This new Tarrytown home boasts a big basement surprise

3612 Enfield Rd. is currently listed at $1,900,000.Photo courtesy of Realty Austin
3612 Enfield Rd. features an open floor plan.Photo courtesy of Realty Austin
The full master suite.Photo courtesy of Realty Austin
The master bathroom is located on the second floor.Photo courtesy of Realty Austin
This outdoor entertaining area is only accessible through the master suite.Photo courtesy of Realty Austin
3612 Enfield Rd., features a full basement suite.Photo courtesy of Realty Austin
The basement suite features a spare bedroom.Photo courtesy of Realty Austin
The basement suite even contains its own outdoor space.Photo courtesy of Realty Austin
3612 Enfield Rd. boasts a beautiful backyard, perfect for entertaining.Photo courtesy of Realty Austin

It's no secret that Austin has seen a great deal of growth over the last couple of years. Families young and old have flocked to the city for the growing job market and competitively priced real estate market. However, that influx has also begun to create some overcrowding issues, driving up cost of living and density, especially in downtown Austin. This new Tarrytown home, at 3612 Enfield Rd., has a creative solution: a basement suite.

Don’t let the small exterior of this home fool you: Inside are 3,475 luxuriously designed and decorated square feet. Built by Spotterworks, 3612 Enfield Rd. contains four bedrooms and three-and-a-half bathrooms. The property features white oak floors, Italian marble countertops, and French doors leading directly from the master bedroom to an outdoor veranda. There is also a beautifully constructed deck that makes for a lovely outdoor entertaining space.

This home was crafted specifically for the purpose of saving space. Instead of “building up,” the home builds down into a full basement suite with high ceilings, a spare bedroom, bathroom, and beverage station. Not to mention the suite boasts its very own entrance and outdoor space.

There are many homes attempting to maximize space on the Austin market, but few have done so as beautifully and effectively as this one.

3612 Enfield Rd. is currently listed at $1,900,000 with Jen Butel and Beverly Williams of Realty Austin. An open house will be held Sunday, January 22, 1-3 pm.

It takes Texans eight workdays each month to unlock homeownership. Photo by Jakub Żerdzicki on Unsplash

For homebuyers, a mortgage payment is likely their biggest monthly expense. Fortunately, Texas sits below the national average for the number of workdays required per month to afford a monthly mortgage payment, according to a new analysis from Realtor.com.

In Texas, it takes eight workdays to come up with enough money for a typical mortgage payment, the analysis shows. The national average is 10 days.

Realtor.com’s estimate for Texas is based on the median list price for a home in February ($355,000) and assumes a 6.65 percent interest rate on a 30-year, fixed-rate mortgage with a 20 percent down payment. The analysis factors in property taxes and insurance premiums using a 1.7 percent annual rate. January wage data from the U.S. Bureau of Labor Statistics rounded out Realtor.com’s calculation of the eight-workday figure for Texas.

“The number of workdays required to afford a home today stems from a couple factors. First, home prices have risen faster than incomes, widening the gap between earnings and housing costs. Second, elevated mortgage rates have increased borrowing costs, further stretching monthly budgets,” says Charlie Lankston, executive editor of Austin-based Realtor.com. “As a result, prospective buyers must allocate more of their income, and consequently, more workdays each month, to afford mortgage payments.”

Mortgage payments are a concern for many homeowners. In a 2024 survey commissioned by personal finance website Bankrate, 13 percent of homeowners complained that their mortgage payment was too high. Nonetheless, 74 percent of first-time homebuyers indicated in a recent TD Bank survey that they were optimistic about today’s housing market.

Despite the optimism about the market overall, 64 percent of buyers surveyed by TD Bank were worried about their ability to afford a home due to current interest rates.

In the Realtor.com analysis, Texas fares much better than many other states. What follows are the four states where it takes the most workdays to afford a monthly mortgage payment:

Hawaii — 17 days
California — 15 days
Massachusetts — 15 days
Montana — 15 days

At the other end of the spectrum are Kansas, Missouri, Indiana, Illinois, West Virginia and Michigan — all at the seven-workday mark.

homeowners mortgage income study

Love This Listing

This new Tarrytown home boasts a big basement surprise

Love This Listing

This new Tarrytown home boasts a big basement surprise

Home At Last

Here's how many days Texans work each month to afford their mortgage

Home At Last

Here's how many days Texans work each month to afford their mortgage