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$1,450,000

Beds
3
Baths
2.5
sq ft
3,393

1408 Olive St, Georgetown, TX 78626

1408 Olive St

Georgetown, TX 78626

  • 89 days on market
Discover the timeless charm of this historic treasure nestled in the heart of downtown Georgetown. This beautifully preserved residence captures the elegance of a bygone era while seamlessly incorporating modern updates for today's lifestyle. The home underwent a significant renovation in 2015, expertly blending its historical character with contemporary conveniences. A new roof, installed in 2022, reflects the meticulous care this home has received over the years. Situated on a generous corner lot, the property offers a private backyard oasis, featuring a pool and spa for ultimate relaxation. The covered patio is perfect for entertaining or unwinding, and the playhouse adds a delightful touch. The detached garage not only accommodates vehicles but also includes a workshop and a garage apartment with its own kitchen, providing versatile living options. Georgetown's charming, tree-lined streets and historic homes are well-known, and this property's proximity to Southwestern University, just three blocks away, enhances its appeal. Located only 30 minutes from Austin and 45 minutes from Austin Airport, this home combines historic elegance with modern convenience. Don't miss your chance to own a piece of Georgetown's rich heritage and make this timeless residence your own. Owner may consider financing

Details

Property type

Single Family Residence

Est. home value

$1,422,699

Lot size

0.422 acres

Price per sq ft

$428

Year built

1909

Annual property taxes

$26,355

HOA

No

Price History

08/24/2024
Austin

Austin #5641876

Listed
$1,450,000
07/02/2024
Austin

Austin #2385655

Removed
05/14/2024
Austin

Austin #2385655

Price change
$1,450,000
-3.27%

Schools & Community

Elementary school: 

Annie Purl

Middle school: 

James Tippit

High school: 

East View

Community features: 

None

High school district: 

Georgetown 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

$424,061
Asking price
$1,450,000
Closing costs (~8% of asking)
-$116,000
Est. remaining loan balance
-$909,939
Cash to seller
$424,061

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

Seller’s Loan History

Lender

Champions Mortgage Llc

Loan start date

December 2021

Original loan amount

$969,380

Est. remaining balance

$909,939

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Lyle Joseph Theriot

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?

Similar Homes Nearby

Price drop
Austin
$1,299,000
4 bd
|
4.5 ba
|
3,600 sq ft
|
House

645 Wolf Ridge Rd, Georgetown, TX 78628

Status: Active

Tomo last checked: 11/22/2024 at 9:45 AM

Listing updated: 09/14/2024 at 10:28 AM

Listed by: Brooke LeMond, Keller Williams Realty Phone #: (512) 448-4111

MLS: Austin #5641876

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