Archives for May 2012

Charming and Delightful, 15 Mins to Downtown Austin – 8003 Boggy Ridge in Beaconridge

Welcome to 8003 Boggy Ridge Drive, Austin, in the neighborhood of Beaconridge.  Located just south of Austin, Beaconridge is a great neighborhood close to parks, shopping, and restaurants.  More importantly, 8003 Boggy Ridge is only 15 minutes from 6th Street, South Congress, and other downtown Austin hot spots!   Most single family homes this close to downtown are either way too expensive, or need way too much work prior to moving in.  Well, the best part about this is that you don’t have to live in a dump to be so close to downtown.   At $169,900, 8003 Boggy Ridge is extremely affordable and completely move-in ready with over $15,000 in recent updates and repairs.

Green trees and a big blue sky remind you of country living, but you are only 15 minutes from downtown.

8003 Boggy Ridge is ideal for any type of owner (singles, couples, families, UT undergrads and grads, working professionals, fist time home buyers, and even investors).  With all the recent updates and repairs done by the current owner, there is not going to be expensive maintenance typical of homes this age.  But you will get the charm and allure of a home built in 1979.  Also, utility costs will be minimal, reasonable, and affordable in this sub-1,500 sf home.

If you can squeeze this size bedroom into 1,500 sf, you are doing something right.

The most appealing update is the new wood laminate flooring throughout the house, with new carpet in the bedrooms and tile flooring in the bathroom.  This gives the home such an elegant look and feel that you might forget you’re just a few minutes from downtown.  The entire interior of the house has been re-painted with low-VOC paint so the home fits right in with the green movement in Austin; the exterior of the house is covered with a new coat of paint for the next owner; and your newly installed roof is covered with a 25-year warranty.

Owner chose wood laminate to save the trees. Same great look and feel!

There have been numerous other updates and repairs done to make this home ready for the next owner, so make sure you check out the attachments, photos, and video below.

 

To see more videos, visit us at www.hookedonthebrothers.com.

8003 Boggy Ridge – Upgrades
8003 Boggy Ridge – Sellers Disclosure
8003 Boggy Ridge – Inspection Report
8003 Boggy Ridge – Survey

Super Value for Investor or First Time Homebuyer – 1019 Leeds Castle in Georgian Place

Tired of getting outbid on all those foreclosure properties?  Wasting too much time waiting for a short sale to close?  If you’re looking for a great deal, then 1019 Leeds Castle Walk at $115,000 ($47/sf) is one of the cheapest properties around and the best thing about it – it is not a distress sale.  No waiting + no bidding = high chance of purchasing with a 30-day close.

1019 Leeds Castle is 2,427 sf with 3 bedrooms (best bang for the buck as an investor) and 3 full bathrooms (perfect for homeowners who have frequent overnight guests, kids, or roommates).  The living room is open and has high ceilings so it’s great for large gatherings.  If you need something more private, the upstairs game room is even bigger and tucked away.

You’ll want to replace the carpet and put a fresh coat of paint on the walls before moving in, but that’s already accounted for in the low price.  That’s a positive because you get to choose the type of floor and color of paint.  The other positive is that it would cost about $5,000 to have it done professionally, but the seller decided to knock off $10,000 instead.  Meaning you could purchase this home, replace the carpet, paint the walls, and probably sell this for $125,000.

See below for more information, pictures, and video.  Act quickly!  This will not last long so give your Realtor a call to see it or contact me directly if you don’t already have one.

 

For more videos, visit www.hookedonthebrothers.com.

1019 Leeds Castle – Sellers Disclosure

Sendero Springs 2012 2nd Quarter Newsletter

Sendero Springs in Round Rock, Texas

Sendero Springs seems to be waking from winter hibernation and starting 2012 on the right foot by selling twice as many homes as compared to the fourth quarter of 2011.  Homes also sold faster.  Selling a large number of homes quickly is a great sign of a healthy and desirable neighborhood.

Last 12 Months Homes Sold SqFt List Price $/SF Sold Price Sold $/SF SP/LP Ratio Days on Market
2nd Qtr, ’11 12 3,031 $ 265,842 $ 87.72 $ 258,403 $ 85.27 97.20% 41
3rd Qtr, ’11 10 2,981 $ 265,140 $ 88.93 $ 251,718 $ 84.43 94.94% 75
4th Qtr, ’11 3 3,009 $ 279,966 $ 93.04 $ 272,300 $ 90.50 97.26% 53
1st Qtr, ’12 6 3,236 $ 279,967 $ 86.51 $ 272,432 $ 84.18 97.31% 52

However, the data also suggest Sendero Springs is experiencing a decrease in home value.  This might be the most important trend since it is directly translated to how much money you receive when you sell.  In the chart above you will notice that the average home sold in the 1st quarter of 2012 was bigger than the previous quarter, yet the list price and sold price are practically the same.  Consequently, the average sold $/sf is at its lowest point in the last 4 years at $84.18.


In addition to preparing the house properly, choosing a Realtor that knows how to market your house is the key to attracting a higher offer from buyers. Here are just a few questions you might want to ask your Realtor at your next listing appointment:

How do you market towards the emotional appeal of potential buyers?

What are the top three ways a buyer finds a home and how do you leverage that to find a buyer?

How do you create high differentiation in the perceived and real value of my home and how do you market that?

Will strong negotiation skills help me get more money for my home? If so, what type of formal training in negotiation do you have?

Homes Sold Last 12 Mos 31
Absorption Rate (# sold/mo) 2.58
Current Active Listings 10
Months of Inventory 3.87

Looking for information on Round Rock Texas Homes For Sale? Visit my website or call me anytime!! Want the latest updates on Round Rock Texas Real Estate, news and latest developments? Sign up for the blog by clicking the link below:

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