NOT LISTED FOR SALE

1401 Marcus Place Unit A Austin, TX 78721

East MLK Neighborhood

Estimated Value: $446,000 - $589,000

2 Beds
1 Bath
720 Sq Ft
$713/Sq Ft Est. Value

Highlights

  • Cul-De-Sac
  • Recessed Lighting
  • Central Heating and Cooling System
  • Rear Porch
  • 1-Story Property
  • Dogs and Cats Allowed

About This Home

As of January 2023

This quaint unit, situated in the middle of trendy East Austin, is a gem! Enjoy easy access to nightlife and entertainment just minutes away. This location is truly unbeatable! This unit has been completely renovated from top to bottom! A simple and clean floor plan layout inside includes an open concept kitchen, living room, and dining room combo with beautiful vinyl flooring throughout. The floor plan boasts 2 bedrooms and 1 bathroom. The second bedroom can be used as a perfect work from home space, or a second bedroom space. The updated kitchen and bathroom adds to the clean finishes inside. The front and back yard are both completely fenced in. Just a short walk to several neighborhood parks. This location has close proximity to the Austin airport and to downtown Austin. Commuting to entertainment, work or school takes no time at all! Apply here: https://www.myintellirent.com/s/5OEvspY

Last Agent to Rent the Property

Rebecca Deering

Kuper Sotheby's Int'l Realty License #0749995 Listed on: 11/11/2022

Kuper Sotheby's Int'l Realty

Co-Listed By

Dustin Weiss

Compass RE Texas, LLC License #0729096

Last Renter's Agent

Corey Burke

Team Price Real Estate License #0567418

Team Price Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,327 Sq Ft Lot
  • Cul-De-Sac
  • North Facing Home
  • Back and Front Yard Fenced
  • Wood Fence

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Blinds
  • Fire and Smoke Detector
  • Gas Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Electric Dryer Hookup

Parking

  • 2 Parking Spaces
  • Open Parking
  • Outside Parking

Schools

  • SIMS Elementary School
  • Martin Middle School
  • Northeast Early College High School

Additional Features

  • Rear Porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $2,150
  • Tenant pays for all utilities
  • No Smoking Allowed
  • 14-Month Min and 36-Month Max Lease Term
  • Negotiable Lease Term
  • $30 Application Fee
  • Legal Lot and Block 13 / B
  • Assessor Parcel Number 02101805410000

Community Details

Overview

  • Flournoy Heights Sec 02 Subdivision

Pet Policy

  • $50 Monthly Pet Rent
  • 2 Pets Allowed
  • Dogs and Cats Allowed
  • Large pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Rental Info

  • App Delivery To: https://www.myintellirent.com/s/5OEvspY
  • App Deposit Payable To: Owner
  • App Fee Payable To: Intellirent
  • Application Fee: 30
  • Application Policy: Best Qualified Application
  • Application Required: See Online App
  • First Month Rent Payable To: Owner
  • Furnished: Unfurnished
  • Max Lease Months: 36
  • Max Numof Pets: 2
  • Min Lease Months: 14
  • Monthly Pet Rent: 50
  • Security Deposit: 2150
  • Tenant Pays: All Utilities
  • Per Person: Yes
  • Pets Allowed: Cats OK, Dogs OK, Small (< 20 lbs), Medium (< 35 lbs), Large (< 50lbs), Negotiable
  • Renters Insurance Required: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Duplex
  • Year Built: 1964
  • Certified Funds: Yes
  • Direction Faces: North
  • Directions: From Austin: Take I-35 South and take exit for MLK Blvd. Take a left onto Martin Luther King Jr. Blvd. Right onto Springdale Rd. Left on Glomar Ave. Take the next left onto Marcus Place. Home will be straight ahead in the cul-de-sac.
  • Disclosures: Seller Disclosure
  • FEMA Flood Plain: No
  • Fencing: Back Yard, Front Yard, Wood
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Guest Accommodation Description: None
  • Housing Vouchers: No
  • Intermediary: Yes
  • Lease Term: Negotiable
  • Levels: One
  • Living Area: 720.00
  • Other Structures: None
  • Monthly Pet Rent Per Pet: Yes
  • Move In Special: No
  • On Site Compliance: No
  • Special Features: None

