4304 Balcones DR
About This Property
Classic details nod to the historic character and charm of the home with rich wood beams, a cast stone fireplace, mahogany doors and windows, built-in bookshelves, wrought iron gates and railings, and the quintessential red tile roof paired perfectly with the white stucco facade.
The grand interior is an entertainer's dream complete with a chef's kitchen with marble counters, massive center island, Viking and Thermador appliances. The spacious living room is framed by an amazing arched fireplace, built-ins, and French doors that open to resort-style outdoor living. Upstairs you'll find a stunning primary suite and private home office.
The grounds of this sprawling estate feature a pool, spa, patio, outdoor kitchen, playscape, dog run, lush flower beds, palms, crepe myrtles, and mature live oaks.
4304 Balcnoes Drive invites you to enjoy the perfect combination of privacy and proximity to the best of Austin. Just ten minutes to Downtown or The Domain, three minutes to Mount Bonnell, and moments from some of the best new restaurants in town including Flo's Wine Bar and Yamas Greek Kitchen. Zoned for highly rated Highland Park Elementary.
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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 |
|---|---|---|---|
| Oct 19, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Price Decreased |
$2,699,000
↓ $51K
(1.9%) | |
| Price Decreased | |||
| Sep 12, 2024 | Listed by Compass RE Texas, LLC | $2,750,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jul 29, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jul 19, 2024 | Price Decreased |
$2,895,000
↓ $55K
(1.9%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017