3506 Grayson LN, Austin TX 78722

Off Market

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Ed's Opinion of Value

$273,610 Ed's Estimate: $501,196 $995,000

Lowest Comp Recommended List: $491,000 to $511,000 Highest Comp

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $501,196. Pricing this home between $491,000 and $511,000 would put it in the competitive sweet spot for GILES PLACE. Relative to what's currently available in GILES PLACE, this home would be the 2nd least expensive of 4 comparable homes on the market. The active market in GILES PLACE includes 4 comparable homes priced from $425,000 to $995,000. Market data shows 78722 prices risen 9% over the last half year. The closest comparable sale, 1727 38th 1/2 ST, Austin TX 78722 at an adjusted $544,151, is a strong comparable. With 7 comparable sales in GILES PLACE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group

78722 Market Trends

$625,000 Median Sold Price ▲ 9% 6mo

$457/sqft Median $/SqFt ▲ 7.8% 6mo

48 days Avg Days on Market 25 days faster

16 homes Active Inventory 2.5 mo supply

96.1% Sale-to-List Ratio

39 Sales (6 months)

$586,875 Tax Assessed (2025)

Recently Sold Comparables

$544,151 adjusted 1727 38th 1/2 ST, Austin TX 78722 3bd / 1.0ba • 1,136 sqft • 0.2 mi Sold 4 months ago

$764,502 adjusted 1712 Giles ST, Austin TX 78722 3bd / 2.0ba • 1,267 sqft • 0.2 mi Sold 7 months ago

$273,610 adjusted 1731 Giles ST, Austin TX 78722 3bd / 2.0ba • 1,204 sqft • 0.1 mi Sold 3 months ago

$457,835 adjusted 4319 Airport BLVD, Austin TX 78722 2bd / 1.0ba • 1,110 sqft • 0.8 mi Sold 7 months ago

$499,003 adjusted 3312 Lafayette Ave, Austin TX 78722 3bd / 2.0ba • 1,058 sqft • 0.6 mi Sold 7 months ago

Currently on Market

$425,000 1302 Bentwood RD, Austin TX 78722 3bd / 1.0ba • 1,092 sqft • 1 mi 5 days on market

$545,000 3705 Tower View CT, Austin TX 78723 2bd / 1.0ba • 1,085 sqft • 0.3 mi 14 days on market

$995,000 2817 E 22nd ST, Austin TX 78722 3bd / 3.0ba • 1,068 sqft • 0.3 mi 225 days on market

3 Beds

1 Baths 1 Full

1,092 Sq Ft

0.1585 Acres

1950 Built

About This Property

Prime development opportunity in 78722—value is in the land and location. This .158-acre, level lot offers excellent frontage and mature trees, surrounded by new construction and ongoing revitalization. Refer to survey. The existing structure is a complete renovation or tear-down and should be accessed at your own risk; the lot itself is easy to walk.
Ideally located just minutes from Downtown Austin and approximately 1.5 miles from Mueller, with convenient access to IH-35, Airport Blvd, and 183. A compelling opportunity for builders, developers, or buyers looking to create a custom home or pursue a redevelopment project in a high-demand East Austin neighborhood with strong resale potential. Endless possibilities in a prime location.

Features

See Remarks

Location

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Schools

School District Austin ISD

Elementary Maplewood

Middle School Kealing

High School McCallum

Property Details

Property Type Residential

Construction Vertical Siding

Roof Composition

Foundation Slab

Levels One

Flooring See Remarks

Cooling None

Heating None

Exterior Private Yard

County Travis

MLS # 1954846

Parking 2 spaces: Driveway

Lot, Outdoor & Utilities

Lot Features Back Yard, Front Yard, Level

Patio & Porch Awning(s), Porch

Fencing Back Yard, Chain Link, Wood

Other Structures Shed(s)

Water Public

Sewer Public Sewer

Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available

HOA & Community

Community Features None

Tax Information

Annual Taxes (MLS) $11,631 (2025)

Assessed Value $586,875

Exemptions None

Listing History

MLS# 1954846 45 days

Mar 16, 2026	Off Market
Feb 27, 2026	Pending
Jan 9, 2026	Listed	$400,000

Frequently Asked Questions About 3506 Grayson LN, Austin TX 78722

When was 3506 Grayson LN, Austin TX 78722 built?

3506 Grayson LN, Austin TX 78722 was built in 1950. It is vertical siding construction with 1,092 square feet on a 0.1585 acre lot.

How much does 3506 Grayson LN, Austin TX 78722 cost?

3506 Grayson LN, Austin TX 78722 sold on March 16, 2026. Contact us for sale price details.

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