Subdivision: ARROYO VISTA, BLOCK A, LOT 2, ACRES 0.570
Beds: 4
Bathrooms: 2
Half Bathrooms: 1
SqFt: 2,168
$/SqFt: 216.74
Lot Size: 0.57 acres
Levels: One
Built: 2023
Est. Taxes: $5522.3
Association/HOA : No
Waterfront: No
Private Pool: No
Heating: Central, Electric, Forced Air
Cooling: Central Air, Electric, Exhaust Fan
Interior Features: Breakfast Bar, Ceiling Fan(s), Ceiling-Vaulted, Counter-Quartz, Double Vanity, Electric Dryer Hookup, Kitchen Island, No Interior Steps, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Washer Hookup
New Construction Near Tesla, COTA and ABIA. Amazing opportunity for a growing area that's still in close proximity to DT Austin. Custom built with 2168 sq.ft. 4 | beds, 2.5 | baths on .57 of an acre. Very open floorplan with tons of natural light & vaulted ceiling.
A survey will be ordered once under contract, builder is providing a one year warranty on plumbing, electrical, HVAC.
Inviting open & large kitchen space, vaulted ceiling with reset lighting. (size 13X17). 4th bedroom can be used as a home office w/double door entry. Hardi-plank/cement exterior. Boats & trailers regularly & neat in appearance can be stored behind rear building line.
FINANCING Comments:
1. Agents lender states that property is located in a "community lending program" that offers a conventional mortgage for underserved communities using special interest rate incentives. Buyers can secure a significantly reduced rate at no cost. The program is offering as much as a 1% reduction in rate compared to traditional conventional rates. For example, if the market rate is 7.5%, your buyer could secure a 6.5% 30-year fixed with no discount points.
2nd financing option (seller agent not sure if can combine with above)
2. USDA offers 100% financing and reduced MI premiums. Borrower needs to meet the income limits for USDA of $112,850 or more if dealing with a family and multiple incomes. There are no loan limits, but they do limit how much debt the borrower can carry to 41% which might be challenging in this market.