3311 Cherrywood RD, Austin TX 78722

Austin, TX 78722 | Division

Ed's Opinion of Value

$468,325 Ed's Estimate: $900,411 $1,713,536
Lowest Comp Recommended List: $507,000 to $517,000 Highest Comp
Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $900,411. I'd recommend coming to market at $507,000 to $517,000 to strike the right balance between value and market velocity. Among the similar homes currently available in DIVISION, this price point stands out as competitive. Built in 1949, this home is 41 years older than the average comp, which is reflected in the adjustments. The 0.17 acre lot (larger than the 0.14 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in DIVISION; a buyer's market based on recent absorption. The trend in DIVISION shows prices have risen 66.4% in the past 6 months. 1304 Alamo ST, Austin TX 78702 nearby adjusts to $599,428; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group
0 Beds
Baths
1,600 Sq Ft
0.1703 Acres
1949 Built
1 Garage

About This Property

FABULOUS owner financing available at 5% interest rate making this the perfect opportunity for buyers or investors on this duplex Call agent for details and terms!!! This is an ideal chance for investor or savvy homeowners looking to maximize their real estate portfolio in highly sought after Cherrywood neighborhood! With the 2 units, each just under 800 sq ft, this property offers ample living space and potential income. The front unit is a blank canvas with the kitchen and bathroom needing to be completed presenting great opportunity for customization. The back unit has been updated and is ready for immediate occupancy This makes it attractive for any investor or DIY buyer who wants to live in the back unit while finishing the front unit. Both units boast 2 bedrooms plus 1 bath plus offer privacy. Whether you choose to live in one unit and rent out the other or even lease both units for maximum income potential, this duplex is a versatile investment opportunity. Beyond the units is a flat private yard providing ample space for outdoor activities or gardening plus allowing the ideal space for entertaining guests. Location is another stand out feature, nestled in the highly desirable Cherrywood neighborhood close to coffee shops, charming eateries, parks and local hotspots making it a vibrant and engaging community to call home. In addition you're close to UT, Moody Center and St David's Hospital. Don't miss out on this opportunity to own your duplex offering limitless potential. Schedule a showing today.

Features

  • See Remarks

Location

Schools

School District Austin ISD
Elementary Maplewood
Middle School Kealing
High School McCallum

Property Details

Property Type Residential Income
Flooring Laminate, Tile, Wood
Cooling Wall/Window Unit(s)
Heating Electric, Heat Pump, Natural Gas, Wall Furnace
Exterior Exterior Steps, Private Yard
County Travis
MLS # 1281068
Garage 1 spaces

Tax Information

Annual Taxes (MLS) $14,897 (2023)

Listing History

MLS# 1281068 186 days
Jan 4, 2024 Off Market
Nov 6, 2023 Price Change $599,000
May 25, 2023 Listed $619,900

Frequently Asked Questions About 3311 Cherrywood RD, Austin TX 78722

When was 3311 Cherrywood RD, Austin TX 78722 built?

3311 Cherrywood RD, Austin TX 78722 was built in 1949.

How much does 3311 Cherrywood RD, Austin TX 78722 cost?

3311 Cherrywood RD, Austin TX 78722 sold on January 4, 2024. Contact us for sale price details.

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