. www.dickeys.com

14 Unleavened Fresh Kitchen will open in Southlake Town Square at 250 State St., Southlake, late this year or early next year. The fast-casual restaurant will serve healthy breakfast, lunch and dinner items. Some of the menu items include wraps, salads, soups, acai bowls, popsicles and fresh fruit. http://unleavened.com

15 Sophie Tel Diaz Realtors’ brick-and-mortar office will open in July at 28 Village Lane, Ste. 100, Colleyville. The real estate business offers its clients resources to help market their property for sale. 817-784-7160. www.sophieteldiaz.com

RELOCATIONS

16 Texan Allergy & Sinus Center relo-cated June 22 to 1650 Northwest High-way, Ste. 202, Grapevine, from 823 Ira E. Woods Ave., Ste. 200, Grapevine. The facility offers care for patients who have

seasonal or food allergies. 972-535-6924. www.texanallergy.com

17 Ryan Wayne Salon relocated in June to 5017 Colleyville Blvd., Colleyville, from 16 Village Lane, Ste. 180, Colleyville. Services include haircuts, highlights, color correcting, hair extensions and Brazilian blowouts as well as makeup and nail ser-vices. 817-489-9767. http://ryanwaynesalon.com

ANNIVERSARIES

18 On July 5, Lo-Lo’s Chicken & Waffles Southlake celebrated one year in business at 1201 E. SH 114, Ste. 100, Southlake. The restaurant offers catfish, fried green beans, shrimp macaroni and cheese, and burgers. 817-251-2663. http://loloschickenandwaffles.com

19 The Grapevine Chamber of Com-merce, which is located at 200 Vine St., cel-ebrates 65 years of service in July. Founded in 1952, the chamber provides a medium through which people can take effective action for the progress of Grapevine. A cel-ebration will be held July 20 from 5-7 p.m. at the Grapevine Convention Center. 817-481-1522. www.grapevinechamber.org

COMPILED BY SHERELLE BLACK News or questions about Grapevine,

Colleyville or Southlake? Email us at [email protected].

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MOST MAJOR INSURANCE ACCEPTED.

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AT COMPASSION DERMATOLOGY, BEAUTY IS MORE THAN SKIN-DEEP. IT’S SOUL-DEEP.

Coming Soon!

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EXCLUSIVE SOUTHLAKE GATED LUXURY HOMESITES

32 - One Acre HomesitesGated Entry

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Walking distance to 758 Acres of Bob Jones Nature Preserve and Park

Walk to Lake Grapevine and Hiking TrailsMinutes from Southlake Town Square and Future Carillon ParcHeavily Wooded Lots/Rolling Hills/Cross Timbers Ecosystem

Keeping the Country in Southlake

Community Impact Newspaper • communityimpact.com8

COMPILED BY SHERELLE BLACKLOCAL EVENTS

See a list of full events at communityimpact.com/events.

To-do listYour ultimate local guide for events, business openings, meetings and more in the months of July and August

JULY 31

Belly dance troupe tells adventures of SinbadBellydance Evolution brings to life the ancient adventures of Sinbad, as told by Scheherazade, in an effort to save her life from the enraged King Shariar. Follow Sinbad as he encounters giant birds, savages and treasures. 7:30 p.m. $25-$30. Palace Theatre, 300 S. Main St., Grapevine. 817-410-3100. http://bellydanceevolution.com

COURTESY BELLYDANCE EVOLUTION

JULY 19

County master gardeners on hand at nature centerGuests can do some light gardening alongside Tarrant County master gar-deners or stop by and ask questions. Mi-nors must be accompanied by an adult. 9-11 a.m. Free. Bob Jones Nature Center, 355 E. Bob Jones Road, Southlake. 817-491-6333. http://bjnc.org

JULY 26

Enhance creative writing skills with Harry PotterThe Colleyville Public Library hosts a workshop in which students in grades 4-8 travel to Hogwarts to develop creative writing skills. 2-4 p.m. Free. Colleyville Public Library, 110 Main St., Colleyville. 817-503-1154. http://colleyvillelibrary.com

LIVE MUSIC CALENDARTAP-IN GRILL & PUB120 S. Main St., Grapevine

817-329-3117• www.thetapin.com

July21 Mescaline Americans, 8:30 p.m.22 Kwake, 8:30 p.m.24 Open Jam/mic night, 8 p.m.25 Live acoustic music, 7 p.m.27 Jesse Zuniga, 7:30 p.m.

AUG. 12

Block party to raise money for St. Jude’s researchChildren of all ages are granted a com-munity neighborhood sidewalk to draw on with chalk. SoCal Tacos, Chick-fil-A, In-N-Out Burger, and the Grapevine police and fire departments will be in attendance. Noon-6 p.m. Free. 2030 Wedgewood Drive, Grapevine.

Find more or submit Grapevine, Colleyville or Southlake events at communityimpact.com/gcs-calendar.

Event organizers can submit local events online to be considered for the print edition. Submitting details for consideration does not guarantee publication.

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RAFFLE • LUNCH • SPEAKERS

Grapevine | Colleyville | Southlake edition • July 2017 9

RECENT UPDATES

COMPILED BY SHERELLE BLACKTRANSPORTATION

SH 121 expansion

Current activities include the reconstruc-tion of the entrance ramp that was closed months ago due to work in the Grapevine Mills Boulevard/Sandy Lake Road bridge area. Concrete paving is upcoming. In July workers will continue concrete paving on the southbound main lanes at the south end of the project. They will continue concrete paving from Grapevine Mills’ bridge to the southern project limits of the northbound side and continue per-manent striping where applicable.

Timeline: March 2014-September 2017

Cost: $58.8 million

Funding sources: TxDOT, North Central Texas Council of Governments, federal funds

Glade Road Phase 1A

Colleyville’s Glade Road project began in June with a focus on Phase 1A, which runs from just west of Bransford Road to SH 26. The project consists of rebuilding the existing road surface, installing a drainage system, a new bridge along Glade west of Bransford, and installing sidewalks and trails along both sides of Glade within the project limits. Crews are preparing the site for a new fiber com-munication system, placing new storm drains and removing existing asphalt.

Timeline: June-October 2017

Cost: $1.97 million

Funding source: city of Colleyville

All information on this page was updated as of 7/10/17. News or questions about these or other local transportation projects? Email us at [email protected].

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SH 26 widening

Along SH 26 in Colleyville, motorists can expect to see construction activity con-tinue south of Centerpark Drive, including bridge work at the Little Bear Creek bridge and storm drainage work near Brown Trail and Centerpark. Construction activity throughout the rest of the project will include preparation of the right of way, excavation and storm drainage work on the west side of SH 26 between Cen-terpark and John McCain Road.

