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$876,541Estimated home value

Beds
3
Baths
3.5
sq ft
1,751

505 Tillery St Unit 4, Austin, TX 78702

505 Tillery St Unit 4

Austin, TX 78702

  • Off market
    • Price drop $25,000↓
Whether you’re a remote worker looking for space to separate work and life, an entrepreneur looking to make money from an AirBNB, or a pet owner looking for plenty of outdoor space, 505 Tillery will give you the space you need to create a home. As a bonus, seller is offering financing for qualified buyers up to 2% lower than today’s average rates. This light filled 2BD/2.5BA multi-level condo lives like a townhome with an attached two-car garage and a private fenced-in yard. RARE floor plan offer a BONUS detached 3rd bedroom, office or guest space with full bath on first floor, separate from main residence, with its own entrance. STR approved community with great income potential. Excellent for a full-time home or investors. Floor plan is also fantastic for a roommate setup. Located in the vibrant and highly walkable 78702 area of Austin, this home provides easy access to the city's finest amenities. Just steps away from fabulous restaurants, shops, coffee spots, bars, art studios, breweries and a few short blocks to the Holly Shores at Ladybird Lake Hike & Bike Trail. 3 miles to the heart of Downtown and an easy 5 miles to the airport with easy access to I-35 & 183. SELLER FINANCING AVAILABLE with MUCH lower than market rates. Buyer can get a rate in the mid 5% to mid 6%, depending on down payment. MINIMUM of 20% down and Buyer must get pre-approved with Leahy Lending for seller financing consideration. NO formal underwriting, MUCH lower closing costs, NO discount points, close as fast as 10 days – Experience how lending should be done. Secure this luxury abode in one of the hottest areas of Austin.

Details

Property type

Condominium

Est. home value

$876,541

Lot size

2,430.65 sq ft

Price per sq ft

$357

Year built

2016

Annual property taxes

$11,824.28

Monthly HOA fee

$360

Price History

08/07/2024
Austin

Austin #3960998

Removed
07/20/2024
Austin

Austin #3960998

Pending
$624,900
06/24/2024
Austin

Austin #3960998

Price change
$624,900
-3.85%

Schools & Community

Neighborhood: 

Govalle

Elementary school: 

Govalle

Middle school: 

Martin

High school: 

Eastside Early College

Community features: 

Curbs, 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

$502,215
Asking price
$624,900
Closing costs (~8% of asking)
-$49,992
Est. remaining loan balance
-$72,693
Cash to seller
$502,215

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

October 2020

Original loan amount

$94,000

Est. remaining balance

$72,693

Interest rate

2.46%

Loan type

New Conventional, 15 year

Seller

Benjamin M Poppel

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: Off Market

Tomo last checked: 10/05/2024 at 10:15 PM

Listing updated: 07/19/2024 at 10:34 PM

Listed by: Rita Little-Byrd, Compass RE Texas, LLC Phone #: (512) 575-3644

MLS: Austin #3960998

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