Austin Deal of the Week: Legend Oaks Investment Gem

Alright, let’s dive into an unfiltered analysis of whether buying this house at 6004 Open Range Trail in Austin, Texas, is a smart move. This property has seen a significant price drop from $575,000 to $497,000 in just a month—a whopping $78,000 reduction. With 4 bedrooms, 2 bathrooms, and 1,886 square feet of space, it’s a sizeable home built in 1984. However, it’s clear from the get-go that this house wears its age on its sleeve.

First up, the visuals. The photos, albeit professional, don’t do it any favors. Without staging, it’s hard to envision living here. The décor screams decades past, with an abundance of brown, an antiquated kitchen, popcorn ceilings, and outdated light fixtures. It’s like taking a time machine back to the 80s, and not in a cool, retro way. The kitchen, in particular, boasts a range that might have been the height of technology when Madonna was topping the charts but is now just a relic.

Highlights

  • – Wooded Lot
  • – Main Floor Primary Bedroom
  • – No HOA
  • – Patton Elementary School Rated A-
  • – Private Yard
  • – Large Price Drop

The drastic price cut signals a couple of possibilities: either the initial price was a shot in the dark, or the sellers are eager to move on. Either way, it hints at room for negotiation.

Comparing it to a nearby property on Cannon Mountain Drive that’s slightly smaller but recently went under contract while priced at $479,000, it seems our Open Range Trail house might still be overpriced, even after the reduction. Considering the condition and market comparisons, an aggressive yet potentially realistic offer would be in the $420,000 to $450,000 range. This would leave some wiggle room for renovations, especially if you’re eyeing a modern kitchen or other significant updates.

The location is a strong selling point. Nestled by 290 and Mopac, it’s a stone’s throw from downtown and has easy access to highways, making both the urban jungle and peaceful countryside readily accessible. The area’s popularity is on the rise, boosting its potential as a savvy investment.

So, here’s the deal: snatching it up for anything between $420,000 and $450,000 could be a steal. Landing it for between $460,000 and $480,000? Still a decent deal, allowing for some updates to make it your own. Plus, the fast-appreciating zip code and the home’s potential for value increase make it an attractive prospect for those willing to invest in its revival.

Bottom line: With some negotiation and investment in updates, this could turn from a so-so listing into a gem in a sought-after area. Just be prepared to bring it into the 21st century.

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Recommended Realtor®

Amy Seely

Founder, Broker, CODA, Realtor®

Amy Seely, a top Austin real estate broker, excels in the local market with 50-75 personal sales and over 200 team sales annually. Honored by the Austin Business Journal and with the Platinum Top 50 award, her commitment to excellence, clear communication, and personalized client service has built a referral-based business. Trust Amy for unparalleled real estate expertise in Austin.

John Steele

Realtor® at The Seely Group

With a passion for helping people and a keen eye for detail, John excels in guiding families through the pivotal moments of buying or selling a home. Specializing in strategies that make your property stand out, including complimentary staging and pre-inspections, he ensures you get the best value in your real estate journey.

Crystal Kilpatrick

Realtor® at Crystal Kilpatrick Group, Keller Williams Luxury International

From the first time you meet Crystal, you will feel at ease with her professional and personable working style and feel confident in her ability to represent your best interests throughout the real estate transaction. Crystal is committed in both time and effort to take you from the beginning to the end of the process with attention to every detail. Working with her, you can expect dependability and honesty with the highest standard of integrity!

Listing description

PRICE IMPROVEMENT! Enjoy living in the heart of the Legend Oaks neighborhood! This 4-bedroom, 2-bathroom home boasts many features that showcase its charm. A creative touch of style and updating would bring this home to life.

As you step inside, cathedral ceilings in the family room create an airy and spacious atmosphere. The focal point of the living area is the brick fireplace with gas logs, perfect for cozy evenings by the fire. A gas range in the kitchen is the perfect complement to the double ovens for preparing a delicious home-cooked meal. Two dining areas are available to choose from: the informal breakfast table in the kitchen or the larger dining room just off the kitchen, adjacent to the family room.

