6821 Wolfcreek PASS #5
About This Property
Welcome to Alder, where luxury living meets serene landscapes. Nestled atop a tree-lined hill in Southwest Austin, this property offers the perfect blend of urban convenience and natural tranquility. Just minutes away from Bee Cave, Dripping Springs, and Southwest Parkway, Alder provides easy access to both city amenities and the scenic beauty of the Texas Hill Country. As you approach Alder, you'll be greeted by its striking exterior design, featuring warm wood tones, expansive picture windows, modern-cut limestone, and classic smooth stucco. Step inside to discover a thoughtfully designed interior with features that cater to modern living: Expansive covered terraces on the living level invite you to relax and soak in the breathtaking views. The open kitchen/living floor plan with dedicated dining areas provides the perfect space for entertaining guests or enjoying family meals. Large modern windows flood the interiors with natural light, creating an inviting and airy atmosphere. The modern KitchenAid appliances in stainless steel add both style and functionality to the well-appointed kitchen. Indulge in luxury with 5-fixture primary baths featuring floating tubs in select homes, offering a spa-like retreat right at home. Generous walk-in closets with finish-out upgrade options ensure ample storage space for all your belongings. For those in need of a dedicated workspace, convenient study nooks and loft spaces are available in select homes, providing the perfect environment for productivity and creativity. Whether you're seeking a peaceful retreat or a vibrant urban lifestyle, Alder offers the best of both worlds. Don't miss your chance to experience the unparalleled luxury and convenience of Alder living. Schedule a viewing today and make Alder your new home sweet 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 |
|---|---|---|---|
| Sep 1, 2024 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Relisted | $550,000 | |
| Relisted | |||
| Aug 1, 2024 | In contract | - | |
| In contract | |||
| Jun 7, 2024 | Price Decreased |
$579,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
| Apr 17, 2024 | Listed by Compass RE Texas, LLC | $599,000 | |
| Listed by Compass RE Texas, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/01/2024
|
3 Bed
|
3 Bath
|
1868 ft²
|
$589,000
3 Bed
3 Bath
1868 ft²
|
$599,000
+1.70%
08/01/2024
|
Zach Sanchez
Compass RE Texas, LLC
| |
|
06/07/2024
|
3 Bed
|
3 Bath
|
1868 ft²
|
$679,000
3 Bed
3 Bath
1868 ft²
|
$525,000
-22.68%
06/07/2024
|
Zach Sanchez
Compass RE Texas, LLC
| |
|
04/17/2024
|
3 Bed
|
4 Bath
|
1740 ft²
|
$599,000
3 Bed
4 Bath
1740 ft²
|
$550,000
-8.18%
04/17/2024
|
Zachary Sanchez
Realty Austin
| |
|
02/24/2024
|
3 Bed
|
3 Bath
|
1740 ft²
|
$639,000
3 Bed
3 Bath
1740 ft²
|
$550,000
-13.93%
02/24/2024
|
Zach Sanchez
Compass RE Texas, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017