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$825,000

Beds
2
Baths
2.5
sq ft
1,234

1101 The Cape Rd Unit 1, Horseshoe Bay, TX 78657

1101 The Cape Rd Unit 1

Horseshoe Bay, TX 78657

  • 181 days on market
You don't want to miss this furnished property with a view of both sides of the Cape, Marina, & Light House!! Two story condo on the prestigious The Cape, gated community. This property is located on open water just behind the Yacht Club on the resort. Amenities: End unit, living area, dining room, kitchen, utility area, two en-suite bedrooms with walk in closets, upper and lower exclusive deck, covered reserved parking, use of the common dock with the view of the lighthouse & yacht club pool area, boat garage with lift, jet ski ramp, central air & heat, electric fireplace, washer/dryer, dishwasher, beverage server, refrigerator, microwave vent-a-hood, interior/exterior storage. Photos are staged. Horseshoe Bay POA dues are due once a year. The Cape, Inc. dues are due once a year and managed by Highland Management. To access neighborhood amenities you must be a member of the resort for amenity use. There are many levels of membership.

Details

Property type

Condominium

Est. home value

$648,476

Lot size

671 sq ft

Price per sq ft

$669

Year built

1981

Annual property taxes

$7,265

Monthly HOA fee

$485.33

Price History

06/10/2024
CentralTexas

CentralTexas #534567

Price change
$825,000
+0.73%
03/22/2024
CentralTexas

CentralTexas #534567

Listed
$819,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Clubhouse, Fitness Center, Fishing, Golf, Park, Airport/Runway, Tennis Court(s), Curbs, Gated, Street Lights, Sidewalks

High school district: 

Llano ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$688,352
Asking price
$825,000
Closing costs (~8% of asking)
-$66,000
Est. remaining loan balance
-$70,648
Cash to seller
$688,352

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

First National Bank Texas

Loan start date

May 2013

Original loan amount

$245,000

Est. remaining balance

$70,648

Interest rate

2.65%

Loan type

Not Provided, 15 year

Seller

Joe H Carothers and Nancy Sisco-Carothers

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 4:55 AM

Listing updated: 07/08/2024 at 10:23 AM

Listed by: Nancy Sisco-Carothers, Oakalla Investments, Inc. Phone #: (254) 547-3499

MLS: CentralTexas #534567

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