$610,000
●
House -
Off Market
305 Nelray BLVD
Austin, TX 78751
3 Beds
1 Bath
1,020 Ft²
$3,548
Est. Monthly
4.42%
Cap Rate
About This Property
Ask about Interest Rate Buydown with preferred lender! Experience
the perfect mix of vintage charm and urban convenience in this
1947-built home, nestled in the heart of Austin's coveted North
Loop neighborhood. Set on an expansive .19 acre lot, that features
a cowboy pool and separate studio. Yard is fully fenced and
beautifully landscaped with native Texas plants. Updates include
kitchen and bathroom remodel, windows, fresh paint throughout,
roof, and dishwasher. The lot can be developed further and
potentially divided into a condo regime for the creative
investor.
The location is unbeatable, with walking or biking access to iconic Austin favorites like Home Slice Pizza, Room Service Vintage, Foreign & Domestic, Breakaway Records and Epoch Coffee. The home's easy access to downtown and quick walk to UT shuttle add to it's appeal. This is the perfect home for those seeking comfort, charm and endless possibilities in one of Austin's most desirable neighborhoods.
See attached estimate for potential rental income on studio space.
The location is unbeatable, with walking or biking access to iconic Austin favorites like Home Slice Pizza, Room Service Vintage, Foreign & Domestic, Breakaway Records and Epoch Coffee. The home's easy access to downtown and quick walk to UT shuttle add to it's appeal. This is the perfect home for those seeking comfort, charm and endless possibilities in one of Austin's most desirable neighborhoods.
See attached estimate for potential rental income on studio space.
Unit Size
1,020 Ft²
Days on Market
-
Land Size
-
Price per sqft
$598
Property Type
House
Property Taxes
$552
HOA Dues
-
Year Built
1947
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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 #ACT2051829)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 6, 2024 | In contract | - | |
| In contract | |||
| Jul 30, 2024 | Price Decreased |
$610,000
↓ $4K
(0.7%) | |
| Price Decreased | |||
| Jul 19, 2024 | Price Decreased |
$614,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Jun 29, 2024 | Listed by Love Street Realty, LLC | $615,000 | |
| Listed by Love Street Realty, LLC | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About North Loop
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Listed by: Sherry LeBlanc
Listed Office: Love Street Realty, LLC - Listing courtesy of Unlock MLS
Phone: (512) 954-1122
Last Updated: 2024-09-18 06:07:14
Data Source: Unlock MLS, MLS# ACT2051829
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Love Street Realty, LLC - Listing courtesy of Unlock MLS
Phone: (512) 954-1122
Last Updated: 2024-09-18 06:07:14
Data Source: Unlock MLS, MLS# ACT2051829
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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