1600 E 7th ST, Austin TX 78702

Austin, TX 78702 | Original City

Ed's Opinion of Value

$717,621 Ed's Estimate: $877,850 $1,174,577
Lowest Comp Recommended List: $860,000 to $895,000 Highest Comp

Listing History

$1,645,000 List Price
$845,885 Comp Value
1 Price Reductions

This property was listed at $1,645,000 and withdrawn after 156 days on market. The price was reduced from $1,650,000 to $1,645,000. This listing activity factors into the valuation.

7 recent sales within a mile of this address suggest a current value of $877,850. My recommended list price range for this property would be $860,000 to $895,000. In the current ORIGINAL CITY market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. Built in 1900, this home is 100 years older than the average comp, which is reflected in the adjustments. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group
3 Beds
3 Baths
2,400 Sq Ft
0.143 Acres
1900 Built

About This Property

« CURRENTLY ZONED TOD-NP FOR BOTH RESIDENTIAL AND COMMERCIAL USE WITH APPROVED SITE PLAN AND FEASIBILITY STUDY AVAILABLE | LOT SIZE: 6,229 SF | OFFICE SPACE, RETAIL, RESTAURANT & DEVELOPMENT OPPORTUNITY » Introducing a prime opportunity at 7th St of East Austin. This 2,400-square-foot property is situated on a sizable 6,229-square-foot lot and is currently zoned for commercial office use, features two buildings tailored for diverse business needs. Building A, the main house, includes three office spaces, two meeting rooms, three restrooms, a full kitchen, a fireplace, and a laundry room. Building B, the garage, offers a conference room along with open desks and seating areas. The spacious rooms can function as individual offices or collaborative workspaces, while the expansive lot allows for potential landscaping and ample parking spaces, enhancing accessibility for customers and employees alike. Additionally, the property is exploring options for higher density and a height bonus, potentially achieving a 60-foot height through innovative development strategies. Located in vibrant Austin, TX, this property offers easy access to local amenities, transportation routes, and downtown areas, making 1600 E 7th St an exceptional opportunity for businesses looking to establish or expand in a dynamic city environment.

Location

Property Details

Property Type Residential
Flooring Tile, Vinyl, Wood
Cooling Central Air
Heating Central
County Travis
MLS # 8957334

Tax Information

Annual Taxes (MLS) $25,494 (2023)

Listing History

MLS# 8957334 156 days (157 CDOM)
Sep 2, 2024 Off Market
Aug 12, 2024 Price Change $1,645,000
Mar 7, 2024 Listed $1,650,000

Frequently Asked Questions About 1600 E 7th ST, Austin TX 78702

When was 1600 E 7th ST, Austin TX 78702 built?

1600 E 7th ST, Austin TX 78702 was built in 1900.

How much does 1600 E 7th ST, Austin TX 78702 cost?

1600 E 7th ST, Austin TX 78702 is currently off market.

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