Home for Sale at 8813 Bell Mountain DR, Austin, TX 78730

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8813 Bell Mountain Dr
Austin, TX 78730

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Property Details

List Price:	$1,500,000
Beds:	3
Baths:	3
Status:	Pending
SqFt:	3394
Agency:	Keller Williams - Austin Northwest

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1988
Notes:	Spectacular opportunity!! Once in a lifetime, distant, forever VIEWS (just see pics), massive deck with gorgeous oaks providing a natural canopy while you take in the views, incredibly beautiful yard and landscaping created over years... a true labor of love! Timeless single story Floorplan, with views from most rooms, high ceilings, walls of glass, French door access to incredible backyard. MIL plan with great separation between bedrooms, heated/cooled built-in workshop which is already plumbed and framed to be a forth bedroom/forth bathroom (with private exterior entrance, perfect for MIL ste), and your own built-in storage unit attached to the house. Elegant master suite with built-ins, room for sitting/reading area, coffee bar, amazing Hill Country views, and an oversized luxurious bath with soaking tub, spacious double vanities, 2 walk-in closets, skylight, and built-in storage. Spacious living and dining rooms offer walls of windows with incredible views, ornate crown molding, and beautiful floor to ceiling fireplace. The kitchen views may be the best in the house!! It offers a gorgeous blue island, custom cabinetry, built-in cooking wall, built-in appliances, and a breakfast area so large it could be used as another living room. Wood floor in study with built-ins. Guest suite with walk-in closet and private bath. This is one of those properties that doesn't come for sale very often... once in a lifetime views, amazing single story Floorplan, absolutely spectacular grounds, just 25 minutes to downtown and 15 minutes to the Domain (best shopping and restaurants in Austin). Don't sleep on this one.
MlsNumber:	8577628

Listing Provided By:	Keller Williams - Austin Northwest, original listing
Name:	Keller Williams - Austin Northwest
Phone:	(512) 346-3550
Office Name:	Keller Williams - Austin NW
Office Phone:	(512) 346-3550
Agent Name:	Andy Allen
Disclaimer:	Copyright Â© 2024 Keller Williams Realty, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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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