$695,000
SOLD APR 11, 2024
Last list price
-- Bed
-- Bath
3,120 Sq Ft
9,967 Sq Ft Lot

Recently Sold

$223 Per Sq Ft

11 Days on Market

Highlights

  • Community Lake
  • Corner Lot
  • Multiple Living Areas
  • Property is near public transit
  • No HOA
  • Porch

About This Home

As of April 2024

Great cashflow investment opportunity directly across from the 208-acre Colony Park Sustainable Development Project and Travis County Expo Center, and minutes from Travis County's biggest park, Lake Walter E. Long. Fully rented, with many investment strategies possible for clients who are looking to grow their cashflow of simply increase their equity.

Last Agent to Sell the Property

Jacob Rodriques Pereira

Front Page Realty Brokerage Phone: (512) 576-7249 License #0724150 Listed on: 02/23/2024

Last Buyer's Agent

Larry Simms

Larry Simms, Broker License #0689413

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,112

Year Built

  • Built in 1984

Lot Details

  • 9,967 Sq Ft Lot
  • East Facing Home
  • Privacy Fence
  • Corner Lot
  • Lot Sloped Down
  • Back Yard Fenced and Front Yard
  • Property is in average condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Aluminum Window Frames
  • Multiple Living Areas
  • Dining Area
  • Fire and Smoke Detector
  • Washer and Electric Dryer Hookup

Kitchen

  • Free-Standing Electric Oven
  • Range Hood

Flooring

  • Linoleum
  • Laminate
  • Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Driveway
  • Additional Parking
  • Parking Lot

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near public transit

Schools

  • Overton Elementary School
  • Garcia Middle School
  • Lyndon B Johnson High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for management
  • Assessor Parcel Number 02173803190000
  • Tax Block A

Community Details

Overview

  • No Home Owners Association
  • Colony Meadows Sec 01 Subdivision
  • Community Lake

Recreation

  • Park

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,112

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1984
  • Direction Faces: East
  • Directions: From 183, turn East onto Loyola ln, turn left on Decker lane, then immediate left onto colony loop. Property will be on your left on the southwest corner of Colony Loop and Riverstone.
  • Disclosures: None
  • Fencing: Back Yard, Privacy
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: Two
  • Living Area: 3120
  • Other Equipment: Dryer Connections, Electric Dryer Hookup, Washer Hookup
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Attribution Contact: (512) 576-7249
  • Attribution Contact: (512) 576-7249
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 9112.00
  • FEMA Flood Plain: No
  • Restrictions: None
  • Tax Exemptions: None
  • Unit Mix: 2/1
  • Special Features: None

Interior Features

  • Interior Amenities: Electric Dryer Hookup, Multiple Dining Areas, Multiple Living Areas
  • View: None
  • Flooring: Laminate, Linoleum, Tile, Vinyl
  • Accessibility Features: None
  • Appliances: Free-Standing Electric Oven, RNGHD, Refrigerator
  • Property Condition: Resale, Fair
  • Security Features: Smoke Detector(s)
  • Window Features: Aluminum Frames
  • ResoLivingAreaSource: PublicRecords
  • Laundry Location: In Unit

Exterior Features

  • Exterior Features: None
  • Roof: Shingle
  • Foundation: Slab
  • Patio And Porch Features: Patio, Porch
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Additional Parking, Driveway, Parking Lot
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, High Speed Internet, Phone Available, Sewer Connected, Water Connected
  • Heating: Central
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Meter Description: Electric Separate,Water Separate

Association/Amenities

  • Association: No
  • Community Features: Lake, Park

Schools

  • Elementary School: Overton
  • High School: Lyndon B Johnson (Austin ISD)
  • Middle/Junior School: Garcia
  • Junior High Dist: Austin ISD

Lot Info

  • Lot Features: Corner Lot, Front Yard, Near Public Transit, Sloped Down
  • Parcel Number: 02173803190000
  • Lot Size Acres: 0.2288
  • Lot Size Sq Ft: 9966.53
  • Subdivision Name: Colony Meadows Sec 01

Rental Info

  • Owner Pays: Management
  • Total Actual Rent: 4265
  • Pets Allowed: All

Building Info

  • Construction Materials: Wood Siding
  • New Construction: No

Tax Info

  • Tax Block: A
  • Tax Year: 2023
  • Tax Annual Amount: 9112.09
  • Tax Map Number: 19
  • Tax Filled Sqft Total: 3216
  • Tax Rate: 1.80920000000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2024
Sold by
Austin Revitalization Authorit
Bought by
Ara Riverstone 8418 Llc
Current Estimated Value
$651,024

Purchase Details

Listed on
Feb 23, 2024
Closed on
Apr 10, 2024
Sold by
Src/Mt Properties Tx Llc
Bought by
Austin Revitalization Authorit
Seller's Agent
Jacob Rodriques Pereira
Front Page Realty
Buyer's Agent
Larry Simms
Larry Simms, Broker
List Price
$695,000
Sold Price
$674,440
Premium/Discount to List
-$20,560
-2.96%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.74%

Purchase Details

Closed on
Dec 16, 2020
Sold by
Conroy Sean R
Bought by
Src Mt Properties Tx Llc

Purchase Details

Listed on
May 6, 2020
Closed on
Aug 21, 2020
Sold by
Monteith Kevin D and Monteith Kathi
Bought by
Conroy Sean R
Seller's Agent
Jason Randall
Spyglass Realty
Buyer's Agent
Jacob Rodriques Pereira
Front Page Realty
List Price
$525,000
Sold Price
$470,000
Premium/Discount to List
-$55,000
-10.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$352,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 1997
Sold by
Scg Properties Inc
Bought by
Monteith Kevin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,700
Interest Rate
7.97%

Purchase Details

Closed on
Jan 19, 1996
Sold by
Guthrie Ellen Grace
Bought by
Scg Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,738
Interest Rate
7.14%
Mortgage Type
Seller Take Back
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
Special Warranty Deed -- None Listed On Document
Warranty Deed -- Capital Title
Special Warranty Deed -- None Available
Vendors Lien -- Atc
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $352,500 New Conventional
Previous Owner $459,055 New Conventional
Previous Owner $157,500 Unknown
Previous Owner $115,500 Unknown
Previous Owner $83,700 No Value Available
Previous Owner $35,738 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2024 04/11/24 Sold -- -- --
02/23/2024 02/23/24 For Sale $695,000 +32.4% $223 / Sq Ft
08/21/2020 08/21/20 Sold -- -- --
07/08/2020 07/08/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $525,000 -- $168 / 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 $9,112 $503,640 $75,000 $428,640
2022 $9,602 $486,197 $75,000 $411,197
2021 $8,883 $408,121 $25,000 $383,121
2020 $5,607 $261,400 $25,000 $236,400
2019 $6,152 $261,400 $25,000 $236,400
2018 $5,421 $244,831 $25,000 $219,831
2017 $3,822 $170,270 $25,000 $145,270
2016 $3,822 $171,394 $25,000 $146,394
2015 $3,152 $167,794 $25,000 $142,794
2014 $3,152 $132,466 $25,000 $107,466
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 2333779

Unlock MLS (Austin Board of REALTORS®)

APN: 499802