saleoftheweekmarch11 For $324,000, you get three bedrooms and two baths on a quarter acre. Plus you’re next door to Preston Hollow. photography courtesy of Briggs-Freeman Real Estate

Unfortunately, this great little ’hood is no longer a secret, now that a genius branded it Midway Hollow. It runs south of Walnut Hill Lane and west of Midway Road, which means it rubs shoulders with that rich cousin to the east, Preston Hollow. The word is out that you find great homes here built in the 1950s, often in better shape than those little Briarwood 1940s bungalows, which are pricier. (Excuse me. Briarwood's wealthy sister is Park Cities.)

In Midway Hollow, you get pier and beam, wood floors, and great bones—all of which make these houses easy to expand. There is also a lot of new home building going on in Midway Hollow, to the dismay of some residents. This little circa 1953 number on Lomita Lane offers 1,703 square feet on a one-quarter acre lot (.257), three bedrooms, and two full baths. A little entry area leads to a light-filled living room with a pretty stone fireplace. The formal dining room is next to the living room, separated by French doors. Because the kitchen has been remodeled, the living area is open to it, showing off new cabinets and stainless steel appliances. But the best attribute of this home is the great backyard, filled with hefty trees and a wooden deck for entertaining. Hurry: at $324,000, this home will fly off the first-time home buyer shelf before that credit ends April 30.

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