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$695,930Estimated home value

Beds
2
Baths
2.0
sq ft
1,120

2205 E 18th St Unit 2, Austin, TX 78702

2205 E 18th St Unit 2

Austin, TX 78702

  • Off market
    • Price drop $25,000↓
Experience the epitome of modern urban living in this meticulously crafted 2-bed, 2-bath gem nestled in vibrant East Austin. Built in 2020 and located in the highly coveted 78702 area, this property boasts modern designer bathrooms alongside a functional and beautiful kitchen equipped with high-end appliances and stylish finishes. Prepare culinary delights with ease while enjoying the sleek design and ample counter space. Beyond the kitchen, discover a rooftop deck off the primary bedroom, offering stellar views of downtown Austin. Indulge in moments of relaxation on the screened-in patio overlooking a thoughtfully designed low-maintenance backyard, featuring eco-friendly xeriscaping and lush turf. This home's space is well-utilized with a compact but mighty floor plan, offering both functionality and style. With a 1-car garage plus an additional parking space, convenience is at your fingertips. This property has served as both a primary residence and a highly successful short-term rental, boasting an impressive 95% occupancy rate, making it an excellent investment opportunity. Enjoy easy access to downtown Austin and an array of East Austin hot spots, including Bennu Coffee, El Tigre Coffee, Bird Bird Biscuit, Dai Due, Este, Salty Sow, Patrizi’s, and more. Plus, the MLK Metrorail Station is just minutes away, providing seamless transportation options. Don't miss your chance to own a piece of the dynamic East Austin lifestyle with a layout that maximizes space and functionality for your everyday needs.

Details

Property type

Single Family Residence

Est. home value

$695,930

Lot size

2,970.79 sq ft

Price per sq ft

$581

Year built

2020

Annual property taxes

$10,399

Monthly HOA fee

$35

Price History

08/16/2024
Austin

Austin #8515865

Removed
07/12/2024
Austin

Austin #8515865

Pending
$650,000
07/08/2024
Austin

Austin #8515865

Price change
$650,000
-3.7%

Schools & Community

Neighborhood: 

Chestnut

Elementary school: 

Campbell

Middle school: 

Kealing

High school: 

McCallum

Community features: 

None

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

$182,124
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$415,876
Cash to seller
$182,124

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

Seller’s Loan History

Lender

Guaranteed Rate Affinity Llc

Loan start date

December 2020

Original loan amount

$455,000

Est. remaining balance

$415,876

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Kevin Burke and Kelly Maluccio

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?

Status: Off Market

Tomo last checked: 10/05/2024 at 7:45 PM

Listing updated: 07/12/2024 at 9:28 AM

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

MLS: Austin #8515865

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