362 Old 71, Cedar Creek TX 78612

Cedar Creek, TX 78612 | Red Gully Creek

Ed's Opinion of Value

$142,374 Ed's Estimate: $257,797 $457,245
Lowest Comp Recommended List: $290,000 to $302,000 Highest Comp
Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $257,797. To generate strong buyer interest while maximizing value, I'd price this between $290,000 and $302,000. In the current RED GULLY CREEK market with 0 similar homes available, this price represents no active comparable homes on the market. At 411 sqft smaller than the typical comp, the size difference factors into the valuation. The 1987 construction puts this home 17 years older than the comp average, a factor in the pricing. The trend in 78612 shows prices have fallen 7.3% in the past 6 months. 260 OLD HWY 71, Cedar Creek TX 78612 nearby adjusts to $290,406; with a larger floor plan. 7 comparable transactions in RED GULLY CREEK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
3 Beds
2 Baths 2 Full
1,085 Sq Ft
1.819 Acres
1987 Built

About This Property

UNRESTRICTED LAND, close to COTA and the Tesla Factory - as close as you can get to Austin without paying Austin taxes! This property boasts not one, but two potential income streams, with the potential to bring in $78,000 PLUS per year. The 1.89 acres of unrestricted land in Bastrop County's Cedar Creek area is an unbeatable location (close to COTA and the Tesla factory), with a super host rating of 4.94 and over 270 glowing reviews. The potential for income improvements is massive, making this an exciting opportunity for any savvy investor or a resident looking to get into house hacking.
Offering a 3 bedroom 2 bathroom house PLUS a 1 bedroom 1 bathroom tiny home!
This property offers so much more than just a solid investment opportunity. With a charming tiny home perfect for guests, family, or as an income-generating Airbnb, as well as a main home with modern touches and a warm, inviting atmosphere, this is a unique property with endless possibilities. Nestled in an established neighborhood on the outskirts of Austin, the lush greenery surrounding the home and one-of-a-kind layout create a truly special space.
The sleek white kitchen with designer knobs, vaulted ceilings in select rooms, and built-in bookshelves add elegance and charm to the main home, while the fully functional kitchen and designer bath-shower in the tiny home offer a modern meets cabin aesthetic. The outdoor space is just as delightful, with multiple fire pits, seating areas, and even a canvas tent, creating a cozy and inviting atmosphere perfect for entertaining or escaping for some peace and quiet.
This property truly has everything you need and more, making it a must-see for any serious investor. With a lot of interest already, this incredible opportunity won't last long, so don't miss out!

Features

  • Built-in Features
  • High Ceilings
  • Vaulted Ceiling(s)
  • Crown Molding
  • Primary Bedroom on Main
  • Soaking Tub
  • Storage
  • Washer Hookup

Location

Schools

Property Details

Property Type Residential
Flooring Carpet, Vinyl, Wood
Cooling Ceiling Fan(s), Central Air
Heating Central
County Bastrop
MLS # 5262783

Tax Information

Annual Taxes $3,983 (2022)

Listing History

MLS# 5262783 154 days
Sep 20, 2023 Off Market
Jul 28, 2023 Price Change $425,000
Mar 9, 2023 Listed $500,000

Frequently Asked Questions About 362 Old 71, Cedar Creek TX 78612

When was 362 Old 71, Cedar Creek TX 78612 built?

362 Old 71, Cedar Creek TX 78612 was built in 1987.

How much does 362 Old 71, Cedar Creek TX 78612 cost?

362 Old 71, Cedar Creek TX 78612 sold on September 20, 2023. Contact us for sale price details.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.