6 months on rocket

8503 Colony Loop Dr, Austin, TX, 78724

$695,000

Home List Price

$8,253*

Closing Credit

0 Baths
3,120 SqFt
$223/SqFt
Multi

Location

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8503 Colony Loop Dr, Austin$695,000

Buyer Closing Credits

$8,253*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOff Street
Year Built1984
HeatingCentral
CoolingCentral Air
WaterfrontStream
ViewNone
MLS #2900562
Lot Size0.31 Acres
StatusActive

About 8503 Colony Loop Dr

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 traditional annual leases at market rates to improve cashflow in the property.

Property Details

Property Features

Property Information:

  • Year Built: 1984
  • Stories: 2
  • Living Area: 3,120 SqFt

Listing Office:

  • Office Name: North Loop Realty
  • Office Phone: (512) 576-7249
  • Listing Agent: Jacob Rodrigues Pereira

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Electric Range, Disposal
  • Flooring Type: Tile, Vinyl
  • Interior: None, Storage

Exterior Features

Exterior Information:

  • Waterfront: Stream
  • View: None
  • Exterior: Balcony

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Corner Lot, Wetlands
  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: East on Loyola, North on Decker, right on Colony Loop. It's the first fourplex on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $695,000
  • Price Per SqFt: $223/SqFt

Tax Information:

  • Annual Amount: $6,445
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Austin, TX.

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Austin, TX

City

Med. Sold Price

$567.4K

Med. Price/SqFt

$308

Avg. Days On Market

74

# of Sold Homes

602

8503 Colony Loop Dr vs Austin

189 DAYS ON ROCKET

+115 Days

$695,000

+$127.5K More

$223/SqFt

-$85 Less

KEY TAKEAWAY

This property is $127.5K more than the Median Sold Price and $85/SqFt less than other homes in Austin, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ACTRIS
  • MLS Number: #2900562

Listing Office:

  • Office Name: North Loop Realty
  • Office Phone: (512) 576-7249
  • Listing Agent: Jacob Rodrigues Pereira

IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2024 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/18/2024, 7:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,445$289,448
2019$6,208$289,448
2018$4,032$252,886
2017$4,066$182,114

History based on county public records data.

Payment Calculator

$3,536

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,150

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4453237
5
/10

  • Overton Elementary School

  • 7201 Colony Loop Dr

  • 0.69 miles

  • Public District Grades EE-5

school-card-donut-4453238
3
/10

  • Oak Meadows Elementary School

  • 5600 Decker Ln

  • 1.08 miles

  • Public District Grades PK-5

school-card-donut-4453239
4
/10

  • Barbara Jordan Elementary School

  • 6711 Johnny Morris Rd

  • 1.28 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,602. The most common annual income of people living in Austin, TX is less than $35k. Typical family type is single, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Travis County›Austin›78724›8503 Colony Loop Dr

This home is located at 8503 Colony Loop Dr in Austin, TX and zip code 78724 in the Colony Park neighborhood. This 3,120 square foot home, which was built in 1984, sits on a 0.31 acre lot. It has been listed on Rocket Homes since June 11, 2024 and is currently priced at $695,000.

While more than 59 listings in Austin, TX in November 2024 were sold above asking price, there were more than 96 listings sold at asking price, and more than 446 were sold below. In November 2024 in Austin, TX there were 1.1% less homes for sale than in October 2024. While the average time on the market in November 2024 was 74 days, the median list price was $567,441.

From Rocket Homes Real Estate and based on county public records data.

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