$ 85K below appraisal!. !Discover an exceptional opportunity where potential meets prime location, offering a versatile canvas for investors and homeowners alike. This property, zoned SF3 on a generous quarter-acre lot near the prominent intersection of William Cannon and Manchaca, presents a rare chance to capitalize on Austin's dynamic real estate market. The existing home, a well-maintained 3-bedroom, 2-bathroom residence spanning two stories and 1312 square feet, is in good condition, ensuring a smooth appraisal and financing process. The recent 2024 installation of 30-year dimensional roof shingles provides peace of mind and long-term durability. The expansive lot opens doors to various development possibilities, including adding income-producing rental units, subdividing into multiple single lots, or creating a condo regime, mirroring successful projects in the immediate vicinity where similar homes commanded prices between $600,000 and $700,000. While the current floor plan offers unique charm, there is ample space to enhance its functionality by adding a half-bath downstairs, potentially utilizing a small part of the over sized garage with workshop. This property is more than a home; it's a strategic investment in a thriving Austin neighborhood, poised for significant growth and offering endless possibilities for custom development or a comfortable living experience. 2-1 buydown starting at 4.35% and free refi offered by lender and other special loan programs.
134 days
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787
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79
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Zillow last checked:
Listing updated:
Listed by:
Dianna Salazar(512) 656-5526,
Texas Residential Properties(512) 656-5526
Source: Unlock MLS,MLS#: 7324831
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 1
Primary bedroom
Description: CARPET, CEILING FAN, BLINDS, WALK IN CLOSET.
Features: Ceiling Fan(s), Full Bath, Walk-In Closet(s)
Level: First
Bedroom
Description: TWO BEDROOMS UP AND FULLL BATHROOM INBETWEEN, CARPET, CEILING FAN, SOLAR SCREENS, BLINDS, MIRRORED BYPASS CLOSET DOORS.
Features: Ceiling Fan(s)
Level: Second
Bedroom
Description: BEDROOM HAS CARPET, CEILING FAN, BYPASS MIRRORED CLOSET DOORS, SOLAR SCREENS, BLINDS,
Features: Ceiling Fan(s)
Level: Second
Primary bathroom
Features: Quartz Counters, Full Bath, Shared Bath
Level: Main
Bathroom
Features: Stone Counters, Full Bath
Level: Second
Kitchen
Features: Kitchn - Breakfast Area, Tile Counters, Galley Type Kitchen, Open to Family Room, Pantry
Level: Main
Living room
Features: None
Level: Second
Heating
Central
Cooling
Ceiling Fan(s), Central Air
Appliances
Included: Dishwasher, Disposal, Exhaust Fan, Microwave, Free-Standing Gas Range, RNGHD, Self Cleaning Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Gas Water Heater
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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