$3,195,000
●
House -
Off Market
1601 Preston Ave
Austin, TX 78703
4 Beds
5 Baths,
1
Half Bath
3,547 Ft²
$19,251
Est. Monthly
0.16%
Cap Rate
About This Property
Welcome to this perfectly beautiful home in the highly sought-after
Pemberton Heights neighborhood. A lovely front porch invites you
into this stunning home, with a stylish formal living/study area
leading to the seamless open kitchen, dining, and living area,
showcasing the elegance of 16 ft. Presidio Doors effortlessly lead
to a sprawling covered screened-in back patio with a cozy
fireplace, inviting year-round gatherings. The main level unveils a
lavish primary suite, offering a serene retreat complemented by
sophisticated design elements, including a vanity and privacy.
Upstairs find a large second living area, plus two generously sized
en suite bedrooms, in addition, there is a flex room upstairs to be
utilized as a private study/gym space, or even another bedroom. The
inclusion of a garage suite adds versatility and value to this
remarkable property, offering flexible living arrangements or guest
accommodations. Crafted with precision and adorned with upscale
finishes, this home epitomizes modern elegance and functionality.
Enjoy the convenience of a prestigious locale near parks, and the
vibrant amenities of Austin.
Unit Size
3,547 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$901
Property Type
House
Property Taxes
$3,562
HOA Dues
-
Year Built
2019
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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 #ACT1742383)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 12, 2024 | In contract | - | |
| In contract | |||
| Feb 8, 2024 | Listed by Compass RE Texas, LLC | $3,195,000 | |
| Listed by Compass RE Texas, LLC | |||
| Nov 19, 2018 | No longer available | - | |
| No longer available | |||
| Oct 3, 2018 | Listed | $1,950,000 | |
| Listed | |||
| | |||
|
The manager has listed the unit size as 3547 square feet.
| |||
Property Highlights
Garage
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
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Sold On
HOA + Taxes
About Central West Austin
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Listed by: Brooke Mozersky
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-05-16 18:18:31
Data Source: Unlock MLS, MLS# ACT1742383
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: 2024-05-16 18:18:31
Data Source: Unlock MLS, MLS# ACT1742383
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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