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Property Description

This is an income restricted affordable housing unit at Congress Lofts, subject to a recorded City of Austin Affordable Housing Covenant (Travis County Document No. 2025120613, 99 year term). This is not a traditional resale. Buyers must be certified by the City of Austin (AHFC) as an Eligible Buyer prior to purchase, with household income at or below 60% of the Austin Round Rock MSA median family income (adjusted for household size) and subject to asset limits. Resale price is capped by covenant formula (2% simple annual appreciation on the original purchase price, not market value), and the City of Austin holds a right of first refusal on any future sale. Buyer must occupy as their primary residence; the unit cannot be used as a rental or investment property. Buyers should review and begin the AHFC Income Eligibility Packet (attached in MLS) with their lender early, as approval is required before closing. Listing agent is experienced with this program and available to help guide buyers through the process.

Overview

Property Status
For Sale
Lot Size
270.07 Sq.Ft.
MLS ID
6276985
Property Type
Condo
Year Built
2023

Features & Amenities

Neighborhood
South Austin
Water Frontage
None
View Description
Pool
Stories
1
Water Source
Public
Utilities
Electricity Connected
Pool
In Ground
Roof
None
Lot Features
None
Parking
Secured
Heat Type
Natural Gas
Air Conditioning
ENERGY STAR Qualified Equipment
Appliances
Dishwasher, Microwave, Range, RNGHD, Refrigerator, Free-Standing Refrigerator, Stainless Steel Appliance(s)
Other Interior Features
Open Floorplan
Sewer
Public Sewer
Substructure
None
Disability Features
None
Other Exterior Features
Balcony
Elementary School
Galindo
Middle School
Bedichek
High School
Travis
School District
Austin ISD
Sales Price
$152,310
Real Estate Tax
$3,150/yr
HOA
$80/mo

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4315 S Congress Ave # 220

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4315 S Congress Ave # 220
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