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$315,000

Beds
4
Baths
2.0
sq ft
1,428

5507 Burgundy Dr, Austin, TX 78724

5507 Burgundy Dr

Austin, TX 78724

  • 69 days on market
Rehab opportunity in a great transitional neighborhood in vibrant East Austin. This home has 4 bedrooms, 2 full baths, a formal living and dining room and a large back yard. Check out the property and see how you can put your own personal design stamp on it. Whether owner occupied or for an investment, this gem is just waiting to see what you can do.

Details

Property type

Single Family Residence

Est. home value

$334,641

Lot size

6,542.71 sq ft

Price per sq ft

$221

Year built

1980

Annual property taxes

$4,521.53

HOA

No

Price History

10/14/2024
Austin

Austin #5799866

Listed
$315,000
10/07/2024
Austin

Austin #5799866

Pending
$315,000
08/30/2024
Austin

Austin #5799866

Listed
$315,000

Schools & Community

Elementary school: 

Jordan

Middle school: 

Dobie (Austin ISD)

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

$7,209
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$282,591
Cash to seller
$7,209

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

Seller’s Loan History

Lender

Canopy Mortgage Llc

Loan start date

January 2022

Original loan amount

$300,000

Est. remaining balance

$282,591

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Nicolas Thatcher and Frances Thatcher

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: 11/08/2024 at 10:10 AM

Listing updated: 10/14/2024 at 11:59 AM

Listed by: Nicki Turner, Berkshire Hathaway TX Realty Phone #: (512) 483-6000

MLS: Austin #5799866

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