The Carvajal Group Blog

Get Interested

February 20th, 2012

What would you say if I told you that if you pulled the trigger on your home search today I could save you over $250,000 over the duration of your loan? I’d guess that a large percentage of you would consider making that purchase and, at the very least, 100% would want to hear how this was even possible. So let’s cut to the chase, it all has to do with interest rates and, more specifically, taking advantage of the tremendous buying opportunity at hand.

For the sake of this argument we’ll use a $300,000 sales price as the base for our example home search. With a conventional loan of $240,000 (20% down) at the current rate (4% for this example – although I have seen people lock at mid-3’s recently) your monthly mortgage payment – with principle, interest, tax and insurance included – comes in just slightly under $1,600. The average interest rate over the past 30 years is 8.74% (source: Freddie Mac) and when applied to this same home search example yields a monthly payment of roughly $2,350. That is a whopping difference of $750/month or $9,000/year or, even more staggering, $270,000 over the 30-year term. Over a quarter of a million dollars saved just because you made the decision to do what most American’s are intimidated by at the moment and you purchased a house. Savvy move.

Rates haven’t been this low since JFK was President and it is probably the only healthy byproduct of the housing market collapse. True, banks are being stingy with who they lend to these days but if you work with the right agent (I know a guy) and they guide you properly then you will be one of the fortunate few to look back and say that you took advantage of what is truly a once in a lifetime opportunity.

If you’d like more information on Austin Real Estate or assistance with your Austin home search, please call me at (512) 516-9110.

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Affordable. Luxury. Condo.

February 16th, 2012

This is a brand new listing in the heart of Rosedale in Central Austin.  Unit 16 at 2209 Hancock Drive is an incredible opportunity to own a luxury condo at an incredibly affordable price.  If you are in the middle of your Austin Home Search, stop now, buy this property in Austin and be done!

2209 Hancock Drive Unit 16 also referred to as Ventana Condominiums is a wonderful gated community in the heart of central Austin.  Located a few miles north of downtown Austin, the 40 unit complex is constructed of stucco and stone with a metal roof for low maintenance and aesthetic appeal.  This complexed was constructed in 2000 and has been impeccably maintained since its inception and accented with beautiful landscape and greenery.  There are a total of 3, buildings, 2 being 3 story and 1 being 1 story and this particular listing is on the third floor of building 1.

Ventana #16 is a very large 1 bedroom 1 bath, 713 sq ft, well laid out unit.  This unit was fully upgraded in 2007 with beautiful hardwood floors, ceramic tile in the kitchen and granite countertops and stainless appliances suitable for the pickiest buyer.  Different than most condo units, this particular unit does have natural gas and a gas stove.  The level 2 granite is of wonderful quality and includes an in-laid sink giving it a true luxurious appeal.  This unit also has a utility closet with full size washer and dryer connections and included in this sale is a nice washer and dryer set.

Step outside on this oversized private balcony that faces towards beautiful west Austin which offers a beautiful hill country view and an abundance of gorgeous trees and lanscape.  These balconies have recently been redone by the HOA and large enough space to sit outside and enjoy the outdoors.

The master bedroom has a very large west facing window allowing for plenty of light in this large room which will easily fit a queen or king sized bed.  The large walk-in closet offers plenty of storage space and room for any shoe collector.  The large bathroom has a door way off of the master as well as an entrance off of the living room making it easily accessible to guests as well.  This unit has granite counters on the vanity and a stand-up shower/tub combo.

Aggressive financing and low rates allow you to buy this place with 5% down and keep total payments under 1200/month, which is less than you could rent this property for.

If you are in the market for a low maintenance, affordable piece of Austin real estate or if you are looking to own a second home to stay at when you come visit, be sure to add 2209 Hancock to your Austin Home Search as you will not be disappointed.

For more information or to schedule a private showing contact me at (512) 786-1515.

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3400 Beartree Circle: private Greenshores area retreat now offered at $575,000 or lease for $3950 per month!

February 13th, 2012

You can tell there is something special about 3400 Beartree as soon as you pull in the driveway. Actually it starts with the drive to the property, a gorgeous but quick 5 mile drive on City Park Road form RR 2222 passing along side the Balcones Canyonlands Preserve and Emma Long Park. It’s hard to believe this quiet cul-de-sac is only 25 minutes from downtown Austin.

