$549,000
●
House -
Off Market
2212 Palo Pinto DR
Austin, TX 78723
3 Beds
2 Baths
1,001 Ft²
$3,517
Est. Monthly
5.56%
Cap Rate
About This Property
Open House Sunday 1/5, 11 AM to 1 PM. All buyers welcome!
Beautifully renovated mid-century modern house steps away from Mueller parks!
Modern finishes inside include terrazzo tile and quartz countertops. Low-maintenance xeriscaping and native plants in front, with a crushed rock patio and spacious blank slate yard in back. Backs up to large heavily wooded lot for a very private feel. Spacious carport with laundry/utility closet.
Fully permitted renovations in 2024 include new HVAC, new roof, new windows and doors, repaired foundation, updated plumbing and electrical, all new flooring, and new attic insulation. Full set of new stainless steel appliances conveys with the house! Foundation repair has transferrable lifetime warranty.
Located on the south side of the Mueller development, with excellent biking and walking infrastructure along Manor Rd and immediate access to Mueller park and trail system across the street. Dharma yoga, Batch Kolaches, and Red Bud Ice House are all just steps away.
Buyer to verify all listing info. Agent/Owner
Beautifully renovated mid-century modern house steps away from Mueller parks!
Modern finishes inside include terrazzo tile and quartz countertops. Low-maintenance xeriscaping and native plants in front, with a crushed rock patio and spacious blank slate yard in back. Backs up to large heavily wooded lot for a very private feel. Spacious carport with laundry/utility closet.
Fully permitted renovations in 2024 include new HVAC, new roof, new windows and doors, repaired foundation, updated plumbing and electrical, all new flooring, and new attic insulation. Full set of new stainless steel appliances conveys with the house! Foundation repair has transferrable lifetime warranty.
Located on the south side of the Mueller development, with excellent biking and walking infrastructure along Manor Rd and immediate access to Mueller park and trail system across the street. Dharma yoga, Batch Kolaches, and Red Bud Ice House are all just steps away.
Buyer to verify all listing info. Agent/Owner
Unit Size
1,001 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$548
Property Type
House
Property Taxes
$821
HOA Dues
-
Year Built
1966
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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: 2 years ago (Unlock MLS #ACT3864947)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2025 | In contract | - | |
| In contract | |||
| Jan 3, 2025 | Price Decreased |
$549,000
↓ $26K
(4.5%) | |
| Price Decreased | |||
| Nov 21, 2024 | Listed by Open House Austin Group LLC | $575,000 | |
| Listed by Open House Austin Group LLC | |||
| Jul 20, 2024 | In contract | - | |
| In contract | |||
| Jul 13, 2024 | Relisted | $350,000 | |
| Relisted | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About East MLK
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Listed by: Jake Bren
Listed Office: Open House Austin Group LLC - Listing courtesy of Unlock MLS
Phone: (512) 222-9050
Last Updated: 2025-02-26 04:22:36
Data Source: Unlock MLS, MLS# ACT3864947
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Open House Austin Group LLC - Listing courtesy of Unlock MLS
Phone: (512) 222-9050
Last Updated: 2025-02-26 04:22:36
Data Source: Unlock MLS, MLS# ACT3864947
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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