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$3,999,999

Beds
4
Baths
3.0
sq ft
2,378

411 Whitetail Rdg, Dripping Springs, TX 78620

411 Whitetail Rdg

Dripping Springs, TX 78620

  • 333 days on market
    • Price drop $600,001↓
Commercial development opportunity on HWY 290!! Discover the allure of Dripping Springs with this rustic property, where country tranquility meets city accessibility. Just 28 minutes from vibrant Austin, it's your hill country getaway close to local dining, breweries and entertainment in Dripping Springs. Sitting on over 15 acres with varying topography and a wet weather creek, this retreat is ideal for nature lovers. The 2,378 sq ft home, built in 1972 and thoughtfully updated, features four bedrooms, three bathrooms, including an upstairs apartment with its own bath and kitchenette. A successful short-term rental, it comes fully furnished. The kitchen, bathed in natural light from a skylight and framed by heritage oak views, showcases olive green cabinets and a unique hand-painted backsplash. The adjoining dining and living space, with its limestone fireplace and cabin inspired wood paneled walls provides breathtaking Hill Country views and leads to the pool and outdoor dining areas. The home's freshly painted bedrooms and new flooring create a tranquil, modern vibe. The property also includes a fun-filled carport with games and various outdoor dining areas under majestic oaks, overlooking the pool and picturesque landscape. Outdoor features include a beautifully replastered pool, new deck railing, and inviting fire pit areas, ideal for stargazing under the dark skies. Recent improvements include a new metal roof, AC, flooring, pool enhancements, updated piping, a new well pump, and a maintained septic system. With no deed or zoning restrictions and significant HWY 290 frontage, this property is perfect for commercial development or entrepreneurial projects. Residential development schematic available also including proposed HWY 290 expansion. With this property having NO HOA, NO deed restrictions, and now out of the DS ETJ it's a commercial opportunity in the expanding area of Dripping Springs, between downtown Drip and Belterra Village.

Details

Property type

Single Family Residence

Est. home value

$1,853,828

Lot size

15.01 acres

Price per sq ft

$1,683

Year built

1972

Annual property taxes

$31,203.37

Price History

06/18/2024
Austin

Austin #6485270

Price change
$3,999,999
-13.04%
01/24/2024
Austin

Austin #6485270

Listed
$4,600,000

Schools & Community

Elementary school: 

Dripping 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

$3,579,389
Asking price
$3,999,999
Closing costs (~8% of asking)
-$320,000
Est. remaining loan balance
-$100,610
Cash to seller
$3,579,389

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

Seller’s Loan History

Lender

Amplify Cu

Loan start date

July 2020

Original loan amount

$804,800

Est. remaining balance

$100,610

Interest rate

3.18%

Loan type

New Conventional, 5 year

Seller

Jason Weiss and Dedra Weiss

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: 12/23/2024 at 12:35 AM

Listing updated: 08/23/2024 at 3:08 AM

Listed by: Lauren Clark, Magnolia Realty Austin Hill Co Phone #: (512) 771-4176

MLS: Austin #6485270

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