$695,000
●
House -
Off Market
5905 Cherry Creek DR
Austin, TX 78745
4 Beds
2 Baths
1,536 Ft²
$3,967
Est. Monthly
4.22%
Cap Rate
About This Property
Thoughtfully renovated single story home located in highly coveted
Cherry Creek. With over 1/4 of an acre, there's ample space for
comfortable living and entertaining. Upon entering, you'll be
greeted by a beautifully updated interior that seamlessly connects
the living, dining, and kitchen area, providing an ideal setting
for your everyday life and entertaining.
Recent updates include new oak engineered hardwood flooring throughout, metal roof (2020), HVAC (2022), hot water heater (2022), windows, and refreshed garage doors ensure both durability and aesthetic appeal. Stunning backyard features a limestone patio with a cement retention wall, beautifully landscaped gardens, and a built-in fire pit. This serene setting is perfect for cozy evenings, outdoor gatherings, and dining Al Fresco. Just 15 minutes from Downtown Austin, the area is very convenient to schools and restaurants. Don't miss the opportunity to make this gem your home sweet home!
Recent updates include new oak engineered hardwood flooring throughout, metal roof (2020), HVAC (2022), hot water heater (2022), windows, and refreshed garage doors ensure both durability and aesthetic appeal. Stunning backyard features a limestone patio with a cement retention wall, beautifully landscaped gardens, and a built-in fire pit. This serene setting is perfect for cozy evenings, outdoor gatherings, and dining Al Fresco. Just 15 minutes from Downtown Austin, the area is very convenient to schools and restaurants. Don't miss the opportunity to make this gem your home sweet home!
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$452
Property Type
House
Property Taxes
$554
HOA Dues
-
Year Built
1971
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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 #ACT1752064)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 7, 2024 | In contract | - | |
| In contract | |||
| May 3, 2024 | Listed by KW-Austin Portfolio Real Estate | $695,000 | |
| Listed by KW-Austin Portfolio Real Estate | |||
| Aug 6, 2019 | No longer available | - | |
| No longer available | |||
| Jun 21, 2019 | Listed by Keller Williams - Austin SW | $325,000 | |
| Listed by Keller Williams - Austin SW | |||
| | |||
|
If you are creative & looking for some sweat equity or to remodel your dream home, This is the ONE! Located in the Heart of 78745 which some say is the new 78704! Close to Garrison Park, Sunset Valley Nature & South Hills Conservation Areas ,Stephenson Nature Preserve/Education Center. Minutes to Downtown, Close to shopping, Central Market, Movies, Public transportation and Easy access to Mopac, 290/71, 360, & I-35. LARGE corner lot almost 11,000 sq ft per TCAD. It is good to have options in this market! The manager has listed the unit size as 1536 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Garrison Park
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Listed by: Zane Collins
Listed Office: KW-Austin Portfolio Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 901-9600
Last Updated: 2024-06-14 18:13:26
Data Source: Unlock MLS, MLS# ACT1752064
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: KW-Austin Portfolio Real Estate - Listing courtesy of Unlock MLS
Phone: (512) 901-9600
Last Updated: 2024-06-14 18:13:26
Data Source: Unlock MLS, MLS# ACT1752064
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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