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$565,500

Beds
3
Baths
3.0
sq ft
2,978

318 Lakeridge Dr, San Antonio, TX 78229

318 Lakeridge Dr

San Antonio, TX 78229

  • 104 days on market
    • Price drop $34,000↓
MOTIVATED! Come see this lovingly maintained and thoughtfully updated mid-century ranch home, situated on a .49 acre lot in the coveted Oak Hills neighborhood, an architectural park-like community with modest restrictions and no HOA. The unique modern character of the home is exemplified by one-of-a-kind architectural features including a slate front landing, curved Austin limestone brick interior and exterior walls, abundant windows, French doors, hardwood oak flooring, and expansive decks for entertaining. Built by designer builder James "Jimmie" Smart, the home was designated "The Smart Home" in the San Antonio Light in 1955, when first offered for sale. Walking up to the home, visitors notice two grand live oak trees and a small wildflower rain garden among the tasteful landscaping features, plentiful new vinyl, double-paned argon gas insulated windows, and a standing seam metal roof recently installed. A large driveway adds abundant parking for visitors in addition to the oversized 2-car garage with extra spacious storage room, enough room to store boats or RVs as well. Privacy is a benefit of being sloped down from the street and a French drain system is operational for peace of mind. Inside this custom build, an open floor plan is the center of the home with a living room, sunken family room, breakfast room and huge galley-style kitchen all open to each other, in a neutral ceramic tile and with abundant lighting from windows. These windows open the view to a sweeping rear deck and backyard, with winter views of downtown San Antonio. Originally a three-bedroom ranch home, two bedrooms were combined to create an expansive dual primary suites with ensuite bathroom, double vanities, double walk-in closets, and hardwood floors. A cozy second bedroom and guest bathroom with pedestal sink and linen shelves complete the original portion of the home, and a roomy second primary bedroom, ensuite bathroom, and massive walk-in closet were added to the other side of the home, giving both suites privacy. A formal dining room is separate from the living area and can be used for dining, or as an office, family room, or additional large bedroom space. The kitchen is a cook's dream with space for multiple stations for entertaining and is equipped with matching stainless appliances: a built-in convection oven and convection microwave combination, gas cooktop, and refrigerator. The kitchen is complete with a beverage refrigerator and a closet pantry. Off the breakfast area, a bright, large laundry room lends additional storage space for the home. Outside, the two-level covered deck is adorned in one-of-a-kind faux bois wood accents and steps down in three places - towards the plumbed and wired storage shed to the left, down to the huge privacy-fenced backyard at the center, and to a 12' x 24' hardscaped raised platform for barbequing or to house an above-ground pool or hot tub to the right. The backyard is an outdoor oasis with mountain laurel, two Surecrop nectarines, pomegranate, green fig, and 7th-year Choctaw pecan trees. The Oak Hills neighborhood includes wide streets, favorable covenants and deed restrictions, a voluntary citizens association, a several-acre central greenspace (city managed), and membership access to the Oak Hills Country Club. The charm of the mid-century neighborhood is all of the architecturally unique homes and the views of San Antonio driving through the neighborhood. Convenient to major highways and immediately next to the South Texas Medical Center and thriving international district. Schedule your appointment today to come see this versatile and unique home.

Details

Property type

Single Family Residence

Est. home value

$614,475

Lot size

0.50 acres

Price per sq ft

$190

Year built

1956

Annual property taxes

$13,576.25

Price History

05/22/2024
SanAntonio

SanAntonio #1761076

Price change
$565,500
-5.67%
05/01/2024
SanAntonio

SanAntonio #1761076

Price change
$599,500
-3.15%
04/21/2024
SanAntonio

SanAntonio #1761076

Price change
$619,000
-1.59%

Schools & Community

Neighborhood: 

Oak Hills

Elementary school: 

Baskin

Middle school: 

Longfellow

High school: 

Jefferson

Community features: 

Tennis Court(s)

School district: 

San Antonio I.S.D.

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

$248,105
Asking price
$565,500
Closing costs (~8% of asking)
-$45,240
Est. remaining loan balance
-$272,155
Cash to seller
$248,105

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

Seller’s Loan History

Lender

National Bank Of Kansas City

Loan start date

May 2015

Original loan amount

$338,712

Est. remaining balance

$272,155

Interest rate

3.7%

Loan type

VA, 30 year

Seller

Katharine A Murphy and Michael A Tamez

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: 07/05/2024 at 4:40 AM

Listing updated: 06/02/2024 at 2:26 AM

Listed by: Kristen Alvarado, Compass RE Texas, LLC - SA Phone #: (210) 361-6000

MLS: SanAntonio #1761076

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