8508 Emerald Hill DR
About This Property
Spanning 2446 square feet, this home is a perfect blend of classic charm and modern upgrades. Step into the renovated kitchen, a chef's delight featuring high-end stainless steel appliances, sleek granite countertops, and an open layout that seamlessly flows into the family room. This space is perfect for both entertaining and everyday living.
The primary bathroom has been tastefully remodeled, providing a luxurious retreat with contemporary finishes and fixtures. The home also boasts a versatile formal dining room, which can easily be transformed into a study, and a formal living room perfect for hosting guests or relaxing with family.
Built in 1971, this home retains its original charm with a stunning brick fireplace in the living room, complemented by beautiful oak-beamed ceilings that add warmth and character to the space.
Beyond the home's interior, the location offers a wealth of amenities. Residents can enjoy access to a membership-required pool and park area within walking distance, perfect for leisure and recreation. AISD Schools as of 8/7/2024 are Hill Elementary, Murchison Junior High & Anderson High School.
Don't miss the opportunity to own this exceptional home in one of Austin's most desirable neighborhoods. Whether you're seeking a peaceful retreat or a vibrant community, 8508 Emerald Hill Drive offers the best of both worlds.
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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 |
|---|---|---|---|
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Aug 7, 2024 | Listed by Douglas Elliman Real Estate | $925,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017