Hi Mason, Rivercrest has run behind other Westlake submarkets over the past 3 years. While 12-14% is an exceptional number in terms of appreciation, most others saw 20%. Over the next 5 years this trend shifts in your favor
Given limited baseline pricing in Westlake, the older neighborhoods in Westlake will see a high rate of transition over the next 5 years as well as much higher appreciation. New builds and extensive remodels in communities like Rivercrest will pick up considerably, leading to strong appreciation.Additionally Rivercrest will pull back on values less compared to other parts of Westlake over the next 12 months. Looking into 2024 you will be leading edge for the area in terms of appreciation. Strategically, we would be looking for ways to add creative value. Doing an extensive outdoor living space/landscape work, or larger renovation job inside will yield strong numbers when you look to sell.
Allandale 10 Year Performance
AnnualAppreciation
1Year 6.5% 2Year 12.71% 5Year 20.38% 10Year 8.39%
Secondary Property:400 Shant St,Austin,TX
This has been a good rental.Assuming you are cashflowing positive.Appreciation will be 6% annualized over next 2 years, but will taper off after that given you will hit the cap on growth. Our recommendation would be to offload prior to that cap, and go into other areas with higher returns, or leverage the equity to do some renovations on Rivercrest.
Avg
$2,195,000 $2,200,000 $1,950,000
Med $2, 115,000
$2,195,000
$2,209,176 $2,260,000
Presented by: Bradley Baker Copyright: 2022 All rights reserved. This represents an estimated sale price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice
Details
6620 Dogwood Creek DR
3190356
Closed Austin Davenport West Sec 05 Ph 02 Eanes ISD
Single Family Resi 4,001 1997 4 4 0 Slab Masonry-Partial, Stucco Composition 2 / Driveway, Garage Faces Front 1 / Family Room Carpet, Tile, Wood
Details
2901 Rivercrest DR 8264458 Closed Austin Rivercrest Add Sec 01 Eanes ISD
Single Family Resi 2,160 1981 3 2 1 Slab Brick Composition 2 / Garage, Garage Door Opener
3 / Living Room, Outside, Primary Bedroom Carpet, Wood
Details
3511 Rivercrest DR 7714585 Closed Austin Rivercrest Eanes ISD
Single Family Resi 3,300 1985 4 3 1 Slab Frame, Masonry-Partial, Siding-Wood Metal 2 / Attached, Door-Single, Garage, Garage Faces Front 1 / Living Room, Wood Burning Tile, Wood
Built-In Oven(s), Dishwasher, Disposal, Gas Cooktop
Ceiling(s)-High, Crown Molding, Eat-in Kitchen, Entrance Foyer, Multiple Living Areas, Primary See Remarks
24,829.200
Convection Oven, Dishwasher, Disposal, Propane Cooktop, Range Free-Standing Gas, Refrigerator, Breakfast Bar, Ceiling(s)-High, Counter-Granite, French Doors, Kitchen Island, Pantry, Walk-In Balcony, Barbecue
32,757.120
Dishwasher, Electric Range, Oven, Oven Free-Standing Electric, Refrigerator, Stainless Steel
Built-in Features, Ceiling Fan(s), Ceiling(s)-High, Ceiling(s)-Vaulted, Dryer-Electric Hookup, French Balcony, Exterior Steps
15,246.000
Central Central Air Public Public Sewer $2,200,000 $549.86
Corner Lot, Views, Waterfall Wrought Iron
Central, Propane Central Air Private Septic Tank $2,195,000 $1,016.20
Gentle Sloping None Central, Electric Central Air, Electric Private Septic Tank $1,950,000 $590.91
Back to Park/Greenbelt, Landscaped, Level, Sprinkler - Automatic, Sprinkler - In-ground , Trees-Large (Over 40 Ft), Views Wrought Iron
Information Deemed Reliable But Not Guaranteed. Buyer Must Verify. Copyright © 2022 Austin Board of REALTORS(®), All rights reserved.
