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$1,900,006Estimated home value

Beds
4
Baths
4.0
sq ft
3,162

5708 Driftwood Dr, Austin, TX 78731

5708 Driftwood Dr

Austin, TX 78731

  • Off market
    • Price drop $50,000↓
Situated across from Bull Creek, this modern home offers luxurious living with breathtaking views of the greenbelt and Northwest hills. Built in 2017, the residence features four bedrooms and four bathrooms, complemented by a sparkling pool, hot tub, natural wood deck, and inviting outdoor entertaining spaces. The unique 0.39-acre corner lot provides privacy and serene greenspace views. Inside, you'll find expansive rooms filled with natural light, high ceilings, custom finishes, and a gourmet kitchen, all set amidst fantastic landscaping and a flat, usable yard. Conveniently located near major highways, the home ensures easy commuting to downtown or the airport. The detached garage offers potential for an ADU addition. Residents also enjoy access to lower Bull Creek, the exclusive Lakewood Club park, and nearby hiking trails, making this property a perfect blend of luxury, privacy, and outdoor adventure.

Details

Property type

Single Family Residence

Est. home value

$1,900,006

Lot size

0.3991 acres

Price per sq ft

$617

Year built

2017

Annual property taxes

$27,361.82

Monthly HOA fee

$5.42

Price History

09/30/2024
Austin

Austin #4070804

Removed
09/25/2024
Austin

Austin #4070804

Pending
$1,949,999
06/06/2024
Austin

Austin #4070804

Price change
$1,949,999
-2.5%

Schools & Community

Elementary school: 

Doss (Austin ISD)

Middle school: 

Murchison

High school: 

Anderson

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

$907,764
Asking price
$1,949,999
Closing costs (~8% of asking)
-$156,000
Est. remaining loan balance
-$886,235
Cash to seller
$907,764

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

Seller’s Loan History

Lender

Luminate Home Loans Inc

Loan start date

May 2023

Original loan amount

$900,000

Est. remaining balance

$886,235

Interest rate

6.42%

Loan type

Not Provided, 30 year

Seller

Adam Reichow and Richard Kefler 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?

Status: Off Market

Tomo last checked: 10/05/2024 at 8:55 PM

Listing updated: 09/30/2024 at 9:16 AM

Listed by: Andrew Vallejo, Redfin Corporation Phone #: (512) 710-0156

MLS: Austin #4070804

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