217 Racetrack DR
About This Property
*Ask me 2-1 Buydown Offer * Saves the buyer $700/month in the first year and $350/month the 2nd year.* Ask about 1% lender credit and seller paid closing costs! Beautifully updated and move-in-ready two-story home in South Austin's desirable Stablewood at Slaughter Creek community. This well-established neighborhood offers tree-lined streets with sidewalks and a cozy suburban feel with several cul-de-sac streets, and a charming amenity center. Fantastic curb appeal with striking stone masonry, updated roof, mature landscaping, soaring shade trees, and two-car garage. Step inside to discover a grand entry foyer with soaring ceilings and a modern chandelier. This expansive 2,799 sq ft home provides 4 bedrooms, 3 full baths, formal dining, and a bonus second floor living area. Featuring a luminous open floor plan for the living room, kitchen, and sunny breakfast area with tall ceilings, recessed lighting, engineered hardwoods, a fireplace with updated and stylish modern finishes. Awesome in law floor plan with a secluded main floor guest bedroom and full guest bath. The oversized 2nd floor primary suite is well separated from the secondary bedrooms and comes with a large ensuite bath and a walk-in closet. There's also a charming loft space in front of one of the bedrooms that is perfect for a play/study area. Stylish updates in both the secondary and guest baths. Enjoy a sizable fenced-in backyard with an expansive lawn and an al fresco patio. Residents enjoy access to the community pool & splash pad, a shaded playground, Friday night food trucks, a 4th of July parade, and holiday events. There is also a serene greenbelt trail with access just a block from your front door. Google Fiber is available! A short 5 min drive to all your retail needs at Southpark Meadows. Easy access to I-35 and just 11 miles to the heart of Downtown Austin and 13 miles to the airport.
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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 |
|---|---|---|---|
| Jul 9, 2024 | In contract | - | |
| In contract | |||
| Jun 7, 2024 | Relisted | $524,900 | |
| Relisted | |||
| Jun 3, 2024 | In contract | - | |
| In contract | |||
| Jun 2, 2024 | Price Decreased |
$540,000
↓ $20K
(3.6%) | |
| Price Decreased | |||
| May 9, 2024 | Price Decreased |
$560,000
↓ $15K
(2.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017