1106 Newning Ave, Austin TX 78704

Austin, TX 78704 | Travis Heights

Ed's Opinion of Value

$621,937 Ed's Estimate: $785,528 $1,350,000
Lowest Comp Recommended List: $381,000 to $391,000 Highest Comp
Based on what similar homes have actually sold for within a mile, I'd place this property's value at $785,528. I'd recommend coming to market at $381,000 to $391,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in TRAVIS HEIGHTS, this price positions the property as the 4th most expensive of 7 comparable homes on the market. Built in 1922, this home is 20 years older than the average comp, which is reflected in the adjustments. The 0.27 acre lot (larger than the 0.16 acre average) is reflected in the estimate. With 7 similar homes currently listed in TRAVIS HEIGHTS (a buyer's market), competition is a factor to consider. The trend in TRAVIS HEIGHTS shows prices have fallen 21.6% in the past 6 months. 2003 Kenwood Ave, Austin TX 78704 nearby adjusts to $938,732; a strong comparable. Based on 7 relevant data points in TRAVIS HEIGHTS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX
2 Beds
1 Baths 1 Full
1,302 Sq Ft
0.27 Acres
1922 Built
1 Garage

About This Property

You’ve got to see this property in person to fully appreciate the potential! The lot alone provides the value in the price, but the home is amazing as well! The lot will accommodate a 4000+ sq. ft. home that will carry a completed value upwards of $5M. Go back in time as you enjoy private park-like views from the spacious front porch that looks directly into the front lawn of the 1-Acre Austin Landmark, The Academy House! The almost century-old home has been lovingly restored and maintains the very distinctive historic impression from the early 1900s. Located on over a ¼ acre corner lot (11,761 SF), this property provides a collection of opportunities for either a passionate historian or an exp developer! Located on one of Travis Heights' most desirable large corner lots. Expansion plans are available to expand the existing home ready to send to CofA, and although the property boasts some of the most majestic oaks you’ve ever seen, they would not impede any development opportunities. Don’t miss the drone shots showing the brilliant views of downtown Austin at a second-story level. The impossible is made possible with this amazing location. Enjoy peace and tranquility within one of Austin's most sought-after historical neighborhoods, yet just 3-blocks from the famous SoCo district known for its live music, restaurants, and boutiques. Just a few blocks to the Lady Bird Lake and hiking trails, the Long Center, the Texas State Capital, and everything downtown Austin has to offer, yet you feel a supreme calmness when surrounded by some of the city’s largest and most beautiful live oak trees. The 1,302 sq. ft. home feels amazingly spacious, light, and bright with its high ceilings, large living spaces, and exceptional outdoor decking both front and back. The master suite has a large 2nd living room attached that could be the perfect opportunity to add on a second owner’s bath.

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • High Ceilings
  • Crown Molding
  • Electric Dryer Hookup
  • Eat-in Kitchen
  • French Doors
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Washer Hookup

Location

Schools

School District Austin ISD
Elementary Travis Hts
Middle School Fulmore
High School Travis

Property Details

Property Type Residential
Flooring Tile, Wood
Cooling Ceiling Fan(s), Central Air, Exhaust Fan
Heating Central
Exterior Gutters Full
County Travis
MLS # 2528219

Parking

Garage 1 spaces

Tax Information

Annual Taxes $14,175 (2021)

Listing History

MLS# 2528219 1 days
Sep 30, 2021 Off Market
Sep 9, 2021 Listed $1,795,000

Frequently Asked Questions About 1106 Newning Ave, Austin TX 78704

When was 1106 Newning Ave, Austin TX 78704 built?

1106 Newning Ave, Austin TX 78704 was built in 1922.

How much does 1106 Newning Ave, Austin TX 78704 cost?

1106 Newning Ave, Austin TX 78704 sold on September 30, 2021. Contact us for sale price details.

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