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$493,000

Beds
2
Baths
2.0
sq ft
924

1208 Cedar Ave, Austin, TX 78702

1208 Cedar Ave

Austin, TX 78702

  • 23 days on market
    • Price drop $4,000↓
Calling all investors. Welcome home to this charming 2bed/2bath home in vibrant East Austin. Convenient location for commuting to Downtown, UT Campus, Dell Medical Center, etc. Spacious landscaped yard. The patio is perfect for morning coffee or evening drinks. When you decide to venture out, there's no shortage of trendy shops and amazing bars/restaurants just steps away. Highly acclaimed Nixta Tacos is 2 doors down. New Roof and HVAC (2024) Current tenant under lease until 6/1/25 Appointment only. Please do not disturb tenant.

Details

Property type

Single Family Residence

Est. home value

$527,061

Lot size

6,046.13 sq ft

Price per sq ft

$534

Year built

1930

Annual property taxes

$9,633

Price History

06/18/2024
Austin

Austin #7807500

Price change
$493,000
-0.8%
06/12/2024
Austin

Austin #7807500

Listed
$497,000
05/09/2024
Austin

Austin #7130755

Removed

Schools & Community

Neighborhood: 

Chestnut

Elementary school: 

Campbell

Middle school: 

Kealing

High school: 

McCallum

Community features: 

None

High school district: 

Austin ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$371,777
Asking price
$493,000
Closing costs (~8% of asking)
-$39,440
Est. remaining loan balance
-$81,783
Cash to seller
$371,777

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

December 2017

Original loan amount

$94,000

Est. remaining balance

$81,783

Interest rate

3.9%

Loan type

Not Provided, 30 year

Seller

Tamara Lynn Plemmons and John Leslie Plemmons

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/06/2024 at 4:20 AM

Listing updated: 06/18/2024 at 10:23 AM

Listed by: John Plemmons, Zen Properties Phone #: (512) 809-8683

MLS: Austin #7807500

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