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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,286 sqft
Price per Sqft $365
Subdivision Forest Hills C
MLS Listing ID 2334925
Sold Date 08/23/23
Bedrooms 6
Full Baths 4
Originating Board actris
Year Built 1952
Annual Tax Amount $13,071
Tax Year 2022
Lot Size 10,737 Sqft
Property Description
Truly one of a kind property on .24 ac lot in the heart of French Place/ Cherrywood in walking distance UT Law School! This home is nestled under a canopy of lush landscaping w a huge front porch w retro iron trellis work! Live in the vintage 1950's 3/1 cottage w gorgeous original hardwood floors, clawfoot tub, casement windows, rounded archways & oversized sleek back deck while you have 3 other rentable areas that bring in income that could offset a huge chunk of your mortgage payment! In total all 4 beautiful areas have separate entrances and are currently rented for $5150 month but several have long term tenants and are under market value. Rent potential is closer to $6450. The character and thoughtfulness to preserve the original features while providing updated modern charm is unbelievable. The alternate living spaces feature sleeping lofts w custom wood ladders, vaulted ceilings, french doors, built in bookcases & wood clad windows! Lot is 75front/79back/155right/130left so many development options! Walk/Bike to UT, Law School, the Drag, 3 min to DT Austin, Ladybird Lake Hike & Bike Trails, Hoovers, Haymaker, Este & tons of yummy coffee shops & restaurants! One of the best streets in the highly coveted French Place/Cherrywood neighborhood as its peaceful & quiet. Super low 1.9 tax rate plus the rental income make this the most affordable and uniquely cool properties you will come across! 4.6% cash on cash cap rate w potential of 6.3% cap w up to date rents. There are also air B&B opportunities or you can combine the areas to accommodate a larger house. Owner agent, all sqft estimated & to be verified by buyer. Leases all end Sept 30th. All appliances convey!
Location
State TX
County Travis
Rooms
Main Level Bedrooms 6
Interior
Interior Features Bookcases, Breakfast Bar, Built-in Features, Ceiling Fan(s), Tile Counters, Gas Dryer Hookup, Eat-in Kitchen, Entrance Foyer, French Doors, In-Law Floorplan, Natural Woodwork, Open Floorplan, Pantry, Primary Bedroom on Main, Soaking Tub, Walk-In Closet(s)
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile, Wood
Fireplace Y
Appliance Cooktop, Dishwasher, Disposal, Gas Range, Microwave, Gas Oven, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Water Heater
Exterior
Exterior Feature Electric Grill, Private Yard
Fence Chain Link, Wood
Pool None
Community Features Curbs, Dog Park, Golf, Walk/Bike/Hike/Jog Trail(s
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront No
Waterfront Description None
View None
Roof Type Composition, Shingle
Accessibility None
Porch Deck, Front Porch
Parking Type Driveway, Off Street
Total Parking Spaces 4
Private Pool No
Building
Lot Description Curbs, Level, Trees-Medium (20 Ft - 40 Ft)
Faces Northeast
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
New Construction No
Schools
Elementary Schools Maplewood
Middle Schools Kealing
High Schools Mccallum
Others
Restrictions Deed Restrictions
Ownership Fee-Simple
Acceptable Financing Cash, Conventional
Tax Rate 1.97
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Keller Williams Realty
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