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Aledo dedicates new addition to Sponsler Manor subdivision
By Brian Weckerly,
1 days ago
The City of Aledo dedicated a new addition to a subdivision.
Works has been completed on the first phase of the Sponsler Manor 4th addition. This is the next phase of growth for a subdivision that first began on Aledo's north side in the 1970s. This phase features newly-constructed roads and infrastructure serving 12 lots, which are available for sale as part of the city's efforts to expand housing availability.
According to a release from the City of Aledo:
To encourage new home construction, the City Council has approved a 50% lot incentive program: qualified buyers pay just 50% of the lot price at closing — $25,000 for premium lakefront lots (listed at $50,000) or $20,000 for standard lots (listed at $40,000) — with the remaining balance structured as a promissory note the City will forgive once construction milestones are met, including completion of a new single-family home within 24 months of closing.
The Sponsler Manor 4th addition subdivision is located at 900 NE 7th Ave., Aledo.
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