ActiveResidential · sale

102 LUTHER DR

Olmos Park, TX 78212

$950,000

  • 4 beds
  • 4 baths
  • 3,248 sq ft
  • 0.22 acres
  • Built 1940

Listed by Phyllis Browning Company · MLS #1965035

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PROPERTY QUESTIONS & SHOWINGS

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102 LUTHER DR, Olmos Park, TX 78212 · MLS #1965035

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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

The nearly 300-square foot casita features a full kitchen and bathroom, perfect for relatives, separate office space, or a future pool house.

Year built

Built in 1940.

Property size

0.22 acres listed.

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

THE PROPERTY

Get to know the property.

This stunning Olmos Park home features luxury finishes, and a main floor primary suite, while maintaining its historic charm. Built in 1940, the original wood floors and light fixtures provide a warm welcome to your new home, which has been completely rejuvenated with an outstanding layout. The new custom kitchen cabinets and vent hood match the history of the home, while combining with new appliances, countertops and a massive hidden pantry to complete a jaw-dropping space for your family. The large living and dining rooms are perfect for entertaining. The crown jewel of the property may be the enormous main floor primary suite. Complete with an oversized en suite, the space also comes complete with two walk-in closets - the second of which also has a "hidden" storage area that could be perfect for a safe. Upstairs, you'll find a flex space which features a second laundry closet, along with three large bedrooms. One features a second en suite, while the other two share an adorable "Jack & Jill" bathroom. Outside, you'll find a brand new 8-foot privacy fence, fully enclosing the backyard. The nearly 300-square foot casita features a full kitchen and bathroom, perfect for relatives, separate office space, or a future pool house. The entire property features new landscaping throughout. The attached porte cochere is also new, highlighting a massive driveway which easily accommodates 7 vehicles. Welcome home!

THE NEIGHBORHOOD

Explore the location.

102 LUTHER DR, Olmos Park, TX 78212

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LOCAL MARKET CONTEXT

Bexar County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$289,488Down 1.0% vs. the previous 12 months
Months of supply5.712-month average
Days on market8512-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1940
Full baths
3
Half baths
1
Cooling
Two Central
Heating
Central, None
Flooring
Ceramic Tile, Wood
Exterior
Stone/Rock
Pool features
None
Subdivision
OLMOS PARK
Parcel
057000250011
HOA amenities
None
Elementary school
Cambridge
Middle school
Alamo Heights
High school
Alamo Heights
Annual property tax
$17,119.00

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$1,428.83
Estimated monthly rent$3,958.33
Cap rate2.05%

Annual operating income: $19,520.97

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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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
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Listing information

MLS #1965035 · San Antonio Board of Realtors

Listing brokerage: Phyllis Browning Company
Listing agent: Samuel Tripp

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