tomo logo

$850,000

Beds
2
Baths
2.0
sq ft
982

48 East Ave Unit 2309, Austin, TX 78701

48 East Ave Unit 2309

Austin, TX 78701

  • 430 days on market
    • Price drop $25,000↓
Amazing price improvement on an Investor's dream opportunity at The Natiivo, a condominium hotel in downtown Austin! One of a kind in The Natiivo: where short term rentals allowed! Turnkey and ready to go! Located in the heart of the Rainey Street area, this attractively furnished 2 bedroom/2 bath condo on the shores of Lady Bird Lake has an outstanding rental history. Open living, dining, and kitchen area separate 2 spacious bedrooms with beautiful baths. All furnishings and art convey and ready to go. Fitness center with Peloton bikes. Dog park. Minutes from the hike and bike trail and the ATX downtown scene. This property had a net revenue for 2023 of $55K! All the amenities of a hotel plus valet parking, rooftop pool, and 24 hour security. Rental history and projections available

Details

Property type

Condominium

Lot size

82.76 sq ft

Price per sq ft

$866

Year built

2021

Annual property taxes

$3,402.01

Monthly HOA fee

$1,082

Price History

06/05/2024
Austin

Austin #1158884

Listed
$850,000
06/01/2024
Austin

Austin #1158884

Removed
03/27/2024
Austin

Austin #1158884

Price change
$850,000
-2.86%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Fitness Center, Pool

High school district: 

Austin ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Advancial Fcu

Loan start date

March 2022

Original loan amount

$561,827

Est. remaining balance

Not provided

Interest rate

5.62%

Loan type

New Conventional, 15 year

Seller

Aron Donatiello

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: 07/04/2024 at 8:45 PM

Listing updated: 06/20/2024 at 11:41 AM

Listed by: Camille Abbott, Kuper Sotheby's Int'l Realty Phone #: (512) 261-0008

MLS: Austin #1158884

Austin logo

Recently listed in Austin