2503 Mitchell LN, Austin TX 78748

Off Market

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Ed's Opinion of Value

$243,263 Ed's Estimate: $438,116 $649,559

Lowest Comp Recommended List: $376,000 to $386,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $438,116. For a well positioned listing in FORD OAKS ANNEX, I'd target the $376,000 to $386,000 range. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in FORD OAKS ANNEX. The 1963 construction puts this home 13 years older than the comp average, a factor in the pricing. At 0.85 acres, the lot is larger than the 0.30 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in FORD OAKS ANNEX, listed between $349,500 and $599,000. Recent trends in FORD OAKS ANNEX show home values have fallen 25% since 6 months ago. The most comparable recent sale is 10000 Gail RD, Austin TX 78748, with an adjusted value of $386,309; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group

FORD OAKS ANNEX Market Trends

$285,000 Median Sold Price ▼ 25% 6mo

$223/sqft Median $/SqFt ▼ 38.1% 6mo

34 days Avg Days on Market 73 days faster

1 homes Active Inventory 2 mo supply

94.6% Sale-to-List Ratio

3 Sales (6 months)

Recently Sold Comparables

$386,309 adjusted 10000 Gail RD, Austin TX 78748 3bd / 2.0ba • 1,538 sqft • 0.3 mi Sold 3 months ago

$406,489 adjusted 10309 Wommack RD, Austin TX 78748 3bd / 3.0ba • 1,937 sqft • 0.1 mi Sold 2 months ago

$243,263 adjusted 10010 Gail RD, Austin TX 78748 3bd / 2.0ba • 1,280 sqft • 0.3 mi Sold 3 months ago

$649,559 adjusted 10217 Lindshire LN, Austin TX 78748 3bd / 2.0ba • 1,614 sqft • 0.5 mi Sold 1 months ago

$453,662 adjusted 2912 Wadsworth WAY, Austin TX 78748 3bd / 2.0ba • 1,636 sqft • 0.6 mi Sold 4 months ago

Currently on Market

$349,500 10206 Gail RD, Austin TX 78748 2bd / 2.0ba • 1,456 sqft • 0.1 mi 65 days on market

$430,000 9839 Briar Ridge DR, Austin TX 78748 3bd / 2.0ba • 1,684 sqft • 0.5 mi 121 days on market

$459,000 2105 Allred DR, Austin TX 78748 4bd / 2.0ba • 1,822 sqft • 0.5 mi 188 days on market

3 Beds

2 Baths 2 Full

1,626 Sq Ft

0.8524 Acres

1963 Built

1 Garage

About This Property

Enjoy the Peaceful Country Living in the Heart of South Austin, Introducing a Charming 3-bedroom Home on a Spacious Lot, Perfect for those seeking their own Oasis with Great Potential and Personal Design. This Property Offers a Fantastic Opportunity to Create Your Dream Home. Embrace the chance to put Your Vision to Work, turning this property into a Haven that perfectly matches your Desires and Lifestyle. This Generous Oversized Lot provides Ample Space for Outdoor Activities and Expansion Possibilities. Home Features: Two refrigerators, Washer & Dryer, Microwave, Extra shelving, and Shed In Backyard. Retail Shops, Entertainment is within Walking Distance - Freeways, Downtown & Airport only Minutes Away. ** Stop & Take Advantage of this Promising Investment Opportunity While It's Available!

Features

Ceiling Fan(s)
Laminate Counters
Electric Dryer Hookup
Primary Bedroom on Main
Walk-In Closet(s)
Washer Hookup

Location

Map loading...

Schools

School District Austin ISD

Elementary Kocurek

Middle School Bailey

High School Akins

Property Details

Property Type Residential

Flooring Tile, Vinyl

Cooling Central Air

Heating Central

Exterior Gutters Partial, Private Yard

County Travis

MLS # 6719639

Garage 1 spaces

Tax Information

Annual Taxes (MLS) $5,683 (2023)

Listing History

MLS# 6719639 140 days

Dec 22, 2023	Off Market
Nov 14, 2023	Price Change	$480,000
Jul 11, 2023	Listed	$595,000

Frequently Asked Questions About 2503 Mitchell LN, Austin TX 78748

When was 2503 Mitchell LN, Austin TX 78748 built?

2503 Mitchell LN, Austin TX 78748 was built in 1963.

How much does 2503 Mitchell LN, Austin TX 78748 cost?

2503 Mitchell LN, Austin TX 78748 sold on December 22, 2023. Contact us for sale price details.

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