7701 Penelope CIR ZERO cost, 24 month Buy-Down with Preferred Lender! VERY LOW tax rate. Original owner! This home was built in 1975 and the Seller is the only owner! Home is well cared for, and offers an incredible opportunity to own a home in a top-rated School District, which includes a short walking distance to Laurel Mountain Elementary. Home is also in the coveted Great Hills area. IMPORTANT TAX NOTE: the City of Austin is NOT included as a taxing unit, therefore a VERY LOW tax rate!! Improvements include new paint, new carpet, and NEW WATER HEATER. One of the largest lots in the area and on a cul-de-sac. The extended length driveway, with a double gate, can accommodate an RV and/or a boat. No HOA! There is not a survey available, however, original floor plans are available with all offers. The main family room features built-in bookshelves, wood- burning fireplace and a charming wet bar. The kitchen includes stainless appliances and an adjacent breakfast area. This home includes a formal dining area, but could easily be used as an office or study. All the bedrooms are on the second level. The primary room offers a walk-in closet and a walk-in shower in the bathroom. The almost half-acre lot showcases an oasis of a backyard with a well-maintained pool, large trees, and an extended covered patio. The oversized garage has two bay doors, shelving, and a large closet.