Fredericksburg TX Luxury Real Estate Reduced 180K to 950K

Posted by George Alexander on Tuesday, April 28th, 2020 at 9:01am.

404 N Milam Fredericksburg | 3.5 blocks to Main ST | 
Renovated & expanded | Luxury home or Potential BNB | Reduced from $1,130,000 to $950,000

Professionally renovated 1,008 SF 1915 home expanded into 3,040 SF luxury property. High end finishes. HGTV style kitchen. Large dining area.  5 ensuite bedrooms. Multiple outdoor living areas including 806 SF of porches and fire pit. Furnishings available. Selling as real estate.  Large parking area. 61 Walk Score. 3.5 blocks from Main ST. Block Group has 58% lower crime index than Fredericksburg! Not in flood zone. 

Investment profile: Operates as Boarding House 1915. BNB advance bookings and deposits convey. HouseCanary projects 5% increase in property value in next 12 months and 10.6% in next 36 months. In affluent and highly educated Northwest Fredericksburg. Northwest Fredericksburg has $1.8M AVG household (HH) net worth vs. $980K across Fredericksburg. Compared to Fredericksburg, Northwest Fredericksburg has: 54% higher $100K HH incomes, 71% higher $500K net worth HHs, 44% higher adults with at least an undergraduate degree.

Showing Instructions: Contact Don Stefanov at 830.998.5677 or don@swpre.com.

 

AERIAL

 

EXTERIOR

 

COMMON AREAS

 

SUITES

 

RESEARCH AND ANALYSIS

 

FOR MORE INFORMATION

Don Stefanov, GRI, ABR, Realtor
Managing Partner
m  +1 830.998.5677
o   +1 830.900.0266
e    don@swpre.com
w   https://donstefanov.swpre.com 



PDF DOWNLOADS

Aerial Pictures Pack    Exterior Pictures Pack       Common Areas Pictures Pack     Suites Pictures Pack    Research & Analysis Pack     Seller's Disclosures

 

GILLESPIE CENTRAL APPRAISAL DISTRICT 

Owners: Dos Phillips, Inc.

Property Address: 404 N Milam ST, Fredericksburg, TX 78624

Legal:

Property ID: 26385
Geographic ID: S1700-0010-000200
Legal Description: WALTER BLK 1 LOT 2-PT
Subdivision: Walter
Neighborhood: City Northwest

Improvements (3,040 HVAC SF):

Main Area (built in 1915): 1,008 SF | 93.65 m2
Main Area (built in 2016): 1,456 SF | 135.27 m2
Main Area Half Story (no year built reported): 576 SF | 53.51 m2
Open Porch (built in 2016): 358 SF | 332.6 m2
Open Porch (built in 2016)
: 256 SF | 23.78 m2
Open Porch (no year built reported): 256 SF | 23.78 m2
Open Porch (built in 2016): 36 SF | 3.34 m2
Open Porch 2nd Story (built in 2016): 36 SF | 3.34 m2

Land:  0.2964 acres |  12,911 SF |   1,199.5 m2 |   0.1199 hectares*
*SF, m2 & hectares estimates by SWPRE 

Property Taxes:

2019 Taxes without Exemptions
: $10,437
Tax Rate: 1.7868
Exemptions: None

HOA: None

Schools:

District: Fredericksburg ISD
Elementary: Fredericksburg
Middle: Fredericksburg
High: Fredericksburg


DIRECTIONS

0.3 MI from Downtown Fredericksburg Main ST (US 290) at Milam ST 

Travel north on Milam ST 0.3 MI
Property on left with sign

Google Map link

 

3% BUYER BROKER COMMISSION

Only requirements for payment of 3% buyer broker commissions: Texas Broker License and submit contract that escrows, closes and funds.

 

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