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$385,000

Beds
2
Baths
1.0
sq ft
720

1403 Marcus Pl Unit B, Austin, TX 78721

1403 Marcus Pl Unit B

Austin, TX 78721

  • 74 days on market
    • Price drop $10,000↓
*Special program available due to the location of the home, eligible for $0 down and no PMI. Reach out for more info!* Wonderful opportunity in 78721, modern 2 bed/1 bath gem with huge fenced-in front and back yards! This cute condo was fully renovated in 2021 with modern finishes and boasts tons of natural light, an efficient lay-out, parking for up to 3 cars in the driveway plus an oversized yard with a sizable deck, storage shed, fire pit & mature trees to boot! Allows for short term rentals and HOA fee is only for the cost of insurance. Located on a cul-de-sac just 10 minutes from downtown, the airport & UT with easy access to all the hot spots on the East Side (Palomino Coffee, Sahara Lounge, Springdale General & Mueller). Pride in ownership shows, must see this special home!

Details

Property type

Condominium

Est. home value

$308,705

Lot size

5,096.52 sq ft

Price per sq ft

$535

Year built

1965

Annual property taxes

$5,457.58

Monthly HOA fee

$41.26

Price History

08/29/2024
Austin

Austin #4390615

Price change
$385,000
-2.53%
07/31/2024
Austin

Austin #4390615

Price change
$395,000
-3.66%
07/10/2024
Austin

Austin #4390615

Listed
$410,000

Schools & Community

Neighborhood: 

MLK

Elementary school: 

Sims

Middle school: 

Martin

High school: 

Northeast Early College

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

$110,760
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$243,440
Cash to seller
$110,760

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

Seller’s Loan History

Lender

Cmg Mortgage Inc

Loan start date

June 2021

Original loan amount

$300,000

Est. remaining balance

$243,440

Interest rate

2.29%

Loan type

Not Provided, 15 year

Seller

Kurt Lockhart and Francesca Gail Reece

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: 09/23/2024 at 4:15 AM

Listing updated: 08/29/2024 at 10:06 AM

Listed by: Adam Zell, Compass RE Texas, LLC Phone #: (512) 575-3644

MLS: Austin #4390615

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