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$515,000

Beds
4
Baths
2.5
sq ft
1,349

5315 Downs Dr, Austin, TX 78721

5315 Downs Dr

Austin, TX 78721

  • Pending
Welcome to 5315 Downs, located in the vibrant East MLK area of Austin, a neighborhood that perfectly captures the essence of the city. This fully remodeled bungalow offers 4 beds and 2.5 bath and a light-filled open floorplan. The owners suite is separate from the secondary bedrooms and features double closets, a designer bath & private entry door. 2 bedrooms & a bedroom/office with custom wall of built ins share a gorgeous updated bath with custom vanity & dual sinks. Don’t miss the pocket bath between the back bedrooms. The laundry room offers generous storage and a sink. Outside, you’ll find a stunning Heritage oak in the xeriscaped front yard. The large deck and fire pit in the back are perfect for entertaining. This home is ideally positioned just moments away from a diverse array of dining options, local shops, and cultural attractions. Experience the rich tapestry of the community with nearby parks such as Rosewood Park, where you can enjoy outdoor activities and family-friendly events. Downtown Austin is a short drive away. Embrace the eclectic lifestyle of East MLK, where you can enjoy the best of Austin's urban conveniences while being part of a tight-knit neighborhood.

Details

Property type

Single Family Residence

Est. home value

$526,433

Lot size

7,405.2 sq ft

Price per sq ft

$382

Year built

1969

Annual property taxes

$7,138

HOA

No

Price History

02/22/2025
Austin

Austin #7710904

Pending
$515,000
02/18/2025
Austin

Austin #7710904

Listed
$515,000

Schools & Community

Neighborhood: 

MLK 183

Elementary school: 

Norman-Sims

Middle school: 

Martin

High school: 

Lyndon B Johnson (Austin ISD)

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

$164,864
Asking price
$515,000
Closing costs (~8% of asking)
-$41,200
Est. remaining loan balance
-$308,936
Cash to seller
$164,864

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

Seller’s Loan History

Lender

State Bank & Trust Co

Loan start date

April 2021

Original loan amount

$338,000

Est. remaining balance

$308,936

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Margaux Corp and Kevin Tierney

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: 02/23/2025 at 5:20 AM

Listing updated: 02/22/2025 at 1:41 PM

Listed by: Jen Sparks, Kifer Sparks Agency Phone #: (512) 270-8587

MLS: Austin #7710904

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