Low Prices, Upgraded Finishes and Quality Amenities Attract First-Time Homebuyers to Ceniza Condominiums

Just 12 minutes to downtown Austin big draw to Ceniza condo buyers

Oct 13, 2010, 16:56 ET from Ceniza Condominiums

AUSTIN, Texas, Oct. 13 /PRNewswire/ -- Only six two-story, townhome-style condominiums remain at Ceniza Condominiums, thanks to dramatic price reductions and an unmatched value in the marketplace, according to Ceniza Condominiums sales manager Nathan Ottosen.

The Ceniza Condominiums were reduced in price by nearly 15 percent in July, with prices dropping from $138,900 to just $118,900. The remaining homes are 921 square feet and include two bedrooms and one-and-a-half bathrooms.

"A $20,000 price decrease is very significant, even in this market," said Ottosen. "The new pricing allows homebuyers to keep as much cash in their pocket as possible."

Ottosen says many of the recent homebuyers at Ceniza were renters in downtown Austin who were ready to buy, but didn't want to pay a premium price for a downtown location.

"We closed six sales in the last 60 days and nine in the last 90 days – the majority of which were first-time homebuyers," said Ottosen.

Location: Ceniza Condominiums is only 12 minutes away from downtown Austin, making the community a cost-effective option for many buyers who work in the city.

Upgraded finishes: The Ceniza homes all include stainless appliances, full-size washers and dryers, 2 inch blinds, granite slab countertops, upgraded cabinets and ceramic tile flooring. The master bedroom includes a walk-in closet. Plus, each home has either an outdoor patio or deck – to expand the livable square footage.

Quality amenities: A private, gated entry offers added security for Ceniza owners and the swimming pool and landscaped outdoor areas are gathering places to meet neighbors.

Low cost of entry: The new, lower price means low monthly mortgage payments. But one of the biggest attractions is the low cost of entry.

"The FHA loan program allows homebuyers to make a down payment of just 3.5 percent, instead of 10 to 20 percent – saving up to $19,000 on the down payment," Ottosen added.

Buyers are taking advantage of an offer to cover up to 4 percent of the purchase price toward approved closing costs – a value of up to $4,756.

The low, monthly Homeowners Association dues are just $156, which includes hazard insurance, water, sewer, trash, landscaping and exterior building maintenance.

For more information, please visit www.CenizaCondos.com.

SOURCE Ceniza Condominiums