The house is situated almost square in the middle of the 1 acre wooded lot. The front yard is mostly flat dotted with mature trees and native landscape offering plenty of room for family football game or epic Easter egg hunts.  The backyard is an oasis of natural hill country landscape but fully fenced for the safety of pets and children.  First and second level decks overlooking the back yard allow for enjoying a glass of wine as the sun sets over the mature Oak trees.

The home is stone on all sides with a metal roof that will last forever.  Originally built in 1982 and extensively remodeled in 2006, improvements include redesign and opening of kitchen with granite counter tops, new cabinets, and top of the line appliances.  Hardwood floors were installed through out the first level,  the half bath was updated and beautifully appointed,  and the den was converted into and a guest suite with a separate entrance and  full bathroom.  2006 also brought the addition of the front porch  and new front doors which greatly bolster the curb appeal.  An outdoor kitchen and patio dining area were also added.  Very little went to waste in the remodel as the old kitchen cabinets were put to use and the laundry room and the original front doors were installed on the outbuilding.

The extremely functional floor paln boasts 3734 sq. ft. 5 bedroom, 4.5 baths. The first floor of the home features the gourmet kitchen open to one of the two living rooms, formal dining with pocket doors, and the guest suite perfect of visiting in-laws or kids home from college. The two living areas are separated by a 2 sided stone fire place. Floor to ceiling windows throughout  flood the first level with natural light and blur the line between indoor and outdoor living.

As you take a left at the top of the stairs, you enter huge master suite with a ample closet space, double vanity, jetted tub, a separate steam shower, and direct access to the second floor patio.  The third and forth bedrooms offer plenty of space and are adjoined by a Jack and Jill bathroom. The 5th bedroom also has direct access to the second floor patio and an adjacent full bath.  The laundry room is also on the second floor, negating the need to haul laundry baskets up and down the stairs.  All carpet has been replaced upstairs in favor of hand-scraped style flooring.

3400 Beartree Circle offers a superb location less than a half mile from Lake Austin and Ski Shores Cafe.  It is a just a short drive to  boat ramps at Emma Long Park and plenty of room to keep you boat on the property.  The neighbors are friendly take good care of their homes are  but there is no a mandatory HOA.  At $599,000 or $160 per sq. ft. there is nothing that compares in the area.  New construction homes sell in adjacent Greenshores on Lake Austin and Oak Shores on Lake Austin sell for $200+ per square foot.  This property truly is a unique piece of Austin Real Estate offered at an amazing price!  Please call me at (512)496-0215 to schedule a private showing or to start your Austin homes search.

 

→ No CommentsTags: Austin Home Search · Austin Homes for Sale · Austin Real Estate

Clear Eyes, Good Search, Can’t Lose

February 7th, 2012

Most home searches are high-energy experiences as buyers envision specifics and have a hard time with anything that appears outside of their criteria match and Austin home searches are no different in that regard. With a wide range of housing styles from new builds in larger developments to some of the more character oriented houses of the 1950′s and 60′s – there is definitely an expanse of preference. When searching for a home it’s important to prioritize your purpose. Is this an investment property – do you see yourself living here for a short period of time and then leasing or selling in an attempt to net a profit? Is this a long term investment – have you found the house you plan on dropping anchor in for the next 10-15 years? Whatever the reason for the purchase, keep the focus on the main principles of why you are performing this home search in the first place. Generally speaking most home searches (again a Austin home search is no different) the idea of buying something that doesn’t immediately wow you is incomprehensible – but consider the priorities at hand and know that every possible problem has a solution. Work with your  Austin Realtor and discuss every avenue from renovations to expansions before crossing a potentially valuable property off your list. If the bones are there, the area is right and a high percentage of your priorities are met – don’t let the blue carpet get in the way of buying a perfect fit.

If you’d like more information on Austin Real Estate or assistance with your Austin home search, please call me at (512) 516-9110.

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2011 Austin Area Public School Rankings

February 6th, 2012


One of the best things about living in Austin is the good schools.  In most Austin neighborhoods the public schools are sufficient, preventing parents from having to pay private school tuition.  The most recent 2011 school rankings are listed by district below.

To find Austin real estate that feeds into a particular school or district or for assistance with your Austin Home Search,  please contact the Carvajal Group today at (512)419-7770.

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→ No CommentsTags: Austin Home Search · Austin Neighborhoods · Austin Real Estate · Austin School Ratings · Austin Schools and Universities