501 Texas Avenue Austin, TX 78705
Listing Courtesy of: Austin Board of Realtors / Coldwell Banker Realty / Chrissy Hand - (512) 343-7500
$1,375,000
5
BED
4
BATH
3,115
SQFT

  501 Texas Avenue Austin, TX 78705

Active (38 Days)

Description

First time on the market after over 50 years in the same family! Rare opportunity combining a premiere location with an incredible historic (built in 1922) front house and two garage apartments in the rear. Located in the Hancock neighborhood near UT with a .21/acre corner lot. Front home on the lot has gorgeous front porch, recent updates (both structural and cosmetic) and while currently separated out into two 1 bedroom |1 bath units with full kitchens and living rooms, it could easily be converted and restored to original single family home. Many options for this one besides returning the front house into a single family home: owner occupy one of the units, continue revenue generating with existing longer term tenants, determine future development / building opportunities, etc. Currently, the two Family Dwelling lot is used as fourplex and has been for a very long time. Electric is metered separately. Front house roofing work completed in 2018 - new roof decking, shingles, rebuild of rafter supports and replaced facia board and trim. Extensive foundation work performed to front home in 2019 by Centex Foundation - leveling of the foundation and added 25 concrete piers. Front house (501 Texas) cosmetic updates Unit A: tile walk-in shower, bathroom penny tile flooring, vanity, laminate flooring, updated tile wall in kitchen, tiled front porch, blinds For B Unit upstairs updates: tile shower surround, vanity, some laminate flooring.
Property has two separate addresses - 501 Texas for front house and 3411 Duval for back house
Be sure to visit matterport walk-through tour for virtual walk-through of all 4 units: https://www.chrissyhand.com/501texas
Central Austin location makes creatures comforts easy: Walk Score: 70 Transit Score: 62 Bike Score: 95
Buyer to independently verify all information including but not limited to square footage, lot size, year built, zoning, building restrictions, taxes, schools, etc.

MLS #:
1807870
Taxes
$21,694(2022)
Lot Size
9,191 SQFT
Type
Single-Family Home
Year Built
1922
School District
Austin Isd
County
Travis County
Community
Harpers
Bathroom Details
  • Full Bathrooms: 4
Interior Features
  • Windows: Blinds
  • See Remarks
  • Main Level Primary
  • No Interior Steps
  • Free-Standing Gas Range
  • Laundry: Gas Dryer Hookup
  • Laminate Counters
  • Windows: Aluminum Frames
Subdivision
  • Harpers
Lot Information
  • Level
  • Corner Lot
Property Features
  • Fireplace: 0
  • Foundation: Slab
  • Foundation: Pillar/Post/Pier
Heating and Cooling
  • Varies by Unit
Flooring
  • Carpet
  • Concrete
  • Wood
  • Tile
Exterior Features
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Public, Electricity Connected, Water Connected, Sewer Connected
  • Sewer: Public Sewer
School Information
  • Elementary School: Lee
  • Middle School: Kealing
  • High School: McCallum
Parking
  • Off Street
  • Outside
  • Common
Stories
  • 2
Living Area
  • 3,115 sqft
Additional Information: Northwest Austin | (512) 343-7500
Location
   
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.