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$1,050,000

Beds
3
Baths
2.5
sq ft
2,296

5903 Median Rd, Austin, TX 78734

5903 Median Rd

Austin, TX 78734

  • 190 days on market
    • Price drop $50,000↓
Incredible opportunity available with SELLER FINANCING at a nearly 4% interest rate! Inquire for details on the seller financing. This property is being sold as a turnkey short-term rental but would also be a phenomenal opportunity for anyone looking for a unique property near the lake with a super low interest rate! It is nestled i near Lake Travis. This exquisite property, reminiscent of a romantic Tuscan vineyard, offers unparalleled luxury and serene beauty. Sold fully furnished and ready for guests or immediate move in, Villa De Oaks promises an exceptional return on investment with a projected annual revenue of $103,000. Secluded and secure, this gated property ensures privacy and peace for all visitors. Luxurious amenities, including a hot tub that seats 6-9, two fire pits with ample seating, and a meditation yurt with a daybed and seating for 8-10. The home is adorned with over 40 unique paintings and sculptures by local artists, adding a distinct charm to every corner. Entertainment options are plentiful with a game room featuring a reclining couch, Smart TV, and both PS and Xbox gaming consoles, complemented by a Baby Grand Piano, bongos, and a tambourine. The home currently offers three large bedrooms, two full bathrooms, and a convenient powder room. Though there is huge opportunity to increase the income on the property by finishing out the garage and the casita PLUS there is space for a pool. Villa De Oaks is conveniently located just minutes from Lake Travis. On-site parking includes space for jet skis or a boat, enhancing its appeal to vacationers. There is also ample parking if you were to use the home for weddings and events. Take advantage of this rare opportunity to own a piece of prime real estate with so much charm while securing an incredible investment. Inquire for more information! You have to see this property in person... It is stunning! With recommended improvements the property could generate 180k+ in annual revenue!

Details

Property type

Single Family Residence

Est. home value

$991,899

Lot size

0.671 acres

Price per sq ft

$458

Year built

1995

Annual property taxes

$13,568

HOA

No

Price History

11/05/2024
Austin

Austin #1472845

Price change
$1,050,000
-4.55%
05/17/2024
Austin

Austin #1472845

Listed
$1,100,000
03/28/2024
Austin

Austin #5782507

Removed

Schools & Community

Elementary school: 

Lake Travis

Middle school: 

Hudson Bend

High school: 

Lake Travis

Community features: 

None

High school district: 

Lake Travis 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

$115,705
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$850,295
Cash to seller
$115,705

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

Seller’s Loan History

Lender

Mid-American Mortgage Inc

Loan start date

January 2022

Original loan amount

$902,500

Est. remaining balance

$850,295

Interest rate

3.12%

Loan type

VA, 30 year

Seller

Ryan A Rafols

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: 11/22/2024 at 8:50 PM

Listing updated: 11/05/2024 at 2:14 PM

Listed by: Blake Carter, MODUS Real Estate Phone #: (512) 920-5653

MLS: Austin #1472845

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