Weekly publication of homes from the Wacotrib. March 2014

January 5, 2014 IN THIS ISSUE Open House ......... Pg. 2 Home Tours ........... Pg. 4 Rental Living ......... Pg. 5 Classifieds ............. Pg. 5 PRESIDENT’S COLUMN Steve Cunningham is president of the Waco Association of Realtors and is associated with Coldwell Banker Jim Stewart, Realtors. Do you know what you’re paying for every month? When you decide to buy a new home, a good first step is to determine how much mortgage you can afford. After talking to a mortgage broker or using a mortgage calculator, you may find a payment amount that’s well within your monthly budget. But keep in mind that the mortgage payment is only one of the monthly expenses you are responsible for with a new house. So, what else are you paying for? Where the money goes Your monthly payment is typically made of four components: principal, interest, taxes, and insurance – often referred to as PITI. * Principal. Principal is the amount you originally borrow. Early in your mortgage’s term, your pay- 10409 RAYBURN WAY ments will be applied mostly to the loan’s interest. As the loan progresses, you’ll pay off more principal. * Interest. Interest is money the lender charges to take the risk on your loan. The interest rate on your loan has a direct correlation to the size of your payment. That is, a higher interest rate leads to higher monthly pay- ments. For most homebuyers, higher interest rates reduce the amount of money they can borrow, and lower interest rates increase it. * Taxes. Property taxes can account for a significant amount of your monthly payment. These taxes for local schools, city and county services, and other local entities are based on the tax 1731 W SPRING VALLEY RD Waco Don’t miss this exquisite 3BR/2BA China Spring home! Arched ceilings in dining room, wired for surround sound. Centrally located laundry room that makes life so easy! Open concept, large kitchen w/stainless appliances & granite countertops. Crown molding & arched entries. Plantation shutters, & foam insulation with low utility bills! Porches are stained, stamped concrete. Too many details to list! Must see! $205,000 MLS#153794 Donna Terrase, 717-6932 rate for each of those taxing authorities and the appraised value of your property. Instead of a large tax bill coming due at the end of the year, many property owners pay their property tax as part of their monthly payment. The annual amount is divided by the total number of payments in a given year. The lender collects these pay- ments and holds them in escrow until they are due, and then the lender uses the money to pay the bill. * Insurance. There are two types of insurance coverage that may be included in your monthly payment. The first type, property insurance, protects your home and possessions from fire, theft, and Continued on page 2 3525 CHATEAU AVE. Hewitt Waco Two bedroom, 1 bathroom Hewitt home that has potential to be commercial OR residential!!! Located close to the corner of Spring Valley & Hewitt Dr. Call Kevin Collins at 716-1908 for more information! $110,000. MLS#153231 A classic beauty in the heart of historic Castle Heights! This 3 bedroom, 2.5 bath home is a charming mix of old and new. Original hardwood floors, light filled rooms, generous crown molding, and a large covered patio are reminiscent of bygone days. Updates include recessed lighting, stainless steel appliances, marble countertops, and a large master suite! Offered at $269,900 MLS# 151984 Donna Terrase Kevin Collins Pat Quick Kelly, Realtors Kelly, Realtors Quick & Associates 254.717.6932 254.717.1908 254.723.0985 HILLS OF CHILDRESS CREEK LOTS 7224 WESTOVER ROAD 106 FOREST HAZE CIRCLE China Spring Waco China Spring Wooded Acreage Home sites from the 20’s. Beautiful mature trees, views, wildlife, extra wide paved roads, underground utilities, More! Great 5.99% Seller Financing Available. All tracts also qualify for Texas Veterans Land Board financing. Call Today for Details and Directions! Gorgeous home sits on almost an acre and is surrounded by mature trees and lovely landscaping. Custom kitchen cabinets, granite counters and hardwood flooring. Three (3) Newly remodeled full Bathrooms and all new hardwood flooring. 3 bedroom, 3 bathroom and 2 half baths with a private game room off the kitchen. Isolated master bedroom and bath with beautiful bay window. Elegant formal living and dining rooms trimmed out in fabulous raised wood paneling and wood beams. Private In ground pool, hot tub and sprinkler system. Breathtaking neighborhood convenient to Lake Waco and Ridgewood Country Club. 106 Forest Haze Circle. Great home in convenient Woodfield subdivision. China Spring ISD. Newly updated with new paint, roof and HVAC. Home located in a secluded cul-de-sac on over an acre lot with trees. Beautiful kitchen opens up to bright living room that looks out over the deck and inground pool. 3 bedrooms/2 baths. No city taxes. Don’t miss out on this great opportunity! Hines Group Texas 254.709.9908 254.776.7000 Shawn Buhner Andrea Ridgway Bentwood Realty Coldwell Banker Jim Stewart, Realtors 254.722.0398 254.715.6994 504 HAWKINS COURT Robinson Another great Echterling built home. This home is built to provide maximum living space in a 2011 sq.ft. home. This foam insulated home offers great saving on energy cost. Two bedrooms upstairs and one down. Open floor plan 2.5 bath. Home is not completed. Granite kitchen tops. Separate tub and shower, in large master with large master closet. Call Gentry Real Estate 254-662-1272, Mike Sanders-715-3922, Waymon Gentry - 715-3922 or Carl Sims - 447-1042 Mike Sanders Gentry Real Estate 254.715.3922 493 HAWKINS COURT To Advertise Your Listing or Home “CALL TODAY” Amy Crawley 254.757.5844 [email protected] www.wacotrib.com Robin 6