Is this price to the general public, or is this one of the units that’s income-restricted? Listing seems to clarify that this home is not yet built (“Photos are of home to be built at this property address.”)
I admit that I really like the IDEA of SOL, but still think these communities will attract mostly DINK families and retirees.
On the latter point, I honestly tried to encourage my mom to go out and look at them as she’s considering retirement. Locking in your energy costs and being close to major medical facilities should be very attractive to that demographic.
I manage the sales for SOL Austin and wanted to help with your questions.
The price is a market rate price for the general public as listed on the MLS. This is not income restricted. This house is built at SOL on another lot. We plan to do 3 of these home plans in SOL (so 1 of the 3 is built).
There are 20 homes with people living in them at SOL, 4 more under construction and a few others in the pipeline. The neighborhood has singles, couples and some families living there so it’s pretty diverse. Let me know if you’d like to set up a tour.
This income-restricted thing has always bothered me. I lived in a historic building years ago, a certain (large) percent was income-restricted, of course no one bothered to tell me, so I was just thrilled to death when I found out I was paying 1500 a month (me being single at the time), my neighbor about 500 (four people crammed into a tiny space). The place is now a highrise ghetto. Same thing will happen to SOL at some point, which is too bad. No resale value and (eventual, or maybe not so eventual) dicey neighbors.
Looking at the website, looks like the only units really selling are affordable housing units. 14 affordable housing units sold, 3 market rate units sold.
Eight market rate homes have been sold at SOL to date. This needs to be updated on the website. The affordable program homes sold pretty quickly given the nice incentive program by the GNDC which helps people at below median income levels. Over the last 8 months, the sales at SOL have all been market rate homes as people have seen the great value (5 star built, KRDB Modern style, and high grade finishes) you can get for the price.
The mkt rate homes at SOL have all appraised at or above the sales price and in some cases the appraised value has been $5k to $10k over the sales price. With the growth of the East Austin, 7th street being developed into to the gateway to the city from the airport, and the quality of the homes, SOL is in a great position for future value.
There have also been several events in the central park where most all the neighbors have attended. It is a great mix of outstanding people.
Eric, what neighborhood do you live in? With as many negative comments as you have for all the other neighborhoods in Austin you must have found a real Austin Shangri-La. Do tell so we can your neighbors.( ;
Adam, not quite Shangi-La (Bryker Woods if you must know. And yes, I know, houses too small, too old, prices too high, etc., etc., etc., heard it all…I wanted mid-century, ended up in a 1937 bungalow, funny how that works), but it works for me. We all have our likes, dislikes, blah, blah, blah, anyway, my problem with SOL is the income-restriction, it always ends up a problem in the long-run. My dislike of Agave stems from the location, it’s just dreary and, oh nevermind, that’s just my perception of the area, to others it may very well be Shangra-La, I’m glad for ’em. Tell ya what, here are some areas I DO like, okay? I like Hyde Park, I like Highland Park West, I like French Place, I like Barton Hills/Zilker, I like Travis Heights, I like Old Enfield, I like parts of Allandale and Crestview…and many others I can’t quite conjure the names of off the top of my head. Happy now? Jeez Louise.
Is this price to the general public, or is this one of the units that’s income-restricted? Listing seems to clarify that this home is not yet built (“Photos are of home to be built at this property address.”)
I admit that I really like the IDEA of SOL, but still think these communities will attract mostly DINK families and retirees.
On the latter point, I honestly tried to encourage my mom to go out and look at them as she’s considering retirement. Locking in your energy costs and being close to major medical facilities should be very attractive to that demographic.
Hello David-
I manage the sales for SOL Austin and wanted to help with your questions.
The price is a market rate price for the general public as listed on the MLS. This is not income restricted. This house is built at SOL on another lot. We plan to do 3 of these home plans in SOL (so 1 of the 3 is built).
There are 20 homes with people living in them at SOL, 4 more under construction and a few others in the pipeline. The neighborhood has singles, couples and some families living there so it’s pretty diverse. Let me know if you’d like to set up a tour.
Blaine
616-490-9214
blaine@solaustin.com
This income-restricted thing has always bothered me. I lived in a historic building years ago, a certain (large) percent was income-restricted, of course no one bothered to tell me, so I was just thrilled to death when I found out I was paying 1500 a month (me being single at the time), my neighbor about 500 (four people crammed into a tiny space). The place is now a highrise ghetto. Same thing will happen to SOL at some point, which is too bad. No resale value and (eventual, or maybe not so eventual) dicey neighbors.
Looking at the website, looks like the only units really selling are affordable housing units. 14 affordable housing units sold, 3 market rate units sold.
Eight market rate homes have been sold at SOL to date. This needs to be updated on the website. The affordable program homes sold pretty quickly given the nice incentive program by the GNDC which helps people at below median income levels. Over the last 8 months, the sales at SOL have all been market rate homes as people have seen the great value (5 star built, KRDB Modern style, and high grade finishes) you can get for the price.
The mkt rate homes at SOL have all appraised at or above the sales price and in some cases the appraised value has been $5k to $10k over the sales price. With the growth of the East Austin, 7th street being developed into to the gateway to the city from the airport, and the quality of the homes, SOL is in a great position for future value.
There have also been several events in the central park where most all the neighbors have attended. It is a great mix of outstanding people.
Eric, what neighborhood do you live in? With as many negative comments as you have for all the other neighborhoods in Austin you must have found a real Austin Shangri-La. Do tell so we can your neighbors.( ;
Adam, not quite Shangi-La (Bryker Woods if you must know. And yes, I know, houses too small, too old, prices too high, etc., etc., etc., heard it all…I wanted mid-century, ended up in a 1937 bungalow, funny how that works), but it works for me. We all have our likes, dislikes, blah, blah, blah, anyway, my problem with SOL is the income-restriction, it always ends up a problem in the long-run. My dislike of Agave stems from the location, it’s just dreary and, oh nevermind, that’s just my perception of the area, to others it may very well be Shangra-La, I’m glad for ’em. Tell ya what, here are some areas I DO like, okay? I like Hyde Park, I like Highland Park West, I like French Place, I like Barton Hills/Zilker, I like Travis Heights, I like Old Enfield, I like parts of Allandale and Crestview…and many others I can’t quite conjure the names of off the top of my head. Happy now? Jeez Louise.