Is this house still on market?

Asked by Abhay Samant, Austin, TX Sat Feb 28, 2009

--
This question is about this property: http://www.trulia.com/homes/Texas/Austin/sold/24848786-14614…

Help the community by answering this question:

+ web reference
Web reference:

Answers

4
Jeffrey Schn…, Agent, Austin, TX
Sat Feb 28, 2009
BEST ANSWER
Abhay,

This was your home back in 2004. I guess you sold it back to Kendree early last year? Are you just curious as to what they are going to be able to sell it for. The issue with Commanders Point is that there was too much hype when it was first brought to market. That may be what you got caught up in. These types of developments have substantial depreciation in slow markets, as I suppose you may have realized. At one time, these properties were commanding $190/SF, but many are now in foreclosure or short sale situations.

I suspect their value for the foreseeable future is going to be in the $110/SF to $130/SF range, which as you know, is a substantial reduction from what they originally sold for. Your home in particular, is way over priced by Kendree and I doubt it will sell anytime soon, unless they drop the price to less than $450K. Probable selling price may be as low as $375K. Note they were trying to lease it for $2,600 to $3,000, but had no luck at that either.

Might not be the info you wanted to hear, but that's pretty much the situation. If I can be of more help, let me know.

Jeffrey
0 votes
Buyers House…, , Texas
Sat Feb 28, 2009
14614 Mansfield Dam Court #2 has been on the market for close to 90 days. There have been no price changes. There are currently no contracts on this property. If you wish to follow this property online and receive any updates, look it up for free on our website http://www.BuyersHouseRealty.com. The MLS # you can use, is 4556742.

14614 Mansfield Dam Court #17 is listed for $429,000 and has been on the market since November. The original list price $525,000. It is also over 3700 square feet. If you wish to follow this property online and receive any updates, look it up for free on our website http://www.BuyersHouseRealty.com. The MLS #you can use, is 2832726.

The last sell at the Villas at Commanders was in 1/05 for $448,000, 2800 sq. ft.. Since this sale the only listings that have gone on the market are the two listed above.

Looking at the above information, #17 would be a better buy based on the price per square feet.

Keep in mind when using our service, you will receive 75% of our commission that we receive from the seller or builder. An example: $400,000 x *3% Buyer Agent Commission = $12,000 x75% = $9000 Reward you will receive after closing.

Regards,

Gavin St.Louis
Texas Managing Broker
Buyers House Realty
http://www.BuyersHouseRealty.com
0 votes
Sophia Carde…, , Houston, TX
Sat Feb 28, 2009
Hi Mr. Samant

Yes, this house is still on the market, listed for $535,000. It is a 3/3 2877 sq.ft at $185.96 per sq foot.

14614 Mansfield # 17 is also for sale, listed at $429,000. It is a 4/4 3767 sq.ft at $113.88 per sq foot, it is a short sale.

You may call me at 517-1028 if you would like more details, or email me at sophia@realtorsforcharity.com.

Sophia Cardenas, Realtor
0 votes
Douglas Stew…, Agent, Austin, TX
Sat Feb 28, 2009
The MLS shows there are two of these condos on the market at this time and #2 that you've asked about is one of them. Acording to the MLS, the s.f. is approx 2877 and the list price is $535k. The HOA fees are $125 per month and are mandatory and the taxes show $10,243 with a special assesment of $10,639. If you would like to make an appointment to view the home, I'll be more than happy to help you and if there's anything else in the Lakeway area you might be interested in, I know the area well so please don't hesitate to contact me.
Regards,
Doug
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more