Timeline: November 2016-19

Cost: $38.2 million

Funding source: Texas Department of Transportation

SH 121/SH 360 interchange

Paving crews are still working between north and southbound SH 121 in Grapevine. Grading and drainage work is ongoing on the new northbound SH 360 alignment to westbound SH 114. This summer crews will finish setting the bridge beams on the project and continue working on bridge deck placement on three of the bridges. The new eastbound SH 114 flyover to southbound SH 121 is expected to open at the end of the summer. The current flyover will then be reconfig-ured for eastbound SH 114 to south-bound SH 360.

Timeline: Aug. 30, 2016-2018

Cost: $61 million

Funding source: TxDOT

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SOUTHLAKE

Community Impact Newspaper • communityimpact.com10

CITY & SCHOOL

Plans emerge for The Village at Carillon Parc, a proposed mixed-use development in Southlake

Grapevine residents to ultimately decide fate of possible Heritage Ave. bridge

Colleyville P&Z denies RaceTrac gas station

SOUTHLAKE Developers on June 28 gave Southlake officials and residents a first look at the proposed plans for The Village at Carillon Parc, which

sits on 42 acres between North White Chapel Boulevard and Carroll Avenue on SH 114. The development team, lead by former Southlake mayor John Terrell, gave a presentation on the development. Terrell said the devel-opment will have a European feel and offer chef-driven restaurants, a possible culinary school, health and medical uses, a park and an amphi-theater.

Terrell made it clear in his presen-tation that The Village at Carillon Parc would offer residents some-thing different from Southlake Town Square in terms of retail, restaurants, and its overall look and feel. Ter-rell said the development will not contain the large chain stores that Town Square has; instead it will offer unique boutique stores.

If approved, the city’s library will move from the basement of Town Hall to the development.

GRAPEVINE Among the items up for consideration on the Grapevine City Council’s agenda June 20 was the removal of the construction of a Heritage Avenue bridge from the list of proposed bond projects.

Prior to the council considering removal of the project, it heard from several residents: some who were for the project and some who were not.

Several residents said they were against the bridge as it would negatively impact Parr Park and the surrounding neighborhoods. Others

were in favor of the bridge as they said it would shorten commute time and improve emergency responders’ response time. Ultimately, the council decided not to remove the bridge from the list of proposed bond projects.

Members decided to hold a public hearing July 17 to discuss and inform residents on potential bond projects.

The public meeting will be held at the Grapevine Convention Center, 1209 S. Main St., Grapevine.

Doors open at 6 p.m., and the hear-ing starts at 6:30 p.m.

COLLEYVILLE At the June 12 meeting of the planning and zoning commis-sion, two special-use permits sought by RaceTrac were denied.

The first permit was for a conve-nience store with gasoline sales at 7015 Colleyville Blvd., near Bear Creek Spirits & Wine, and the other was for alcoholic beverage sales of beer and wine only for off-premises consumption.

The commission noted that a gas station is not consistent with the vision that the city’s comprehensive plan has for that property.

Specifically, the vision calls for quality retail and restaurant uses that generate sales tax.

Although the gas station would have retail and food components, commissioners felt the property was intended for higher-quality uses.

The permits are expected to come before City Council on July 18.

News from Grapevine, Colleyville, Southlake and Grapevine-Colleyville ISD COMPILED BY SHERELLE BLACK

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MEETING HIGHLIGHTS

SOUTHLAKE Carroll ISD board President Chris Archer filed on June 9 to run for Southlake City Council Place 6. If elected Sept. 9, Archer said he will step down from the board. Shauna Newman has also filed.

COLLEYVILLE At the June 20 City Council work session, members heard detailed plans about a community garden at McPherson Park. Mayor Richard Newton directed staff to put the garden on a future council agenda so that action may be taken.

NUMBER TO KNOW

$172M At the June 19 Grapevine-

Colleyville ISD board of trustees meeting, members adopted a $172 million general operating budget for the 2017-18 school year, which is a $15 million increase from last year’s budget. The budget includes a 2 percent compensation adjustment for all district employees. It also includes a recapture payment of $44 million.

MEETINGS

Colleyville City Council meets at 7:30 p.m. the first and third Tuesday of each month www.colleyville.com

Grapevine City Council meets at 7:30 p.m. the first and third Tuesday of each month www.grapevinetexas.gov

Southlake City Council meets at 5:30 p.m. the first and third Tuesday of each month www.cityofsouthlake.com

Grapevine-Colleyville ISD meets at 7 p.m. the fourth Monday of each month www.gcisd-k12.org

Carroll ISD meets at 5:30 p.m. the first and third Monday of each month www.southlakecarroll.edu

For instant coverage of these meetings, follow us on Twitter: @impactnews_gcs

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Grapevine | Colleyville | Southlake edition • July 2017 11

First Financial BankRyan Wall, Executive Vice President, Consumer Lending

First Financial Bank is proud to offer Bridge loans and Temporary financing for single family residential purchases. This approach to financing allows for customers to take advantage of timing opportunities and fill the gap when traditional financing options are not available. Loan decisions are made locally and we can accommodate quick closing requirements.

Strict permanent mortgage guidelines have created problems for customers in an extremely hot real estate market. Customers want to secure a new home, move and then sell their old home and sellers typically won’t accept contingent offers. Because of that, buyers either need the equity from their current home OR they need to eliminate that monthly house payment out of their qualifying ratios to obtain conventional financing. According to EVP of Lending, Ryan Wall, “some of our best customers have had road-blocks attempting to qualify for conventional financing. These customers who have done all the right things - have excellent credit, significant equity, substantial cash on hand but still can’t get traditional financing. We listen to the customer to understand the situation and their needs and then craft a loan solution to satisfy that need. The goal is to help the customer secure their new home, monitor the transaction until the old home is sold and then help the customer secure permanent financing. That approach is a win/win situa-tion for everybody.”

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12 Community Impact Newspaper • communityimpact.com

SOURCE: JEN BLACKWOOD, REALTOR, BLACKWOOD REAL ESTATE ADVISORS/COMMUNITY IMPACT NEWSPAPER

2007 2008 2009 2010 2011 2012

Year

2013 2014 2015 2017*2016

$800K

$700K

$600K

$500K

$400K

$300K

$200K

$100K

$0

PRICES CONTINUE TO INCREASEMEDIAN PRICE OF HOMES SOLD

Grapevine

ColleyvilleSouthlake

MED

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The real estate market in Grapevine, Colleyville and Southlake has rebounded from the recession in 2008 with the median prices of homes sold increasing each year since 2012.

Tarrant Appraisal District official: Transplants moving to Metroplex area a cause of rising residential values

Recent home sales spur increase in property appraisals

BY SHERELLE BLACK

Homeowners in Grapevine, Col-leyville and Southlake are seeing increased home values in their annual appraisals this year. This is not the first time, however, that area homeowners have experienced higher valuations.

Since 2015 the total appraised value of homes in Colleyville has increased by approximately 24 percent and by 25 percent in Grapevine and 26 per-cent in Southlake, according to data from Tarrant Appraisal District.

