there's a lot to love!
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Whelp, we did it: We bought a lot! Suddenly this hypothetical of building a house is turning real, real fast. It certainly wasn't without its ups and downs and surprises but, in the end, it got done.
Our search was two years in the making after first finding a "dream lot" in the Bouldin Creek neighborhood. That lot was a bit Green Acres: city views out the front, a country creek in the back. It also had some building issues (challenging topography) and some less then desirable attributes (did I mention the railroad tracks one house over?). However, the owners were absolutely unwilling to budge on price, despite our financial stretching to within 90 percent of what they wanted. That lot is still unsold...
About a year later, after expanding our search, we found a wooded lot in northwest Austin. Again, backing on a creek but with far more challenging topography, a lot we called the "cliff lot". Into negotiations we went and came within a cat's whisker of having a signed contract when the neighbors used a small bulldozer to tear out trees and dam a small creek on the lot to landscape their backyard (all without city permits). The lot owner didn't appreciate our concerns with the potential liabilities, not to mention that he wasn’t at all upset about the transgression (suggesting he was somehow part of the whole affair), so we walked.
After pouring over the financials more closely, we realized that we were somewhat blessed to have those two deals fall through and started looking for lots for about a third less than what we had been budgeting for. This pushed our search out from the city core a little bit. We flirted with another greenbelt lot in northwest Austin, but balked because of city restrictions and neighborhood covenants.
That brings us to our current lot. It's different than any of the lots we'd considered before in that it is flat and doesn't back on greenbelt. However, it is a larger-than-usual city lot (twice the "normal" size at a quarter acre). Located in Allandale, it is on the north side of downtown but "in the loop" (south of 183, east of MoPac, west of I-35, north of 290). It's also in the coolish mid-century modern part of Allandale. Most importantly, it appears we can build and, if we had to sell right away, not lose money. We can have a garden, and the neighborhood, because of its lack of topography, is “Isetta friendly”. Interestingly, the subdivision of Allandale that our lot is in is called “Green Acres”. So although we didn’t get our “Green Acres” lot in Bouldin, Green Acres is where we will be.
The seller was a little kooky. He wanted us to sign a nondisclosure statement on the selling price (we refused), and he added a little trickery into the contract which he revealed just before closing that nearly scuttled the deal (we walked out of the room with our cashier's check; lawyers were consulted). The agents, sensing a disintegrating deal, stepped up “to make things right” before the seller’s resolve was tested. Talk about a poker game…
The lot does offer one challenge: It's on the edge of the neighborhood and backs up to a car dealership. Unfortunately, the dealership keeps four air compressors out behind its shop right behind our lot. But we're confidant that can be dealt with in some way.
Because my job gets a little crazy from now until May of next year, we won't start building until then. That gives us plenty of time to work with the architect on designing the house and preparing our current abode for sale.
I stopped by the lot yesterday and christened it with its first blue bottle. The adventure has just begun...