NOT LISTED FOR SALE

Estimated Value: $812,660 - $923,000

-- Bed
4 Baths
2,172 Sq Ft
$400/Sq Ft Est. Value

Last Sold September 30, 2021

Current estimated payment $5,729/month

5 Days on Market

Highlights

  • Horses Allowed On Property
  • Open Floorplan
  • Wooded Lot
  • Zilker Elementary School Rated A-
  • Family Room with Fireplace
  • Vaulted Ceiling

About This Home

As of September 2021

Amazing South Austin Investment Opportunity – 78704!! Large single-story Duplex in Cinnamon Ridge subdivision in the heart of highly sought-after South Austin. This is an amazing secret little pocket of South Austin just east of South Lamar, and just south of W. Oltorf. Each unit has its own separate single-car garage and separate driveway. Side A offers 2 BD/ 2BA and a lovely open floor plan with the kitchen open to the family room and the dining area and breakfast bar seating. The kitchen has open cabinetry, stainless steel appliances, a gas range, and a pantry. Unit B offers 3BD/2BA, vaulted ceilings, and a bright open floor plan. The primary bedroom is located on the opposite side of the home from the two secondary bedrooms. The kitchen in Unit B offers an electric range, pantry, and charming tile floors. Beautiful wood-like laminate floors throughout both units with tile in the kitchens and bathrooms. Each unit offers its own wood-burning fireplace. The primary bedrooms each offer their own private ensuite bathrooms, walk-in closets, and access to the garage. Each Unit has its own private fenced-in yard with elevated wood decks and a grassy area. Gorgeous shade trees in the yard for Unit B. Both units are currently rented with the leases expiring on October 31, 2021. Incredible location just 3 miles south of Downtown Austin. Walking distance to the ABGB and Loro. Amazing restaurant, dining, and entertainment options along nearby South Lamar with more on the way with the upcoming remodel of Brodie Oaks (a $1 Billion Domain Style development plan). Just minutes from Barton Springs, Zilker Park, the Barton Creek Greenbelt, and SOCO. Easy access to Ben White, I-35, 360, and Mopac. Do not miss this incredible opportunity to secure prime real estate in one of the hottest areas in Austin! Deadline for offers Monday, 9/20 5pm.

Last Agent to Sell the Property

Gretchen Janzow

All City Real Estate Ltd. Co License #0541652 Listed on: 09/16/2021

Last Buyer's Agent

Archita Gunturu

Walzel Properties - Corporate Office License #0662500

Walzel Properties - Corporate Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,251

Year Built

  • Built in 1982

Lot Details

  • 7,057 Sq Ft Lot
  • Northwest Facing Home
  • Interior Lot
  • Level Lot
  • Wooded Lot
  • Few Trees
  • Back Yard Fenced and Front Yard

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Masonry Siding
  • HardiePlank Type

Interior Spaces

  • Walk-In Closet
  • 2,172 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Window Screens
  • Family Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Neighborhood Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Free-Standing Gas Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Laminate
  • Tile

Laundry

  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Schools

  • Zilker Elementary School
  • O Henry Middle School
  • Austin High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Patio
  • Horses Allowed On Property

Listing and Financial Details

  • Legal Lot and Block 7 / C
  • Assessor Parcel Number 04040713090000
  • 2% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • Cinnamon Ridge Subdivision
  • The community has rules related to deed restrictions

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,251

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Restrictions: Deed Restrictions
  • Unit Mix: See Remarks
  • Year Built: 1982
  • Direction Faces: NW
  • Directions: From Southbound I-35, use the right two lanes to take exit 230 to merge onto TX-71 W/ US 290 W toward Johnson Coty. Take the exit toward Menchaca Rd/ Pack Saddle Pass/ Victory Dr. Turn right onto Russell Dr. Turn right onto Fort View Rd. Turn left onto Clawson Rd. Turn right onto Lightsey Rd. Turn left onto Kinney Ave. Turn right onto Cinnamon Path. The Duplex is on the right.
  • Disclosures: Other Disclosures
  • Estimated Taxes: 15264.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: Back Yard, Fenced, Wood
  • Fireplaces: 2
  • Garage Spaces: 2.00
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: One
  • Living Area: 2172.00
  • Other Equipment: None
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Ceiling-Vaulted, Gas Dryer Hookup, No Interior Steps, Open Floorplan, Pantry, Primary Bedroom on Main, Walk-In Closet(s), Washer Hookup
  • Laundry Location: In Garage
  • View: Neighborhood
  • Flooring: Laminate, Tile
  • Fireplace Features: Family Room
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Exhaust Fan, Free-Standing Electric Range, Free-Standing Gas Range, Refrigerator, Stainless Steel Appliance(s), Water Heater-Gas
  • Property Condition: Resale
  • Security Features: Smoke Detector(s)
  • Window Features: Screens