Ted Wilson, principal at Residen-tial Strategies, a residential real estate market research company based in Dallas, said a typical hous-ing market sees a 1-2 percent annual price increase.

Realtor Jen Blackwood with Black-wood Real Estate Advisors said the increase in home values is causing an unbearable load for some homeown-ers, causing more protests.

“Property taxes are a big prob-lem for people because the values are going up so high every year that it’s pricing some people out of their home,” she said. “I know some people’s values have gone up

$3,000-$4,000 a year, and that’s a lot. I know some elderly people who have their houses paid off but can’t afford their property taxes because they live on a fixed income.”

An increase in home values across Tarrant County has caused an uptick in the amount of homeowners filing appraisal protests.

TAD administrator Mary McCoy said as of July 7 there had been 113,000 protests filed, which is a 6.6 percent increase from last year.

Although the appraisal protest can take a significant amount of time, Realtor Alisa Runge with Berkshire Hathaway said she believes it was worth the time this year.

“People have to remember: If you don’t protest this year, that appraisal value sticks, and there is no going back; it will only continue to get higher,” she said. There’s also no negative impact. Even if you pro-tested and they found it was worth more than that what they originally appraised, they aren’t going to go in and bill you at the higher rate.”

Runge said the TAD can only bill homeowners up to 10 percent of the change in value year-over-year.

“If a homeowner had a 30 percent increase, TAD would only be able to tax you on the first 10 percent,” she said. “It doesn’t mean they aren’t going to try and catch up that 30 per-cent in value, but it might take them five years before they can catch that up.”

WHY THE INCREASE?

TAD Residential Appraiser Dan-ielle Goldsmith said the number of people moving to Tarrant County is the reason why home values con-tinue to increase. Goldsmith said TAD appraises homes based on the prices of recent home sales.

“The market is determined by what properties are selling for,” she said. “And there are a lot of people coming from other states, such as California and Georgia, that are buying proper-ties over the actual listing price, and that is the reason why market values are going up.”

Goldsmith said, for example, a home that was built in 1985 may be listed for $200,000, but it may receive an offer for $230,000.

“Once they close on that property they have just made that property worth $230,000, so that lets us know that even though it was built in 1985, people are out here willing to pay $230,000 for a 1985 home,” she said.

Goldsmith said TAD is required by Texas law to appraise homes at 100 percent of market value.

With companies such as Kubota Tractor Corp. moving their headquar-ters from California to Grapevine, and Toyota Motor Corp. moving to Plano, real estate agents said they are seeing an increase in the number of out-of-towners who are able to do cash buys or pay more than the listing price.

“The cost of living is different there,” Goldsmith said. “So they are coming here where the cost of living is cheaper, so they don’t mind going into bidding wars and going over the listing price. But they don’t realize once they do that you have just con-tributed to driving the market up.”

Wilson said since 2011 the Dal-las-Fort Worth area has seen “an incredible influx” of jobs—to the tune of 600,000 positions—which has put an increasing strain on the market.

According to the January 2017 Texas Relocation Report, the total number of people moving to Texas from out of state in 2015 increased 2.8 percent year over year to 553,032 people.

The highest number of people moving to Texas in 2015 came from California with 65,546 people, fol-lowed by Florida with 33,670 people and Louisiana with 31,044 people,

*As of June 30

13Grapevine | Colleyville | Southlake edition • July 2017

HOW DOES TARRANT COUNTYAPPRAISE YOUR HOUSE?

WHAT ARE APPRAISERS LOOKING FOR?

A home appraisal is an evaluation of the cash value of a house and proper-ty. Instead of going out to individual homes to appraise them, the Tarrant Appraisal District uses mass-appraisal techniques to value over 570,000 residential properties. During the mass-appraisal process, appraisers look at a list of “comps” that are comparable houses in the same neighborhood that have been sold recently. The appraiser then compares the comps to the resident’s property and adjusts accordingly.

according to the report.However, it is not only out-of-state

residents who are contributing to the growth. The report states when it comes to people moving to the DFW Metroplex, people moving from Hous-ton and Austin account for the largest amount of new residents. Houston had a total of 13,852 people move to the Metroplex, and Austin had 9,013 people move to DFW in 2015.

However, the influx of Califor-nia residents has helped create and maintain the seller’s market the area is experiencing, according to realtors.

Blackwood said everyone is won-dering if the real estate market is in a bubble and will experience a simi-lar downturn that it took during the Great Recession.

“Right now, no one is forecasting a bubble,” she said. “We are not going to have the same peak and valley like before, but it is going to level off some.”

THE ATTRACTION TO THE AREA

Blackwood said there are two major draws to the Grapevine, Colleyville and Southlake areas—proximity to the Dallas-Fort Worth International Airport and quality school districts.

“Dallas-Fort Worth really is becom-ing this huge hub for businesses,” she said. “So a lot of businesses from the West Coast and the East Coast are coming and meeting in the

middle. And Grapevine/Colleyville/Southlake is in a great location in the Metroplex, especially since it’s so close to the airport.”

Carroll ISD and Grapevine-Col-leyville ISD, with better-than-average state and national test scores and high graduation rates—are also rea-sons why people move to the cities.

“People specifically move here because they love the schools; they love the sports,” she said.

ISSUE OF AFFORDABILITY

Six years ago, at any given time, there were about 25,000 homes on the market for less than $200,000 in the Dallas-Fort Worth area. That number has shrunk to less than 5,000 today, Wilson said.

Because buyers are entering bid-ding wars and homes are selling for more than the listed price, Black-wood said it is becoming harder to find a home that is $300,000 or less in the area.

“Since 2013 we have seen an 84 percent decrease in single-family properties available in Southlake for under $300,000, and in Colleyville, a 75 percent decrease,” she said.

Tell us what you think. Comment at communityimpact.com.

SOURCE: TARRANT APPRAISAL DISTRICT/COMMUNITY IMPACT NEWSPAPER

Square footage AmenitiesNumber of bedrooms and bathrooms

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14 Community Impact Newspaper • communityimpact.com

In the Dallas-Fort Worth area the median monthly rent cost for a home is $1,695, which is higher than the Texas median of $1,500, according to Zillow.

However, the median cost of home rentals in Grapevine, Colleyville and Southlake surpassed both DFW’s and the state’s median rental prices this year with the median monthly lease amount at $3,911 in Southlake, $2,439 in Colleyville and $2,116 in Grapevine.

For those looking to rent an apartment in Grapevine, as Colleyville and Southlake have no apartments, the average rental price continues to increase as well.

In the Dallas area, the fair market rent

for a two-bedroom apartment is $1,031, according to the National Low Income Housing Coalition. In order to afford this level of rent and utilities—without paying more than 30 percent of income on housing—a household must earn $3,437 monthly or $41,240 annually.

