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$799,000

Beds
4
Baths
3.0
sq ft
2,229

7302 Fred Morse Dr, Austin, TX 78723

7302 Fred Morse Dr

Austin, TX 78723

  • 69 days on market
    • Price drop $41,000↓
YOU CAN BUY THIS $799K home for the same payment as a $668K home. UPGRADE into this Home. SELLER FINANCING AVAILABLE with MUCH lower than market rates. Buyer can get a rate in the mid 4'S to mid 5'S depending on down payment, and SAVE $32K in closing costs. MINIMUM of 20% down and Buyer must get pre-approved with Leahy Lending for seller financing consideration. NO formal underwriting, MUCH lower closing costs, NO discount points, close as fast as 10 days – Experience how lending should be done. Welcome to this stunning 4-bedroom, 3-bathroom home operating as a successful and fully furnished Airbnb with many bookings throughout the remainder of 2024. Perfect for investors or families alike, this turn-key property offers a seamless transition to continue generating income or move right in and enjoy. Inside you'll find a bright and airy open-concept layout with modern finishes throughout. The spacious living area flows effortlessly into a commodious kitchen complete with stainless steel appliances, quartz countertops, and a large island and peninsula perfect for entertaining. The master suite is a private retreat with a luxurious en-suite bathroom. Three additional bedrooms provide ample space for guests or a growing family with two more beautifully appointed bathrooms for convenience. Step outside to the expansive backyard—your own private oasis with a hot tub! It’s the perfect spot for relaxation or gatherings featuring plenty of room for outdoor dining, activities, and more. The lush landscaping adds to the serene ambiance, making it a true escape. With its prime location, stylish furnishings, and income-generating potential, this property is a rare find. Don’t miss out on the opportunity to own this exceptional home!

Details

Property type

Single Family Residence

Est. home value

$652,056

Property condition

Updated/Remodeled

Lot size

8,929.8 sq ft

Price per sq ft

$359

Year built

1969

Annual property taxes

$12,646.16

HOA

No

Price History

10/29/2024
Austin

Austin #1352273

Price change
$799,000
-4.88%
09/10/2024
Austin

Austin #1352273

Listed
$840,000

Schools & Community

Neighborhood: 

University Hills

Elementary school: 

Winn

Middle school: 

Bertha Sadler Means

High school: 

Lyndon B Johnson (Austin ISD)

Community features: 

Curbs, Street Lights

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

$160,600
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$574,480
Cash to seller
$160,600

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

Seller’s Loan History

Lender

Amcap Mortgage Ltd

Loan start date

February 2022

Original loan amount

$608,000

Est. remaining balance

$574,480

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Adam Whitlock and Alexis Whitlock

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: 11/19/2024 at 9:25 AM

Listing updated: 11/06/2024 at 4:11 PM

Listed by: Alexis Whitlock, Recognize Realty Phone #: (512) 965-5794

MLS: Austin #1352273

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