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$671,706Estimated home value

Beds
3
Baths
2.0
sq ft
1,782

401 Farrell Rd, Dripping Springs, TX 78620

401 Farrell Rd

Dripping Springs, TX 78620

  • Off market
    • Price drop $25,000↓
Great opportunity to own 2.5 unrestricted acres in close proximity to everything Dripping Springs has to offer. Enjoy easy access to local vineyards, distilleries, and breweries. This 3-bedroom, 2-bath ranch-style home features an updated kitchen with a breakfast nook overlooking wooded views. Large windows throughout ensure plenty of natural light. The flooring includes tile and luxury vinyl throughout the house. This home has solid bones and is ready for a new owner to personalize it. Relish the privacy and shade provided by the oak trees in the backyard. New HVAC and water heater. Located in the Dripping Springs ISD. Note: Chandelier in the breakfast nook does not convey.

Details

Property type

Single Family Residence

Est. home value

$671,706

Lot size

2.54 acres

Price per sq ft

$337

Year built

2001

Annual property taxes

$8,179

Price History

09/10/2024
Austin

Austin #6341020

Removed
07/25/2024
Austin

Austin #6341020

Pending
$600,000
05/16/2024
Austin

Austin #6341020

Price change
$600,000
-4%

Schools & Community

Elementary school: 

Walnut Springs

Middle school: 

Dripping Springs Middle

High school: 

Dripping Springs

Community features: 

None

High school district: 

Dripping Springs 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

$199,202
Asking price
$600,000
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$352,798
Cash to seller
$199,202

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

Seller’s Loan History

Lender

Cmg Mortgage Inc

Loan start date

March 2020

Original loan amount

$388,800

Est. remaining balance

$352,798

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Q Patrick Cozeman and Alberto Penate

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: Off Market

Tomo last checked: 10/05/2024 at 8:35 PM

Listing updated: 07/29/2024 at 11:38 AM

Listed by: David Brodsky, David Brodsky Properties Phone #: (512) 481-8811

MLS: Austin #6341020

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