500 Terrace DR, Austin TX 78704

Austin, TX 78704 | Blue Bonnet Hills

Ed's Opinion of Value

$1,491,000 Ed's Estimate: $1,990,158 $2,895,000
Lowest Comp Recommended List: $2,871,000 to $2,905,000 Highest Comp
Taking into account 7 nearby comparable sales, this property's estimated value comes to $1,990,158. If we were to list this property today, I'd recommend a list price in the $2,871,000 to $2,905,000 range. Relative to what's currently available in BLUE BONNET HILLS, this home would be the most affordable of 5 comparable homes on the market. This home's larger footprint (974 sqft vs the comp average) plays a role in how the market prices it. Being built in 2011 (7 years older than comps) is factored into the value estimate. Buyers in BLUE BONNET HILLS have 5 comparable options right now, with asking prices between $2,480,000 and $3,499,000. The 6 month price trend in BLUE BONNET HILLS: risen 36.1%. The best comp here is 2204 Lindell Ave, Austin TX 78704 at an adjusted value of $1,578,208, with a smaller floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus
4 Beds
3 Baths 2 Full, 1 Half
4,019 Sq Ft
0.1717 Acres
2011 Built
2 Garage

About This Property

DIAMOND IN THE ROUGH! Located on a corner lot on a quiet street with downtown views from the 3rd story, the home was built in 2011 and never finished. The sale includes 95% (est.) of all the building materials needed to complete the home. Listed well below Travis CAD 2023 value, this home is a potential goldmine to the buyer who has finishing experience. The sellers spared no expense with building materials or appliances. The home includes a 6 burner DCS double convection oven range with built in grill, a DCS SS refrigerator, Bosch SS dishwasher, a Samsung SS stackable washer and dryer. High end materials were used in the construction and the seller started the Austin Green Building Program, but never finished. Marvin Integrity fiber glass windows were installed with screens still in the original packaging. A high efficiency fireplace is in the main living area surrounded by fossilized limestone from the Permian Basin. The home also includes a private outdoor shower, multiple hidden storage areas, a central vacuum system, rosewood, bamboo and oak flooring, double limestone sinks in the primary bath, and beautiful walnut bamboo cabinetry. The 3rd story 1/4 bath drain is in place to install a shower and make a full bath. The detached garage has 1/4 bath, and dog bath that can be converted to full bathroom with potential to build a studio apartment . This unique home is just steps away from Little Stacy Park, Blunn Creek Greenbelt Trail or a couple of blocks to South Congress, music, shops and dining including Perla's, Lucy's, C-Boys Heart & Soul, Magnolia Cafe, Torchy’s Tacos, Allen's Boots + SO MUCH MORE. Many stunning new builds nearby. Multiple surveys are available. Complete building plans will transfer with the sale.

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • Central Vacuum
  • Granite Counters
  • Double Vanity
  • Gas Dryer Hookup
  • Eat-in Kitchen
  • High Speed Internet
  • Multiple Dining Areas
  • Pantry
  • Smart Thermostat
  • Soaking Tub
  • Storage
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

School District Austin ISD
Elementary Travis Hts
Middle School Lively
High School Travis

Property Details

Property Type Residential
Flooring Concrete, Tile, Wood
Cooling Ceiling Fan(s), Central Air, Electric
Heating Fireplace Insert, Forced Air, Natural Gas
Exterior Balcony, Garden, Gutters Full
County Travis
MLS # 8609714

Parking

Garage 2 spaces

Tax Information

Annual Taxes $25,188 (2023)

Listing History

MLS# 8609714 47 days
Jun 12, 2024 Off Market
May 15, 2024 Price Change $1,300,000
Apr 4, 2024 Listed $1,400,000

Frequently Asked Questions About 500 Terrace DR, Austin TX 78704

When was 500 Terrace DR, Austin TX 78704 built?

500 Terrace DR, Austin TX 78704 was built in 2011.

How much does 500 Terrace DR, Austin TX 78704 cost?

500 Terrace DR, Austin TX 78704 sold on June 12, 2024. Contact us for sale price details.

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