Neighborhood: New Construction Near Tesla, COTA and ABIA
Property Taxes: $5,522
Tax Year: 2023
Tax Amount: $5,522
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.
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.