506 W 51st ST # A, Austin TX 78751

Austin, TX 78751 | Koenig Place

Ed's Opinion of Value

$410,242 Ed's Estimate: $465,812 $685,000
Lowest Comp Recommended List: $456,000 to $475,000 Highest Comp
The estimated value of this property is $465,812, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $456,000 and $475,000. In the current KOENIG PLACE market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. Being 120 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.08 acre lot (smaller than the 0.13 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in KOENIG PLACE, ranging from $379,900 to $685,000. Recent trends in 78751 show home values have fallen 7.2% since 6 months ago. The most comparable recent sale is 4907 Duval ST, Austin TX 78751, with an adjusted value of $486,489; a strong comparable. Based on 7 relevant data points in KOENIG PLACE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX
2 Beds
1 Baths 1 Full
946 Sq Ft
0.077 Acres
1950 Built

About This Property

Tucked into a quiet pocket just blocks from The Triangle, North Loop, and the UT campus, this two-bedroom, one-bath move in ready home—built in 1950—offers the perfect blend of classic charm and walkable city living. Inside, the bright, functional layout feels cozy yet open, with large windows that fill the space with natural light. Original hardwood floors, granite countertops, and crown molding add timeless character and warmth throughout. Recent upgrades—including a new roof in 2022—bring peace of mind, while two dedicated parking spots add everyday convenience. Out back, a private fenced yard offers space to unwind, garden, or let your pet roam freely. Just steps from Home Slice, Foreign & Domestic, Merit Coffee, and other neighborhood gems, this home offers unbeatable walkability to some of Austin’s best dining, shopping, and green spaces. Whether you're headed to campus (10 minute bike ride), downtown, or simply exploring your own neighborhood, you'll love living in the heart of it all. Great for investors and first time home buyers. Down Payment Help May Be Available! This home qualifies for Austin’s Down Payment Assistance Program (up to $40,000 for eligible buyers). 0% down payment and closing cost assistance available – for qualified buyers. Feel free to call/text/email me with questions on this. *Some photos include virtual staging to help visualize the space.

Property Highlights

View Park/Greenbelt, Skyline

Features

  • Ceiling Fan(s)
  • Granite Counters
  • Crown Molding
  • Pantry
  • Primary Bedroom on Main

Location

Schools

School District Austin ISD
Elementary Ridgetop
Middle School Lamar (Austin ISD)
High School McCallum

Property Details

Property Type Residential
Construction Frame, Stone Veneer
Roof Composition
Foundation Pillar/Post/Pier
Levels One
Flooring Tile, Wood
Cooling Central Air
Heating Central
Exterior Permeable Paving, Private Yard
County Travis
MLS # 4586598
Parking 2 spaces: Gravel, Off Street, Private
Windows Blinds, Double Pane Windows
Security Closed Circuit Camera(s)

Lot, Outdoor & Utilities

Lot Features Back Yard, Interior Lot, Landscaped, Trees-Moderate
Patio & Porch Awning(s), Covered, Front Porch, Patio
Fencing Chain Link, Fenced, Privacy, Wood
Water Public
Sewer Public Sewer
Utilities Electricity Available, Natural Gas Available, Phone Connected

HOA & Community

HOA Name 506 W 51st Condos
HOA Includes See Remarks
Community Features None

Tax Information

Annual Taxes (MLS) $7,733 (2025)
Assessed Value $409,686
Exemptions Homestead

Listing History

MLS# 4586598 2 days
Mar 30, 2026 Off Market
Mar 26, 2026 Pending
Mar 11, 2026 Listed $410,000

Frequently Asked Questions About 506 W 51st ST # A, Austin TX 78751

When was 506 W 51st ST # A, Austin TX 78751 built?

506 W 51st ST # A, Austin TX 78751 was built in 1950. It is frame, stone veneer construction with 946 square feet on a 0.077 acre lot.

How much does 506 W 51st ST # A, Austin TX 78751 cost?

506 W 51st ST # A, Austin TX 78751 sold on March 30, 2026. Contact us for sale price details.

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