tomo logo

$749,900

Beds
2
Baths
2.5
sq ft
1,540

1626 Palma Plz Unit 2, Austin, TX 78703

1626 Palma Plz Unit 2

Austin, TX 78703

  • 68 days on market
    • Price drop $25,000↓
Welcome to 1626 Palma Plaza located in the highly coveted Clarksville neighborhood - the heart of Austin, Texas! This chic European townhouse has been meticulously redesigned to bolster luxurious city living! The main floor features a thoughtful and gorgeous living room that has been tastefully updated. With exquisite finishes and lighting features throughout the home, you can feel how warm and inviting the home is when you step inside. The top floor features a bonus 207 sqft vaulted loft space! You can use it as a private office or bonus room! Timeless Juliet balcony overlooking the designated 2-car garage. The primary bathroom has been updated and features beautiful tile throughout. The second bedroom is spacious and has its own full bathroom as well. Exterior oasis complete with enclosed deck space boasting a water feature and string lights for serenity in the city! The property is move-in ready and well-equipped for any owner, featuring a private elevator at the home's entryway. Ideally located, this home is just minutes from Downtown Austin, Pease Park, Lady Bird Lake, and within walking distance to local favorites like Josephine House, Jeffrey’s, Cipollina, Fresh Plus Grocery, and various shops. Zoned to Matthews Elementary, this versatile home is ready for its next owner!

Details

Property type

Condominium

Est. home value

$686,390

Lot size

1,698.84 sq ft

Price per sq ft

$487

Year built

1983

Annual property taxes

$11,495

Monthly HOA fee

$502.85

Price History

11/15/2024
Austin

Austin #6631804

Price change
$749,900
-3.23%
10/23/2024
Austin

Austin #6631804

Price change
$774,900
-1.9%
10/03/2024
Austin

Austin #6631804

Price change
$789,900
-0.64%

Schools & Community

Neighborhood: 

Old West Austin

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Curbs

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

$214,123
Asking price
$749,900
Closing costs (~8% of asking)
-$59,992
Est. remaining loan balance
-$475,785
Cash to seller
$214,123

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

June 2021

Original loan amount

$513,000

Est. remaining balance

$475,785

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Christopher Hurst and Richard Soto

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: 11/19/2024 at 9:20 PM

Listing updated: 11/14/2024 at 6:02 PM

Listed by: Taylor Drolette, Douglas Elliman Real Estate Phone #: (512) 866-3795

MLS: Austin #6631804

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