Assuming a 40-hour work week, 52 weeks per year, this level of income translates into a wage of $19.83 per hour.

However, in Grapevine, apartment rental rates are much higher than the fair market rent with most two-bedroom apartments starting at $1,500 or higher.

For example, in early July, the cost of the smallest two-bedroom apartment at Camden Riverwalk was $1,719.

2 RENTALS NOT A CHEAP OPTION

in 2014.The brownstones and condos offer

spacious floor plans, top-of-the-line appliances and garages. The starting price for a condominium is $735,000, and prices start at $1.385 million for a brownstone. Although the brown-stones and condominiums were met with some skepticism initially by res-idents concerned with higher-density development, they are almost com-pletely sold out, according to sales rep-resentatives.

A new development, The Village at Carillon Parc, is set to follow the trend

of luxury multilevel housing in South-lake. The development, which sits on 42 acres between North White Chapel Boulevard and Carroll Avenue on SH 114, is proposed to have three-story res-idential lofts above retail and restau-rants.

The development is expected to come before City Council and the plan-ning and zoning commission this year.

In a presentation, development manager John Terrell said the cost per square foot for a loft is expected to range from $400-$450. Developers say there would be 50-60 lofts available for purchase.

CONTINUED FROM 1

Median cost of a monthly home lease in Grapevine, Colleyville and Southlake

The cost of renting a home continues to increase.

2015 2016 2017*

Grapevine Colleyville Southlake

Med

ian

hou

se re

nta

l rat

e

$3,000

$3,500

$4,000

$1,500

$2,000

$2,500

$1,000

$500

$0

SOURCE: MULTIPLE LISTING SERVICE/COMMUNITY IMPACT NEWSPAPER

RE

ND

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ING

CO

UR

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CIT

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F SO

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Proposed plans for The Village at Carillon Parc include residential lofts.

*As of June

$1

,95

9

$2

,673

$3

,75

6

$3

,84

1

$3

,91

1

$2

,75

6

$2

,43

9

$2

,01

0

$2

,11

6

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15Grapevine | Colleyville | Southlake edition • July 2017

If buyers are looking for a home that costs $300,000 or less in Grapevine, they should expect to pay more than the asking price, said Realtor Theresa Mason with MIG Real Estate in Grapevine.

Mason said most of the homes in that price range typically have multiple offers, and buyers who have cash offers usually trump all other offers.

“Because this market is so

4 BIDDING WARS IN GRAPEVINE CAUSING HOMES TO SELL FOR MORE THAN LISTED PRICE

Realtor Jen Blackwood with Blackwood Real Estate Advisors said the chance of buyers finding a home that is $300,000 and less in Grapevine, Colleyville and Southlake is decreasing every year.

“Most of these are properties sold for lot value only or homes that need extensive renovating,” she said. “With fewer lots left in the area to build new construction on, there is a higher demand for land, particularly large lots, but they are hard to come by.”

Since 2013 there has been an 84 percent decrease in single-family

3 HOUSING INVENTORY FOR HOMES UNDER $300,000 DWINDLING

properties available in Southlake for under $300,000 and less, and in Colleyville a 75 percent decrease.

“If you see a single-family home for sale in one of these areas for under 300,000, don’t wait to jump on it; more than likely it’s a great deal,” she said.

Although Grapevine has more homes on the market for $300,000 and less than Colleyville and Southlake, it, too, has seen a decrease in the amount of homes in that price range. In 2015, Grapevine had 278 homes in that price range compared to 85 homes so far this year, representing a 69 percent decrease.

competitive, buyers are trying to find ways to make their offer most appealing to a seller,” she said. “Cash is king, as they say. But for buyers with financing, we’re seeing people offering to pay cash over appraised value and offering to pay [the] seller’s closing costs just to try to compete with some cash offers. Many buyers will submit letters and family photos with their offer as well.”

In June the median sold price was 1.7 percent higher than the median listing price in Grapevine. Last year, the median buyer paid 2 percent more than the listed price, according to statistics from the Multiple Listing Service.

20

17*

Median sold priceMedian listing price

20

16

20

15

Median price sold/listing price for homes in Grapevine at $300,000 or less

Buyers are typically paying more than the listing price for homes $300,000 or less.

$266,500

$255,500

$243,000

$262,000

$250,000

$245,000

SOURCE: MULTIPLE LISTING SERVICE/COMMUNITY IMPACT NEWSPAPER

+1.7%

+2%

+0.82%

Colleyville Southlake Grapevine

2015 2016 2017*

Hou

sin

g in

ven

tory

$3

00

K a

nd

less

200

250

300

50

100

SOURCE: MULTIPLE LISTING SERVICE/COMMUNITY IMPACT NEWSPAPER

Number of homes priced at $300,000 and less in Grapevine, Colleyville and Southlake

2711

278

155

226

91

85

*As of June

*As of June

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17Grapevine | Colleyville | Southlake edition • July 2017

REAL ESTATE

CHEAP JOBS

Update tile to create a sanitary, safe environment

Traditionally, bathing area walls were installed with porous grout, Agrelius said. This can cause the walls of tubs or showers to become moldy from moisture.

“Here in Texas, you can’t control the heat, and [the bathing area is] a wet area,” Agrelius said. “The most effective way to control water is to eliminate the grout by installing slab-like walls.”

By using slab-like walls, including large-format tiles, stone and acrylics, homeowners can avoid the creation of a potentially toxic area, he said.

Invest in landscaping

Affinito said she recommends people selling their homes only invest in renovations that will result in more than a 100 percent return. Hiring a landscaper to add mulch and clean up the lawn for a few hours is often worth the investment.

“You don’t have to go crazy with it,” Affinito said. “It makes a huge difference to your curb appeal.”

SOURCES: JB GOODWIN REALTORS, ABA HEATING AND COOLING, MASADA ROOFING INC., RELIANT PLUMBING, WWW.LOWES.COM, WWW.HOMEDEPOT.COM, RE-BATH OF AUSTIN, WILSON PLUMBING, WWW.HOMEADVISOR.COM/COMMUNITY IMPACT NEWSPAPER

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DO-IT-YOURSELF

Modernize your kitchen or bathroom with new fixtures

Chris Siebenthaler from Wilson Plumbing said fixture replacement is one of the best “bang-for-your-buck” plumbing projects.

“Faucet, sink and toilet replacements add a fresh new [look] to the home without breaking the bank,” he said. “Stick to name brands, and consult your plumber or showroom consultant for educated fixture recommendations.”

Siebenthaler recommended keeping all manuals and receipts for plumbing fixtures and appliances. In the future, these documents may come in handy when repairs and replacements are necessary.

Paint and upgrade cabinets

When selling homes, Isabel Affinito of JB Goodwin Realtors said she finds kitchens and

bathrooms stick out the most to buyers when making decisions. One way to freshen up the look of a kitchen or bathroom is to renovate the cabinets. She said homeowners can paint their cabinets—white is particularly popular for kitchens.

