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8 Hillandale Road
Waco, TX 76710
$1,395,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
4133
Property Description
Property Description: Drastic Price Reduction - Waterfront and right on the golf course! Won't last long at this REDUCED price. Rare opportunity to live in this much sought-after classic home with both waterfront and golf course views/access located in the middle of Waco. Sitting atop a knoll, on a private cul-de-sac lot, this estate home sits in front of a 5-acre lake, and can be viewed from every room across the front of the house with floor-to-ceiling windows. Tee off your front porch to Hole 12 of the country club without leaving home. This home contains all the elements of a stylish abode, yet offers a sophisticated air of casual comfort. This quality, custom-built home by Joe B. Allen has had only one owner. The entryway is flanked by a bright sun room on one side, with great golf course views, and a large open concept living room with gas burning fireplace and coffered ceilings. One-of-a kind restored pine hardwood adorn the floors throughout this elegant home. The cozy study has wood paneling, built-in bookcases, and gas fireplace. Tremendous chef’s kitchen with herringbone brick flooring and top of the line appliances – Gas Jenn-Air stove; 2 ovens, sub-zero refrigerator with matching cabinet doors and large center island. The vaulted breakfast room with bay windows offers 180 degree views of the neighborhood and lake. The over-sized primary bedroom is located on the main floor with separate sitting areas. The bright, en-suite bathroom has a skylight, soaker tub, separate shower, and huge walk-in closet with built-in cabinetry. There is an additional small dressing room off the primary bathroom ideal for an exercise area, or more storage. The large dining room has an oversized window looking out to the courtyard. The adjoining wet bar and butler's pantry make this an ideal home for entertaining. Also located downstairs is a small office with more built-ins and a utility/laundry room with sink, freezer or wine storage space, and large storage closet. Upstairs are two bedrooms, each with their own en-suite bathrooms and large storage closets. A flexible bonus room between the two bedrooms could be used for an office, playroom, sitting area or game room. All the rooms upstairs have window benches to enjoy the lake views. Large closets and more storage rooms, including a cedar closet, are also located upstairs. The 3.5-car garage is connected to the home with a covered porte cochere. Sit on the brick wrap-around porch and enjoy the views. Or drive you golf cart to the country club. The beautifully landscaped yard has lots of native plants, stepping stones and large boulders which makes for low yard maintenance. The whole house has a security system.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1990
MLS Number
213765
Location
Address
8 Hillandale Road
City
Waco
State
TX
Zip Code
76710
County
MC LENNAN
Listing
Provider
Turner Behringer Real Estate, original listing
Name
Turner Behringer Real Estate
Phone
(254) 759-8027
Office Name
Turner Brothers Real Estate, LLC
Office Phone
(254) 759-8027
Agent Name
Sheila Jones

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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.