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$624,900

Beds
3
Baths
2.5
sq ft
1,465

500 E Riverside Dr Unit 242, Austin, TX 78704

500 E Riverside Dr Unit 242

Austin, TX 78704

  • 125 days on market
    • Price drop $18,100↓
NEW ROOF FINISHED & NEW INDOOR AIR HANDLER INSTALLED 2024 - NEW EXTERIOR PAINT COMING SOON! Spacious 3 bedroom, 2.5 bath, 2-story condo with downtown skyline views and private waterfront access! Located on the south shore of Lady Bird Lake, this 1465 sq. ft. unit also includes a spacious living area with plenty of natural light, wood look vinyl flooring, and an updated color scheme. This lovingly cared for unit, in Riverwalk Condominiums, offers private assigned parking (1 covered, 1 uncovered) and secure gated entrances. With a kitchen, dining, and spacious living area downstairs, this unit has 3 bedrooms upstairs, walk-in closets, and 3 separate patios to enjoy the fresh air and views. Additional community amenities include private landscaped grounds, numerous pools and lounge areas, as well as a community dock with canoe, kayak and SUP storage areas. Access to Lady Bird Lake and it’s 10-mile hike and bike trail is just outside the property gates. 500 E. Riverside Drive #242 is just a short walk to all the things you love about 78704… SoCo, Downtown Barton Springs, Zilker Park, and Auditorium Shores. These units rarely come on the market and provide home owners or investors a unique opportunity to buy in this complex! HOA does not allow Short Term Rentals. MINIMUM OF 2 HOURS NOTICE REQUIRED FOR SHOWINGS AS OWNERS WORK FROM HOME.

Details

Property type

Condominium

Est. home value

$721,922

Lot size

2,962.08 sq ft

Price per sq ft

$427

Year built

1971

Annual property taxes

$11,781

Monthly HOA fee

$552

Price History

05/25/2024
Austin

Austin #1731613

Price change
$624,900
-2.81%
04/20/2024
Austin

Austin #1731613

Price change
$643,000
-0.92%
03/01/2024
Austin

Austin #1731613

Listed
$649,000

Schools & Community

Neighborhood: 

South River City

Elementary school: 

Travis Hts

Middle school: 

Lively

High school: 

Travis

Community features: 

Pool, Sidewalks

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

$99,510
Asking price
$624,900
Closing costs (~8% of asking)
-$49,992
Est. remaining loan balance
-$475,398
Cash to seller
$99,510

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

May 2021

Original loan amount

$508,500

Est. remaining balance

$475,398

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Christopher L Chaffin and Danielle Leslie Chaffin

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: 07/04/2024 at 8:30 PM

Listing updated: 06/05/2024 at 9:14 AM

Listed by: Steven Cady, Moreland Properties Phone #: (512) 480-0848

MLS: Austin #1731613

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