“The shape of the cabinets isn’t a problem; it’s usually the colors and the hardware,” she said.

Cabinet knobs start at

$1 a piece

Transform your bathtub into a stand-up shower

Converting bathtubs to showers is one of the fastest ways to create immediate value, said Josh Agrelius, the owner of bathroom renovation company Re-Bath of Austin.

“People are taking less baths,” he said. “Especially with the droughts we’ve had, people are water-conscious.”

To get started, homeowners need to research companies they may want to work with. Agrelius said they should make sure they are hiring qualified professionals, using Angie’s List and the Better Business Bureau as resources.

“You might spend a little bit more, but it will be done the right way without cutting any corners,” Agrelius said.

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INSIDE INFORMATION

The U.S. Census Bureau tracked the median monthly housing cost of Texas mortgage holders and renters from 2011 to 2015.

Median owner cost with a mortgage0M

edia

n s

ales

pri

ce in

$

Jan. 2

011

Jan. 2

013

Jan. 2

015

Jan. 2

012

Jan. 2

014

Jan. 2

016

Jan. 2

017

July

2011

July

2013

July

2015

July

2012

July

2014

July

2016

$100,000

$50,000

$300,000

$150,000

$200,000

$250,000

Median gross rent$882

$1,432

Median sales price, Existing vs. new homes in Texas

SOURCE: TEXAS A&M UNIVERSITY REAL ESTATE CENTER/COMMUNITY IMPACT NEWSPAPER

New home Existing home

Month of report

MORTGAGE versus RENT PAYMENTS

SOURCE: U.S. CENSUS BUREAU/COMMUNITY IMPACT NEWSPAPER

INITIAL COSTS

New homes are often more expensive than existing homes, and a larger down payment is typically required in addition to closing costs. However, the market for new construction can be highly competitive.

Owning a new home can be a good financial investment. The initial costs can be high, but repair and maintenance costs will be lower than those in an existing home.

The homeowner can choose flooring, design, colors or other features if the home is not complete. New houses do not generally require renovation or repair to pass inspection.

New construction is often located in areas increasingly further away from downtown centers—away from prime metropolitan real estate—and may require a longer commute.

Existing homes often have a lower purchase price than a new home of the same size. The previous owners of an existing home may be highly motivated to sell or may face foreclosure, creating an advantage for the buyer.

Older homes may be located in areas that are closed to new construction, where property values continue to increase. Homeowners may be able to use repairs as tax write-offs.

Existing homes typically face higher expenses for maintenance and repair when they move in.

Older homes may be located in areas that are closed to new construction, and houses are often larger than new construction in the same price range.

Leasers are faced with little or no upfront cost aside from a security deposit and the first month’s rent. Leasing requires no long-term obligation and allows the renter to move and relocate as necessary.

Residents who lease do not have the ability to build equity or to sell the home in the future. The owner of the property can sell the property, forcing residents to move out prematurely.

The property owner—not the resident—is responsible for major, expensive repairs. Residents who lease must maintain the property.

A person leasing a home can learn about the neighborhood for future consideration as a permanent residence.

INVESTMENT

MAINTENANCE AND REPAIRS

LOCATION

SOURCES: HARRIS BAY, COLDWELL BANKER, SENTE MORTGAGE, ROOFSTOCK, URBAN PROVISION REALTOR/COMMUNITY IMPACT NEWSPAPER

Making sense of the market: BUY NEW, BUY OLD OR RENT?

Homeownership is part of the traditional American dream, but for many families and individuals, it makes more sense to lease a single-family home rather than to make a long-term commitment. Professionals in homebuilding, buying and renting have identified potential considerations that homeowners should take into account.

BUYING A NEW HOME RENTINGBUYING AN EXISTING HOME

COMPILED BY VANESSA HOLT

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19Grapevine | Colleyville | Southlake edition • July 2017

Secure a prequalification letter from lender1 2

Find a house

3Make an offer

4

Seller accepts offer

Independently inspect and appraise home 6

Close on house

7

Congrats, new homeowners!

5

S t e p s t o h o m e o w n e r s h i p

P r e q u a l i f i c a t i o n l e t t e r a p p r o v e d

INSIDE INFORMATION

SOURCES: CONSUMER FINANCE PROTECTION BUREAU, FANNIE MAE, TEXAS TRUST CREDIT UNION, TEXAS LENDING, U.S. DEPARTMENT OF AGRICULTURE, U.S. DEPARTMENT OF VETERANS’ AFFAIRS/COMMUNITY IMPACT NEWSPAPER

A real estate broker can help find that affordable dream home. Closing costs should be considered.

COMPILED BY NORA OLABI

Pick a loan typeFixed-rate home loans are less risky because the interest rate remains the same throughout the loan term.

Adjustable-rate loans can offer a lower initial interest rate but adjust to fluctuations in the market.

Fixed interest rates*

3.25%-4%Fixed Annual Percentage Rates*

3.55%-4.39%

L O A N S U R V I V O R Homeownership is not exclusive to high-income earners. The first step is to work with a lender and hash out the complex financial details.

Short-term loans can mean higher monthly payments but a lower total cost to over the loan term.

Long-term loans may mean lower monthly payments but greater interest payments over the term.

Pick a loan term Pick an interest rate

• No foreclosures in last 7 years• No bankruptcy in last 4 years• No liens

Check credit history

Target credit score range

620-740+ • Name• Date of birth• Income• Employment history• Residence history• Social Security number

Apply for loan estimate

P r e - q u a l i f i c a t i o n

Take into account:

• Credit card debt• Student loans• Installment loans• Cosigned loansMedical debt is not considered

Calculate debt-to-income ratio

1

4 5 6

2 3

Conventional

• Not guaranteed by the U.S. government

• Conform to Fannie Mae and Freddie Mac*

• Less money on mortgage insurance, fewer steps to closing

• $424,100 loan limit

FHA

• Guaranteed by the Federal Housing Authority

• Option for first-time homebuyers

• Available to lower credit borrowers

• Available to borrowers with smaller down payments

• Loan limits vary by county

VA

• Guaranteed by the U.S. Department of Veterans Affairs

• Eligible veterans, service members, surviving spouses

• No down payment required• No mortgage insurance• Capped closing costs USDA

• Guaranteed by the U.S. Department of Agriculture

• Designed for low- to moderate-income borrowers

• Must meet property eligibility requirements

• Up to 38-year loan term• No down payment required

*FANNIE MAE AND FREDDIE MAC ARE U.S.-SPONSORED MORTGAGE SECURITIES DEALERS

*AS OF 6/2/2017. BASED ON GOOD CREDIT.

In the Plaza with Market Street, Gloria’s and Studio Movie Grill

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Family, Cosmetic & Implant Dentistry5 STAR REVIEWS!

