2502 Colby CV, Austin TX 78723

Austin, TX 78723 | University Hills West

Ed's Opinion of Value

$489,147 Ed's Estimate: $706,036 $975,000
Lowest Comp Recommended List: $741,000 to $811,000 Highest Comp
Reviewing the most recent comparable transactions, this home's market value falls around $706,036. For a well positioned listing in UNIVERSITY HILLS WEST, I'd target the $741,000 to $811,000 range. Against 3 similar active listings in UNIVERSITY HILLS WEST, this price point lands at the most affordable of 3 comparable homes on the market. This home's larger footprint (414 sqft vs the comp average) plays a role in how the market prices it. At 0.42 acres, the lot is larger than the 0.27 acre comp average, which factors into pricing. There are currently 3 similar homes on the market in UNIVERSITY HILLS WEST, ranging from $675,000 to $975,000. Recent trends in 78723 show home values have fallen 11.2% since 6 months ago. The most comparable recent sale is 6514 Bradley DR, Austin TX 78723, with an adjusted value of $810,872; a strong comparable. 7 comparable transactions in UNIVERSITY HILLS WEST 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
4 Beds
3 Baths 3 Full
2,561 Sq Ft
0.4154 Acres
1964 Built
2 Garage

About This Property

Welcome to this breathtaking, mid-century remodeled home in the highly sought after University Hills! This unique home offers many options with a 3 bedroom, 2 bath home AND 1 bedroom, 1 bathroom apartment. Colby Cove is located on a tree studded 0.42 acre corner lot on a private cul-de-sac. This meticulously redesigned home maintains the charm of the original 1960s’s architecture with modern amenities. The open-concept living and dining area is highlighted by the beautifully restored brick fireplace and flooded with natural light from large windows and skylight. The gourmet kitchen is a chef’s dream, featuring modern finishes, sleek quartz countertops, custom cabinetry, designer tile, and bar. The expansive living and dining area opens directly into the entertainment room with a wet bar and private courtyard, providing the perfect space for relaxing, hosting guests, a large office, or addition to the apartment suite. The massive master bedroom includes a large walk-in closet and gorgeous master bath with double floating vanity, custom tile work, and large walk-in shower. The apartment offers a self-contained living space, perfect for multi-generational living, guest retreat, or rental. Apartment is complete with a kitchen, bathroom, bedroom, and laundry. Apartment has its own private entrance and also adjoins the main house through the entertainment room with an option for additional square footage. The over-sized lot features mature trees, a private courtyard, patio with pergola overlooking the creek, perfect for bird watching and enjoying the tranquil sounds of nature. The property offers multiple opportunities to build an additional unit, pool or deck overlooking the creek (buyer to do own due diligence). Colby Cove is minutes from US183, US290 and I35, Mueller, HEB, and 5 miles to downtown Austin, and walking distance to bus stops. Book your showing TODAY!

Features

  • Bar
  • Ceiling Fan(s)
  • Chandelier
  • Quartz Counters
  • Double Vanity
  • Electric Dryer Hookup
  • Gas Dryer Hookup
  • In-Law Floorplan
  • Interior Steps
  • Multiple Dining Areas
  • Multiple Living Areas
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Stackable W/D Connections
  • Walk-In Closet(s)
  • Washer Hookup
  • Wet Bar

Location

Schools

School District Austin ISD
Elementary Andrews
Middle School Webb

Property Details

Property Type Residential
Flooring Tile, Vinyl
Cooling Ceiling Fan(s), Central Air, Multi Units
Heating Fireplace(s), Natural Gas
Exterior Exterior Steps, Private Entrance, Private Yard
County Travis
MLS # 6197072

Parking

Garage 2 spaces

Tax Information

Annual Taxes $8,904 (2024)

Listing History

MLS# 6197072 - Updated Apr 6, 2026 5 days
Mar 19, 2025 Off Market
Feb 12, 2025 Listed $849,999

Frequently Asked Questions About 2502 Colby CV, Austin TX 78723

When was 2502 Colby CV, Austin TX 78723 built?

2502 Colby CV, Austin TX 78723 was built in 1964.

How much does 2502 Colby CV, Austin TX 78723 cost?

2502 Colby CV, Austin TX 78723 sold on March 19, 2025. Contact us for sale price details.

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