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$1,985,000

3304 Cherry Tree Cir, Austin, TX, 78731

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths3,881 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$511.47 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Electric Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Double Oven, Stainless Steel Appliance(s), Water Heater
FlooringCarpet, Marble, Wood

Exterior

Private PoolPrivate Pool
Lot Size16,130 sqft

Building Information

Year Built1956
Stories1
Roof Type183
Garage Spaces3

Land Information

APN01260503120000
Lot Number8
SubdivisionBalcones Park Addn Sec 6
Land UseResidential
Legal DescriptionLOT 8 BLK P BALCONES PARK ADDN SEC 6
Census Tract000102
Assessed Land Value$982,258
Assessed Improvement Value$413,061
Assessment Year2025

About this property

Perched above a quiet cul-de-sac in coveted Balcones Park, 3304 Cherry Tree Circle is a remarkable mid-century residence designed by renowned architect Leonard Lundgren, whose work includes the iconic Holiday Inn on Town Lake built in 1964 - one of the first cylindrical hotels ever built. Thoughtfully designed to embrace its natural surroundings, the home features a dramatic main living area with Crema Marfil marble floors and a wall of windows that frames the lush yard below and fills the space with natural light. Offering 3 bedrooms, 2.5 baths, and 3 distinct living areas, the flexible floor plan is ideal for both entertaining and everyday living. The second living room features a marble fireplace and custom built-ins. The third living room provides the perfect setting for a home theater, game room, or playroom. At the heart of the home, the gourmet kitchen is outfitted with stainless-steel appliances, walnut and stainless countertops, a BlueStar range top with integrated grill, Miele ovens / dishwasher and a Sub-Zero refrigerator / freezer. The expansive primary suite is a private retreat featuring a beautiful stone fireplace, abundant closet space, and a spa-inspired bath complete with a centrally positioned soaking tub and separate walk-in shower. Outdoor living is equally impressive with a private rear patio featuring a Dacor gas grill, hot tub, and FARinfrared sauna. A rare architectural offering in one of Austin's most sought-after neighborhoods, this distinctive home combines timeless Mid-Century design with exceptional amenities and an unbeatable Balcones Park location. Enhanced landscaping plans are available by Lionheart with offices in Austin, Aspen, and Basalt.

Investor Tools

Property Icon
$2,400,000
Estimated Property Value
$840,000Estimated Mortgage Balance
$1,688,417Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,400 /month
Positive
Cash Flow Estimate:
$4,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,509/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,103
$1,395,319
2025
$982,258
$413,061
$1,395,319
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,103
$1,395,319

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Verabank Na
Unknown
$840,000
No
First
Nov 17, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$716,465
$1,409,535
66%
30%
$5,037/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,110/mo
$5,037/mo
$-2,927/mo
1.1%

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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3304 Cherry Tree Cir | Property Details | No Agent List