Home for Sale at 110 Diamondback, Round Mountain, TX 78663

110 Diamondback
Round Mountain, TX 78663

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Property Details

List Price:	$500,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	1968
Agency:	My Texas Home Broker

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Description/Comments

Lot Size:	5 acre(s)
Property Type:	Residential
Year Built:	2011
Notes:	Welcome to 110 Diamondback Drive in the majestic Texas Hill Country! This single story home was built in 2011 & sits on over five acres of horse-ready real estate. Before entering the home, take a moment to admire the panoramic views from the expansive covered front porch. From the porch, you immediately walk into the inviting living room that offers great built-ins and a cozy wood burning fireplace. There is a formal dining area that gives plenty of room to fit a large table, plus a breakfast nook off of the kitchen! The huge kitchen has ample storage and counter space. On one side of the home, you'll find two spacious guest rooms & a full guest bathroom with shower/tub combo. One of the guest rooms has french doors that lead out to the front porch, so even your guests can admire the stunning views from their room! On the opposite side of the home, you'll find the private primary bedroom and en-suite bathroom. The primary bathroom has dual sinks, a deep soaker tub, large walk-in shower and big closet. The backyard has its own fenced in area to keep pets separated from the rest of the area.This property is fully fenced and gated, plus there is a side gate for easily hauling animals from the barn. In one corner of the property, the owners built a pole barn less than 3 years ago - it can be taken down prior to closing if the new owner desires. This oak covered property is truly a must see, and it's just a short drive from Austin & San Antonio. Johnson City ISD & a 1.3 tax rate. Find yourself at home here!
MlsNumber:	167069

Listing Provided By:	My Texas Home Broker, original listing
Name:	My Texas Home Broker
Phone:	(512) 773-1847
Office Name:	My Texas Home Broker
Office Phone:	(830) 201-4049
Agent Name:	Kristen Ribera
Disclaimer:	Copyright Â© 2024 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing