tomo logo

$2,500,000

Beds
4
Baths
5.0
sq ft
7,424

8611 Young Ln, Austin, TX 78737

8611 Young Ln

Austin, TX 78737

  • 69 days on market
This extraordinary custom home was designed by the owner who is an award winning builder/architect, who also designed the 15 custom homes behind the gates in coveted Estates of Lewis Mountain. Homes in the Estates of Lewis Mountain rarely come on the market. Young Lane ends in a quiet cul-de-sac, lightly traveled, peaceful serenity. The 2 acre homesite feels far more expansive as the south facing backyard extends to acres of privately owned, unbuildable land. Low tax rate (1.4), with quick access to downtown & the airport. This estate home is situated on a level homesite with over 100 trees, an emphasis on privacy and taking advantage of the hill country setting. Plenty of space for a pool and/or casita, very private. The home has exquisite finishes and spares no extravagance in the pursuit of fine living. A grand circular entry foyer presents soaring ceilings featuring a breathtaking elegant chandelier as the focal point. The sweeping staircase leads to a dramatic circular loggia upstairs. Two upstairs bedrooms with ensuite bathrooms overlook beautiful backyard trees. The Master Suite has all the grandeur one could desire with separate His & Hers Master Bathrooms and closets. Her Bathroom features a massive soaking tub and expansive make-up/counter area. His Bathroom features a walk in shower. An adjoining Exercise Room with it’s own half bath could be used as a study nook, dressing room, endless possibilities. A separate room attached to the Master Suite can be an additional sitting room or nursery. A separate wing includes a living/media room and office but can be used as a private guest wing with a separate entrance & parking. A warm Family Room opens to a gourmet Kitchen with a beautiful brick wall and kitchen bar detail. There is also a small wine room. The home features antique oak hardwoods, marble flooring and extensive custom moldings. Too many beautiful architectural details to list here, one must view in person to experience.

Details

Property type

Single Family Residence

Est. home value

$2,465,333

Lot size

1.94 acres

Price per sq ft

$337

Year built

2002

Annual property taxes

$28,300

Monthly HOA fee

$62.5

Price History

07/12/2024
Austin

Austin #7244265

Listed
$2,500,000

Schools & Community

Elementary school: 

Baldwin

Middle school: 

Gorzycki

High school: 

Bowie

Community features: 

Gated

High school district: 

Austin ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Finance Of America Reverse Llc

Loan start date

December 2016

Original loan amount

$938,250

Est. remaining balance

Not provided

Interest rate

4.39%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage)

Seller

Robert Ellis Peerman and Janet Mareen Peerman

Lender

Village Bank & Trust

Loan start date

November 2001

Original loan amount

$200,000

Est. remaining balance

$88,375

Interest rate

6.64%

Loan type

Not Provided, 30 year

Seller

Robert Ellis Peerman and Janet Maureen Peerman

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: 09/20/2024 at 3:40 AM

Listing updated: 09/08/2024 at 4:05 PM

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

MLS: Austin #7244265

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