$560,000
SOLD AUG 28, 2017
Last list price
-- Bed
-- Bath
2,112 Sq Ft
7,057 Sq Ft Lot

Recently Sold

$265 Per Sq Ft

42 Days on Market

Highlights

  • 2 Fireplaces
  • No HOA
  • Laundry in multiple locations
  • Zilker Elementary School Rated A-
  • Living Room
  • Central Heating and Cooling System

About This Home

As of August 2017

Amazing investment opportunity! Spacious duplex in 78704! Side B is vacant (used to lease for $1900) AND remodeled beautifully-ready for new tenant or owner occupant and low maintenance gravel backyard. Side A has tenants until May 2018, paying $1550 per month. Garage is converted to a third bedroom in unit A (with AC unit and carpet).FEMA - Unknown Restrictions: Yes

Last Agent to Sell the Property

Ashley Brinkman

Compass RE Texas, LLC License #0586405 Listed on: 06/16/2017

Compass RE Texas, LLC

Last Buyer's Agent

Warren Kull

Coldwell Banker Realty License #0533468

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,329

Year Built

  • Built in 1982

Lot Details

  • 7,057 Sq Ft Lot
  • Privacy Fence
  • Fenced

Parking

  • 1 Covered Space

Home Design

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

Interior Spaces

  • 2,112 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Living Room
  • Laundry in multiple locations

Kitchen

  • Free-Standing Range
  • Dishwasher

Schools

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

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Separate Water Meter

Community Details

  • No Home Owners Association
  • 2 Units
  • Cinnamon Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04040711010000
  • 2% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,329

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Building Area Total: 2112.00
  • Restrictions: See Remarks
  • Unit Mix: 2/1.5
  • Year Built: 1982
  • Directions: S Lamar Blvd to Del Curto Rd. From Del Curto Rd., turn onto Cinnamon Path. The property will be located on your left, ok to park in driveway (right side)
  • Disclosures: Seller Disclosure, Seller Provided Survey Available
  • Estimated Taxes: 9059.00
  • Fencing: Fenced, Privacy
  • Fireplaces: 2
  • Guest Accommodation Description: None
  • Levels: Two
  • Living Area: 2112.00
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Title: Negotiable
  • Special Features: None

Interior Features

  • Laundry Location: Multiple Locations
  • View: None
  • Accessibility Features: None
  • Appliances: Dishwasher, Free-Standing Range, Refrigerator
  • Property Condition: Resale, See Remarks
  • Security Features: None
  • Spa Features: None

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.00
  • Parking Features: None

Utilities

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

Association/Amenities

  • Association: No
  • Community Features: None

Schools

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

Lot Info

  • Lot Features: None
  • Parcel Number: 04040711010000
  • Lot Size Acres: 0.1620
  • Lot Size Sq Ft: 7056.72
  • Subdivision Name: Cinnamon Ridge

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 1550.00
  • Pets Allowed: No

Building Info

  • Construction Materials: Brick Veneer, Masonry – Partial

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Filled Sqft Total: 2112
  • Tax Rate: 2.23010000000000
  • Tax Year: 2016
  • Tax Annual Amount: 8329.00
  • Tax Exemptions: Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2017
Closed on
Aug 27, 2017
Sold by
Gruber Marcl
Bought by
Pan Jennifer and Gallo Daniel
Seller's Agent
Ashley Brinkman
Compass RE Texas, LLC
Buyer's Agent
Warren Kull
Coldwell Banker Realty
List Price
$560,000
Sold Price
$540,000
Premium/Discount to List
-$20,000
-3.57%
Total Days on Market
42
Current Estimated Value
$862,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,507
Avg. Annual Appreciation
6.22%
Original Mortgage
$405,000
Outstanding Balance
$342,740
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$519,767

Purchase Details

Listed on
May 29, 2015
Closed on
Jul 1, 2015
Sold by
Molina Jose E
Bought by
Gruber Marcel
Seller's Agent
Adrienne Laosa
Treaty Oak Property Management
Buyer's Agent
Ashley Brinkman
Compass RE Texas, LLC
List Price
$399,900
Sold Price
$406,100
Premium/Discount to List
$6,200
1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.10%
Original Mortgage
$324,880
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 1994
Sold by
Harper Donald G and Harper Phyllis I
Bought by
Molina Jose E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,055
Interest Rate
8.52%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- None Available
Vendors Lien -- Attorney
Warranty Deed -- Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $405,000 New Conventional
Previous Owner $324,880 New Conventional
Previous Owner $107,055 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Rented $1,800 0.0% --
10/19/2020 10/19/20 Price Changed $1,800 -2.7% $1 / Sq Ft
10/09/2020 10/09/20 For Rent $1,850 0.0% --
08/28/2017 08/28/17 Sold -- -- --
07/28/2017 07/28/17 Pending -- -- --
07/19/2017 07/19/17 Price Changed $550,000 -1.8% $260 / Sq Ft
06/16/2017 06/16/17 For Sale $560,000 +40.0% $265 / Sq Ft
07/01/2015 07/01/15 Sold -- -- --
06/03/2015 06/03/15 Pending -- -- --
05/29/2015 05/29/15 For Sale $399,900 -- $189 / 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
2023 $16,315 $901,734 $500,000 $401,734
2022 $16,705 $845,842 $500,000 $345,842
2021 $14,351 $659,301 $300,000 $359,301
2020 $11,510 $536,622 $300,000 $236,622
2018 $11,573 $522,709 $300,000 $222,709
2017 $10,828 $485,552 $275,000 $210,552
2016 $9,059 $406,199 $230,000 $176,199
2015 $6,610 $370,552 $160,000 $210,552
2014 $6,610 $293,381 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 7375279

Unlock MLS (Austin Board of REALTORS®)

APN: 553189