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$795,000

Beds
2
Baths
2.0
sq ft
1,597

603 Davis St Unit 1202, Austin, TX 78701

603 Davis St Unit 1202

Austin, TX 78701

  • 61 days on market
    • Price drop $15,000↓
Experience the epitome of downtown living with Shore #1202, a unique unit with 2 bedrooms, 2 bathrooms, and a Bonus Room nestled in the vibrant heart of the Rainey Street Historic District. Unrivaled Convenience and Luxury Step into modern elegance as you enter Shore #1202. Relish in the luxury of your private terrace with almost 300 sf of additional space. Indulge in the amenities of Hotel Van Zandt, accessible via a connecting entrance on Shore's pool deck. Host out-of-town guests easily, knowing luxury accommodations are just moments away, enhancing your urban lifestyle. Enjoy the convenience of two private, assigned, secured parking spaces and a private storage unit accessible steps away from your unit via an elevator. Embrace the excitement of the Rainey Street Historic District's burgeoning development, with The Shore offering exceptional value and lower-than-normal HOA fees. Seize the opportunity to invest in a community poised for growth before luxury developments drive values skyward. Don't miss your chance to call Shore #1202 home. Experience the perfect blend of urban convenience & serene luxury in the heart of Downtown. The Shore is one of only a few buildings in Downtown Austin with no Rental Cap, meaning buyers can purchase and lease immediately without delay (pending no changes in the longstanding HOA rules around this policy). *Buyer to confirm all details at the time of offer.

Details

Property type

Condominium

Est. home value

$1,095,971

Lot size

304.92 sq ft

Price per sq ft

$498

Year built

2006

Annual property taxes

$14,053.38

Monthly HOA fee

$982

Price History

11/07/2024
Austin

Austin #1911062

Price change
$795,000
-1.85%
09/19/2024
Austin

Austin #1911062

Listed
$810,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Fitness Center, Pool

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

$221,310
Asking price
$795,000
Closing costs (~8% of asking)
-$63,600
Est. remaining loan balance
-$510,090
Cash to seller
$221,310

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

August 2021

Original loan amount

$548,250

Est. remaining balance

$510,090

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Trisha Stacey

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: 11/19/2024 at 9:20 AM

Listing updated: 11/07/2024 at 10:32 AM

Listed by: Lesley Taylor, Kuper Sotheby's Int'l Realty Phone #: (512) 831-6577

MLS: Austin #1911062

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