1503 E 3rd ST # A, Austin TX 78702

Austin, TX 78702 | Division | Built by TSB Homes

Ed's Opinion of Value

$453,270 Ed's Estimate: $616,046 $775,000
Lowest Comp Recommended List: $604,000 to $628,000 Highest Comp

Listing History

$699,000 List Price
$612,590 Comp Value
1 Price Reductions

This property was listed at $699,000 and withdrawn after 195 days on market. The price was reduced from $750,000 to $699,000. This listing activity factors into the valuation.

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $616,046. Pricing this home between $604,000 and $628,000 would put it in the competitive sweet spot for DIVISION. Buyers shopping in DIVISION right now would see this as a well positioned option among 7 comparable homes. Being 135 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 24 years newer than typical comps, the 2018 build date influences the valuation. With 7 comparable sales in DIVISION, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
3 Beds
2 Baths 2 Full
1,190 Sq Ft
0.05 Acres
2018 Built

About This Property

Immerse yourself in the vibrant heart of Austin. This 2020-built, 2-condo regime property is available as separate units or together (this listing includes both Unit 1 & 2, please contact Agent for more info on other unit MLS#2025565). Property is a prime investment for short-term rental ventures. Located mere moments from downtown's lively scene, both this property, Unit A, and it's adjacent Unit B, boast a proven rental track record. (2023 NET STR rent for both properties available by request).

Unit A, with three comfortable bedrooms and two chic bathrooms, blends style with comfort. The interior is graced with waterproof, ash-colored vinyl plank flooring and vaulted ceilings, accented by recessed lighting, creating an inviting, open atmosphere. Prioritize comfort with remote-controlled mini-split A/C systems in each room and enjoy the efficiency of Rinnai tankless water heaters. Enhanced security is assured with the Ring Doorbell system. Unit(s) also feature a multi-functional office or living area upstairs, spacious closets, and 2 covered outdoor living areas, (one can be 2-car carport), currently both utilized as charming outdoor spaces for STR guests. The fully fenced outdoor area, adorned with mature trees and xeriscaping, provides a peaceful urban oasis and private compound feel.

Its superb location, just three blocks from the Capital Metro train and adjacent to Comal City Park, perfectly balances city accessibility with tranquil living. Near E 3rd Street, a plethora of entertainment awaits, from unique dining and live music to cultural sites and vibrant nightlife, making it a magnet for STR investors. Seize this opportunity to invest in a blend of contemporary comfort, strategic location, and Austin's dynamic spirit.
The listing broker makes no warranties regarding the accuracy of information provided and buyers are advised to conduct their own due diligence

Features

  • Ceiling Fan(s)
  • High Ceilings
  • Vaulted Ceiling(s)
  • Interior Steps
  • Multiple Living Areas
  • Recessed Lighting
  • Walk-In Closet(s)

Location

Schools

School District Austin ISD
Elementary Sanchez
Middle School Martin
High School Austin

Property Details

Property Type Residential
Flooring Vinyl
Cooling Ceiling Fan(s), Ductless
Heating Wall Furnace
Exterior No Exterior Steps
County Travis
MLS # 2025565

HOA & Community

HOA Includes Common Area Maintenance, Insurance, See Remarks

Listing History

MLS# 2025565 195 days
Jul 5, 2024 Off Market
Apr 10, 2024 Price Change $699,000
Dec 23, 2023 Listed $750,000

Frequently Asked Questions About 1503 E 3rd ST # A, Austin TX 78702

When was 1503 E 3rd ST # A, Austin TX 78702 built?

1503 E 3rd ST # A, Austin TX 78702 was built in 2018.

How much does 1503 E 3rd ST # A, Austin TX 78702 cost?

1503 E 3rd ST # A, Austin TX 78702 is currently off market.

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