The Carvajal Group Blog

Incredible Opportunity in Covenant Estates

December 7th, 2011

You have to check out this amazing, once-in-a-lifetime opportunity to purchase a quality home below market value.  3704 Agape is located within Covenant Estates and is currently being offered for sale at $799,000.00 which, in my opinion, is significantly below market value.  This home was built in 2004 by Russell Eppright and features 4729 sq ft of luxury living situated on just under 1 acre of beautifully treed property. 

This custom built home features 5 bedrooms (2 downstairs) and 4 full baths, two living areas, a dining room and private office with downtown skyline views.  Large windows and high ceiling brighten up this open floorplan and highlight it’s top-of-the-line finishes.  The home has a beautiful gourmet kitchen which is decked out with the finest in luxury appliances with granite countertops and a plethra of custom built cabinetry.  This home has  incredible grounds with an exterior patio fully equipped with built in luxury grill extending out to the large swimming pool and sand volleyball court.

Covenenat Estates is wonderful neighborhood that features 56 custom homes all built by award winning builder Russell Eppright.  Located just off Southwest Parkway just past Regents Hills, Covenant Estates is situated just 5 minutes from downtown Austin.  This neighborhood has homes ranging from high 700s to well over a million and even 1 privately gated home that is over 25,000 sq ft (check it out on Google Maps).  With property in Eanes ISD becoming more and more expensive this is one of the top luxury neighborhoods in Austin, Texas.

In my opinion, the home has not sold yet because of its current state and showing condition.  The plumbing has been turned off by the asset manager to avoide freezing pipes and further destruction of the home and thus their are stickers throughout the house stating this which make it look like something is wrong.  The home also had some previous wind and water damage which has been mostly repaired except for a few remaining broken windows and some exterior stucco work that needs to be taken care of.  Again, these issues, which are likely minor look very extreme and make for bad presentation.  Much of the landscape is overgrown and dead due to the adverse weather conditions and deferred maintenance. 

If all of the items were fixed and the home was staged I believe it would sell in the 900ks or even over $1 million.  Opportunities like this do not present themself often but if you are in the market for a great deal in a great location, this is it!  To see more information and for pictures, click here. Don’t be fooled by the pictures, come see this home because it is amazing!

To learn more about this home, Covenant Estates or for help with you Austin Home Search, contact me today at (512) 786-1515.

Tags: Austin Home Search · Austin Investment Property · Austin Neighborhoods · Austin Real Estate