509 Allen ST, Austin TX 78702

Austin, TX 78702 | Pipkin

Ed's Opinion of Value

$367,011 Ed's Estimate: $515,439 $688,451
Lowest Comp Recommended List: $505,000 to $526,000 Highest Comp

Listing History

$720,000 List Price
$506,916 Comp Value
1 Price Reductions

This property was listed at $720,000 and expired after 246 days on market. The price was reduced from $735,000 to $720,000. This listing activity factors into the valuation.

After reviewing 7 recent transactions in PIPKIN, I estimate this property's value at $515,439. A competitive list price for this home right now would fall in the $505,000 to $526,000 range. Buyers shopping in PIPKIN right now would see this as a well positioned option among 3 comparable homes. Being 566 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 42 years older than typical comps, the 1937 build date influences the valuation. The comp data here (7 sales in PIPKIN) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus
1 Beds
1 Baths 1 Full
768 Sq Ft
0.1474 Acres
1937 Built

About This Property

Location Location Location....Remarkable investment opportunity. Exceptional property with multiple possibilities for development. Located in the highly sought after East Austin area. Conveniently located nearby Grizzeldas, Justine's, Cloud Tree Art Studio/Gallery, Central Machine Works, Metro Rail, and just a 2 minute drive from downtown Austin. The property is zoned SF3, allowing flexibility of land use and in construction and development plans. This charming home offers 1 bedroom, 1 bathroom, and an abundance of natural light. There is opportunity to rebuild, teardown, or add another property on this lot along with this home. The property next door located at 507 Allen St is also for sale. Seller would like to sell both properties at the same time. This would give a investor or developer a chance to design and build brand new dwellings and maximize your investment. Don't miss out on this amazing opportunity!!

Features

  • Primary Bedroom on Main

Location

Schools

School District Austin ISD
Elementary Brooke
Middle School Martin

Property Details

Property Type Residential
Flooring Vinyl
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Heating Central, Natural Gas
Exterior Exterior Steps
County Travis
MLS # 6788303

Tax Information

Annual Taxes (MLS) $5,651 (2023)

Listing History

MLS# 6788303 246 days
Nov 29, 2024 Off Market
Jul 11, 2024 Price Change $720,000
Mar 28, 2024 Listed $735,000

Frequently Asked Questions About 509 Allen ST, Austin TX 78702

When was 509 Allen ST, Austin TX 78702 built?

509 Allen ST, Austin TX 78702 was built in 1937.

How much does 509 Allen ST, Austin TX 78702 cost?

509 Allen ST, Austin TX 78702 is currently off market.

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