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3704 S Birmingham Avenue
Tulsa, OK 74105
$4,500,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
10405
Property Description
The most significant property to become available in this generation, Frank Lloyd Wright’s Westhope is a masterpiece. In every project Wright undertook, the goal of enhancing and elevating human experience was always foremost. Tulsa’s Westhope was added to the National Register of Historic Places in 1972. The mansion, constructed in 1929 is one of only three Wright-designed structures in Oklahoma and one of only a handful of homes constructed at this scale. It is made with alternating piers of square glass windows and cement “textile” blocks. A limited number of such concrete block homes were built in between Wright’s better-known Prairie and Usonian houses, making Westhope a remarkable rare jewel. It is one of the largest residences Wright ever built. Architectural Digest waxed poetic about the beauty of Westhope in a 2022 article: True to Wright’s nature-inspired “organic architecture” ethos, furniture, built-in cabinets, and drawers at the home are all constructed of similar wood, achieving the visual and spatial harmony for which his signature aesthetic is known. Built for Wright’s cousin, Tulsa Tribune publisher Richard Lloyd Jones, it is awash in natural light. Its walls seamlessly integrate concrete blocks with 5,200 glass panes arranged in pillar-like forms, creating a vertical pattern streaming pretty natural light into the interior while keeping all who enter visually connected to the ever-changing landscape. The home’s distinctly public and private spaces make it perfect for entertaining and eminently livable. At slightly more than 10,000 square feet, there are 5 bedrooms, 4.1 baths and a large reception area which flows into the dining room. The home’s placement on the 1.5 acre grounds is classic Frank Lloyd Wright. He nestled it perfectly among the trees and added a lovely pool and outdoor living spaces. To purchase Westhope is to become the steward of a living masterpiece, a timeless treasure, an iconic residence awaiting its next great chapter.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1929
MLS Number
2409898
Location
Address
3704 S Birmingham Avenue
City
Tulsa
State
OK
Zip Code
74105
County
TULSA
Listing
Provider
Walter & Associates, Inc., original listing
Name
Walter & Associates, Inc.
Phone
(918) 743-2001
Office Name
Walter & Associates, Inc.
Office Phone
(918) 743-2001
Agent Name
Peter M Walter

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.