908 E 56th ST, Austin TX 78751

Austin, TX 78751 | Morningside

Ed's Opinion of Value

$249,000 Ed's Estimate: $431,486 $565,622
Lowest Comp Recommended List: $222,000 to $232,000 Highest Comp
4 recent sales within half a mile of this address suggest a current value of $431,486. My recommended list price range for this property would be $222,000 to $232,000. In the current MORNINGSIDE market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The smaller floor plan (104 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1951, this home is 6 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in MORNINGSIDE; a balanced market based on recent absorption. In MORNINGSIDE, home values have fallen approximately 9.3% over the past 6 months. One of the strongest data points is 907 E 54th ST, Austin TX 78751, adjusting to $420,653; 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
2 Beds
1 Baths 1 Full
720 Sq Ft
0.2416 Acres
1951 Built

About This Property

Multibid. ‘Best & Final’ Offers due Wednesday, 3/27, @ 5pm. Wonderful Morningside location. $Value is in the land/location. Sold 'AS IS'. No additional seller repairs. Check with City of Austin if interested in expanding existing footprint, or perhaps adding a garage with a second story dwelling. Worth checking with CoA development office. Check flood plain in back of home. Note: Back of lot has partial 100-year flood plain. See docs for seller disclosure, survey, seller repair receipt, T-47 etc. Superb NE Austin LOCATION in 78751 zip code. A walkable, bike-able green space for urban naturalists! Large DUPLEX LOT with ONE existing 1951 single family home. The home will need updating, repair. The outbuilding is the laundry room. The home is being sold ‘AS IS’; with the property value primarily in the land. The new owner can re-imagine the many possibilities for updating, renovation and expansion. The lot is currently zoned SF-3-NP, is greater than 50 feet wide, and is larger than 7,000-sf. This property is near a MetroRail TRAIN STOP at Highland Station (Airport Blvd. and Highland Mall Blvd.) Previously, the existing single family home has been rented as an income property. It is vacant now. The rectangular lot is large and level. A gracious shade tree is well positioned in the front. $18K electrical update. Check your plans with CoA prior to submitting offer. Note: Fema 100-year floodplain in back half of lot.

Features

  • Ceiling Fan(s)
  • Primary Bedroom on Main
  • Washer Hookup
  • See Remarks

Location

Schools

School District Austin ISD
Elementary Ridgetop
Middle School Lamar (Austin ISD)
High School McCallum

Property Details

Property Type Residential
Flooring Wood
Cooling Central Air
Heating Central
Exterior Exterior Steps, Private Yard
County Travis
MLS # 7345215

Tax Information

Annual Taxes $10,801 (2023)

Listing History

MLS# 7345215 4 days
Apr 11, 2024 Off Market
Mar 23, 2024 Listed $315,000

Frequently Asked Questions About 908 E 56th ST, Austin TX 78751

When was 908 E 56th ST, Austin TX 78751 built?

908 E 56th ST, Austin TX 78751 was built in 1951.

How much does 908 E 56th ST, Austin TX 78751 cost?

908 E 56th ST, Austin TX 78751 sold on April 11, 2024. Contact us for sale price details.

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