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4601 Candletree LN
About This Property
Perfectly positioned just moments from I-35, this residence offers unparalleled access to Austin's most coveted experiences. Indulge in the artisanal brews of St. Elmo Brewing Co. or while away sun-drenched afternoons at Meanwhile Brewery, both mere moments away. The vibrant pulse of Downtown and the eclectic energy of East Austin are within a swift fifteen-minute journey. For your everyday needs and delightful diversions, Southpark Meadows awaits just ten minutes from your doorstep. And when the world calls, Austin-Bergstrom International Airport is a breezy twelve-minute jaunt.
This property qualifies for an affordable lending program with our preferred lender that offers rates up to 1% lower than standard conventional loan rates. The program also provides $1500 towards closing costs! Buyers must meet certain requirements such as primary residence occupancy and conventional loan eligibility. Contact me to learn more. If your buyer does not qualify for the affordable lending program, our preferred lender is also offering to cover the cost of a Temporary 1/0 buydown which means the buyer will have a payment with a 1% interest rate reduction for the 1st year. This could be of value up to $6,000 in savings for your buyers (calculated based on buyers specific loan amount)
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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 |
|---|---|---|---|
| Jul 29, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jun 22, 2025 | Price Decreased |
$358,900
↓ $16K
(4.3%) | |
| Price Decreased | |||
| Jun 17, 2025 | Relisted | $375,000 | |
| Relisted | |||
| Jun 16, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Listed by Douglas Elliman Real Estate | $375,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017