2300 Rundell PL
About This Property
Originally built in 1950, this home retains the original lines and low profile exterior and features signature AD Stenger clerestory windows and stone fireplace. In 2009, MJ Neal remodeled the entire home with a modern twist. The project featured an open gourmet kitchen with soapstone counters and Viking appliances, custom maple cabinetry and paneling to compliment the pine floors, walls of glass opening to a central atrium, updated baths including a primary glass shower overlooking a private side atrium and a massive central skylight that floods the interior with natural light.
In 2016, the award winning "transformer room" was created to connect the interior to the exterior via architectural walls featuring a modern drawbridge and custom glass corner that hinges open to the neighborhood.
Don't miss the opportunity to own a piece of Austin's architectural history with this meticulously updated mid-century masterpiece.
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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%.
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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 |
|---|---|---|---|
| Mar 13, 2024 | In contract | - | |
| In contract | |||
| Feb 16, 2024 | Listed by The Marye Company | $1,850,000 | |
| Listed by The Marye Company | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017