3401 Riva Ridge RD
About This Property
Ranchcommunity in Westlake. This Louisiana-style Hays Town-influenced home exudes timeless appeal with its brick
facade,cedar roof, functioning window shutters, copper gutters and an expansive screened-in porch. Situated on a
spaciousand shaded .5-acre lot, the property feeds into the highly acclaimed Eanes ISD and features three living
spaces, twodining areas, three bedrooms, and three full bathrooms plus a powder room. The meticulously maintained
homeboasts numerous updates, including the aforementioned cedar shake roof and copper gutters, as well as new
Kolbewindows and doors installed in 2017. Inside, the attention to detail continues with features such as eight-foot
solid-core interior doors with Emtek hardware, smooth Level 5 finishes on all walls and ceilings, and 2 ¼" oak
flooringthroughout. The residence also offers modern amenities, including Viking appliances in the kitchen, Kohler
hardware inthe bathrooms, and crown molding in every single room. Serene Treetop Views. Adding to its allure, the
propertyincludes a recently reinforced (2022) +/- 700 square foot screened-in porch with copper screens, providing an
idealspace to enjoy the treetop views and surrounding beauty of Davenport Ranch. With its thoughtful updates and
primelocation within the Eanes ISD, 3201 Riva Ridge Road combines traditional charm with contemporary comfort,
making ita sought-after home in the heart of Austin. 2,912 sqft per Floorplan Graphics. 24-Hour Advance Showing
Notice. Owner/Agent. MORE at RivaRidgeRoad.com
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 3, 2024 | In contract | - | |
| In contract | |||
| May 1, 2024 | Price Decreased |
$1,799,000
↓ $26K
(1.4%) | |
| Price Decreased | |||
| Apr 29, 2024 | Price Decreased |
$1,825,000
↓ $24K
(1.3%) | |
| Price Decreased | |||
| Apr 22, 2024 | Price Decreased |
$1,849,000
↓ $26K
(1.4%) | |
| Price Decreased | |||
| Apr 19, 2024 | Price Decreased |
$1,875,000
↓ $24K
(1.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017