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900 Old Lytton Springs Road
Lockhart, TX 78644
Anthony Weeaks with Holub Real Estate, LLC, original listing - (830) 221-5550
$721,728
Conventional
Property
Bedroom
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Bathroom
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Property Type
Conventional
Square ft
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Property Description
Welcome to 900 Old Lytton Springs Rd, 8.064 acres, just 20 minutes from the Tesla Gigafactory and Austin-Bergstrom International, and 5 minutes from the BBQ Capital of Texas, Lockhart! Located just off US 183 and Toll Road 130, this property is a short drive to downtown Austin and minutes from the world-famous BBQ that the city of Lockhart has to offer! The land features a 1.5-acre pond stocked with bass, catfish, and perch. The pond is 22 ft. deep at its greatest depth, and is home to lunker largemouth bass and blue catfish! Century old pecan trees dot the land around Dry Creek, which meanders through the south portion of the property. Some of the pecan trees have been measured and estimated from 113 to 208 years old! Recent work and updates include covering the bulkhead area with limestone, clearing of underbrush along the creek and road, and a beautiful, new gated entrance. Three different building sites are available on this tract, all surrounded by mature shade trees. You can build among the Red Oaks, Live Oaks, and Elms on the north end of the property near Old Lytton Springs Road, or along the ridge above the pond among the elms and pecans, or even on the bulkhead if you so desire. Each site gives you a pristine and tranquil view of the pond and the peaceful countryside. The property is home to an abundance of wildlife, including deer, turkey, dove, and waterfowl. No known restrictions on the land, the opportunities to make this your own are endless. The property currently holds an Ag Valuation to lower your taxes. Electricity is onsite, along with an Aqua Water Supply line along Old Lytton Springs Rd. New survey is included, with an opportunity to purchase the adjacent 7.41 acre sister tract at 1000 Old Lytton Springs Rd. There is a 25 ft easement that runs along the south boundary only accessed by 1 neighbor.
Property Information
Lot Size
8 acre(s) square ft
Property Type
Land-Other
Year Built
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MLS Number
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Location
Address
900 Old Lytton Springs Road
City
Lockhart
State
TX
Zip Code
78644
County
CALDWELL
Listing
Name
Phone
(210) 884-0921
Office Name
Office Phone
(830) 221-5550
Agent Name
Anthony Weeaks
Agency Phone
(830) 221-5550

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.