505 E 40th ST, Austin TX 78751

Austin, TX 78751 | Oaklawn

Ed's Opinion of Value

$1,056,102 Ed's Estimate: $1,436,165 $2,585,304
Lowest Comp Recommended List: $1,882,000 to $1,992,000 Highest Comp
Based on 7 closed sales in OAKLAWN, the data points to a value around $1,436,165 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,882,000 to $1,992,000. Buyers shopping in OAKLAWN right now would see this as a well positioned option among 7 comparable homes. At 546 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1915 (9 years older than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in OAKLAWN, listed between $1,175,000 and $2,299,950. Market data shows 78751 prices fallen 12.2% over the last half year. The closest comparable sale, 4104 Avenue F, Austin TX 78751 at an adjusted $2,585,304, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in OAKLAWN. 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
5 Beds
6 Baths 4 Full, 2 Half
3,323 Sq Ft
0.22 Acres
1915 Built

About This Property

Originally constructed in 1915, this central Austin property has been graciously expanded over the decades to include a large primary house plus detached guest casita. The main house boasts 4 bedrooms, 3.5 baths, a formal living room with built-in bookcases, an open kitchen and dining, and 2nd-story den with treetop views. Thoughtful floorplan ideal for modern living. Original Longleaf Pine floors combine with gorgeous Texas-made Saltillo floor tile. 10-foot ceilings throughout the downstairs of the main house. Original double-hung windows in the front of the house indicative of homes of this era mix with quality, modern, wood-clad double pane windows in the newer sections of the home. Custom-made period-style wood copper screens for main house. Relax on the generously sized sun porch made for lazy summer afternoons (sun porch is insulated, but not included in sq. footage). Recent roof shingle replacement on the main house and interior paint throughout including ceilings, trim, and walls (May 2021). The incredible detached 2016-built 1 bed/1.5 bath ADU features high ceilings, stained concrete & wood flooring, and slate gray GE appliances in the open kitchen. 2-car carport with alley access. Gorgeous .22 acre property with pecan and cumquat trees, mountain laurel, and a heritage Texas Live oak. One block to Hancock Golf Course. Three blocks to neighborhood eateries, shopping, and parks. Minutes from Dell Medical School, State Capitol, downtown, & UT. Truly an oasis in the heart of the city.

Features

  • High Ceilings
  • Quartz Counters
  • Interior Steps
  • Multiple Living Areas
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)

Location

Schools

School District Austin ISD
Elementary Lee
Middle School Kealing
High School McCallum

Property Details

Property Type Residential
Flooring Concrete, Tile, Wood
Cooling Central Air, Multi Units
Heating Central, Natural Gas, Wall Furnace
Exterior Exterior Steps, Private Yard
County Travis
MLS # 2985206

Tax Information

Annual Taxes (MLS) $12,981 (2021)

Listing History

MLS# 2985206 40 days (39 CDOM)
Aug 12, 2021 Off Market
Jun 3, 2021 Listed $1,650,000

Frequently Asked Questions About 505 E 40th ST, Austin TX 78751

When was 505 E 40th ST, Austin TX 78751 built?

505 E 40th ST, Austin TX 78751 was built in 1915.

How much does 505 E 40th ST, Austin TX 78751 cost?

505 E 40th ST, Austin TX 78751 sold on August 12, 2021. Contact us for sale price details.

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