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$596,500

Beds
2
Baths
1.0
sq ft
884

2909 E 5th St, Austin, TX 78702

2909 E 5th St

Austin, TX 78702

  • <1 day on market
Prime East Austin Development Opportunity! This expansive lot at 2909 E 5th St presents an exceptional opportunity in the heart of vibrant East Austin. While being sold individually, this property offers significant potential for a larger-scale development project in conjunction with the adjacent property at 2907 E 5th St (MLS#4119986). Benefit from the rapid growth and revitalization of East Austin. Ideal for developers seeking a prime location for a multi-family development, or other exciting residential ventures. Enjoy easy access to the best of East Austin: walk to Metz Park, Lady Bird Lake, Plaza Saltillo, and more. Located near HEB and a short drive from Whole Foods. Metro is within walking distance for an easy commute. Don't miss this rare opportunity to acquire a significant development site in one of Austin's most sought-after neighborhoods. Sold As-Is.

Details

Property type

Single Family Residence

Est. home value

$698,882

Lot size

6,786.65 sq ft

Price per sq ft

$675

Year built

1945

Annual property taxes

$10,375

HOA

No

Price History

01/23/2025
Austin

Austin #3527635

Listed
$596,500
09/21/2024
Austin

Austin #1495131

Removed
07/03/2024
Austin

Austin #1495131

Price change
$625,000
-3.85%

Schools & Community

Neighborhood: 

Govalle

Elementary school: 

Brooke

Middle school: 

Martin

High school: 

Eastside Early College

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

$519,851
Asking price
$596,500
Closing costs (~8% of asking)
-$47,720
Est. remaining loan balance
-$28,929
Cash to seller
$519,851

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

December 2005

Original loan amount

$50,000

Est. remaining balance

$28,929

Interest rate

6.1%

Loan type

Not Provided, 30 year

Seller

Louis L Ramirez and Louis Ramirez

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: Active

Tomo last checked: 01/23/2025 at 8:30 AM

Listing updated: 01/23/2025 at 8:14 AM

Listed by: Elizabeth Noyola, Rustic Oak Real Estate Phone #: (512) 845-1084

MLS: Austin #3527635

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