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Evening & Saturday Appointments • In-House Dental Plan • Beverage Bar & Massage Chairs • Netflix, Tablets & Wireless Headphones • Advanced Digital Equipment and Latest Technology •

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Your ideas broughtto light

Specializing in: Fan Installation, Electrical Upgrades, Landscape Lighting and more.

Your one stop solution for your home electrical needs. Providing quality service to the DFW area since 1973

Call us today! 972-790-0707

FREE ESTIMATES& 10% OFF

WHEN YOU MENTION THIS AD

ELECTRICwww.cbdallaselectrician.com

TECL #17456

20 Community Impact Newspaper • communityimpact.com

Price 76034 76051 76092

$1 million

$900,000

$800,000

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

-

MEDIAN PRICE OF HOMES SOLD IN JUNE 2016 VS. 2017

+14.39%

+15.03%

-5.77%

Although every effort has been made to ensure the timeliness

and accuracy of this data, Community Impact Newspaper

assumes no liability for errors or omissions. Contact the

property’s agent or seller for the most current information.

HOMES SOLD (JUNE 2017)

Number of homes sold/Average days on the market

Price range 76034 76051 76092

$1 million + 9/81 2/13 24/40

$700,000-$999,999 23/14 1/29 22/28

$500,000-$699,999 13/30 13/98 16/16

$400,000-$499,999 9/25 9/8 1/1

$300,000-$399,999 1/8 19/15 -

$200,000-$299,999 - 8/16 1/8

$150,000-$199,999 1/1 - -

$149,999 or less - - -

MARKET DATA

RECENT LISTING

1502 Plantation Drive, Southlake

Price: $1,579,900 Square footage: 8,047 Bed/bath: 5 beds/4 full and 2 half baths HOA: none Year built: 1987 School district: Carroll ISD Listing agent: Beverly Spillyards Phone number: 817-481-5882 Agency: Ebby Halliday Realtors

NEW LISTINGS IN COLLEYVILLE, GRAPEVINE AND SOUTHLAKE

149

112G

rap

evin

e135140

So

uth

lake

98110

Co

lleyv

ille

June 2016 vs. June 2017

Real Estate data provided by

Kimberly Holt Ebby Halliday214-957-1370

Chris Minteer, The Minteer Team

“The real estate market in Tarrant County is very similar to last year’s market. With low inventory it makes it a great time to sell a house. Home values have increased 11.3 percent over last year, which gives sellers the opportunity to cash out on their investment. For homebuyers, summer is a great time to start the search. We typically see more homes come on the market during the upcoming summer months, giving buyers a good selection to choose from.”

Theresa Mason, MiG Real Estate

“There are many similarities between the current 2017 real estate market and the market that we saw in 2016. In the DFW area, we are seeing home prices continue to increase, limited inventory and eager buyers. Interest rates have risen slightly this year, but not to the degree that was predicted at the end of 2016 and certainly not enough to negatively affect buyers’ purchasing decisions.”

MARKET PULSE–JULY 2017

HOW DOES THIS YEAR’S REAL ESTATE MARKET COMPARE TO LAST YEAR’S REAL ESTATE MARKET?

REAL ESTATE

COMPILED BY SHERELLE BLACK

Sophie Tel Diaz, Sophie Tel Diaz Realtors

“Thanks to the relocation of many companies to our area, we are experiencing a strong real estate market. The proximity of the international DFW airport plays a strong role as well. Texas has three of its market areas included in the top 10 strongest real estate markets in the U.S., and the Dallas-Fort Worth area is one of them. The price range up to the mid-$500,000 is moving fast and experiencing multiple offers. The higher-end properties are experiencing longer days on the market compared to 2016. With the rise of interest rates, if you are looking at buying, whether upsizing or downsizing, it makes sense to act sooner than later.”

2615 E Southlake Blvd Ste 160 Southlake, TX 76092

(817) 873-8010

As your local Farmers insurance agent, I help you discover ways to protect what is important to you. Whether it’s home, life, auto, renters, commercial, motorcycle, motor home, boat, wave runner or fi nancial services you can count on me to help you make the correct choice.

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Languages Spoken: English / Spanish

Auto Home FinanceLife

Stephen SewellLocally Owned

Grapevine | Colleyville | Southlake edition • July 2017 21

Classic Wine Storage and Services offers a variety of storage lockers as well as tube storage.

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T he lack of home basements in Texas left Mark and Lisa Nelson with a problem.

Having moved from Iowa, they had a wine collec-tion, and they wanted a safe and appropriate place to store it. After using a wine storage company in Dallas, the couple decided they wanted to try their hand at starting their own wine storage and services company.

“I stored with one competitor that’s in downtown Dallas for a while and they did a great job, and I just kind of used that as an opportunity to say, ‘You know, they did some things really well, but here are some things I might like to do a little bit different,’” Mark said. “And so that was the start of it then.”

The Nelsons’ business partners, Terry and Susan Perkins, started out as clients. When they opened Classic Wine Storage in 2006, the Nelsons chose to locate their business in Southlake, not only because it is an affluent area, but also because there were

not many competitors in the area. In 2011 the second Classic Wine opened in Dallas, and the third and largest location so far opened in Fort Worth in 2013.

The Southlake location features a variety of storage options, ranging from small case storage in lockers to walk-in storage rooms that can hold at least 144 cases of wine. Many of the lockers feature shelving as well. Tube storage is also an available option. The walk-in storage can feature both case and tube storage options.

Customers have access daily from 8 a.m.-10 p.m. to their temperature- and humidity-controlled space. Each unit is kept at 55 degrees Fahrenheit and 65 percent humidity.

As a Texas winery, Classic Wine can procure and sell wine to its clients, Mark said. Classic Wine can also pack, transport, inventory, ship and receive wine for its clients. Mark and the rest of the Clas-sic Wine team have also worked to cultivate a

BY ABIGAIL ALLEN

Classic Wine Storage and Services

525 S. Nolen Drive, Ste. 200, Southlake

817-987-9480

www.classicwinestorage.com

Hours: 8 a.m.-10 p.m. daily

Classic Wine Storage & ServicesTexas transplants seek to simplify wine collection management

N

E. SOUTHLAKE BLVD.NOLEN DR.

ADVICE FOR HOME WINE COLLECTIONS

BUSINESS FEATURE

• Do not store wine in the kitchen. “You will see wines out on a counter or above a refrigerator but the kitchen is the hottest place in the house, so don’t do that,” Mark said.

• Keep wine in a cool area.• Keep a variety of wines at home

while storing the rest off-site.

relationship with other wine storage and moving companies nationwide and can help their customers find people they can trust with their collections.

Some of the patrons at Classic Wine trust the staff to not only receive new personal shipments for the clients, but also to load them into their lockers.

For Mark, providing a secure place to store customers’ wine as well as a high level of service is crucial.

“The whole business is based on trust,” he said.

Mark Nelson and his wife, Lisa, own Classic Wine Storage & Services.

