tomo logo

$2,250,000

Beds
5
Baths
4.5
sq ft
3,567

2707 Cherry Ln, Austin, TX 78703

2707 Cherry Ln

Austin, TX 78703

  • 64 days on market
    • Price drop $225,000↓
This inviting Tarrytown cottage was renovated and added onto in 2021, turning it into a 3,567 sqft expansive home with light-filled spaces & and a true indoor-outdoor living experience. It is truly more than meets the eye. The front yard is shaded by one of the largest oak trees in Austin. Upon entering the home, you are greeted by bright interiors, original hardwood floors, a wood burning fireplace, all in a beautiful living area that is the true center of the home. The eat-in kitchen is spacious, newly painted & has a commercial grade Viking range, silestone counters & plenty of cabinet space. The dining room can seat more than 10 people comfortably & opens out onto the ipé deck and into the huge backyard. There are two bedrooms up front, including the primary suite with a spacious bath, dual vanity & 2 walk-in closets. The addition starts at the mudroom/side entry, where there is an arched steel door, cubbies and a powder room, a perfect space for on-the-go owners. The home continues up a staircase to the newly added 3 bedrooms, plus shared bath. Downstairs is a huge family room, with enough space for every activity. Two sets of french doors to the outside bring in tons of light. The attached, extra-long 1-car garage is perfect for storage, but there is also a storage shed behind the house. The home is a U-shape, where owners can truly enjoy indoor outdoor living on this ¼ acre property, dining on the beautiful ipé deck, or running through the shaded and spacious yard. The location couldn’t be more perfect - Tarrytown is just minutes from Lake Austin, the hike & bike trail and downtown. Zoned to Casis Elementary, this property is on a charming tree-lined street. Come see what’s next for you in this beautiful home!

Details

Property type

Single Family Residence

Est. home value

$1,905,632

Lot size

0.256 acres

Price per sq ft

$631

Year built

1939

Annual property taxes

$20,404

HOA

No

Price History

10/23/2024
Austin

Austin #6397196

Price change
$2,250,000
-9.09%
09/19/2024
Austin

Austin #6397196

Listed
$2,475,000
07/09/2024
Austin

Austin #9678942

Removed

Schools & Community

Elementary school: 

Casis

Middle school: 

O Henry

High school: 

Austin

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

$1,140,505
Asking price
$2,250,000
Closing costs (~8% of asking)
-$180,000
Est. remaining loan balance
-$929,495
Cash to seller
$1,140,505

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

Seller’s Loan History

Lender

Morgan Stanley Private Bank Na

Loan start date

November 2020

Original loan amount

$1,020,000

Est. remaining balance

$929,495

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Adam Faul and Lauren Faul

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 11:20 AM

Listing updated: 11/10/2024 at 4:05 PM

Listed by: Hillary Deck, Kuper Sotheby's Int'l Realty Phone #: (512) 831-6577

MLS: Austin #6397196

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