tomo logo

$4,200,000

Beds
7
Baths
7.0
sq ft
5,022

1304 Rio Grande St, Austin, TX 78701

1304 Rio Grande St

Austin, TX 78701

  • 110 days on market
    • Price drop $100,000↓
This beautifully transformed downtown mansion offers a unique blend of historic charm and modern sophistication. Currently used as a luxury lodge, it features large suites and rooms adorned with unique artwork by local artists. Booking options are available for individual rooms, entire floors, or the whole building, making it ideal for weddings, reunions, UT games, and other gatherings. The property includes a full third floor and a back addition that are unfinished, providing an opportunity to expand the usable square footage. A private parking lot with six spots is also available. Whether you're looking to continue its use as a bed and breakfast, establish a flagship office, create a trendy retail space, or develop an innovative co-working environment, this property offers the perfect blend of location, style, and functionality. Step inside to discover high ceilings, expansive windows, rich hardwood floors, a gourmet kitchen with top-of-the-line stainless steel appliances, and sleek quartz countertops. The large picture windows flood the interior with natural light, creating an inviting atmosphere. The flexible floor plan allows for a variety of business needs, with ample room for customization. Situated just minutes from downtown Austin and the bustling University of Texas campus, this prime location ensures high foot traffic, excellent visibility, and easy access to major highways and public transportation. Your business will thrive in this vibrant and growing community. Contact us today to explore this exceptional real estate opportunity.

Details

Property type

Single Family Residence

Lot size

8,833.97 sq ft

Price per sq ft

$837

Year built

1916

Annual property taxes

$31,712.21

HOA

No

Price History

10/01/2024
Austin

Austin #4193440

Price change
$4,200,000
-2.33%
08/26/2024
Austin

Austin #4193440

Price change
$4,300,000
-3.37%
07/31/2024
Austin

Austin #4193440

Listed
$4,450,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

None

High school district: 

Austin ISD

Seller’s Loan History

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

Lender

Legacy Bank

Loan start date

July 2022

Original loan amount

$355,717

Est. remaining balance

Not provided

Interest rate

3.98%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Austin Spirits Llc and Ying Mcguire

Lender

Legacy Bank

Loan start date

November 2018

Original loan amount

$1,517,910

Est. remaining balance

Not provided

Interest rate

3.97%

Loan type

Commercial

Seller

Austin Spirits Llc

Lender

Legacy Bank

Loan start date

August 2014

Original loan amount

$1,078,507

Est. remaining balance

Not provided

Interest rate

4.2%

Loan type

Not Provided

Seller

Austin Spirits Llc

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: 11/19/2024 at 11:25 AM

Listing updated: 10/01/2024 at 11:07 AM

Listed by: Bob Hachtel, Record Realty Phone #: (512) 789-1965

MLS: Austin #4193440

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