503 Lockhart DR, Austin TX 78704

Austin, TX 78704 | Blue Bonnet Hills

Ed's Opinion of Value

$499,999 Ed's Estimate: $776,253 $875,000
Lowest Comp Recommended List: $315,000 to $325,000 Highest Comp
Based on 3 closed sales in BLUE BONNET HILLS, the data points to a value around $776,253 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $315,000 to $325,000. Relative to what's currently available in BLUE BONNET HILLS, this home would be the 3rd most expensive of 7 comparable homes on the market. At 187 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 1933 (5 years older than comps) is factored into the value estimate. Buyers in BLUE BONNET HILLS have 7 comparable options right now, with asking prices between $299,900 and $953,000. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 514 E Mary ST, Austin TX 78704 at an adjusted $786,342, is with a larger floor plan. The strength of this estimate comes from 3 directly comparable sales in BLUE BONNET HILLS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group
2 Beds
1 Baths 1 Full
1,039 Sq Ft
0.1539 Acres
1933 Built

About This Property

Multiple offers received. Backup offers being considered. Recent buyer withdrew offer because of heritage tree closest to the house. (backyard)

Discover the potential at 503 Lockhart, a charming 1930s craftsman-style bungalow in highly desirable Travis Heights, just minutes from downtown Austin. This 2-bedroom, 1-bathroom residence spans 1,039 sq. ft and sits on a generous 6,702 sq. ft SF-3 zoned lot, offering an incredible opportunity for builders, investors, or those with a creative vision.

This craftsman bungalow exudes timeless charm and character, with classic architectural features that set it apart. The property is ready for your personal touch, whether you're envisioning a meticulous restoration or contemplating new construction.

The existing structure, comprising two bedrooms and one bathroom, provides a solid foundation for your creative vision. Renovate to create your dream home, preserving the craftsman heritage while customizing it to your preferences.

For those seeking a fresh start, the SF-3 zoning allows for added flexibility, making it possible to expand the lot and potentially increase the property's footprint. This opens the door to a myriad of possibilities for landscaping, outdoor living spaces, or even future development projects.

The location can’t be beat. 503 Lockhart is just up the hill from the Blunn Creek Greenbelt which features Big Stacy Park and a public pool at one end and Little Stacy Park at the other end. A playscape, basketball court, tennis courts, and wading pool are all steps away. Great for young families!

With nearby parks and green spaces, this property invites you to enjoy the best of Austin living. Whether you're looking for a personalized residence, a strategic investment, or the chance to expand the lot creatively, 503 Lockhart beckons with its limitless potential.

Features

  • Built-in Features
  • Ceiling Fan(s)
  • Tile Counters
  • Primary Bedroom on Main
  • Stackable W/D Connections

Location

Schools

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

Property Details

Property Type Residential
Flooring Wood
Cooling Ceiling Fan(s), Central Air, Exhaust Fan
Heating Natural Gas
Exterior Private Yard
County Travis
MLS # 2912075

Tax Information

Annual Taxes $15,386 (2023)

Listing History

MLS# 2912075 58 days
Feb 9, 2024 Off Market
Nov 13, 2023 Listed $808,018

Frequently Asked Questions About 503 Lockhart DR, Austin TX 78704

When was 503 Lockhart DR, Austin TX 78704 built?

503 Lockhart DR, Austin TX 78704 was built in 1933.

How much does 503 Lockhart DR, Austin TX 78704 cost?

503 Lockhart DR, Austin TX 78704 sold on February 9, 2024. Contact us for sale price details.

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