Home for Sale at 5908 Back Bay LN, Austin, TX 78739

5908 Back Bay Ln
Austin, TX 78739

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Property Details

List Price:	$1,099,000
Beds:	4
Baths:	3
Status:	Active
SqFt:	2998
Agency:	Keller Williams Realty International

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1994
Notes:	Absolutely stunning example of Newmark Home builder's model home and the best-selling floorplan they ever designed. This "Highland" plan has undergone a nearly $250,000, vintage-modern aesthetic remodel with nothing but the best in materials, systems, and upgrades. Guaviare Brazilian hardwood flooring downstairs greets you and takes you through the home. The kitchen has been completely remodeled with Dekton Stone countertops (more durable and expensive than quartz), Thermador range, and custom built-in dry bar with a 23 bottle, dual-zone wine fridge. All windows are brand new and the A/C's were both replaced in 2019 and 2021. The home is loaded with custom built-in cabinetry, moldings, lighting, and more. This plan is a 4-bedroom, 3 full bath home with a separate office, also loaded with built-in cabinetry. The master and an additional bedroom are downstairs with two full baths downstairs for guests' convenience. Upstairs are two more bedrooms, a full bath, and a huge game room. The master bathroom is remodeled with dual showerheads and an $8,000, Jason hydrotherapy jetted tub. You will find plantation shutters or custom Hunter-Douglas shades everywhere. The stunning pool and hot tub were both remodeled with new tile and a complete re-plastering in 2021. As if this magnificent list of updates and upgrades were not enough, the owners decided to install an incredible $75,000 outdoor living area, complete with a cantilevered rooftop, featuring a beaded-wood ceiling, recessed lighting, Hydro-Mist oscillating fans, and beverage center. The back yard boasts Dennon wireless outdoor speakers, grill area, artificial turf, and the list goes on and on. The laundry/utility room is remodeled with custom cabinetry that is perfectly designed for the space. This amazing home backs to permanent greenbelt, so you can relax in complete privacy with no neighbors to the rear. Please access the seemingly un-ending list online of more updates and upgrades they had installed.
MlsNumber:	7991730

Listing Provided By:	Keller Williams Realty International, original listing
Name:	Keller Williams Realty International
Phone:	(512) 448-4111
Office Name:	Keller Williams - Austin SW
Office Phone:	(512) 448-4111
Agent Name:	John Squires Jr
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.

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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