tomo logo

$655,000

Beds
3
Baths
2.5
sq ft
1,975

502 W 16th St, Georgetown, TX 78626

502 W 16th St

Georgetown, TX 78626

  • 71 days on market
    • Price drop $20,000↓
Experience the charm of Old Town living in the heart of Georgetown, TX, with this 2016-built home offering 3 bedrooms, 2.5 bathrooms, a 2-car garage, plus a study/flex space and a loft. Located within walking distance of the Most Beautiful Square in TX, Blue Hole Park, Old Town Park, shopping, restaurants, and scenic walking trails along the San Gabriel River, this home is ideally situated. Enjoy an open concept design with a custom kitchen featuring a large eat-in island and built-in range. The adjacent breakfast area, illuminated by natural light from expansive windows, includes built-in bench seating. The living area, perfect for family game nights or relaxation, boasts two-story ceilings with wood beams, double sliding glass doors to the back patio, and a built-in entertainment/library center. The primary bedroom, which features wood floors throughout, is thoughtfully separated from the main living area by 8' French doors. The en-suite bathroom includes a spacious walk-in shower and a generous closet with built-in storage. The versatile floor plan includes several flexible spaces for guests and various uses. The main floor hosts the primary bedroom, office/flex room, half bath, and laundry room, while the second level features two additional bedrooms, a full bath, and a loft. The lot is equipped with a full sprinkler system and features a cozy outdoor fireplace from the original 1950s house. Gigabit internet is available, and additional highlights include wood floors, 8 ft. doors, and a water softener. This home is a must-see—don't miss out!

Details

Property type

Single Family Residence

Est. home value

$611,887

Lot size

7,187.4 sq ft

Price per sq ft

$332

Year built

2016

Annual property taxes

$9,359

HOA

No

Price History

10/01/2024
Austin

Austin #8930659

Price change
$655,000
-2.96%
09/12/2024
Austin

Austin #8930659

Listed
$675,000

Schools & Community

Elementary school: 

Annie Purl

Middle school: 

James Tippit

High school: 

East View

Community features: 

None

High school district: 

Georgetown 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

$309,305
Asking price
$655,000
Closing costs (~8% of asking)
-$52,400
Est. remaining loan balance
-$293,295
Cash to seller
$309,305

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

Seller’s Loan History

Lender

Cornerstone Home Lending Inc

Loan start date

September 2021

Original loan amount

$315,530

Est. remaining balance

$293,295

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Dina Laul Touchon and Robert Charles Touchon Iii

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: 11/22/2024 at 10:25 AM

Listing updated: 11/02/2024 at 9:11 AM

Listed by: Amrit Babu, Compass RE Texas, LLC Phone #: (512) 575-3644

MLS: Austin #8930659

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