1505 Willow ST, Austin TX 78702

Austin, TX 78702 | Welch

Ed's Opinion of Value

$475,000 Ed's Estimate: $624,512 $756,386
Lowest Comp Recommended List: $354,000 to $364,000 Highest Comp
After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $624,512. Pricing this home between $354,000 and $364,000 would put it in the competitive sweet spot for WELCH. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in WELCH's current inventory. At 5 years older than typical comps, the 1945 build date influences the valuation. The larger lot (0.16 acres versus the area average of 0.12) contributes to the valuation. The comp data here (4 sales in WELCH) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus
3 Beds
1 Baths 1 Full
996 Sq Ft
0.1578 Acres
1945 Built

About This Property

Highly desirable lot in the E Cesar Chavez neighborhood—just blocks from downtown, Rainey St and Lady Bird Lake (a.k.a Town Lake). This early Craftsman bungalow needs updating, but if you want to maximize this lot, scrape and build new. This is a premium lot with alley access, and not to mention the SF3 zoning where the city allows a secondary unit. You can add up to 1,100 SF secondary unit in the back and sell off, keep for cash flow or use for office/guest house. So many possibilities and you still have plenty of room to make additions to the front house! There are several new builds along Willow St and in the neighborhood. The 1515 Cesar Chavez office/retail development is happening one street over. This is a stellar location that attracts some of the newest and coolest restaurants, shops, businesses, bars and entertainment venues: Cenote, Epoch Coffee, The White Horse, La Perla Bar, Zilker Brewing Co, Whisler's, Whole Foods, Oseyo, Easy Tiger, Lazarus Brewing Co just to name a few. Hop on your electric bike/scooter and head towards Zilker Park/Barton Springs, Moody Amphitheater, Palmer Event Center or SOCO. Buyers to verify with COA on development questions. Seller will need temp lease back while searching for their next home 3-6 months would be ideal, but if they found a place sooner, then no need for that length of time. Buyer pays for survey, no repairs, sold as-is.

Features

  • Gas Dryer Hookup
  • Primary Bedroom on Main
  • Washer Hookup

Location

Schools

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

Property Details

Property Type Residential
Flooring Tile, Vinyl, Wood
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Heating None
Exterior Exterior Steps, Gutters Partial, Private Yard
County Travis
MLS # 8258546

Tax Information

Annual Taxes (MLS) $9,625 (2022)

Listing History

MLS# 8258546 26 days
Aug 12, 2022 Off Market
Jul 17, 2022 Listed $1,300,000

Frequently Asked Questions About 1505 Willow ST, Austin TX 78702

When was 1505 Willow ST, Austin TX 78702 built?

1505 Willow ST, Austin TX 78702 was built in 1945.

How much does 1505 Willow ST, Austin TX 78702 cost?

1505 Willow ST, Austin TX 78702 is currently off market.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.