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$695,000   Price Analysis
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8503 Colony Loop Dr
Austin, TX 78724
8 bed 4 bath 3,120 SqFt ($222/SqFt)
0.31 acre lot. Built 1984
Listed 2024-06-11, Taxes $11,709
Ⓧ USDA Ineligible
due to location

near Austin

Great corner lot within sight of the Travis County Expo Center and less than a mile to the 203-acre Colony Park development project!

With 3 of the four units at under market rents and the building and interiors in good condition this is an easy project to add value and cashflow for first-time investors and seasoned pros alike.

Set up shorter rentals for major Expo events like the Austin Rodeo or tradtional annual leases at market rates to improve cashflow in the property.


Presented by Jacob Rodriques Pereira at
North Loop Realty.


Property MLS #2900562 from UnlockMLS

Bedrooms: 8

Total Bathrooms: 0
Full Bathrooms: 4

Cooktop
Dishwasher
Disposal
Electric Range
Laundry Features: In Unit

Primary Bedroom, Bedroom, Bathroom, Kitchen, Storage

Cooling Features: Central Air
Heating Features: Central

Flooring: Tile, Vinyl

Stream

Patio And Porch Features: Front Porch

Lot Description: Corner Lot, Wetlands
Lot Size Acres: 0.3075
Lot Size Square Feet: 13395

Parking Features: Off Street
Parking Total: 8

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Overton
High School: Lyndon B Johnson (Austin ISD)
Middle School: Dobie (Austin ISD)
School District: Austin ISD

Overton Elementary School is a public elementary school located approximately 0.7 miles away.
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Lbj High School is a public high school located approximately 2.2 miles away.
directions icon Map directions

Dobie Middle School is a public middle school located approximately 5.2 miles away.
directions icon Map directions

Praise Christian Academy is a private elementary school located approximately 2.5 miles away.
directions icon Map directions

Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit-1 Furnished Description: Unfurnished
Unit-2 Furnished Description: Unfurnished
Unit-3 Furnished Description: Unfurnished
Unit-4 Furnished Description: Unfurnished
Unit 1 Total Actual Rent: 1145.00
Unit 3 Total Actual Rent: 1045.00
Unit 4 Total Actual Rent: 1411.00

Annual Tax Amount: 9597.84
Tax Block: C
Source Listing Status: Active
County: Travis
Directions: East on Loyola, North on Decker, right on Colony Loop. It's the first fourplex on the left.
Tax Year: 2024
Source Property Type: Residential Income
Area: 3E
Source Neighborhood: Colony Meadows Sec 01
Parcel Number: 2174002030000
Subdivision: Colony Meadows Sec 01
Flood Plain: No
Property Subtype: Quadruplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$429,532 + $75,000
$504,532
$11,709
2022$392,728 + $25,000
$417,728
$10,982
2021$264,448 + $25,000
$289,448
$9,843
2020$264,448 + $25,000
$289,448
$6,208
2019$227,886 + $25,000
$252,886
$6,357
2018$157,114 + $25,000
$182,114
$5,886
2017$157,316 + $25,000
$182,316
$4,061
2016$95,198 + $31,250
$126,448
$4,186
2014$106,646 + $26,563
$133,209
$3,381
2014$105,903 + $26,563
$132,466
$3,152
2013$68,537 + $26,563
$95,100
$3,222
2012$unknown + $unknown
$95,100
$2,265
2011$unknown + $unknown
$166,500
$4,159
2010$unknown + $unknown
$179,469
$3,673
2009$unknown + $unknown
$179,469
$3,910
2008$unknown + $unknown
$181,821
$3,864

Listed 2024-06-11
$695,000
UnlockMLS
Listed 2020-09-14
$435,000
UnlockMLS
Sold 2020-08-25
$0
UnlockMLS
Price Changed 2020-06-19
$435,000
UnlockMLS
Listed 2020-06-05
$425,000
UnlockMLS
Sold 1997-03-03
$0
Public Record

Total Square Feet Living: 3120
Year Built: 1984
Construction Materials: Masonry Partial, Wood Siding
Direction Faces: North
Foundation Details: Slab
Levels: Two
Living Area Source: Public Records
Property Age: 40
Roof: Shingle
Year Built Source: Public Records

Sewer: Public Sewer
Cable Connected
Electricity Connected
Internet-Cable
Sewer Connected
Water Connected
Water Source: Public

Other Equipment: Dryer Connections, Electric Dryer Hookup, Washer Hookup
Click Thumbnail Images To View Full Size
house_viewunknownunknownporchliving_room
living_roomliving_roomunknownunknownkitchen
unknownkitchenkitchenkitchenbedroom
bedroombedroomunknownunknownbathroom
bathroombedroombedroombathroomunknown
unknownlaundry_roomliving_room

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.