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$2,499,950

Beds
1
Baths
1.0
sq ft
1,352

2501 Inwood Pl, Austin, TX 78703

2501 Inwood Pl

Austin, TX 78703

  • 110 days on market
Embrace the charm of a mid-century gem with the original character on an expansive .40-acre corner lot. Located just minutes from downtown, this property offers a fantastic opportunity to collaborate with your architect and reimagine this unique and secluded space. Alternatively, start anew and bring your dream home to life in the heart of central Austin! Presenting this beautifully wooded yet highly buildable lot, ready for action with a demolition permit already secured. The location is stellar, a mere 1.5 miles to Downtown, allowing you to build a single-family home. With captivating topography and a distinctive bridge feature, it's a haven for architectural enthusiasts.

Details

Property type

Single Family Residence

Est. home value

$2,486,439

Lot size

0.4 acres

Price per sq ft

$1,850

Year built

1952

Annual property taxes

$36,168.36

HOA

No

Price History

09/03/2024
Austin

Austin #1746616

Removed
09/03/2024
Austin

Austin #8949649

Listed
$2,499,950
08/01/2024
Austin

Austin #6525465

Removed

Schools & Community

Elementary school: 

Casis

Middle school: 

O Henry

High school: 

Austin

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

$802,954
Asking price
$2,499,950
Closing costs (~8% of asking)
-$199,996
Est. remaining loan balance
-$1,497,000
Cash to seller
$802,954

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

Seller’s Loan History

Lender

Hometown Lenders Inc

Loan start date

December 2022

Original loan amount

$1,529,500

Est. remaining balance

$1,497,000

Interest rate

6.95%

Loan type

New Conventional, 30 year

Seller

Laura Burkhart and Bryan Burkhart

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: 12/22/2024 at 6:10 PM

Listing updated: 11/14/2024 at 2:20 PM

Listed by: Amy Deane, Moreland Properties Phone #: (512) 480-0848

MLS: Austin #8949649

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