8824 East DR, Austin TX 78753

Off Market

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Ed's Opinion of Value

$185,000 Ed's Estimate: $284,953 $399,900

Lowest Comp Recommended List: $197,000 to $207,000 Highest Comp

My analysis of 7 comparable properties puts this home's estimated value at $284,953. Based on how the local market is moving, a list price between $197,000 and $207,000 would position this home well. Relative to what's currently available in GEORGIAN ACRES, this home would be the 4th most expensive of 7 comparable homes on the market. At 27 years older than typical comps, the 1951 build date influences the valuation. The larger lot (0.88 acres versus the area average of 0.19) contributes to the valuation. With 7 similar homes currently listed in GEORGIAN ACRES (a buyer's market), competition is a factor to consider. The 6 month price trend in 78753: fallen 1.8%. The best comp here is 407 Middle LN, Austin TX 78753 at an adjusted value of $188,700, with a smaller floor plan. With 7 comparable sales in GEORGIAN ACRES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group

78753 Market Trends

$360,000 Median Sold Price ▼ 1.8% 6mo

$232/sqft Median $/SqFt ▲ 4.8% 6mo

66 days Avg Days on Market 9 days faster

85 homes Active Inventory 4.3 mo supply

96.8% Sale-to-List Ratio

120 Sales (6 months)

Recently Sold Comparables

$188,700 adjusted 407 Middle LN, Austin TX 78753 2bd / 1.0ba • 832 sqft • 0.3 mi Sold 2 months ago

$317,166 adjusted 403 MIDDLE LN # B, Austin TX 78753 3bd / 2.0ba • 960 sqft • 0.3 mi Sold 17 days ago

$300,736 adjusted 309 E Lola DR, Austin TX 78753 3bd / 2.0ba • 1,130 sqft • 0.7 mi Sold 2 months ago

$288,437 adjusted 600 W Applegate DR, Austin TX 78753 3bd / 1.0ba • 950 sqft • 1.4 mi Sold 6 months ago

$298,426 adjusted 11837 Shropshire BLVD, Austin TX 78753 3bd / 1.0ba • 1,020 sqft • 2.8 mi Sold 1 months ago

Currently on Market

$310,000 8801 Little Walnut DR, Austin TX 78753 3bd / 2.0ba • 1,094 sqft • 0.1 mi 161 days on market

$399,900 9104 Georgian DR, Austin TX 78753 2bd / 3.0ba • 1,033 sqft • 0.3 mi 375 days on market

$185,000 8611 Georgian DR, Austin TX 78753 4bd / 1.0ba • 960 sqft • 0.2 mi 1 days on market

3 Beds

1 Baths 1 Full

1,092 Sq Ft

0.8795 Acres

1951 Built

About This Property

This property is an ideal opportunity for investors looking for a fixer-upper. The house has 3 bedrooms and 1 bathroom, sitting on a large .88 acre lot. Although the house is currently gutted, it has original wood floors throughout which can be restored to their former beauty.
There are also two sheds on the property, one 240 SF with high ceilings of 9'. This provides ample storage space or could potentially be converted into additional living space. The property backs to an empty lot with no neighbors behind for added privacy. One unique aspect of this property is that it has two water meters, making it possible to subdivide or replat the lot at the buyer's expense. This adds even more potential value to this investment opportunity. The location of this property is also highly convenient – less than 5 minutes from both IH35 and 183 highways, making commuting a breeze. It's also less than 20 minutes from both Austin-Bergstrom International Airport and downtown Austin.

Features

Primary Bedroom on Main
See Remarks

Location

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Schools

School District Austin ISD

Elementary Barrington

Middle School Webb

High School Navarro Early College

Property Details

Property Type Residential

Flooring Wood

Cooling Other

Heating See Remarks

Exterior No Exterior Steps

County Travis

MLS # 4143812

Listing History

MLS# 4143812 20 days (19 CDOM)

Apr 19, 2024	Off Market
Feb 14, 2024	Listed		$550,000

Frequently Asked Questions About 8824 East DR, Austin TX 78753

When was 8824 East DR, Austin TX 78753 built?

8824 East DR, Austin TX 78753 was built in 1951.

How much does 8824 East DR, Austin TX 78753 cost?

8824 East DR, Austin TX 78753 sold on April 19, 2024. Contact us for sale price details.

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