3200 Overcup Oak DR
About This Property
This rare .25 acre property features a lush and private backyard set under a shaded tree canopy, including a custom-built outdoor spa and oversized patio for lounging and dining.
Inside you'll find 1,693 square feet of fully renovated living space. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting space for relaxation and entertainment. The spacious kitchen features quartz countertops, ample storage space and modern appliances.
The main floor primary bedroom is a tranquil retreat for convenient single-floor living. Enjoy two closets, a spacious ensuite bathroom and large walk-in shower. Upstairs, three additional bedrooms offer flexibility along with a shared bathroom, laundry room and generous closet space.
The backyard is awe-inspiring with a private park-like feel. 200-year-old oak trees and native landscaping provide a calming backdrop to an outdoor shower, cold plunge pool, and seven-seat hot tub, offering an unparalleled daily spa ritual right at home. Bistro lighting and an oversized patio create an ideal dining/entertainment space with an easy indoor/outdoor flow from the kitchen.
Other thoughtful upgrades include a whole house water filter, water softener, and reverse osmosis drinking water system. All attic spaces have been weatherize/spray foam insulated for energy efficiency, and a whole-house dehumidifier promises a comfortable and cool summer.
The property sits on a large lot at the end of a cul de sac backing up to a quiet neighborhood street. The unique location and lot size provide ample opportunity to add one or multiple ADUs with private driveway access via Lightsey Rd. Enjoy a quiet and tucked away friendly neighborhood setting yet just minutes to Loro, Radio, Cosmic, ABGB, Bouldin Acres, and several other quintessential Austin favorites.
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2024 | In contract | - | |
| In contract | |||
| Apr 18, 2024 | Listed by Compass RE Texas, LLC | $950,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jan 18, 2019 | No longer available | - | |
| No longer available | |||
| Nov 19, 2018 | Price Decreased |
$375,000
↓ $25K
(6.3%) | |
| Price Decreased | |||
| Oct 26, 2018 | Listed by Keller Williams - Austin SW | $400,000 | |
| Listed by Keller Williams - Austin SW | |||
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Investment opportunity for flip or hold*2 story home situated on large .23 acre cul-de-sac lot*Priced as tear down or total remodel/re-build*Home backs to Lightsey (near dead end) for additional access*Huge backyard w/mature trees & nice privacy*Large number of remodels/new builds in immediate area*Enjoy all that nearby South Lamar has to offer*Approx. 3 miles to Zilker Park*Open kitchen w/breakfast bar*Large master w/walk-in closet*Covered patio*HVAC replaced in 2015 The manager has listed the unit size as 1728 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017