1702 Kerr ST
About This Property
The chef's kitchen is a masterpiece of design and functionality, outfitted with cutting-edge appliances and bespoke wooden cabinetry, marrying beauty with practicality. Step outside to find a serene outdoor sanctuary, featuring a peaceful swimming pool, spa, an alfresco kitchen, and a barbecue area, all set up for ultimate relaxation and social gatherings.
The primary suite, located on the main level, serves as a luxurious haven, with its elevated ceilings, a bathroom reminiscent of a high-end spa, a generously sized walk-in closet, and direct access to the tranquil backyard. The second floor houses three additional bedrooms and two full bathrooms, alongside a flexible space complete with a wet bar, leading out to several balconies and a rooftop deck that offers awe-inspiring views of the Austin skyline.
Situated just a stone's throw from Zilker Park, Lady Bird Lake, and a myriad of dining, shopping, and entertainment venues, this home truly represents the zenith of urban luxury living.
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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 |
|---|---|---|---|
| Feb 12, 2024 | In contract | - | |
| In contract | |||
| Feb 8, 2024 | Listed by eXp Realty, LLC | $2,900,000 | |
| Listed by eXp Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017