1507 E 2nd ST # 2, Austin TX 78702

Austin, TX 78702 | Division | Built by On File

Ed's Opinion of Value

$546,782 Ed's Estimate: $667,720 $1,099,000
Lowest Comp Recommended List: $313,000 to $323,000 Highest Comp
Reviewing the most recent comparable transactions, this home's market value falls around $667,720. For a well positioned listing in DIVISION, I'd target the $313,000 to $323,000 range. Among the similar homes currently available in DIVISION, this price point stands out as competitive. This home's smaller footprint (105 sqft vs the comp average) plays a role in how the market prices it. The 2023 construction puts this home 46 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in DIVISION; a buyer's market based on recent absorption. Recent trends in DIVISION show home values have risen 1% since 6 months ago. The most comparable recent sale is 1909 E 14th ST, Austin TX 78702, with an adjusted value of $736,248; a strong comparable. 7 comparable transactions in DIVISION support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
2 Beds
3 Baths 2 Full, 1 Half
931 Sq Ft
0.1427 Acres
2023 Built
1 Garage

About This Property

Presenting 1507 E 2nd #2, a masterfully crafted alley home by the esteemed Patriot Builders, strategically situated in the energetic Holly neighborhood. This striking new build offers an unrivaled fusion of luxury, functionality, and practicality, making it an excellent choice for either an investment property or personal residence. The layout, meticulously planned, includes two spacious bedrooms and 2.5 bathrooms, cleverly utilizing every corner to ensure no space is left wasted. Each component of this home has been intentionally curated to foster an ambiance of comfort melded with elegance. The main living area integrates the living, dining, and kitchen spaces seamlessly, with large windows encouraging an influx of natural light that amplifies the sense of openness. The kitchen is a gourmet's delight, furnished with high-end stainless steel appliances and enhanced by the stunning locally-sourced tiles, providing a remarkable culinary experience. The substantial backyard offers endless possibilities for outdoor leisure and relaxation, while a one-car garage provides secure and convenient parking. This presents an exceptional investment opportunity, either as a primary residence or a rental property. With downtown, trendy bars, and the lake all within walking distance, it's ideally suited for a short-term rental or Airbnb. The property's location, just a stroll away from the vibrant East Austin scene, ensures easy access to an array of popular local hotspots. 1507 E 2nd #2 offers a unique chance to own a property in one of Austin's most desirable neighborhoods. With its wealth of luxury finishes, prime location, and optimal use of space, this home is indeed a rare find in the heart of East Austin. Don't miss out on this outstanding opportunity. A 1-2-10 warranty is conveyed at closing. 5.85% low interest rate available through a preferred lender.

Features

  • Ceiling Fan(s)
  • Quartz Counters

Location

Schools

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

Property Details

Property Type Residential
Flooring Wood
Cooling Central Air
Heating Central
Exterior Private Yard
County Travis
MLS # 8321856

Parking

Garage 1 spaces

HOA & Community

HOA Includes See Remarks

Tax Information

Annual Taxes $8,887 (2023)

Listing History

MLS# 8321856 117 days
Dec 29, 2023 Off Market
Oct 4, 2023 Price Change $699,000
Aug 4, 2023 Listed $775,000

Frequently Asked Questions About 1507 E 2nd ST # 2, Austin TX 78702

When was 1507 E 2nd ST # 2, Austin TX 78702 built?

1507 E 2nd ST # 2, Austin TX 78702 was built in 2023.

How much does 1507 E 2nd ST # 2, Austin TX 78702 cost?

1507 E 2nd ST # 2, Austin TX 78702 sold on December 29, 2023. Contact us for sale price details.

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