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$893,960Estimated home value

Beds
3
Baths
2.5
sq ft
2,121

1208 Crenwelge Dr, Fredericksburg, TX 78624

1208 Crenwelge Dr

Fredericksburg, TX 78624

  • Off market
    • Price drop $24,000↓
Welcome to your next investment opportunity in the heart of Fredericksburg! This stunning single-story property is currently being used as an AirBnb and everything in this home will convey with the sale, including the hot tub & firepit in the backyard oasis (personal items excluded), making it the perfect turnkey opportunity for savvy investors. BRAND NEW HVAC SYSTEM JUST INSTALLED FROM CONDENSER IN! This is in an area that no longer allows STRs, HOWEVER this property is grandfathered in and the permit was just renewed! Inside, you'll find an spacious kitchen which opens to the living room, a cozy fireplace in the dining room, comfortable bedrooms, double vanities in the primary suite, a separate walk in shower, ample built in cabinets for storage, generous laundry room with sink and counterspace, gorgeous arched entryways, and more! With 2,121 square feet of living space, this property offers plenty of room for guests to spread out and feel at home. After a day of exploring the town, relax & soak up in the hot tub or enjoy a night with some s'mores and drinks by the firepit. Located within walking distance to all major attractions in town and just minutes away from the heart of Main street, this property is a prime location for visitors looking to experience the best of Fredericksburg. With 3 bedrooms and 2.5 bathrooms, this property offers comfortable accommodations for groups of up to 12 people. Don't miss out on this fantastic investment opportunity in one of Texas' most sought-after destinations. Financial statements are available upon request. Contact us today to schedule a showing!

Details

Property type

Single Family Residence

Est. home value

$893,960

Lot size

0.61 acres

Price per sq ft

$319

Year built

1974

Annual property taxes

$9,858.52

Price History

10/02/2024
Austin

Austin #6246201

Removed
07/22/2024
Austin

Austin #6246201

Price change
$675,000
-3.43%
02/01/2024
Austin

Austin #6246201

Listed
$699,000

Schools & Community

Elementary school: 

Fredericksburg Primary

Middle school: 

Fredericksburg

High school: 

Fredericksburg (Fredericksburg ISD)

Community features: 

None

High school district: 

Fredericksburg 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

$117,031
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$503,969
Cash to seller
$117,031

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

April 2021

Original loan amount

$545,220

Est. remaining balance

$503,969

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Travis Burnette

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?

Status: Off Market

Tomo last checked: 11/08/2024 at 9:30 AM

Listing updated: 07/31/2024 at 11:13 AM

Listed by: Cody Wickham, Keller Williams Realty Phone #: (512) 346-3550

MLS: Austin #6246201

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