Active

$599,000

2703 Wheless Ln, Austin, TX 78723

3beds

1,406sqft

$4,454/mo

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Single Family Residence

Built in 1947

0.48 Acres Lot

$-- Zestimate^®

$426/sqft

$-- HOA

What's special

Almost half acre property

This almost half acre property is being marketed as a tear down. A new 4" sewer line from the house to the street has been installed in Aug/Sept 2025 for >$30,000 with full permits, which will save on development cost. According to the City of Austin's HOME initiative property code changes, 'small lot single-family residential use' allows for development on lots as small as 1800 ft. The highest and best use of this property might be to subdivide it into two 10,000SF+ lots and build multiple units on each lot, or build multiple units on the whole almost half acre property. There is no tree survey available, but most of the trees are on the periphery of the lot and the center part of the lot which would be the buildable area is clear and flat. There is a lot of new development in this area and it is very desirable due to proximity to Downtown as well as UT Austin.

109 days
34
2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 3

Bedroom

Description: This is a tear down, ideal for an investor and developer of multifamily properties.
Level: Main

Heating

See Remarks

Cooling

Other

Appliances

Included: See Remarks

Features

See Remarks
Flooring: Tile
Windows: See Remarks

Interior area

Total interior livable area: 1,406 sqft

Property

Parking

Parking features: Gravel, Kitchen Level, Open, Outside

Accessibility

Accessibility features: See Remarks

Features

Levels: One
Stories: 1
Patio & porch: See Remarks
Exterior features: See Remarks
Pool features: None
Fencing: Privacy
View description: None
Waterfront features: None

Lot

Size: 0.48 Acres
Dimensions: 86.41' x 243.20'
Features: City Lot, Few Trees, Level

Details

Additional structures: Shed(s), Storage
Parcel number: 02222101130000
Special conditions: Standard
Horses can be raised: Yes

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Foundation: Slab
Roof: Shingle

Condition

Tear Down
New construction: No
Year built: 1947

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected

Community & HOA

Community

Features: See Remarks
Subdivision: Thomas Eldridge

HOA

Has HOA: No

Location

Region: Austin

Financial & listing details

Price per square foot: $426/sqft
Tax assessed value: $504,710
Annual tax amount: $9,342
Date on market: 6/15/2026
Listing terms: Cash,Conventional,FHA
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/2/2025	Price change	$599,000+4.2%$426/sqft
Source: Unlock MLS #2758093 Report a problem
7/26/2025	Listed for sale	$575,000$409/sqft
Source: Unlock MLS #2758093 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,760 -29.4%	$471,393 +10%
2024	$6,740 +22.1%	$428,539 +10%
2023	$5,521 -7.5%	$389,581 +10%
2022	$5,968	$354,165 +10%
2021	--	$321,968 +10%
2020	$5,797 +14.8%	$292,698 -18.5%
2019	$5,051 +18.1%	$359,051 +48.4%
2018	$4,278	$241,899 +10%
2017	$4,278 +20.5%	$219,908 +10%
2016	$3,551	$199,916 +10%
2015	$3,551	$181,742 +10%
2014	$3,551	$165,220 +10%
2013	--	$150,200 +0.3%
2012	--	$149,677 +6.2%
2011	--	$140,951 +10%
2010	--	$128,137 +10%
2009	--	$116,488 +10%
2008	--	$105,898 +10%
2007	--	$96,271 +10%
2006	--	$87,519 +10%
2005	--	$79,563 +10%
2002	$1,512	$72,330