$697,000
●
House -
Off Market
5406 Downs DR #1
Austin, TX 78721
4 Beds
4 Baths,
1
Half Bath
2,210 Ft²
$3,423
Est. Monthly
About This Property
Nestled in East Austin, central to many hidden gem hot spots in
Austin, this 4-bedroom, 3.5-bath home offers charm and efficiency.
The home showcases an open-concept design with abundant windows,
flooding the home with natural light. The kitchen is the heart of
the home, with a large island equipped to prep your favorite meals.
Retreat to the primary suite with a tree-house feel, complete with
a free-standing shower, double vanity sink, and walk-in closet.
Additional amenities include an expansive third story (second)
living area and bedroom suite and smart home technology throughout,
complete with a builder's warranty. Just a stone's throw from a
picnic at Springdale Neighborhood Park, Kinda Tropical, Sahara
Lounge, Palomino Coffee, BLK Vinyl, Eastside Paddle Club, metgal
art + advisory, and all of the cool spots at Springdale General.
With easy access to downtown Austin, the University of Texas, and
Highway 183, this home offers the epitome of modern Austin
living!!!
Unit Size
2,210 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$315
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022
Payment Calculator
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Unlock MLS #ACT8575258)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2024 | In contract | - | |
| In contract | |||
| Jun 7, 2024 | Price Decreased |
$697,000
↓ $7K
(1%) | |
| Price Decreased | |||
| May 25, 2024 | Price Decreased |
$704,000
↓ $7K
(1%) | |
| Price Decreased | |||
| May 9, 2024 | Price Decreased |
$711,000
↓ $7K
(1%) | |
| Price Decreased | |||
| Apr 19, 2024 | Price Decreased |
$718,000
↓ $7K
(1%) | |
| Price Decreased | |||
Show More
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Covered Spaces: 1
Total Number of Parking: 1
Parking Features: Attached, Door-Single, Garage, Garage Faces Front
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Ceiling Fan(s), Double Vanity, Electric Dryer Hookup, Kitchen Island, Open Floorplan, Recessed Lighting, Smart Home, Smart Thermostat, Walk-In Closet(s), Washer Hookup
Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Microwave, Free-Standing Gas Oven, Gas Oven, Free-Standing Range, Free-Standing Gas Range, RNGHD, Vented Exhaust Fan, Tankless Water Heater
Flooring Type: Tile, Wood
Cooling: Central Air
Heating: Central
Living Area: 2210
Exterior Details
Property Type: Residential
Property Sub Type: Single Family Residence
Green Energy Efficient
Property Condition: New Construction, Excellent
Year Built: 2023
Year Built Source: Builder
Unit Style: 1st Floor Entry
View Desription: None
Fencing: Privacy, Wood
Levels: Three Or More
Construction Materials: HardiPlank Type
Foundation: Slab
Roof: Composition
Exterior Features: Private Yard
Pool Features: None
Lot Features: Back Yard, Front Yard, Sprinkler - In Rear, Sprinkler - In Front, Sprinkler - Rain Sensor
Lot Size Acres: 0.07
Lot Size Square Feet: 3049.2
Water Source: Public
Financial Details
Tax Year: 2022
Utilities Details
Water Source: Public
Sewer : Public Sewer
Utilities For Property: Cable Available, Electricity Available, Natural Gas Available, Water Available
Location Details
Directions: IH 35, East on MLK, Rt @ Heflin, Rt @ Webberville, Lft @ Downs
Community Features: None
Other Details
Association Fee Includes: See Remarks
Association Fee Freq: Monthly
Association Name: 5406 Downs Condominiums
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/10/2026
|
2 Bed
|
1 Bath
|
1021 ft²
|
$440,000
2 Bed
1 Bath
1021 ft²
|
$440,000
03/10/2026
|
Wendy Papasan
Keller Williams - Austin SW
| |
|
01/09/2024
|
4 Bed
|
4 Bath
|
2210 ft²
|
$740,000
4 Bed
4 Bath
2210 ft²
|
$697,000
-5.81%
01/09/2024
|
Ben Caballero
HomesUSA.com
| |
|
12/16/2023
|
2 Bed
|
2 Bath
|
1021 ft²
|
$494,000
2 Bed
2 Bath
1021 ft²
|
$450,000
-8.91%
12/16/2023
|
Ben Caballero
HomesUSA.com
|
Building Info
About East MLK
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Listed by: Ben Caballero
Listed Office: HomesUSA.com - Listing courtesy of Unlock MLS
Phone: (888) 872-6006
Last Updated: 2024-06-27 18:51:59
Data Source: Unlock MLS, MLS# ACT8575258
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: HomesUSA.com - Listing courtesy of Unlock MLS
Phone: (888) 872-6006
Last Updated: 2024-06-27 18:51:59
Data Source: Unlock MLS, MLS# ACT8575258
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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