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16007 Torrey Springs Boulevard
Woodway, TX 76712
Trish Griffin with Kelly, original listing - (254) 741-1500
$2,324,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
5824 Square Feet
Property Description
Welcome to this magnificent custom built Alford home in desirable Badger Ranch on 1.4 acres. This impressive home invites you in through its gorgeous stoned arch entry and offers 4 bedrooms and 4.5 bathrooms providing ample space for your family and guests. The downstairs spacious living area features luxurious hardwood floors, gas log fireplace, built-in lighted custom cabinets, motorized chandelier, wall of windows with floor to ceiling custom drapery and crown molding. The gourmet kitchen is a chef's dream with Cafe stainless appliances, ample custom cabinetry, lighted Butlers pantry, lavish chandelier overhanging the oversized island, walk in pantry, and regal leathered granite counters. Formal dining has arched cased windows with custom window treatments, hardwood flooring and wet bar. The primary bedroom on the first floor features a marble gas log fireplace, custom built-in cabinetry, double tray ceiling, hardwood floors, a cozy sitting area with wonderful view of backyard and accessibility to patio. The luxurious primary bathroom boasts five chandeliers, dual vanities with top grade granite counters, claw foot tub, mounted television, a large walk-through ceiling to floor tiled shower with multiple heads and two walk-in closets. The downstairs office features plantation shutters and hardwood flooring and could serve as an additional downstairs bedroom. Another bonus on the first floor is a hobby/craft room. The downstairs guest bedroom offers easy access to a full guest bathroom with tile flooring, which also has access to the covered patio and pool. The laundry room includes a sink and ample storage and off the garage the built-in landing bench and bookshelves with additional storage add convenience and organization. The home also includes an elevator, providing easy access to the upper level. Upstairs you'll find a second living area with wonderful built-ins, mounted television and French doors accessing the balcony. The balcony overlooks the sleek designed luxury pool and playground area. Upstairs also features two gaming areas, a guest bathroom and two additional bedrooms. One bedroom features a loft while the other has a Murphy bed. Outside, an oversized covered patio with concrete wood look stamped floors, bead board ceiling, recessed lighting, ceiling fans, a gas log fireplace and an outdoor kitchen provide the perfect setting for outdoor entertaining. The outdoor kitchen is equipped with a Traeger grill, woodfire pizza oven, Coyote grill, refrigerator and eat at granite bar. The private oasis continues with a sparkling pool featuring an attached hot tub, waterfall feature and gas fire pit all surrounded by a decorative iron fence. A tree-covered playground area and a privacy fenced backyard ensure fun and privacy for family and guests. Additional features include gutters, twelve camera security system , central vacuum system and a three-car side entry garage with room for boat parking. Experience the best of both worlds with luxurious indoor amenities and a serene outdoor setting in this exceptional property at Badger Ranch Subdivision! $2,394,000
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2018
MLS Number
--
Location
Address
16007 Torrey Springs Boulevard
City
Woodway
State
TX
Zip Code
76712
County
MC LENNAN
Listing
Name
Phone
(254) 744-1268
Office Name
Office Phone
(254) 741-1500
Agent Name
Trish Griffin
Agency Phone
(254) 741-1500

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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.