CO

MM

ER

CE

ST.

2750 W I L L I A M D. TAT E AV E . S T E . #100, G R A P E V I N E W W W.T H O M A S H E N D E R S O N E S Q.C O MPAT@T H O M A S H E N D E R S O N E S Q.C O M

817 .358 .8900C A L L U S T O D AY !

COMPLIMENTARY INITIAL

CONSULTATION

T R A I N E D I N T H E C O L L A B O R AT I V E A P P R O A C H T O L AW

Patricia D. Henderson

L I C E N S E D B Y S U P R E M E C O U R T

O F T E X A S N O T C E R T I F I E D B Y T E X A S

B O A R D O F L E G A L S P E C I A L I Z AT I O NSecurities offered through National Planning Corporation, Inc. (NPC) Member FINRA/SIPC. Advisory services offered through The

Asset Preservation Group, Inc. (APG) A Registered Investment Advisor. APG & NPC are separate and unrelated companies.

2750 William D. Tate Ave., Suite 100, Grapevine | theassetpreservationgroup.com

Preserve Your Wealth! Learn how our multiple investment management strategies help grow your assets during the good times, but help reduce your losses in the bad times.

Mark S. Henderson CFP®, CEO

Mike S. Franklin CFP®, President

For a Complimentary Consultation and Portfolio Risk Analysis

Call 817-251-1008

FIND MORE GREAT DEALS ONLINE AT COMMUNITYIMPACT.COM/DEALS

Community Impact Newspaper • communityimpact.com22

O wner Michael Easley said Big Fish Seafood Grill, which has

been located in downtown Grapevine since 2004, provides a place for travelers and locals alike to come in and enjoy a casual seafood restaurant that has a hint of Cajun.

Easley took over the space and the restaurant from his former boss and mentor, Bill Bayne. Over the course of several months from 2003 until Jan. 2, 2004, Easley transitioned the restau-rant from Half Shells Seafood Grill into Big Fish.

“I said, ‘Do you think it would be OK if I started running this place the way I want to run it?’” Easley said. “He goes, ‘Yeah, sure.’ … One of the things that I did want to do was live music.”

Easley said Big Fish was one of the first places on Main Street to offer live music during the week instead of just on the weekends. Local artists play on Wednesday and Saturday nights at the restaurant.

Diners in search of a classic can go with the fish and chips, which features two beer-battered fillets of cod, three hush puppies and seasoned waffle fries.

One of the Big Fish Starters is the seafood quesadillas, which features sauteed shrimp and crawfish, cheese, pico de gallo and cilantro pesto served on flour tortillas.

Guests with a sweet tooth can order the bread pudding, which is served with a whiskey cream sauce.

One of the ways in which the Cajun

side of seafood comes out at Big Fish is the all-you-can-eat crawfish from open to close on Wednesdays during crawfish season.

“We can go through 1,800, 1,900 pounds of crawfish on a Wednesday,” he said.

Easley attributed a lot of the success the restaurant is enjoying to the dedi-cated staff he has. Another component of the success Big Fish has had comes from the growth and development of Grapevine’s Main Street.

“The people that run this city, they do a really good job of marketing downtown Grapevine,” Easley said.

He and his staff hope guests feel like Big Fish is a second home, he said.

“That’s what we strive to be,” Easley said.

BY ABIGAIL ALLENBig Fish Seafood Grill & BarGrapevine restaurant offers seafood, a hint of Cajun flavor

Big Fish Seafood Grill and Bar

414 S. Main St., Grapevine

817-481-2010

www.bigfishonmain.com

Hours: Mon.-Thu. 11 a.m.-9:30 p.m., Fri.-Sat. 11 a.m.-10:30 p.m., Sun. 11 a.m.-8 p.m.

DINING FEATURE SEAFOOD DISHES

Fish and Chips ($12.49) features hush puppies and waffle fries.

The Blackened Redfish ($14.99) is served with two sides. The fish is topped with a crawfish cream sauce.

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Peel ‘n Eat Shrimp ($7.99 per half dozen, $12.99 per dozen) is served with lemon wedges and cocktail sauce.

N

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S. MA

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E. WORTH ST.W. WORTH ST.

Michael Easley is the owner of Big Fish Seafood Grill in Grapevine.

DEALS THIS MONTH

FIND MORE GREAT DEALS ONLINE AT COMMUNITYIMPACT.COM/DEALS

DININGButtermilk Sky Pie Shop ............................. 26

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Judy Pie ..................................................... 25

Nothing Bundt Cakes ................................ 24

Peace Love & Little Donuts ......................... 24

Wise Guys Pizzeria ..................................... 26

PROFESSIONAL SERVICESA.I. Sprinklers ............................................ 26

Ambition Dance Productions ..................... 24

Kendra Roberts .......................................... 25

Mosquito Squad of Fort Worth ................... 25

Peek N Play................................................ 25

Rapid Refill ................................................ 26

The Grapevine Dentist ............................... 27

The Posh Paw Resort.................................. 23

Triple R Locksmith...................................... 25

RETAILBark Avenue .............................................. 24

BOHO GURL .............................................. 24

Messina’s Shoe and Boot Repair................. 24

Tim Hogans Carpets & Floors ..................... 25

1808 Industrial Blvd. Colleyville, TX 76034(817) 552-5582

PoshPawResort.com

Boarding Grooming Daycamp

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Community Impact Newspaper • communityimpact.com24

SUMMER TIME NECESSITIES!

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Fresh Baked Treats Raw and fresh food Diets for Dogs & Cats Birthday Cakes & Birthday Bone Club Toys, Beds, Collars, Leashes & More!

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6 1 1 4

5615 Colleyville Blvd. #230, Colleyville [email protected]

Hours: Monday–Saturday 10am–7pmSunday 12pm–5pm

$5 OFFWhen you spenda minimum of $25

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other offers. Exp. 8/17/17.

Also available for all your special occasions

such as showers, weddings and meetings!COFFEE BAR

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LOCALLY OWNED AND OPERATED

601 E. Southlake Blvd. Ste 100

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Southlake 339 N. Carroll Avenue Southlake, TX 76092

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Coupon must be presented at time of purchase. Limit one free bundtlet per guest. Valid only at the bakery listed. No cash value. Coupon may not be reproduced, transferred or sold. Internet distribution strictly prohibited. Must be claimed in bakery during normal business hours. Not valid with any other offer.

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1101 Cheek-Sparger Rd Ste 107A, Colleyvillewww.bohogurl.com |(817) 770-4751

26

BROWN TRAIL

CHEEK-SPARGER RD.

320 S. Main Street, Grapevine, TX 76051 | 817-481-2721 | Parking & entrance in the back

Serving DFW in the same location for

over 40 yearsMESSINA’SSHOE AND BOOT REPAIR

Tues-Fri 8:30-6; Sat 9-4; Closed Sun-Mon

To � nd services, prices and photos! www.messinashoerepair.com

Experts in the preservation and restoration of all your shoes, boots, handbags, luggage and more!