The generously-sized primary bedroom has access to the rear patio and a large ensuite bath, complete with a jetted tub, double vanity, and walk-in closet. Every room in this home features walk-in closets, providing ample storage space to keep your belongings organized and easily accessible. Ceiling fans and blinds enhance comfort and privacy throughout.

Outdoor living could be enhanced by accenting the large back patio with shrubs and flowers under the shade of the large tree. Bringing in a table and chairs for outdoor dining in the evenings would be perfect. All these features add to the appeal of this classic home, which just needs a little shine to make it sparkle again. Its great location in a desirable neighborhood with close proximity to schools makes this home a must-see to appreciate. Schedule your viewing today and prepare to fall in love with your new home!

Listing Agent: Dee Rodgers
(512) 668-4787
RE/MAX Freedom
License #0699541

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
Primary bedroom
  • Dimensions: 18.3X 12.6
Family room
  • Dimensions: 18.8X24.2
Kitchen
  • Dimensions: 12X13
Flooring
  • Flooring: Carpet, Ceramic Tile
Heating
  • Heating features: Central, Electric
Cooling
  • Cooling features: Central Air, Electric, 1 Unit
Appliances
  • Appliances included: Double Oven, Dishwasher, Gas Cooktop, Some Gas Appliances, Built-In Oven
  • Laundry features: Inside
Interior features
  • Interior features: Ceiling Fan(s), Cathedral Ceiling(s), Dining Area, Separate/Formal Dining Room, Double Vanity, Jetted Tub, MultipleDining Areas, Pull Down Attic Stairs, Separate Shower, Walk-In Closet(s), Breakfast Area
Other interior features
  • Total interior livable area: 1,886 sqft
  • Total number of fireplaces: 1
  • Fireplace features: Living Room, Masonry
  • Attic: Pull Down Stairs

Property

Parking
  • Total spaces: 2
  • Parking features: Garage
  • Garage spaces: 2
  • Covered spaces: 2
Property
  • Levels: One
  • Stories: 1
  • Pool features: None
  • Exterior features: None
  • Fencing: Back Yard
  • View description: None
  • Waterbody name: None
Lot
  • Lot size: 0.27 Acres
Other property information
  • Parcel number: 318459

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence
Material information
  • Construction materials: Brick, HardiPlank Type
  • Foundation: Slab
  • Roof: Composition,Shingle
Condition
  • Property condition: Resale
  • Year built: 1984

Utilities & green energy

Utility
  • Sewer information: Public Sewer
  • Water information: Public
  • Utilities for property: Natural Gas Available, Trash Collection Public

Community & neighborhood

Community
  • Community features: Playground, Trails/Paths
Location
  • Region: Austin
  • Subdivision: Village At Western Oaks 07

HOA & financial

HOA
  • Has HOA: No
 

Other

Other facts
  • Listing agreement: Exclusive Right To Sell
  • Listing terms: Cash,Conventional
 

Nearby schools

GreatSchools rating
Schools provided by the listing agent
  • DistrictAustin ISD

Source: Central Texas MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

 
About GreatSchools

The GreatSchools Summary Rating is based on several metrics.

About the ratings: GreatSchools Ratings are designed to be a starting point to help parents compare schools, and should not be the only factor used in selecting the right school for your family. Zillow and GreatSchools recommend that parents tour multiple schools in-person to inform that choice. As of October 2020, the GreatSchools Ratings methodology continues to move beyond proficiency and standardized test scores. The latest methodology prioritizes student growth through measures of equity and school quality.Learn more

Disclaimer: School attendance zone boundaries are provided by a third party and are subject to change. They are not guaranteed to be accurate, up to date, or complete. Check with the applicable school district prior to making a decision based on these boundaries.

Data from Zillow, Central Texas MLS, GreatSchools and other data sources

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