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$550,000

Beds
3
Baths
2.0
sq ft
2,954

1530 Buchanan Dr, Burnet, TX 78611

1530 Buchanan Dr

Burnet, TX 78611

  • 84 days on market
    • Price drop $445,000↓
Set in the beautiful city of Burnet, this property spans a generous 3.65 acres (approx) adorned with majestic trees that offer abundant shade and tranquility. The main residence is thoughtfully designed, featuring two spacious primary bedrooms, each equipped with its ownbathroom and private living rooms. These rooms share a well-appointed kitchen, a large laundry room, and a dedicated office space, creating a harmonious blend of privacy and shared living. An enclosed porch with a built-in grill provides the perfect setting for entertaining guests, allowing you to enjoy outdoor gatherings year-round. Additionally, the property includes a separate, turn-keyready 1,100 sq. ft. home at the back. This secondary residence offers a cozy one-bedroom, one-bathroom layout, perfect for guests, extended family, or potential rental income. With its inviting ambiance and versatile living arrangements, this property is a rare find in the heart of Burnet. Please note that the guest house size is approximate, and the buyer needs to verify.

Details

Property type

Single Family Residence

Est. home value

$624,741

Lot size

3.62 acres

Price per sq ft

$187

Year built

1976

Annual property taxes

$7,816.28

Price History

08/12/2024
Austin

Austin #6564791

Price change
$550,000
-44.72%
06/27/2024
Austin

Austin #6564791

Listed
$995,000

Schools & Community

Elementary school: 

Burnet

Middle school: 

Burnet (Burnet ISD)

High school: 

Burnet

Community features: 

None

High school district: 

Burnet 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

Financial Freedom Senior Funding Corp

Loan start date

May 2007

Original loan amount

$300,240

Est. remaining balance

Not provided

Interest rate

6.22%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage)

Seller

Ken Hopkins and Sharon Hopkins

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: 09/19/2024 at 6:10 PM

Listing updated: 08/14/2024 at 10:43 AM

Listed by: Katie Simon, eXp Realty, LLC Phone #: (888) 519-7431

MLS: Austin #6564791

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