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$695,000

Beds
2
Baths
2.5
sq ft
1,781

162 River Front Dr, Cedar Creek, TX 78612

162 River Front Dr

Cedar Creek, TX 78612

  • 28 days on market
    • Price drop $40,000↓
Do you like rural living? Do you also want to be close to city amenities like downtown restaurants, Austin airport, and COTA (the F1 racetrack)? Is owning a waterfront home on your bucket list? Does a small, high-end home fit your needs? If so, this stunning, custom designed riverfront home might be the one for you.This single-level 2br/2.5ba was built in 2016 by the owner of a local construction firm. No expense was spared, from the foundation (1.5x depth required by local code) to the commercial-grade roof, to its top tier appliances.The home boasts a finished area of 1,781 square feet and an open floor plan with two ensuite bathrooms making it perfect for entertaining guests. It has an attached two-car garage with extra space for projects. Situated on a generous lot size of just under one acre, this property offers plenty of outdoor space for recreation and relaxation. The lot has several outbuildings including a greenhouse for the garden, storage sheds, and an empty container with electricity that the previous owner used as a workshop.The home is being offered fully furnished with high-end furniture (Mitchell Gold, custom builds, Etc). The total value of the furniture is estimated at more than $20,000. It is move-in ready!The neighborhood is currently in transition and the next owner stands to gain from it. The Boring Company (founded by Elon Musk) moved in less than 4 miles away and several nearby houses have been purchased by new owners and are likely to be upgraded soon. With limited waterfront acreage available, this home is a rare find. Don't miss out on what might be the last good deal on a riverfront home in the Austin area.

Details

Property type

Single Family Residence

Est. home value

$787,280

Lot size

0.797 acres

Price per sq ft

$391

Year built

2016

Annual property taxes

$11,976.56

HOA

No

Price History

11/07/2024
Austin

Austin #8847037

Price change
$695,000
-5.44%
10/10/2024
Austin

Austin #8847037

Listed
$735,000
09/01/2024
Austin

Austin #9398765

Removed

Schools & Community

Elementary school: 

Bluebonnet (Bastrop ISD)

Middle school: 

Cedar Creek

High school: 

Cedar Creek

Community features: 

None

High school district: 

Bastrop 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

$35,894
Asking price
$695,000
Closing costs (~8% of asking)
-$55,600
Est. remaining loan balance
-$603,506
Cash to seller
$35,894

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

October 2021

Original loan amount

$646,000

Est. remaining balance

$603,506

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

William T Love Iv

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 7:25 AM

Listing updated: 11/07/2024 at 10:17 AM

Listed by: David Montalvo, CapTex Realty Phone #: (512) 810-9685

MLS: Austin #8847037

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