Mungo Homes to Build 300 Townhomes in Elgin Area

News Summary

Columbia residents can look forward to the Astoria Townhome community, featuring 300 affordable townhomes by Mungo Homes in the Elgin area. Strategically located off Interstate 20, these townhomes will start in the high $100,000 range, offering a significant cost reduction compared to current market prices. The development will include a pool, cabana, and playground, catering to community needs. As the area experiences growth, fueled by local job opportunities, the future for potential homeowners in Columbia is promising with incoming infrastructure improvements as well.

Exciting Development in Columbia’s Elgin Area: Mungo Homes to Build 300 Townhomes!

Columbia residents, get ready for some thrilling news! The housing market is booming in our fair city, and Mungo Homes is leading the charge with a substantial new project in the Elgin area. This development, named the Astoria Townhome community, is set to bring a whopping 300 townhomes to our neck of the woods!

Location, Location, Location!

The Astoria Townhome community will be conveniently located just off Exit 82 on Interstate 20, making it a lovely spot for new homeowners who want easy access to all the fantastic amenities and attractions that Columbia has to offer.

Affordable Living in a Competitive Market

Now, here’s the kicker: Mungo Homes is planning to offer these townhomes starting in the high $100,000 range. That’s a significant drop compared to the current area average, which sits between $260,000 and nearly $300,000. Given that Columbia’s overall average home price is just under $233,000, this development comes as a breath of fresh air for those looking to get into homeownership without breaking the bank.

Community Amenities to Enjoy

The excitement doesn’t stop at just affordable pricing, though. The plans for the Astoria Townhome community include a variety of tempting amenities. Residents will be able to cool off in a refreshing pool, have fun gatherings at the cabana, and watch the kids play at a playground designed just for them. It’s all about creating a welcoming environment filled with opportunities for fun and relaxation.

Growth on the Horizon

But wait, there’s more! This 310-townhome project will be positioned on Spear Creek Church Road, a hotspot for local growth. There are hundreds of new homes and businesses popping up in the surrounding neighborhood, making it an ideal hub for anyone looking to plant roots and embrace a vibrant community.

The Future is Bright for Columbia

The increase in development in the Elgin area can be largely attributed to easy interstate access and a pressing housing shortage in the Midlands. Columbia is on the up and up, and it seems there’s no stopping it. One noteworthy contributor to this surge is Scout Motors, which is building a remarkable $2 billion manufacturing plant in nearby Blythewood. Expected to begin production in 2027, this project promises to bring not only jobs but also an influx of new residents, ramping up the need for housing options.

Infrastructure Improvements in the Works

As if that wasn’t enough, there are some exciting infrastructure enhancements also on the agenda. Richland County has plans to widen local roads and add right-of-way lanes as part of its Transportation Penny Tax program, with work set to kick off in early 2026. This means improved commutes and even more accessibility for our growing community.

All in all, it seems like there’s never been a better time to be part of the Columbia community. With affordable housing options like the Astoria Townhome community in the works, and continued growth and development in the region, the future looks bright for residents and newcomers alike. Keep your eyes peeled for what’s sure to be an exciting era in Columbia!

Deeper Dive: News & Info About This Topic

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Additional Resources

• Columbia Business Report: Mungo Homes Names New CEO
• Wikipedia: Columbia, South Carolina
• Cola Daily: Mungo Homes Appoints New CEO
• Google Search: Mungo Homes
• Charlotte Observer: Mungo Homes Business News
• Encyclopedia Britannica: Real Estate
• WIS TV: Mungo Homes Purchases Land
• Google News: Mungo Homes Blythewood
• The State: Mungo Homes Local News

Author: HERE Lexington