I’ve been a successful real estate investor for over 12 years. Folks often say to me, “Dianne, I’m looking for a good deal.” Well, I’m not sure everyone understands what a “good deal” is in the Austin real estate market. I would say it’s a single family home, that’s well-priced, has good potential to be worth more with improvements, and is in a desirable area with more expensive homes.
Okay, so here’s today’s deal. It’s in the desirable Lake Travis area in close-in Hudson Bend right near Mansfield Dam. So, you get to live within 2 blocks of Lake Travis but you still have an easy drive to downtown Austin. Now, you may not be able to tell from these photos, but this house does need work. It has beautiful stained concrete floors throughout most of the house, but the 2 secondary bedrooms and the master closet need new carpet. You will probably want to give the home a fresh coat of paint, and there is some deferred maintenance to take care of. For example, you can tell that the yard has been neglected. But, it’s got a good one-story, open floor plan with an office right off the master bedroom and 2 more bedrooms on the other side of the house.
It’s located in Travis Landing, which has a waterfront park, just for the homeowners, with a boat ramp, trails, picnic areas, lake access for swimming, boating, kayaking, sailing, jet skiing, wakeboarding. Normally, you can’t get in this neighborhood for under $250,000. This is a neighborhood of waterfront streets and homes, so you’re going to have upside potential here. This is what makes this home a deal. Plus, it’s in the Exemplary Lake Travis school district. Truly, you’ll want to buy a house in this very desirable area.
The average price of a home in this area is well above $120 per square foot. This one is $102.88 per square foot. That’s a price of just $199,900. You could spend less than $10,000 and probably get that after repair value up close to the $250,000 price range. That’s why I consider this one a good deal. We just reduced the price on this one, so don’t miss out.
If you’re interested in this house, you need to act fast. Call me today. Call this number 512-266-2606 so you can see this house. If I don’t answer, leave a message, it will go straight to my mobile phone and I will call you back.