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1627 Chippeway LN
About This Property
This might just be the cutest house in all of South Austin! Every corner, every finish, every choice feels just right, like it was hand-picked for someone who appreciates thoughtful design and cozy, livable spaces. From the moment you arrive on this wonderful little street, where your neighbors are friends, the curb appeal grabs you with its charming courtyard-perfect for a morning coffee or a quiet evening glass of wine. Step through the front door and into a home that just flows. Real hardwood floors (no carpet anywhere!) run throughout, adding warmth and continuity to the bright, open floorplan. The living area is anchored by a fireplace and opens directly to the dining space and kitchen-ideal for easy entertaining or just a chill night in. In the kitchen, everything has been updated and elevated-quartz countertops, floating shelves, a stainless gas range, and a dishwasher. The pull-down window shades give a clean, modern finish, and the updated lighting and ceiling fans keep the vibe airy and fresh. Tucked in its own corner of the house, the primary suite feels peaceful and private. The attached bathroom has a glass walk-in shower and fresh finishes that make mornings feel a little more spa-like. The 2 guest bedrooms are on the other side of the home, right next to a fully updated bath-just the right setup for guests or a home office. Outside, the living spaces continue. A large back deck offers plenty of room to entertain, lounge, or grill, and the xeriscaped backyard has space for pets or gardening. The laundry room, two-car garage, and thoughtful storage throughout round out a layout that just works. And let's talk updates: fresh interior paint and a new roof + gutters in March 2025. Located in a sweet little pocket of South Austin with quick access to grocery stores, restaurants, entertainment, and major roadways, it's a total gem.
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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 4, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Relisted | $435,000 | |
| Relisted | |||
| Apr 16, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Listed by Compass RE Texas, LLC | $435,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017