$749,000
●
Condo -
Off Market
2308 Thornton RD #A
Austin, TX 78704
2 Beds
3 Baths,
1
Half Bath
1,754 Ft²
$5,040
Est. Monthly
$396
HOA / Fees
1.63%
Cap Rate
About This Property
Seeking the true quintessential Austin living experience? Discover
2308 Thornton Road, a stellar Austin haven nestled just a
stone's throw from downtown. Walk or bike to iconic music venues,
superb eateries, scenic trails, Zilker Park, Zach Theater, and Lady
Bird Lake. This updated condo boasts a THREE car garage, 20-foot
ceilings, sleek contemporary design, and recent upgrades including
new porcelain wood plank tile flooring in stairwell and entire
second floor, tiled kitchen backsplash, fireplace surround, lower
level HVAC system, and a new roof in 2022. Unwind in the primary
retreat with a private balcony, cozy fireplace, or indulge in the
remodeled master bath featuring a steam shower and aroma therapy
jacuzzi tub. Enjoy added perks like appliances, hot tub, gas grill,
smart TVs, media room with projector, couches, and surround sound
speakers-all in the heart of 78704! (Please note flooring on
virtually staged photos has more of a grey hue than as pictured)
Unit Size
1,754 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$427
Property Type
Condo
Property Taxes
$966
HOA Dues
$396
Year Built
-
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Cap Rate Calculator
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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 #ACT2498773)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 19, 2024 | In contract | - | |
| In contract | |||
| May 17, 2024 | Listed by Keller Williams Realty | $749,000 | |
| Listed by Keller Williams Realty | |||
| May 1, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Mar 28, 2024 | Listed by Joseph Walter Realty, LLC | $799,000 | |
| Listed by Joseph Walter Realty, LLC | |||
| | |||
|
Condo in Austin, TX
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Covered Spaces: 3
Total Number of Parking: 6
Parking Features: Additional Parking, Attached, Garage, Garage Door Opener
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Bar, Breakfast Bar, Ceiling Fan(s), Beamed Ceilings, High Ceilings, Chandelier, Crown Molding, Double Vanity, Gas Dryer Hookup, Entrance Foyer, High Speed Internet, Interior Steps, Open Floorplan, Pantry, Recessed Lighting, Sauna, Smart Thermostat, Soaking Tub, Walk-In Closet(s), Wet Bar, Wired for Sound
Appliances: Built-In Gas Range, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Gas Oven, Free-Standing Range, Self Cleaning Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Washer/Dryer
Flooring Type: Concrete, Tile
Cooling: Central Air, Electric, Zoned
Heating: Central, Natural Gas
Living Area: 1754
Fireplace Features: Bedroom
Fireplaces: 2
Exterior Details
Property Type: Residential
Property Sub Type: Condominium
Green Energy Efficient
Property Condition: Resale, Good
Year Built: 2005
Year Built Source: Public Records
Unit Style: 1st Floor Entry
View Desription: Garden
Fencing: Fenced, Full, Gate, Wrought Iron
Spa Features: Bath, Hot Tub
Levels: Two
Construction Materials: Stone, Stucco
Foundation: Slab
Roof: Shingle
Exterior Features: Balcony, Garden, Gutters Full, Lighting, Outdoor Grill, Permeable Paving, Private Entrance, Private Yard
Pool Features: None
Lot Features: Back Yard, Cul-De-Sac, Front Yard, Private, Sprinkler - Automatic, Sprinkler - In Rear, Sprinkler - In Front, Trees-Medium (20 Ft - 40 Ft), Trees-Moderate
Lot Size Acres: 0.1221
Lot Size Square Feet: 5318.68
Water Source: Public
Financial Details
Tax Year: 2023
Tax Annual Amount: $11,596
Utilities Details
Water Source: Public
Sewer : Public Sewer
Utilities For Property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, High Speed Internet, Other, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available
Location Details
Directions: Take the Cesar Chavez St exit
Continue onto W Cesar Chavez St
Turn left onto B.R. Reynolds Dr-S Lamar Blvd
Continue to follow B.R. Reynolds Dr
Turn right onto N Lamar Blvd
Pass by Trek Bicycle Lamar
Turn left onto W Oltorf St
Turn right onto Thornton Rd
Destination will be on the right
Community Features: Cluster Mailbox, Common Grounds, Street Lights
Other Details
Association Fee Includes: Common Area Maintenance, Insurance
Association Fee: $396
Association Fee Freq: Monthly
Association Name: Thornton City Homes
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/28/2024
|
2 Bed
|
3 Bath
|
1754 ft²
|
$799,000
2 Bed
3 Bath
1754 ft²
|
-
-
|
Edward McClintick
Joseph Walter Realty, LLC
|
Building Info
About South Lamar
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Listed by: Laura Szalay
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 448-4111
Last Updated: 2024-07-02 18:20:43
Data Source: Unlock MLS, MLS# ACT2498773
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 448-4111
Last Updated: 2024-07-02 18:20:43
Data Source: Unlock MLS, MLS# ACT2498773
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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