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7402 Geneva Dr, Austin, TX 78723
$825,000
7402 Geneva Dr, Austin, TX 78723View this property at 7402 Geneva Dr, Austin, TX 78723
7402 Geneva DrAustinTX78723
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Property Description
Great income producing investment duplex in coveted University Hills, ideally situated next to major highways IH-35, Highway 183 and 290 sitting on over a quarter acre and a Low Tax Rate of 1.9%. Earnings 2023 = $45,000. Can also be an AIRBNB with City Approval. 5% down if you plan to live in one unit and rent the other one out. Enjoy ownership of this 4 bedroom 4 bathrooms 2 laundry rooms and 2 car garage duplex in an established neighborhood with mature trees and parks perfect for families, with a deck overlooking Walnut Creek perfect for entertaining and relaxing while enjoying the outdoors. Recent renovations include roof replacement, updates to the bathrooms and laundry rooms and a new AC unit. Just under 10 minutes to downtown Austin, UT, Austin Community College, Domain in North Austin giving you a variety of restaurants and shopping options, Austin FC Stadium and major tech company employers. For a savvy investor this positive cashflow property offers a promising opportunity to make your own interior cosmetic updates for instant value add and rent increases in this quiet family neighborhood with no HOA and a ton of new construction development. The property has 2 leased Units with long-term tenants and leases end in March 2024 and July 2024: Unit A (2-2, separate Laundry Room + 1 car garage) & unit B (2-2, separate Laundry Room + 1 car garage). Don't Miss Out! Lenders available.
Full Property Details
Full Property Details for 7402 Geneva Dr
General
- Price: $825,000
- Taxes: $11,831 (2023)
- Status: Active
- Type: Duplex
- MLS ID: 2220916
- Updated: 3/15/2024
- Added to Site: 77 day(s) ago
Interior
- Interior Features: 2 Primary Baths, 2 Primary Suites, Breakfast Bar, Quartz Counters, Electric Dryer Hookup, Open Floorplan, Primary Bedroom on Main, Washer Hookup
- Appliances: Convection Oven, Cooktop
- Flooring: Vinyl
Rooms
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: BBQ Pit/Grill, Park, Picnic Area, Playground
- Security/Safety: Varies By Unit
- Equipment: Dryer Connections, Washer Hookup
- Other Features: Garage(s)
Exterior
- Exterior Features: Exterior Steps, Gas Grill
- Deck/Patio: Deck
Parking
- Garage: Yes
- Covered Spaces: 2
- Parking Features: Driveway, Garage, Off Street
Location
- Area: 3
- County: Travis
- Subdivision: University Hills Sec 04 Ph 04
- Driving Directions: From downtown Austin on IH-35, take US-290 East, Exit 238B, Take Berkman Dr, Right onto Geneva Dr. Destination is on your right.
- Direction Faces: North
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Andrews
- Middle School: Pearce Middle
- High School: Lyndon B Johnson (Austin ISD)
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Above Ground, Electricity Available, Electricity Connected, Internet-Cable, Sewer Available, Sewer Connected, Water Available, Water Connected
- Metering: Electric Separate, Water Common
Structural Information
- Exterior Const.: Brick
- Foundation: Slab
- Roof: Shingle
- Windows: Screens
- Disability Access: Common Area, Accessible Doors
- Square Feet: 2,044
- Living Area: 2,044 Sq. Ft.
- Year Built: 1985
- Property Condition: Resale
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.3704
- Lot Size (Sq. Ft.): 16,134.62
- Lot Features: Few Trees, Level, Private
- Lot Description: Few Trees, Level, Private
Water Features
- Water Front View: None
Financial Considerations
- Lot Price Per Sq. Ft.: $51.13
- Tax Amount: $11,831.37
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.25%
- Documents Avail.: Leases, Survey
- Restrictions: City Restrictions, Zoning
- Property ID: 2262204140000
Listed by Spyglass Realty
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Schools
Schools serving 7402 Geneva Dr
School District:Austin Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
6801 Northeast Dr, Austin, TX 78723 | PK-5 | 0.4 mi | |
601 E Saint Johns Ave, Austin, TX 78752 | 6-8 | 1.9 mi | |
7309 Lazy Creek Dr, Austin, TX 78724 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7402 Geneva Dr
Date
Details
Price
Change
Source
3/03/2024
Listed
$825,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7402 Geneva Dr
Year
Property Taxes
Change
Tax Assessment
Change
2022
$10,467
—
$653,939
6%
2022
$10,467
22%
$616,127
55%
2021
$8,565
6%
$396,585
9%
2020
$8,089
4%
$363,300
—
2020
$7,792
24%
$363,300
27%
2018
$6,272
42%
$285,562
11%
2016
$4,429
-23%
$258,302
30%
2017
$5,760
48%
$198,589
18%
2015
$3,880
2%
$168,997
8%
2013
$3,808
-7%
$156,000
1%
2014
$4,103
—
$154,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7402 Geneva Dr
7402 Geneva Dr, Austin, TX 78723 (MLS# 2220916) is a Duplex property with 0 bedrooms and 0 full bathrooms. 7402 Geneva Dr is currently listed for $825,000 and was received on March 03, 2024. Want to learn more about 7402 Geneva Dr? Do you have questions about finding other Duplex real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.