516 Terrace DR, Austin TX 78704

Austin, TX 78704 | Blue Bonnet Hills

Ed's Opinion of Value

$535,223 Ed's Estimate: $892,723 $1,525,000
Lowest Comp Recommended List: $875,000 to $911,000 Highest Comp

Listing History

$3,500 List Price
$929,774 Comp Value
1 Price Reductions

This property was listed at $3,500 and expired after 92 days on market. The price was reduced from $3,600 to $3,500. This listing activity factors into the valuation.

The estimated value of this property is $892,723, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $875,000 and $911,000. Among the similar homes currently available in BLUE BONNET HILLS, this price point stands out as competitive. This home's smaller footprint (360 sqft vs the comp average) plays a role in how the market prices it. Built in 1935, this home is 28 years older than the average comp, which is reflected in the adjustments. With 7 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
2 Beds
2 Baths 2 Full
1,375 Sq Ft
0.1492 Acres
1935 Built

About This Property

10 min walk to S. Congress, across the street from Blunn Creek Greenbelt and Big Stacy Park and swimming Pool, and 5 minute walk to Travis Heights Elementary School, this ideally located 2 bed/2 bath updated property is all about lifestyle! Go for a run/walk/swim right across the street in the greenbelt whenever you feel like it, or easily walk to South Congress Ave for entertainment and food, or enjoy your evenings at home by dining on the *2nd story deck* or relax on the ROOFTOP deck! Never a dull moment. This property has new wood flooring, new bathroom vanities, new lighting fixtures and a new modern fence fully enclosing the yard to keep kids and pets safe or for enjoying evenings with friends. There is a fairly good sized lockable storage room built into the side of the property, under the deck.
Each bedroom is on a different floor and both have attached full bathrooms making it suitable for roommates too with privacy and lots of room for both. The room downstairs is approximately 400sf and has enough space to be set up as a suite with a bed, sitting area and office area easily.
All appliances in the updated kitchen are stainless steel including a French door refrigerator. Large size LG washer/dryer are included. There is an attached private one car parking and lots of easy street parking.

Features

  • Ceiling Fan(s)
  • Quartz Counters
  • Entrance Foyer

Location

Schools

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

Property Details

Property Type Residential Lease
Flooring Vinyl, Wood
Cooling Central Air
Heating Central, Electric
Exterior Private Yard
County Travis
MLS # 7702211

Listing History

MLS# 7702211 92 days
Aug 31, 2023 Off Market
Aug 24, 2023 Price Change $3,500
May 31, 2023 Listed $3,950

Frequently Asked Questions About 516 Terrace DR, Austin TX 78704

When was 516 Terrace DR, Austin TX 78704 built?

516 Terrace DR, Austin TX 78704 was built in 1935.

How much does 516 Terrace DR, Austin TX 78704 cost?

516 Terrace DR, Austin TX 78704 is currently off market.

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