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8840 Colberg DR
About This Property
The entrance flows into a sophisticated formal dining room featuring a custom built-in wine rack. Adjacent sits a bright office space with soaring ceilings and abundant natural light. Rich hardwood floors extend throughout the main living areas on the first level, adding warmth and sophistication. Beyond the dining area, an open-concept living room connects seamlessly to both kitchen and breakfast nook. The spacious living area includes a cozy fireplace and picture windows showcasing the serene backyard and greenbelt beyond.
At the heart of the home, the kitchen boasts an oversized island with convenient breakfast bar, extensive counter space, and abundant cabinetry. The breakfast nook provides an ideal spot for casual dining while enjoying the surrounding views.
Upstairs, a generous family room anchors the second level where all bedrooms reside. The primary suite is a true sanctuary featuring a private balcony overlooking the lush greenbelt with stunning downtown Austin views. The calming ensuite bathroom includes a luxurious soaking tub, walk-in shower, double vanity, and spacious walk-in closet.
Outdoor living shines with an extended back deck-partially covered with an open section-maximizing entertaining options while the remaining yard space offers potential for additional amenities.
Nestled in Circle, this exceptional property delivers the tranquility of a secluded retreat while maintaining convenient proximity to urban conveniences. Experience the perfect balance of peaceful living with city access in this remarkable Austin home.
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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 |
|---|---|---|---|
| May 3, 2025 | In contract | - | |
| In contract | |||
| Apr 26, 2025 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| Apr 18, 2025 | Listed by Ashley Austin Homes | $749,900 | |
| Listed by Ashley Austin Homes | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017