ActiveResidential · sale

1187 Oak Grove

Austin, TX 78702

$833,000

  • 3 beds
  • 3 baths
  • 1,915 sq ft
  • 0.08 acres
  • Built 2020

Listed by Compass RE Texas, LLC · MLS #ACT9485079

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

While upstairs the primary bedroom and bathroom are a true retreat with a large walk-in shower, rain shower head, walk-in closet/dressing room and balcony.

Year built

Built in 2020.

Property size

0.08 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Also for lease at $5600/month. This Single-family home built by renowned builder Habitat Haus, defines urban and walkable living in the heart of East Austin without compromising on luxury and privacy. The exterior is modern and warm and this is reflected on the interior. This home is not only aesthetically pleasing but also energy-efficient. Equipped with solar panels, Tesla car charger and two Tesla Powerwalls make for very low energy costs. Step through the custom steel front door and be greeted by the stunning hardwood floors that flow throughout the open-concept living area and kitchen with huge windows to give you views of the 100 year old Oak tress. The high ceilings create an airy and spacious ambiance, while the abundance of natural light showcases the beauty of this home. On the ground floor you will also find one bedroom with a full bathroom. While upstairs the primary bedroom and bathroom are a true retreat with a large walk-in shower, rain shower head, walk-in closet/dressing room and balcony. The 3rd bedroom also upstairs with its cathedral ceilings and private full bathroom is one of a kind. The lot includes xeriscaping and a sprinkler system for the front yard so you can enjoy low-maintenance beauty year-round. The property also features a private front 6 ft metal fence with drive and walk-in gate, Ring doorbells, hardwired security cameras and security system, Nest thermostats, Nest smoke/carbon monoxide detectors, and caisson foundation to protect heritage trees and provide excellent structural support (builder warranty until 2030). Located just minutes from downtown Austin, walk to some of the best coffee shops and restaurants in the city (Birdie's, Nixta) . Walk or bike the nearby trails to Ladybird Lake. This is a great opportunity to invest in your future in one of the hottest locations in Austin.

THE NEIGHBORHOOD

Explore the location.

1187 Oak Grove, Austin, TX 78702

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Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2020
Full baths
3
Half baths
0
Garage spaces
0
Cooling
Central Air, ENERGY STAR Qualified Equipment
Heating
Central, ENERGY STAR Qualified Equipment, Heat Pump
Appliances
Dishwasher, Disposal, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, Exhaust Fan, Ice Maker, Instant Hot Water, Gas Oven, Free-Standing Gas Range, RNGHD, Refrigerator, Free-Standing Refrigerator, Tankless Water Heater, Washer/Dryer, Water Heater, Wine Refrigerator
Flooring
Tile, Wood
Fencing
Back Yard, Front Yard, Wood, Wrought Iron
Accessibility
Accessible Entrance
Pool features
None
Subdivision
HOMEWOOD HEIGHTS
Parcel
02091406510000
Elementary school
Oak Springs
Middle school
Kealing
High school
Eastside Early College
Annual property tax
$17,959.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$3,470.83
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1187 Oak Grove, Austin, TX 78702 · MLS #ACT9485079

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Listing information

MLS #ACT9485079 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Shoshone Sky

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.