603 Peacock LN, Austin TX 78704

Austin, TX 78704 | Isaac Decker Surv 20 Abs

Off Market

Currently zoned SF-3 for potential redevelopment into a duplex under a condo regime. Adjacent to NO-V property (to the east), and potential to rezone under Vertical Mixed Use ordinance to NO or NO-V.

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Ed's Opinion of Value

$476,277 Ed's Estimate: $623,984 $789,768

Lowest Comp Recommended List: $445,000 to $455,000 Highest Comp

My analysis of 6 comparable properties puts this home's estimated value at $623,984. Based on how the local market is moving, a list price between $445,000 and $455,000 would position this home well. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in 78704's current inventory. At 5 years older than typical comps, the 1948 build date influences the valuation. The larger lot (0.27 acres versus the area average of 0.17) contributes to the valuation. The comp data here (6 sales in 78704) 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

78704 Market Trends

$869,000 Median Sold Price ▼ 0.7% 6mo

$516/sqft Median $/SqFt ▼ 0.2% 6mo

74 days Avg Days on Market unchanged

354 homes Active Inventory 8 mo supply

96.0% Sale-to-List Ratio

265 Sales (6 months)

Recently Sold Comparables

$688,627 adjusted 2609 S 3rd ST, Austin TX 78704 2bd / 1.0ba • 1,176 sqft • 0.4 mi Sold 11 months ago

$789,768 adjusted 1109 Fieldcrest DR, Austin TX 78704 3bd / 1.0ba • 1,263 sqft • 0.6 mi Sold 14 days ago

$476,277 adjusted 2520 S 6TH ST S, Austin TX 78704 2bd / 2.0ba • 1,039 sqft • 0.5 mi Sold 2 months ago

$613,305 adjusted 2506 Euclid Ave, Austin TX 78704 3bd / 1.0ba • 1,008 sqft • 0.5 mi Sold 20 days ago

$536,094 adjusted 2503 S 4th ST, Austin TX 78704 2bd / 1.0ba • 990 sqft • 0.5 mi Sold 5 months ago

Currently on Market

$750,000 2805 S 5th ST, Austin TX 78704 2bd / 1.0ba • 1,170 sqft • 0.3 mi 234 days on market

$650,000 2905 Brinwood Ave, Austin TX 78704 2bd / 2.0ba • 1,118 sqft • 0.3 mi 87 days on market

$650,000 300 Lightsey RD # 2, Austin TX 78704 2bd / 2.0ba • 1,100 sqft • 0.3 mi 94 days on market

3 Beds

1 Baths 1 Full

1,144 Sq Ft

0.274 Acres

1948 Built

About This Property

Excellent redevelopment opportunity on a large (11,390+ SF) lot in HOT 78704 South First Street in the Galindo neighborhood. Ignore days on market, property was previously zoned NO, and is NOW zoned SF-3 and ready for development of a duplex/condo regime (many others in the area). Build out value potential ranges from $1.2M to $1.5M (buyer to verify). Close to everything, walking distance to St. Edwards University, and restaurants and shops on SoCo, SoFi, and SoLA, Dawson Elementary, and more.

Features

Primary Bedroom on Main

Location

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Schools

School District Austin ISD

Elementary Dawson

Middle School Fulmore

High School Travis

Property Details

Property Type Land

Flooring Vinyl, Wood

Cooling Wall/Window Unit(s), Other

Heating Central, See Remarks

Exterior None

County Travis

MLS # 2563374

Listing History

MLS# 2563374 22 days

Jun 30, 2017	Off Market
Jun 9, 2017	Listed	$615
Feb 24, 2017	Price Change	$615,000

MLS# 2434752 144 days

Mar 31, 2017	Off Market
Oct 5, 2016	Listed		$575,000

MLS# 4511936 144 days

Mar 31, 2017	Off Market
Oct 5, 2016	Listed		$575,000

MLS# 7674341 144 days

Mar 31, 2017	Off Market
Oct 5, 2016	Listed		$575,000

Frequently Asked Questions About 603 Peacock LN, Austin TX 78704

When was 603 Peacock LN, Austin TX 78704 built?

603 Peacock LN, Austin TX 78704 was built in 1948.

How much does 603 Peacock LN, Austin TX 78704 cost?

603 Peacock LN, Austin TX 78704 is currently off market.

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