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$1,315,000

Beds
3
Baths
2.5
sq ft
1,775

503 S Park Dr, Austin, TX 78704

503 S Park Dr

Austin, TX 78704

  • Pending
    • Price drop $10,000↓
Beautifully remodeled one-story home in the highly sought-after 78704 with a detached studio/flex space on an 11,705 square foot lot. The home is designed for entertaining, boasting an open floor plan that seamlessly connects indoor and outdoor living spaces. The main residence features an open concept layout offering ease of access and a seamless flow between rooms. With three bedrooms and two bathrooms, this home provides ample space for comfortable living. Every aspect of the property has been meticulously updated, from the fresh paint (both exterior and interior), stucco front exterior to the replaced roof, HVAC system, and tankless water heater and more! High-end finishes and fixtures are found throughout, including flooring, tile, light fixtures, custom cabinets, and appliances. The detached studio/flex space offers versatile usage options, including hosting guests, serving as a home office, or even functioning as a yoga studio. This additional space adds value and flexibility to the property. The expansive front yard and backyard provide plenty of space for outdoor activities and relaxation. The cowboy pool with custom deck and outdoor kitchen offers a refreshing retreat during hot Texas summers, while the outdoor shower adds a touch of luxury. Turf and xeriscaping throughout makes maintenance low and easy. The addition of an automatic gate and fully fenced in front and backyard ensures privacy and security, allowing residents to enjoy peace of mind while enjoying their outdoor spaces. Preferred lender offering a FREE 1% rate reduction for the first TWO years of the borrowers loan term AND covering the lender refi fees.

Details

Property type

Single Family Residence

Est. home value

$891,658

Property condition

Updated/Remodeled

Lot size

0.2687 acres

Price per sq ft

$741

Year built

1957

Annual property taxes

$19,197.79

HOA

No

Price History

09/19/2024
Austin

Austin #8059476

Pending
$1,315,000
05/30/2024
Austin

Austin #8059476

Listed
$1,315,000
04/29/2024
Austin

Austin #8059476

Removed

Schools & Community

Neighborhood: 

Dawson

Elementary school: 

Dawson

Middle school: 

Lively

High school: 

Travis

Community features: 

None

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

Loan Ranger Capital Investments Reit Llc

Loan start date

September 2023

Original loan amount

$668,000

Est. remaining balance

Not provided

Interest rate

6.96%

Loan type

Purchase Money Mortgage, 1 year

Seller

Dmw Retreats Llc

Lender

Cadence Bank Na

Loan start date

September 2023

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

6.96%

Loan type

Stand Alone Second, 2 year

Seller

Dmw Retreats Llc

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: Pending/Under Contract

Tomo last checked: 10/05/2024 at 8:45 PM

Listing updated: 09/19/2024 at 5:31 PM

Listed by: Sarah Kim, Twelve Rivers Realty Phone #: (512) 588-1453

MLS: Austin #8059476

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