tomo logo

$3,650,000

Beds
6
Baths
5.5
sq ft
5,043

1631 Palma Plz, Austin, TX 78703

1631 Palma Plz

Austin, TX 78703

  • 95 days on market
    • Price drop $140,000↓
Welcome to your urban sanctuary tucked away in Austin's vibrant Clarksville neighborhood! This exceptional property blends contemporary flair with eclectic charm, offering a unique haven for those seeking an edgy yet inviting entertainment space in the heart of the city. Step into sophistication with this 6 bedroom, 5 and a half-bathroom haven, where every detail is crafted to inspire comfort and style. High ceilings throughout the expansive floor plan enhance the sense of space and light, creating an airy ambiance that welcomes you home. Entertaining is effortless in the multiple kitchens, outfitted with ample storage, catering to culinary enthusiasts and hosts alike. Whether you're hosting a dinner party or enjoying casual gatherings by the poolside, the possibilities for epicurean delights are endless. Relax and unwind in your outdoor sanctuary, complete with a sparkling pool and inviting porch, perfect for basking in the sunshine or outdoor dining amidst the lush surroundings. The guest house offers additional privacy for visitors or can serve as a tranquil retreat for extended stays. Artistic flair infuses every corner of this home, creating an inspiring atmosphere that fosters creativity and imagination. From the sleek, contemporary design to the carefully curated accents, this residence is a true testament to urban living at its finest. With both short-term and long-term rental opportunities available, this property offers flexibility and potential for lucrative investment. Conveniently situated near the heart of the city, this residence provides easy access to Austin's vibrant cultural scene, dining options, and bustling nightlife. With its spacious layout and open concept design, this home is perfectly suited for hosting events and gatherings of all kinds. Experience the epitome of urban luxury and sophistication in this stunning residence, where modern elegance meets endless possibilities. Don't miss your chance to make this extraordinary property your own

Details

Property type

Single Family Residence

Est. home value

$3,215,780

Lot size

0.267 acres

Price per sq ft

$724

Year built

2016

Annual property taxes

$41,298

Price History

07/01/2024
Austin

Austin #6879710

Price change
$3,650,000
-3.69%
05/18/2024
Austin

Austin #6879710

Price change
$3,790,000
-10.82%
04/03/2024
Austin

Austin #6879710

Listed
$4,250,000

Schools & Community

Neighborhood: 

Old West Austin

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Sidewalks, Street Lights

High school district: 

Austin 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

Citizens Bank Na

Loan start date

April 2018

Original loan amount

$1,640,000

Est. remaining balance

Not provided

Interest rate

5.25%

Loan type

Adjustable Rate Mortgage, 25 year

Seller

David Hancock and Laura Hancock

Lender

Citizens Bank Na

Loan start date

September 2012

Original loan amount

$540,000

Est. remaining balance

Not provided

Interest rate

3.59%

Loan type

Future Advance Clause / Open End Mortgage, 1 year

Seller

David Hancock

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: 07/07/2024 at 6:00 PM

Listing updated: 07/01/2024 at 8:59 AM

Listed by: Kumara Wilcoxon, Kuper Sotheby's Int'l Realty Phone #: (512) 831-6577

MLS: Austin #6879710

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