tomo logo

$394,900

Beds
2
Baths
1.0
sq ft
768

4801 Lott Ave, Austin, TX 78721

4801 Lott Ave

Austin, TX 78721

  • 36 days on market
    • Price drop $4,100↓
DEVELOPMENT OPPORTUNITY ON A GREAT LOCATION!! Welcome to an exceptional opportunity at 4801 and 4803 Lott Ave, Austin, TX 78721. Located in the dynamic Eastfield neighborhood. This offering includes not just one, but two parcels of land (W PT OF LOT 8 BLK 6 EASTFIELD and E59.6 FT OF LOT 8 BLK 6 EASTFIELD), providing an expansive canvas for your real estate dreams. The combined lots offer ample space for development, whether you're envisioning a spacious single-family home, a multi-unit investment property, or a creative community space. Zoned SF-3-NP. The home features new roof, new paint as well as a newer HVAC system ensuring comfort and efficiency. Located near the vibrant Mueller neighborhood, you'll have easy access to a variety of shops, restaurants, and parks. Downtown Austin and 12th Street are just a short drive away, offering a plethora of entertainment and dining options. Plus, the new Tesla Mega Factory is nearby, adding to the area's growth and appeal. Whether you're looking to invest, redevelop, or renovate, this property offers a unique opportunity to create your dream home or a lucrative investment. Don't miss out on this rare opportunity to own a piece of Austin's dynamic real estate landscape. With its prime location and ample space, 4801 and 4803 Lott Ave are poised to become a standout-property in this thriving community. Nearby businesses include: H-E-B Grocery Store Mueller Lake Park Alamo Drafthouse Cinema Thinkery Children's Museum Torchy's Tacos Schedule a viewing today and envision the possibilities! Information provided (measurements, schools, tax, etc) is deemed reliable, but is not guaranteed and should be independently verified by the buyer or the buyer's agent.

Details

Property type

Single Family Residence

Est. home value

$351,289

Lot size

6,477.37 sq ft

Price per sq ft

$515

Year built

1949

Annual property taxes

$4,079

HOA

No

Price History

11/11/2024
Austin

Austin #6833183

Price change
$394,900
-1.03%
10/13/2024
Austin

Austin #6833183

Listed
$399,000
08/01/2024
Austin

Austin #5827815

Removed

Schools & Community

Neighborhood: 

MLK 183

Elementary school: 

Sims

Middle school: 

Garcia

High school: 

Northeast Early College

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

$336,292
Asking price
$394,900
Closing costs (~8% of asking)
-$31,592
Est. remaining loan balance
-$27,016
Cash to seller
$336,292

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

Seller’s Loan History

Lender

Dba Tricoast Mtg Services

Loan start date

December 2000

Original loan amount

$64,599

Est. remaining balance

$27,016

Interest rate

7.83%

Loan type

FHA, 30 year

Seller

Mauro Mota and Juana R Mota

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: 11/19/2024 at 1:30 AM

Listing updated: 11/14/2024 at 7:53 AM

Listed by: Geovanna Sanchez, Epique Realty LLC Phone #: (512) 387-0722

MLS: Austin #6833183

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