tomo logo

$699,000

Beds
2
Baths
1.5
sq ft
1,598

2500 E Martin Luther King Jr Blvd Unit A, Austin, TX 78702

2500 E Martin Luther King Jr Blvd Unit A

Austin, TX 78702

  • 8 days on market
Contact us to understand how choosing seller financing will save you $20,000 in downpayment and over $5000 yearly. Charming Modern Home with Prime Location Near Downtown Austin. Welcome to 2500 East Martin Luther King Blvd, a home just 2.2 miles from downtown Austin, 2.7 miles from vibrant Rainey Street, and under 10 miles to the Tesla Gigafactory. This oversized gem boasts abundant natural light and thoughtful design, offering comfort and convenience. The lower floor features an open-concept layout, a spacious living room, and a stylish kitchen. Concrete floors and oversized windows flood the space with light, creating a warm and inviting atmosphere. Upstairs, a versatile flex area can serve as a second living room or office, offering flexibility for your lifestyle. The owner’s suite includes tall, deep shelving for ample storage, while the second bedroom provides views of MLK Blvd. A conveniently located laundry nook adds practicality to the upstairs layout. The outdoor spaces include a small front yard that wraps around the side of the house, ideal for entertaining or relaxing. A single-car covered garage is complemented by additional off-street parking outside the front fence. With quick access to I-35 and within walking distance to excellent dining and drinks, this home combines modern living with an unbeatable location.

Details

Property type

Condominium

Est. home value

$697,574

Lot size

6,534 sq ft

Price per sq ft

$438

Year built

2017

Annual property taxes

$13,822

HOA

No

Price History

01/14/2025
Austin

Austin #4440876

Listed
$699,000

Schools & Community

Neighborhood: 

Upper Boggy Creek

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

$338,334
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$304,746
Cash to seller
$338,334

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

Seller’s Loan History

Lender

Gardner Financial Services Ltd

Loan start date

December 2019

Original loan amount

$339,000

Est. remaining balance

$304,746

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Shruthi Venugopal and Sujoy Ganguly

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: 01/22/2025 at 11:00 PM

Listing updated: 01/22/2025 at 8:29 AM

Listed by: Todd Hower, Todd Hower Realty LLC Phone #: (512) 636-3970

MLS: Austin #4440876

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