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$1,200,000

Beds
4
Baths
3.5
sq ft
3,305

16308 Lake Loop, Austin, TX 78734

16308 Lake Loop

Austin, TX 78734

  • 520 days on market
    • Price drop $50,000↓
Enjoy home on the closest point to downtown Austin with access to Lake Travis . Features hardwood floors, granite counters, stainless appliances, custom cabinets, central vac, wet bar, pool, hill country and lake views. Main house 2br 2.5 bath with master, kitchen, living, sun room on 2nd level to take advantage of views. First level includes bedroom, full bath, laundry, game room and attached 2 car garage,. Separate structure with additional two car garage including 2nd level 600 sq. ft. guest house (2 bedroom, 1 bath, 1 living, kitchen) STRs are allowed.

Details

Property type

Single Family Residence

Est. home value

$1,196,316

Lot size

0.413 acres

Price per sq ft

$364

Year built

2005

Annual property taxes

$10,944

Monthly HOA fee

$8.33

Price History

06/12/2023
Austin

Austin #6883350

Listed
$1,200,000

Schools & Community

Elementary school: 

Lake Travis

Middle school: 

Hudson Bend

High school: 

Lake Travis

Community features: 

None

High school district: 

Lake Travis 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

$60,224
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$1,043,776
Cash to seller
$60,224

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

July 2021

Original loan amount

$1,124,875

Est. remaining balance

$1,043,776

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

Michael Fedyna

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: 11/13/2024 at 10:00 PM

Listing updated: 11/02/2024 at 8:05 AM

Listed by: Tanner Fyfe, Keller Williams Realty The Woodlands Phone #: (281) 364-1588

MLS: Austin #6883350

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