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Lot 106 Lazy Oak Pl
Spicewood, TX 78669
$894,950
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2953
Property Description
Don't overlook the opportunity to claim ownership of the distinctive "Duffie" floorplan meticulously crafted by David Weekley Homes, now accessible through their Build On Your Lot program. This exceptional design optimizes the potential of a prime homesite within The Spicewood Trails Subdivision. Please note that the lot is available for separate purchase, and additional details can be found in MLS listing 8896494. The anticipated completion date is 2024, and we're pleased to include a substantial $50,000 credit toward design center upgrades in the pricing. It's crucial to highlight that site development costs are not included in the listed price and will be determined separately.Act promptly to capitalize on an enticing Employee Pricing Eventâenjoy a 7% Home Discount, up to $40,000, for those who decide to make a purchase during this limited time. Additionally, you can benefit from an extra $3,500 applied towards closing costs if you choose our preferred lender, Darryl Crawford with Guild Mortgage. The floor plan is adaptable, allowing for modifications to align with your preferences. All contractual arrangements will be meticulously documented using the David Weekley builder Contract.The Duffie floorplan seamlessly integrates timeless charm with modern comfort. The open floor plan is illuminated with natural light through large, energy-efficient windows, creating an ideal setting for creating enduring memories. Retreat to the luxury of the Ownerâs Retreat, complete with a deluxe ensuite bathroom and ample closet space for expanding your wardrobe. Featuring 4 bedrooms and 3 bathrooms, this home includes an extended covered porch, sliding glass doors in the family room, and French doors leading to the study.The Spicewood Trails community offers an array of amenities, including high-speed fiber-optic internet, an event barn, a dog park, a playground, a fire pit, and scenic trails for endless outdoor adventures.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
4252596
Location
Address
Lot 106 Lazy Oak PL
City
Spicewood
State
TX
Zip Code
78669
County
TRAVIS (SOUTHWEST)
Listing
Provider
Keller Williams - Lake Travis, original listing
Name
Keller Williams - Lake Travis
Phone
(512) 263-9090
Office Name
Keller Williams - Lake Travis
Office Phone
(512) 263-9090
Agent Name
Mitzi Birdsong

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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.