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$2,950,000

Beds
4
Baths
4.5
sq ft
2,752

5803 Gloucester Ln, Austin, TX 78723

5803 Gloucester Ln

Austin, TX 78723

  • 64 days on market
Welcome to this extraordinary gated 2-story home in prime 78723, a stunning property that sits on nearly 2 acres of land that recently received SF-6 Zoning which allows condos and townhomes. This property offers a multitude of possibilities. It can serve as a comfortable residence or an expansive estate, while also presenting an excellent opportunity for development into multiple units. The property features a carport and a fully fenced 42-foot vintage travel trailer that was converted into a tiny home, complete with plumbing, carpet/tile flooring, a spacious living area, a bedroom, a bathroom, and a well-equipped kitchen. The travel trailer is perfect for guests or even a short-term rental. You are greeted by a beautifully landscaped front yard with tall trees, a windmill, and a clean walkway as you make your way to the main house. The main house boasts a metal roof with solar panels and is designed to impress with its stunning interior. The living room has high ceilings and several windows that allow natural light to flood in. The dining room is adjacent to the kitchen, which features a breakfast bar, black quartz countertops, recessed lighting, built-in ovens, stainless steel appliances, and a tile backsplash. This beautiful home has 2 spacious living areas, 4 beds and 4 1/2 baths, providing ample space for comfortable living. Additionally, there is an outdoor bathroom for added convenience. The property also features a full tennis court that would make a couple of amazing pickleball courts or banquet area under the stars amongst the gardens! The large fully fenced backyard has areas for gardening, flower beds, and a large patio that provides a wonderful outdoor space for relaxation and entertainment. Surrounded by several other big land parcels for privacy and only 2 miles from Mueller & Dell Children's Hospital. Only about 4 miles to DK Royal Football Stadium/UT/Moody Center, and approx 9 miles to the airport.

Details

Property type

Single Family Residence

Est. home value

$3,233,543

Lot size

1.89 acres

Price per sq ft

$1,072

Year built

1920

Annual property taxes

$15,206.65

Price History

05/02/2024
Austin

Austin #1281928

Listed
$2,950,000

Schools & Community

Neighborhood: 

Pecan Springs Springdale

Elementary school: 

Pecan Springs

Middle school: 

Pearce Middle

High school: 

Northeast Early College

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

$2,200,497
Asking price
$2,950,000
Closing costs (~8% of asking)
-$236,000
Est. remaining loan balance
-$513,503
Cash to seller
$2,200,497

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

Seller’s Loan History

Lender

Churchill Mortgage Corp

Loan start date

August 2021

Original loan amount

$548,250

Est. remaining balance

$513,503

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Denise M Shannon and Shannon Batson

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: Active

Tomo last checked: 07/06/2024 at 3:00 AM

Listing updated: 05/07/2024 at 8:50 AM

Listed by: Jean Bruns, @ properties Christie's International Phone #: (512) 368-8078

MLS: Austin #1281928

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