tomo logo

$3,200,000

Beds
2
Baths
2.5
sq ft
2,400

7394 Creek Rd, Dripping Springs, TX 78620

7394 Creek Rd

Dripping Springs, TX 78620

  • 362 days on market
If You Build It, They Will Come - This 23+ acre property adjacent and just east of The Field of Dreams (TFOD) in Henly, TX, would be an ideal location to serve the needs of the hundreds of patrons who regularly attend tournaments and events at TFOD. With a current Ag Exemption in place, save on taxes as you build out your dream compound to serve the varied needs of sports fans coming to TFOD, and the many needs of nearby wedding and event venues. Ideally located in Henly, TX, and just a stone's throw from 290, this burgeoning community is in dire need of nearby restaurants (add a full restaurant, food trucks, a brewery/winery tasting room); weekend places to stay (think tiny homes, luxury container homes, RV parking pads, small timber homes), and activities during the typical breaks between tournament play (think climbing wall, a pool, batting cages, putt-putt golf course, skills competition). The possibilities are truly endless. The existing barndominium serves as the owner's current residence and could serve as the community center for an entirely new community to serve the needs of those coming to this mirage in the Texas Hill Country. Schedule your tour today and get ready to imagine something spectacular in your future!

Details

Property type

Single Family Residence

Est. home value

$1,671,747

Lot size

23.63 acres

Price per sq ft

$1,334

Year built

2017

Annual property taxes

$5,191.33

HOA

No

Price History

11/08/2023
Austin

Austin #5359004

Listed
$3,200,000

Schools & Community

Elementary school: 

Walnut Springs

Middle school: 

Dripping Springs Middle

High school: 

Dripping Springs

High school district: 

Dripping Springs 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

$2,572,689
Asking price
$3,200,000
Closing costs (~8% of asking)
-$256,000
Est. remaining loan balance
-$371,311
Cash to seller
$2,572,689

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

Seller’s Loan History

Lender

Nations Reliable Lending Llc

Loan start date

October 2021

Original loan amount

$450,000

Est. remaining balance

$371,311

Interest rate

2.17%

Loan type

New Conventional, 15 year

Seller

Justin Mcnair and Tracy Jayne Mcnair

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?

Similar Homes Nearby

Austin
$2,750,000
3 bd
|
2.5 ba
|
3,121 sq ft
|
House

1161 Las Colinas Dr, Dripping Springs, TX 78620

Austin
$3,585,000
9 bd
|
6 ba
|
6,100 sq ft
|
House

1451 Gatlin Creek Rd E, Driftwood, TX 78619

Austin
$3,255,000
12 bd
|
8 ba
|
8,136 sq ft
|
House

1610 N Elder Hill Rd, Driftwood, TX 78619

Status: Active

Tomo last checked: 11/05/2024 at 3:30 AM

Listing updated: 09/05/2024 at 1:10 PM

Listed by: Jeffrey Schnabel, Compass RE Texas, LLC Phone #: (512) 575-3644

MLS: Austin #5359004

Austin logo