Specialists in designer brands:

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Bring in this ad for 10% OFF any purchase or service.

2140 Hall Johnson Rd. | Grapevine, Texas 817-394-2062 | www.ambitiondancepro.com

121

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Dance Technique classes in Ballet, Jazz, Tap,

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Classes begin August 14th!Register online at www.ambitiondancepro.com

Grapevine | Colleyville | Southlake edition • July 2017 25

Open Play!

$2 OFF a play sessionOffer expires 8/17/17.

Mon.-Fri. & Sun 10am - 6pmSaturdays9am - 9pm

*Hours may vary. Check our Facebook

page for updates.

(214) 222-5514www.peeknplayarea.com

2805 E Grapevine Mills Cir, Ste #150

Grapevine, TX

Please ask about our party packages!

Indoor Play AreaCommercial

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Automotive

Family owned & operated in Grapevine

since 1980!

151 S Dooley Street, Suite 103, Grapevine(817) 481-5345

www.triplerlocksmith.com

10% OFF any services with this ad

Not valid with any other offers. Exp. 8/17/17

Kendra Roberts Hairstylist

Phenix Salon & Suites, Grapevine4010 William D. Tate, Suite 110

(Next to The Snooty Pig)

817.371.8812

Partial highlights

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Haircut

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A New You!The only good mosquito is

a dead one.

Call The Squad for a Free Estimate 817-567-2799 or visit MosquitoSquad.com

$69 $340Introductory Treatment1/2 acre or less

12 Weeks of Protection1/2 acre or less

Mosquito Protection

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There is Pie, andThThT eheh rere erer isisi PiPiP eiei anana dndnWhere There is Hope,ThThT eheh rere erer d

There is Always JudyPie!

520 S. Main Street Suite 200 | Grapevine, TX | 817-400-7437 | www.JudyPie.com

Now taking online orders!

Summer Hours: Monday-Thursday 10am-8pm • Friday 10am-10pmSaturday 9am-11pm • Sunday 11am-6pm

REWARDS FOR FREQUENT “PIEIERS”

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Tim Hogan’s Carpets & Floors has been offering our customers great values since 1974 on carpet, ceramic tile, wood fl oors, laminates, and area rugs.

Serving the Grapevine area for 25 years

Historic Downtown Grapevine817-481-8950

Grapevine312 S. Main Street

CARPET | CERAMIC | LAMINATE | WOOD | GRANITE | COUNTERTOPS AND MORE!

Heavy Plush Carpet Installed

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Serving the Fort Worth area for 30 years

Ft. Worth5724 Airport Fwy.

Hwy. 121 Between Carson & Haltom Rd.

817-831-4167

Hand Scraped Wood Flooring

Installed

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or sale items. EXPIRES 8/17/17.

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Community Impact Newspaper • communityimpact.com26

817-251-4465

$3 off InkJet or $5 off Toner

Applies to Rapid Refi ll brand cartridges only. Limit (1) per customer. Offer expires 8/12/17

Ink & Toner CartridgesPrinter Cleaning & RepairSecure Document Shredding

Summer Savings

2150 W. NORTHWEST HWY. STE 120 l GRAPEVINE l 817-251-4465

Locally Owned and operatedLocally Owned and operated

PIZZA - PASTA - PREMIUM DRAFTSThe Best Pizza in Grapevine!

322 S. PARK BLVD, GRAPEVINE, TX 76051WISEGUYSTX.COM

WE DELIVER! Call 817-488-0001

10% OFF any pick-up

or delivery order*EXP: 8/17/17. MUST MENTION AD.

NOT VALID WITH ANY OTHER OFFERS. NO CASH VALUE.

Now Offering Online Ordering

(817) 749-0246 | WWW.CINNAHOLIC.COM

Buy a full size Old Skool roll and get a FREE coffee ($3 value)

*Must present coupon. Cannot be combined with other offers. Expires 8/17/17

2704 E. Southlake Blvd. #102Southlake, TX 76092

Southlake Blvd Kim

ball

ave

with the purchase of a mini pie

FREE MINI PIE

Expires August 15, 2017. Limit one offer per guest. Cannot be combined with any other offer. Redeemable only at pie shop listed. Must be claimed in-shop during normal business hours.

No cash value.

COLLEYVILLE4712 Colleyvi l le Blvd. Suite 160 // (817) 581-7437

• Sprinkler System Checks & Tune Up• Sprinkler Reroutes & Renovations• Drip Irrigation Systems• Rain, Freeze & Wind Sensors

A $95 value. Expires 8/17/17

SPRINKLERSYSTEM CHECK

$59.00

Residential & Commercial

Israel Solis, Owner • LI8013We Accept Credit & Debit Cards

817-888-2876

SPRINKLER SYSTEM REPAIR& INSTALLATION

[email protected]

Over 15 YearsExperience!A.I. Sprinklers

INTRODUCING FENCE INSTALL

Member of the Grapevine Chamber of Commerce

Grapevine | Colleyville | Southlake edition • July 2017 27

1600 W. Northwest Hwy., Ste. 300 | Grapevine, TX 76051 | 817-251-4888 | www.thegrapevinedentist.com

New Patientspecial

$50 *Subject to change, per individual patient needs.

Procedures are rendered by a board certif ed surgeon.Expires 8/15/17

Whether you’re in need of a routine checkup, dental cleaning, f lling, or require more advanced dentistry such as a smile makeover, we offer the comprehensive solutions for your unique needs.

In network with most PPO insurance plans

No insurance? No problem!We offer an In Off ce Discount Plan

Monday8am - 5pm

Tuesday7am - 4pm

Wednesday7am - 4pm

Thursday8am - 5pm

FridayBy Appointment Only

Saturday Closed

SundayClosed

Wisdom Teeth Extractionswith IV Sedation*

for only $1,500Patients without insurance only.

*Subject to change, per individual patient needs. Procedures are rendered by a board certif ed surgeon.

Expires 8/15/17

50% off Deep Periodontal

Cleanings*Subject to change, per individual patient needs.

Procedures are rendered by a board certif ed surgeon.Expires 8/15/17

Always accepting new patients!

Like us on Facebook, TheGrapevineDentist1@thegrapevinedentist thegrapevinedds

GRAPEVINE / COLLEYVILLE / SOUTHLAKE EDITION

Engel&Völkers Dallas Flower MoundLocated in The Shops At Lakeside2451 Lakeside Parkway, Suite 180Flower Mound, TX 75022+1 817 388-5008

Engel&Völkers Dallas SouthlakeLocated in Park Village

1111 East Southlake Blvd, Suite 460Southlake, TX 76092+1 817 416-2700

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©2016 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently veri� ed. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.

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$1,179,800

2162 Estes Park Rd. Southlake, TX

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