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$695,000

Beds
4
Baths
3.0
sq ft
2,649

127 Moonlit Stream Pass, Dripping Springs, TX 78620

127 Moonlit Stream Pass

Dripping Springs, TX 78620

  • 45 days on market
This home is offered with limited qualifying owner financing subject to an existing mortgage using a Wrap-Around Mortgage (aka Subject to mortgage). Wrap-Around Mortgage Terms: 10% down (min), 4.99% Interest rate, 5-year balloon (PITI $5056.81 based on a loan amount of $625,500). A "wrap-around mortgage" involves the seller financing part of the sale and wrapping this around the existing mortgage. In this situation, the buyer makes payments directly to the seller, and the seller continues paying the original mortgage. The new loan (from the seller to the buyer) covers the existing mortgage and the additional amount for the purchase price. The seller’s loan remains in place, but the buyer assumes financial responsibility for the new and existing loans through their payments. At the end of the 5th year, the Buyer must pay off the existing debt, refinance, or sell the property.** Step into modern luxury with this gorgeous David Weekly 2022-built home in the desirable Headwaters community of Dripping Springs. This stunning residence features an open floorplan, a chef's kitchen, and upgraded bathrooms, with large bedrooms offering comfort and space. The home backs to a serene greenbelt, providing added privacy and natural beauty. Enjoy being close to a new elementary school and scenic walking trails. Headwaters is an exceptional neighborhood where homeowners experience the perfect balance of rolling hills, modern living, and nature. The community features modern farmhouse-inspired homes, professionally landscaped streets, and a sophisticated amenities center, making it the heart of this sought-after area. Ask about our access to creative financing options and programs, including “Buy First, Sell Later". More photos available upon request.

Details

Property type

Single Family Residence

Lot size

6,098.4 sq ft

Price per sq ft

$263

Year built

2022

Annual property taxes

$15,199.9

Monthly HOA fee

$150

Price History

10/08/2024
Austin

Austin #3870637

Listed
$695,000

Schools & Community

Elementary school: 

Dripping Springs

Middle school: 

Dripping Springs Middle

High school: 

Dripping Springs

Community features: 

Clubhouse, Park, Playground, Pool

High school district: 

Dripping Springs 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

$94,153
Asking price
$695,000
Closing costs (~8% of asking)
-$55,600
Est. remaining loan balance
-$545,247
Cash to seller
$94,153

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

Seller’s Loan History

Lender

Priority Home Mortgage Lp

Loan start date

July 2022

Original loan amount

$563,803

Est. remaining balance

$545,247

Interest rate

5.23%

Loan type

New Conventional, 30 year

Seller

Steve Slattery

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: 11/22/2024 at 6:00 PM

Listing updated: 11/02/2024 at 9:26 AM

Listed by: Jaymes Willoughby, Keller Williams Realty Phone #: (512) 448-4111

MLS: Austin #3870637

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