Interior Features

  • Interior Amenities: Electric Dryer Hookup, Primary Bedroom on Main, Recessed Lighting, Washer Hookup
  • Laundry Location: In Unit
  • View: None
  • Flooring: Carpet, Vinyl
  • Num Living: 1
  • Accessibility Features: None
  • Appliances: Gas Range
  • Appliances Maintained: Range/Oven/Stove
  • Main Level Bedrooms: 2
  • Security Features: Smoke Detector(s)
  • Smoking Inside: No
  • Spa Features: None
  • Window Features: Blinds

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms: 1
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Private Yard
  • Roof: Composition
  • Foundation: Slab
  • Patio And Porch Features: Rear Porch
  • Pool Features: None
  • Private Pool: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Open, Outside
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Heating: Central
  • Meter Description: Allocation Billing
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • Managed By: Owner

Association/Amenities

  • Community Features: Curbs

Schools

  • School District: Austin ISD
  • Elementary School: Sims
  • High School: Northeast Early College
  • Middle/Junior School: Martin

Lot Info

  • Lot Features: Cul-De-Sac, Curbs
  • Parcel Number: 02101805410000
  • Lot Size Acres: 0.1682
  • Lot Size Sq Ft: 7326.79
  • Subdivision Name: Flournoy Heights Sec 02

Building Info

  • Construction Materials: Wood Siding
  • New Construction: No

Tax Info

  • Tax Block: B
  • Tax Filled Sqft Total: 1440
  • Tax Lot: 13

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2023
Sold by
Lusso Properties Llc
Bought by
Mcpike Ane
Current Estimated Value
$513,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,500
Outstanding Balance
$612,222
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
-$98,505

Purchase Details

Closed on
Mar 31, 2022
Sold by
Otomi-Karol Property Group Llc
Bought by
Lusso Properties Llc

Purchase Details

Closed on
Nov 6, 2020
Sold by
Cash Home Investors Llc
Bought by
Otomi Karol Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 1997
Sold by
Mccumber Gary R
Bought by
Zappe Robert G and Zappe Priscilla

Purchase Details

Closed on
Sep 22, 1995
Sold by
Oak Lane Investments Inc
Bought by
Mccumber Gary R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,800
Interest Rate
7.76%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcpike Ane -- None Listed On Document
Mcpike Ane -- None Listed On Document
Lusso Properties Llc -- None Listed On Document
Lusso Properties Llc -- None Listed On Document
Otomi Karol Property Group Llc -- None Available
Cash Home Investors Llc -- None Available
Otomi Karol Property Group Llc -- None Available
Cash Home Investors Llc -- None Available
Zappe Robert G -- --
Zappe Robert G -- --
Mccumber Gary R -- Langham Title
Mccumber Gary R -- Langham Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcpike Ane $630,500
Previous Owner Otomi Karol Property Group Llc $420,000
Previous Owner Mccumber Gary R $40,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/01/2023 01/01/23 Rented $2,100 -2.3% --
12/28/2022 12/28/22 Under Contract -- -- --
12/20/2022 12/20/22 Price Changed $2,150 -2.1% $3 / Sq Ft
12/02/2022 12/02/22 Price Changed $2,195 -2.4% $3 / Sq Ft
11/11/2022 11/11/22 For Rent $2,250 -- --
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,702 $518,950 $266,575 $252,375
2023 $9,498 $549,783 $300,000 $249,783
2022 $10,436 $528,410 $300,000 $228,410
2021 $6,990 $321,143 $175,000 $146,143
2020 $6,589 $307,200 $175,000 $132,200
2018 $5,553 $250,828 $175,000 $75,828
2017 $4,518 $202,603 $150,000 $52,603
2016 $4,189 $187,847 $100,000 $87,847
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1648857

Unlock MLS (Austin Board of REALTORS®)

APN: 201143