506 El Paso ST, Austin TX 78704

Off Market

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Ed's Opinion of Value

$549,977 Ed's Estimate: $604,511 $775,000

Lowest Comp Recommended List: $714,000 to $770,000 Highest Comp

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $604,511. I'd recommend coming to market at $714,000 to $770,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in HUNTER. Built in 1946, this home is 6 years older than the average comp, which is reflected in the adjustments. Right now, 3 similar properties are competing for buyers in HUNTER, listed between $649,000 and $775,000. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 405 El Paso ST, Austin TX 78704 nearby adjusts to $549,977; with a larger floor plan. With 4 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group

78704 Market Trends

$865,000 Median Sold Price ▼ 3.8% 6mo

$500/sqft Median $/SqFt ▼ 4.4% 6mo

87 days Avg Days on Market 20 days slower

357 homes Active Inventory 8.7 mo supply

96.1% Sale-to-List Ratio

245 Sales (6 months)

Recently Sold Comparables

$549,977 adjusted 405 El Paso ST, Austin TX 78704 3bd / 2.0ba • 1,458 sqft • 0.1 mi Sold 7 months ago

$592,135 adjusted 303 Ben Howell DR, Austin TX 78704 2bd / 2.0ba • 1,454 sqft • 0.2 mi Sold 3 months ago

$583,550 adjusted 900 Herndon LN, Austin TX 78704 3bd / 2.0ba • 1,134 sqft • 0.4 mi Sold 12 months ago

$714,134 adjusted 2609 S 3rd ST, Austin TX 78704 2bd / 1.0ba • 1,176 sqft • 0.2 mi Sold 9 months ago

Currently on Market

$775,000 3108 Fontana DR, Austin TX 78704 3bd / 2.0ba • 1,352 sqft • 0.3 mi 1 days on market

$649,000 504 Powell CIR, Austin TX 78704 3bd / 2.0ba • 1,500 sqft • 0.1 mi 23 days on market

$755,000 2805 S 5th ST, Austin TX 78704 2bd / 1.0ba • 1,170 sqft • 0.3 mi 195 days on market

3 Beds

2 Baths 2 Full

1,334 Sq Ft

0.15 Acres

1946 Built

About This Property

Build your dream home in Central Austin on desirable El Paso Street in 78704. Great flat lot with gorgeous trees, 1 beautiful Pecan tree in the front yard and 2 huge Sycamore trees in the side/back yard. Just a block and a half to South 1st street + Torchy's tacos where President Obama visited. Beautiful new construction are being built all around this site on El Paso and adjacent streets. Rare opportunity to buy a lot and design/build your home on flat beautifully treed lot on great street --Hurry!

Features

Primary Bedroom on Main
See Remarks

Location

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Schools

School District Austin ISD

Elementary Dawson

Middle School Fulmore

High School Travis

Property Details

Property Type Land

Flooring Wood

Cooling Other

Heating See Remarks

Exterior Exterior Steps

County Travis

MLS # 3227196

Tax Information

Annual Taxes $3,816 (2015)

Listing History

MLS# 3227196 39 days

Aug 15, 2016	Off Market
Jul 13, 2016	Price Change	$325,000
Jun 16, 2016	Listed	$364,500

Frequently Asked Questions About 506 El Paso ST, Austin TX 78704

When was 506 El Paso ST, Austin TX 78704 built?

506 El Paso ST, Austin TX 78704 was built in 1946.

How much does 506 El Paso ST, Austin TX 78704 cost?

506 El Paso ST, Austin TX 78704 sold on August 15, 2016. Contact us for sale price details.

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