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$849,000

Beds
5
Baths
4.0
sq ft
2,835

220 Meadow Oaks Dr, Dripping Springs, TX 78620

220 Meadow Oaks Dr

Dripping Springs, TX 78620

  • 78 days on market
    • Price drop $50,000↓
Discover the perfect blend of hill country living and investment potential at this exceptional property in the heart of Dripping Springs. This property consists of a four bedroom three bath main house as well as a large detached structure housing a complete guest apartment and an epic game room. Currently being used as an income producing short term rental property, this place is being offered fully-furnished for a plug and play profitable airbnb investment. However, it would also work wonderfully for any one looking for a property that can accommodate multi-generational living, a home-based business, hobby enthusiasts, or those seeking a primary residence with a detached rental income generating space. The main house features 4 bedrooms and 3 full bathrooms, a dedicated dining room, a sunroom, and an attached two car garage. For added flexibility, the detached 28' x 42' secondary building offers endless possibilities. The expansive game room is perfect for entertainment, or this space could be used for hobbyists or those looking for extra storage for large toys such as cars, boats or RVs. Attached to the current game room is a 1 bedroom, 1 bathroom guest suite—complete with its own kitchen and laundry connections and a separate driveway— this area provides a private space for extended family, visitors or one could use it as an income generating rental. Outside, the large, level backyard is designed for relaxation and outdoor enjoyment. Take a dip in the plunge pool, gather around the fire pit, or enjoy an alfresco meal on the deck. There’s plenty of space for whatever your heart desires. This versatile property is located in the heart of the hill country in Dripping Springs. It is minutes away from cafes and restaurants in downtown dripping and also situated within easy access to popular breweries, distilleries, and wedding venues.

Details

Property type

Single Family Residence

Est. home value

$701,814

Property condition

Updated/Remodeled

Lot size

0.5 acres

Price per sq ft

$300

Year built

1995

Annual property taxes

$10,192.64

HOA

No

Price History

10/21/2024
Austin

Austin #8983643

Price change
$849,000
-5.56%
09/05/2024
Austin

Austin #8983643

Listed
$899,000

Schools & Community

Elementary school: 

Walnut Springs

Middle school: 

Dripping Springs Middle

High school: 

Dripping Springs

High school district: 

Dripping Springs 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

$284,860
Asking price
$849,000
Closing costs (~8% of asking)
-$67,920
Est. remaining loan balance
-$496,220
Cash to seller
$284,860

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

Seller’s Loan History

Lender

Nexera Holding Llc

Loan start date

December 2022

Original loan amount

$506,250

Est. remaining balance

$496,220

Interest rate

7.08%

Loan type

New Conventional, 30 year

Seller

Mason Marozas and Alyssa Hess

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: 11/22/2024 at 6:50 PM

Listing updated: 10/21/2024 at 2:56 PM

Listed by: Erika Albert, E-Rae Realty Phone #: (512) 779-7597

MLS: Austin #8983643

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