$394,900
●
House -
Off Market
1025 Lott Ave
Austin, TX 78721
3 Beds
2 Baths
1,408 Ft²
$2,685
Est. Monthly
6.70%
Cap Rate
About This Property
Welcome to your East Austin oasis, just a stone's throw from
downtown! This charming 3 bed, 2 bath home boasts an inviting open
floor concept, offering limitless potential for customization to
suit your taste and lifestyle. Step inside to discover a blank
canvas awaiting your personal touch, with ample space for
creativity and design. Outside, delight in the tranquility of the
expansive backyard adorned with mature shade trees, providing the
perfect setting for outdoor gatherings, gardening, or simply
unwinding in nature's embrace. Picture-perfect moments await on the
sprawling front porch, spanning the entire facade of the home,
where you can soak in the vibrant energy of the neighborhood or
savor quiet mornings with a cup of coffee. Experience the best of
both worlds – the vibrant pulse of downtown Austin just a mere 9
minutes away, coupled with the serene retreat of your own private
haven. Don't miss your chance to make this gem yours and start
living the East Austin lifestyle you've been dreaming of. Schedule
your showing today!
Unit Size
1,408 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$280
Property Type
House
Property Taxes
$746
HOA Dues
-
Year Built
2006
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Unlock MLS #ACT2171333)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 5, 2024 | In contract | - | |
| In contract | |||
| Jul 30, 2024 | Price Decreased |
$394,900
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jul 16, 2024 | Relisted | $399,900 | |
| Relisted | |||
| Jul 6, 2024 | In contract | - | |
| In contract | |||
| Jul 1, 2024 | Relisted | $425,000 | |
| Relisted | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About East MLK
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Listed by: Tanya Alvarez
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-09-19 06:08:35
Data Source: Unlock MLS, MLS# ACT2171333
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-09-19 06:08:35
Data Source: Unlock MLS, MLS# ACT2171333
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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