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$1,995,000

Beds
4
Baths
3.0
sq ft
2,768

1801 Palma Plz, Austin, TX 78703

1801 Palma Plz

Austin, TX 78703

  • 37 days on market
    • Price drop $104,000↓
Classic 1935 brick cottage the heart of Old Austin. Recall graceful bygone days in this charming home in Clarksville, a historic residential neighborhood minutes from downtown. Strolling distance from sprawling Pease Park, you might enjoy biking the leafy trails next to Shoal Creek, perhaps ending up at the iconic Tavern for lunch or coffee at Josephine’s. Just south is west Sixth Street, lined with unique restaurants, upscale galleries and local boutiques. The center of downtown is also within walking distance; enjoy the trail at Lady Bird Lake, shopping at Whole Foods and an array of award-winning food choices. At the end of your adventures you will return to your peaceful street knowing you are enjoying the best the city has to offer. Updated with care to retain its classic character, the home maintains its original arched entry door, hardwood floors and fireplace in the living room and built-in corner display cases in the front bedroom. The bright central kitchen bridges the living and family rooms and features granite countertops, new stainless appliances, a sleek vent hood and walk-in pantry. The family room overlooks the green back yard and opens to a large screened porch where you can while away afternoons enjoying the breeze. Two bedrooms complete the main floor; one features a large corner desk and bookcases, making it perfect for working from home or a hobby space. The charming primary suite at the top of the stairs features two sets of windows tucked into the eaves; you’ll have plenty of storage space in the oversized closet. The sunny, marble-floored bath offers both a marble-clad shower and soaking tub, plus two vanities. Overlooking the back yard, a fourth bedroom also has a walk-in closet. Offering flexible space for family, guests or work, the converted carriage house offers a living space and kitchenette, loft bedroom, full bath and laundry. Even more storage space is available in the third structure on-site.

Details

Property type

Single Family Residence

Est. home value

$1,584,912

Property condition

Updated/Remodeled

Lot size

9,034.34 sq ft

Price per sq ft

$721

Year built

1935

Annual property taxes

$19,715

Price History

06/19/2024
Austin

Austin #7179059

Price change
$1,995,000
-4.95%
05/31/2024
Austin

Austin #7179059

Listed
$2,099,000
05/14/2024
Austin

Austin #5276018

Removed

Schools & Community

Neighborhood: 

Old West Austin

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Sidewalks

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

$1,455,382
Asking price
$1,995,000
Closing costs (~8% of asking)
-$159,600
Est. remaining loan balance
-$380,018
Cash to seller
$1,455,382

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

Seller’s Loan History

Lender

University Fcu

Loan start date

June 2010

Original loan amount

$641,250

Est. remaining balance

$380,018

Interest rate

5%

Loan type

New Conventional, 25 year

Seller

Thomas Albert Nieman Ii and Yen Dang Nieman

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 6:25 PM

Listing updated: 06/23/2024 at 3:20 PM

Listed by: Greg Walling, Moreland Properties Phone #: (512) 480-0848

MLS: Austin #7179059

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