Exterior Features

  • Exterior Features: Private Yard
  • Roof: Composition
  • Foundation: Slab
  • Patio And Porch Features: Patio
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Attached, Door-Single, Driveway, Garage, Garage Faces Front
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Internet-Cable, Internet-Fiber, Natural Gas Available, Sewer Available, Sewer Connected, Water Available
  • Heating: Central
  • Meter Description: Allocation Billing
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air

Association/Amenities

  • Association: No
  • Community Features: Curbs, Google Fiber, Sidewalks

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary School: Zilker
  • High School: Austin
  • Middle/Junior School: O Henry

Lot Info

  • Lot Features: Back Yard, Few Trees, Front Yard, Interior Lot, Level, Trees-Medium (20 Ft - 40 Ft), Trees-Small (Under 20 Ft)
  • Parcel Number: 04040713090000
  • Lot Size Acres: 0.1620
  • Lot Size Sq Ft: 7056.72
  • Subdivision Name: Cinnamon Ridge

Rental Info

  • Total Actual Rent: 3645.00
  • Pets Allowed: Negotiable

Building Info

  • Construction Materials: Brick Veneer, HardiPlank Type, Masonry – Partial
  • New Construction: No

Tax Info

  • Tax Block: C
  • Tax Filled Sqft Total: 2172
  • Tax Lot: 7
  • Tax Rate: 2.22667000000000
  • Tax Year: 2021
  • Tax Annual Amount: 12251.00
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Sep 29, 2021
Sold by
Spencer Jennifer and Maki Jeffrey
Bought by
Pillay Sanjay and Parikh Rupal
Seller's Agent
Gretchen Janzow
All City Real Estate Ltd. Co
Buyer's Agent
Archita Gunturu
Walzel Properties - Corporate Office
List Price
$850,000
Current Estimated Value
$867,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.51%

Purchase Details

Closed on
Mar 24, 2014
Sold by
Spencer Jennifer and Maki Jeffrey
Bought by
Cinnamon Path Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2014
Sold by
Cinnamon Path Llc
Bought by
Spencer Jennifer and Maki Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2013
Sold by
Spencer Jennifer and Saarinen Toni
Bought by
Cinnamon Path Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,900
Interest Rate
4.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2013
Sold by
One Edgeware Llc
Bought by
Spencer Jennifer and Saarinen Toni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,900
Interest Rate
4.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2006
Sold by
Spencer Jennifer and Saarinen Toni
Bought by
One Edgeware Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,920
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 22, 2006
Sold by
Balm Robert
Bought by
Spencer Jennifer and Saarinen Toni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,920
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 9, 2005
Sold by
Gray Kay Lynn and Watson Kay Lynn
Bought by
Baum Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,250
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2003
Sold by
Gray Richard E
Bought by
Gray Kay Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,550
Interest Rate
6.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 5, 1999
Sold by
Hewitt Michael P and Hewitt Kathy E
Bought by
Gray Richard E and Gray Kay Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,550
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 1996
Sold by
Mick John J
Bought by
Hewitt Michael P and Hewitt Kathy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,200
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Pillay Sanjay -- Independence Title
Spencer Jennifer -- Independence Title
Cinnamon Path Llc -- Independence Title
Spencer Jennifer -- Itc
Cinnamon Path Llc -- Ctic
Spencer Jennifer -- Chicago Title Co
One Edgeware Llc -- None Available
Spencer Jennifer -- North American Title
Baum Robert -- --
Gray Kay Lynn -- --
Gray Richard E -- Alamo Title Company
Hewitt Michael P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spencer Jennifer $280,000
Previous Owner Spencer Jennifer $192,900
Previous Owner Spencer Jennifer $209,920
Previous Owner Baum Robert $167,250
Previous Owner Gray Kay Lynn $107,550
Previous Owner Gray Richard E $107,550
Previous Owner Hewitt Michael P $114,200
Closed Gray Kay Lynn $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold -- -- --
09/21/2021 09/21/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $850,000 -- $391 / Sq Ft
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 $12,447 $540,388 $385,697 $154,691
2023 $14,783 $817,072 $500,000 $317,072
2022 $15,829 $801,498 $500,000 $301,498
2021 $14,922 $685,519 $300,000 $385,519
2020 $11,801 $550,189 $300,000 $250,189
2018 $11,858 $535,617 $300,000 $235,617
2017 $11,091 $497,334 $275,000 $222,334
2016 $9,279 $416,059 $230,000 $186,059
2015 $7,678 $411,980 $160,000 $251,980
2014 $7,678 $322,621 $190,000 $132,621
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 8458910

Unlock MLS (Austin Board of REALTORS®)

APN: 553234