$1,600,000
●
House -
Off Market
2506 Hillview RD
Austin, TX 78703
3 Beds
2 Baths
1,883 Ft²
$9,300
Est. Monthly
1.99%
Cap Rate
About This Property
Nestled in the desirable Tarrytown neighborhood, this 3-bedroom,
2-bathroom home with an attached 2-car garage is situated on a
coveted .24-acre corner lot on a shaded tree-lined street. Built in
1952, the home still boasts the gorgeous original hardwood floors,
while the kitchen has been updated with stainless steel appliances,
granite countertops and a breakfast bar. The kitchen is open to the
living room with a charming brick fireplace and a light-filled
dining area-the perfect gathering space. The property is dotted
with mature trees surrounding the perimeter for enhanced privacy.
With incredible value in the lot, future owners may start an
extensive remodel or build new for a beautiful custom home. Enjoy
ample outdoor space with a wrap-around front yard, elevated deck
and a green area for cool gatherings around the fire pit. This
property is conveniently situated just over 2 miles from downtown
Austin and offers close proximity to Casis Elementary, Casis
Village and easy access to Mopac. Tax and assessed values are
estimates for illustration purposes only. All figures should be
independently verified.
Unit Size
1,883 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$850
Property Type
House
Property Taxes
$1,443
HOA Dues
-
Year Built
1952
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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 #ACT9952570)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 20, 2024 | In contract | - | |
| In contract | |||
| Apr 9, 2024 | Price Decreased |
$1,600,000
↓ $150K
(8.6%) | |
| Price Decreased | |||
| Feb 28, 2024 | Listed by Moreland Properties | $1,750,000 | |
| Listed by Moreland Properties | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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HOA + Taxes
About Central West Austin
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Listed by: Andrew Ware
Listed Office: Moreland Properties - Listing courtesy of Unlock MLS
Phone: (512) 480-0848
Last Updated: 2024-07-19 19:09:18
Data Source: Unlock MLS, MLS# ACT9952570
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Moreland Properties - Listing courtesy of Unlock MLS
Phone: (512) 480-0848
Last Updated: 2024-07-19 19:09:18
Data Source: Unlock MLS, MLS# ACT9952570
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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