tomo logo

$1,600,000

Beds
4
Baths
3.5
sq ft
2,813

1405 Parkinson Dr, Austin, TX 78704

1405 Parkinson Dr

Austin, TX 78704

  • 77 days on market
Appraised at 1.722 million! Property can be leased for $5895 / month. Functioning Elevator!! Seller Financing available with excellent rate and terms including Interest-only payments. This is the perfect home for a self-employed Buyer who may not qualify for traditional financing. 2 miles from the famous Bat Bridge and less than a mile to Rainey Street! Welcome to 1405 Parkinson Drive, a truly one-of-a-kind home that blends convenience, luxury, and modern design in perfect harmony. The location of this exceptional home offers the perfect balance of proximity to downtown Austin and the tranquility of a secluded setting. Discreetly tucked away in a private corner, very easy access to I-35 and downtown Austin. High end finishes, vaulted ceilings. Oversized Master suite with separate living room. The upper floor boasts additional bedrooms with breathtaking views that would typically command a much higher price in homes of this caliber. The wood floors throughout the home add a rustic twist that beautifully complements the modern finishes, creating a warm and inviting atmosphere. Natural light floods the home, a focal point in its extraordinary design, ensuring every room feels bright and welcoming. The kitchen, featuring a darker color palette, makes a bold statement with high-end appliances, custom-designed cabinetry with integrated lighting, and eye-catching hardware. The primary bathroom is a true retreat, highlighted by a unique copper tub that must be seen to be fully appreciated. On the lower level, you’ll find a spacious two-car garage with a large storage nook and a versatile bonus area that can be tailored to your needs, whether as a home office, gym, or additional living space. The home features a second-level balcony to enjoy serene views of treetops and downtown Austin, a daily reminder of the peacefulness and serenity that this home embodies. Don’t miss the opportunity to make this extraordinary residence your own!

Details

Property type

Single Family Residence

Est. home value

$1,874,461

Lot size

8,062.96 sq ft

Price per sq ft

$569

Year built

2018

Annual property taxes

$31,910.47

HOA

No

Price History

10/02/2024
Austin

Austin #4180825

Price change
$1,600,000
+3.23%
10/01/2024
Austin

Austin #4180825

Price change
$1,550,000
-3.13%
08/23/2024
Austin

Austin #4180825

Listed
$1,600,000

Schools & Community

Neighborhood: 

South River City

Elementary school: 

Travis Hts

Middle school: 

Lively

High school: 

Travis

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

$332,685
Asking price
$1,600,000
Closing costs (~8% of asking)
-$128,000
Est. remaining loan balance
-$1,139,315
Cash to seller
$332,685

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

Seller’s Loan History

Lender

Gardner Financial Services Ltd

Loan start date

March 2022

Original loan amount

$1,200,000

Est. remaining balance

$1,139,315

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Shruthi Venugopal and Sujoy Ganguly

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: 11/08/2024 at 7:55 PM

Listing updated: 10/10/2024 at 10:40 AM

Listed by: Derek Smith, Teifke Real Estate Phone #: (512) 870-8184

MLS: Austin #4180825

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