1211 Cometa ST #B
About This Property
LENDER-PAID INCENTIVE/GRANT
$17,500 for a grant eligible buyer. The max income for the buyer to receive the grant money is $183,450. ***SEE ATTACHED FLYER***
3 bedroom 2.5-bathroom East Austin Contemporary condo stunner. Incredible location, just minutes from Mueller, Downtown Austin, the Domain and UT. Just 7 miles to Tesla Gigafactory. Enjoy the eclectic and social lifestyle of the area with countless breweries, popular east Austin eateries and restaurants, shopping, farmers markets, parks unique bars and coffee shops. Nestled away on a quiet street perfectly showcasing a spacious & open floor plan, recessed lighting, contemporary paint tones, high ceilings, hardwood floors & tons of natural light throughout. The kitchen is set up perfectly for hosting or entertaining, as well as cooking with a large center island with a breakfast bar, stainless steel appliances, gas cooking, huge walk in pantry, high quality cabinets, an abundance of cabinets and storage and a dining area perfectly situated between the backyard and living area. Custom Blinds & Washer and Dryer convey as well. Retreat to the luxurious master suite featuring dual closets, double vanities & relaxing stand-alone shower. 2 additional bedrooms upstairs are wonderfully sized and have a guest bathroom to share between them. The extremely private 2-tiered backyard boasts tons of trees, a huge yard for kiddos or pets & a large, covered patio with a fan and plenty of shade to make it extremely enjoyable no matter the temperature & a perfect place to unwind. Both the front and backyard spaces offer a fine blend of grass and xeriscape to cut down on extra water usage and lawn maintenance.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2025 | In contract | - | |
| In contract | |||
| May 14, 2025 | Price Decreased |
$450,000
↓ $49K
(9.8%) | |
| Price Decreased | |||
| Apr 12, 2025 | Relisted | $499,000 | |
| Relisted | |||
| Mar 28, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Mar 20, 2025 | Price Decreased |
$510,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/05/2024
|
3 Bed
|
2 Bath
|
1686 ft²
|
$525,000
3 Bed
2 Bath
1686 ft²
|
$450,000
-14.29%
12/05/2024
|
Erin Rost
Compass RE Texas, LLC
| |
|
05/01/2024
|
3 Bed
|
3 Bath
|
1686 ft²
|
$599,000
3 Bed
3 Bath
1686 ft²
|
-
-
|
Erin Rost
Compass RE Texas, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017