515 Blackberry DR
About This Property
Welcome to 515 Blackberry, a beautifully renovated home in the heart of South Austin that combines timeless charm with modern upgrades. This residence offers a unique living experience with its thoughtful design and open & spacious layout. As you enter, you'll be greeted by a warm natural light, thanks to the newly installed skylights that illuminate the space. The high ceilings in the living area create an airy and open atmosphere, perfect for both relaxation and entertaining by the fireplace. The home features an additional living space or loft upstairs, providing versatility for a home office, playroom, or tv room. The kitchen is equipped with elegant finishes including brand new cabinets, countertops, back splash, and stainless steel appliances, making it a delightful space for culinary adventures. The large first-floor primary bedroom is the perfect place for relaxation. Each bedroom is designed for comfort, with the owner suite offering a peaceful retreat complete with a luxurious spa like ensuite bathroom and ample closet space. Step outside to enjoy the peaceful backyard, ideal for outdoor activities and gatherings.
Situated in vibrant South Austin, 515 Blackberry offers a lifestyle rich in culture and convenience. Enjoy the eclectic mix of local shops, music venues, dining, and outdoor spaces that define this dynamic area. With easy access to the South 1st Corridor, the South Congress Corridor, major highways and downtown Austin, this home is perfectly positioned to enjoy all that the city has to offer. Discover the perfect blend of classic elegance and modern convenience in this exceptional South Austin home.
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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 |
|---|---|---|---|
| Mar 6, 2025 | Price Decreased |
$530,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Feb 27, 2025 | Relisted | $540,000 | |
| Relisted | |||
| Feb 25, 2025 | In contract | - | |
| In contract | |||
| Feb 13, 2025 | Price Decreased |
$540,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Jan 23, 2025 | Listed by Compass RE Texas, LLC | $550,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017