It wasn’t a bad neighborhood when I lived there. The Tampico houses are bigger than the Compass Point houses/apartments. Just realize the trade-off with the area – cramped close to your neighbors and really sucky parking.
When I bought in 2001, the place cost $265k. The highest my property assessed at was $520k, but it seems to be dropping now to around $480k or less. Considering I put 5% down on the property when I bought it, it was a great deal at the time. Still, my family was/is growing and I needed more space so I bought somewhere else. My wife and I were actually contemplating buying in Tampico, when it was being built, but they raised the next phase’s price from $300k to $325k and so we were priced out.
My property is in a pretty good location – the common area park was right in front and the driveway did fit a car. Still, I had to hear my guests complain about finding parking when I had my daughters’ birthday parties at my house… And this was before they instituted fines, tickets, and decals for parking.
When I first bought, the two houses beside mine were owned and lived in by doctors. They moved, and the properties became rentals. Let me assure you that the people living in there now are not doctors or comparable income level.
If you are easily peeved by neighbor’s noise, by the parking situation, and the high amount of rentals, this is not a place to recommend.
I have a large family where our minimum get-togethers range in the 20 to 30 person range, so that place just didn’t cut it.
