$775,000
●
House -
Off Market
2302 Gaines Mill CV
Austin, TX 78745
4 Beds
3 Baths
2,383 Ft²
$4,552
Est. Monthly
3.40%
Cap Rate
About This Property
Stunning fully renovated modern home in a cul-de-sac ~ Fantastic
floor plan features 2-living areas, 2 fireplaces w/ main living
area vaulted ceiling & designer wet bar for entertaining ~
Beautiful kitchen renovation showcases quartz countertops, custom
wood cabinetry, hex marble backsplash, floating shelves, stainless
steel appliances & custom pantry bay window nook ~ Wonderful
natural oak engineered wood floors throughout the home ~ Custom
design millworks on stairwell ~ Spacious Primary w/ private bath
ensuite and walk-in closet ~ New Roof, windows, water heater,
landscaping and fence ~ Close to Sprouts, Loop 1/Mopac, Arbor
Trails Shopping Center, HEB
Unit Size
2,383 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$325
Property Type
House
Property Taxes
$747
HOA Dues
-
Year Built
1979
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Cap Rate
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: 3 years ago (Unlock MLS #ACT4836108)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 19, 2024 | In contract | - | |
| In contract | |||
| Feb 16, 2024 | Listed by Compass RE Texas, LLC | $775,000 | |
| Listed by Compass RE Texas, LLC | |||
| Nov 12, 2023 | No longer available | - | |
| No longer available | |||
| Oct 10, 2023 | Listed by Keller Williams Realty International | $399,000 | |
| Listed by Keller Williams Realty International | |||
| | |||
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Lovely two-story home located in the center of South Austin! This house has all the outward charm one could want and is tucked away in a cul-de-sac. This house is being sold "as is" and is looking to be remodeled by the new owner. Exceptional lot size, great location, and an awesome floor plan are just a few highlights! Bedrooms are located on the second floor, with dining, living, and entertaining areas all on the main floor. The second living room includes its own fireplace and wet bar with room for a pool table and media sitting. The home includes a spacious two-car garage with lots of storage space. Parks, restaurants, shopping, and entertainment are all nearby. Do not miss out on this South Austin gem! The manager has listed the unit size as 2383 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Austin
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Listed by: Brien Silver
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-03-19 18:03:47
Data Source: Unlock MLS, MLS# ACT4836108
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-03-19 18:03:47
Data Source: Unlock MLS, MLS# ACT4836108
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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