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