7208 Towering Oaks DR
About This Property
This is your chance to own a magical home previously owned by a career mall Santa! This organic-modern masterpiece is a must-see for anyone interested in one of the convenient zip code in South Austin. This 1975 home has been carefully remodeled and includes brand new: roof, range/oven, microwave, refrigerator, hood vent, hot water heater, kitchen, bathrooms, ceiling fans, light fixtures, faucets, luxury vinyl flooring, tile flooring in wet areas, front door, pocket doors, and landscaping.
Enjoy an open kitchen/living concept with quartz countertops, stainless steel appliances, gas stove, recessed lighting, and built-in appliances. The bathrooms feature slate tile, quartz countertops, and marble tile shower walls. The back yard is an oasis with a covered concrete patio with wood decking tile over it, ceiling fan, and views of the wooded creek behind the home. No having to share a back fence!
The HVAC was replaced in 2022, the plumbing was recently changed from cast iron to PVC and inspected to ensure proper functioning and no leaks by Roto Rooter in April, and the electrical was changed from aluminum to copper.
This neighborhood is very convenient to MoPac and i-35, only 15 mins to Downtown, and has multitudes of shopping and dining nearby. This subdivision is going through a transformation as homes keep getting purchased and remodeled to please today's buyers. All the remodeled homes in the neighborhood are under contract now, so this is sure to go quick - better add it to your list to Santa!
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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 5, 2024 | In contract | - | |
| In contract | |||
| Jun 26, 2024 | Price Decreased |
$625,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Jun 19, 2024 | Price Decreased |
$645,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Jun 6, 2024 | Price Decreased |
$649,999
↓ $24K
(3.6%) | |
| Price Decreased | |||
| Jun 4, 2024 | Price Decreased |
$674,000
↓ $900
(0.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017