tomo logo

$845,000

Beds
3
Baths
2.0
sq ft
1,948

406 Cherry Hill Dr, Austin, TX 78704

406 Cherry Hill Dr

Austin, TX 78704

  • 210 days on market
    • Price drop $73,650↓
BACK ON THE MARKET! DON'T MISS YOUR CHANCE THIS TIME FOR AN AMAZING OPPORTUNITY !!***BUYER LOST JOB AND HAD TO TERMINATE CONTRACT ***This charming mid century modern home located on a spacious 1/3rd acre lot just minutes away from downtown Austin. Built in 1960, this well maintained property boasts three bedrooms, two bathrooms, and a unique architectural style that blends retro charm with contemporary amenities. With an open floor plan filled with natural light streaming through large windows and tall ceilings . The living room features sleek hardwood floors that flow seamlessly into the dining area and kitchen. The kitchen has stainless steel appliances, Corian countertops, and ample storage space. Peaceful primary retreat with a spa-like en suite bathroom featuring a luxurious soaking tub and separate shower. Outside, the expansive yard offers endless possibilities for outdoor entertaining or gardening, with mature trees providing shade and privacy complete with an epoxy garage. Located in coveted 78704 close to shopping, dining, and entertainment, this mid century modern gem is the perfect blend of vintage charm and modern living.

Details

Property type

Single Family Residence

Est. home value

$1,181,223

Lot size

0.3476 acres

Price per sq ft

$434

Year built

1960

Annual property taxes

$27,573.07

HOA

No

Price History

09/25/2024
Austin

Austin #6472855

Price change
$845,000
-8.02%
09/03/2024
Austin

Austin #6472855

Listed
$918,650
09/02/2024
Austin

Austin #6472855

Removed

Schools & Community

Neighborhood: 

Dawson

Elementary school: 

Galindo

Middle school: 

Lively

High school: 

Travis

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

$411,449
Asking price
$845,000
Closing costs (~8% of asking)
-$67,600
Est. remaining loan balance
-$365,951
Cash to seller
$411,449

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

November 2017

Original loan amount

$425,000

Est. remaining balance

$365,951

Interest rate

3.83%

Loan type

New Conventional, 30 year

Seller

Frank J Schmitt and Marianne Schmitt

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: 10/05/2024 at 8:45 PM

Listing updated: 09/25/2024 at 5:47 PM

Listed by: Sally Hensley, The Agency Austin, LLC Phone #: (512) 607-5113

MLS: Austin #6472855

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