$400,000
For Sale

7503 Carriage Drive

Austin, TX 78752
1110 sqft | 3 beds | 2 baths | 0.31 acres | #4651428
Type:Purchase
Structure:House
Zone:Residential

Description

Incredible opportunity in the heart of north central Austin in The Highland Neighborhood with convenient access to The Domain, Q2 Stadium, Mueller Community, The Triangle, The University of Texas, and only 6 miles from downtown. Multiple possibilities. The existing structure can be remodeled and expanded up to 4,357 square feet and include an ADU of up to 1,100 square feet. This .313-acre property is zoned SF-3 NP Family Residence. A recent feasibility analysis reports that the lot supports a duplex with up to 2,728 sq ft per side. The lot could be subdivided into Lot A (front lot) of 5,940 square feet and Lot B of 6,468 square feet. Lot A can reportedly support a main house of 1485 square feet and an ADU of 891 square feet. Lot B could support a main house of 1,617 square feet and an ADU of 970 square feet. Recent sales of new construction in this area support an average sales price of $429 per square foot, projecting an estimated potential of $2,340,000 in finished construction with the duplex scenario. The subdivision development scenario supports 4963 square feet of completed new construction. Recent sales of smaller new construction dwellings demonstrate an average sale price of $463 per square foot for a projected $2,300,000. All estimates are projections and due diligence regarding feasibility and financial projections is the buyer's responsibility.

  • Property Details
      • Utility FeaturesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
      • InteriorLaminate Counters, MainLevelPrimary
      • Lot DescriptionCul De Sac, Trees Large Size
      • High SchoolNavarro Early College
      • Property SubtypeSingleFamilyResidence
      • SubdivisionHoliday Hills Sec 01
      • Sewer InformationPublic Sewer
      • School DistrictAustin ISD
      • Property TypePurchase
      • Original List Price$500,000
      • MLS #4651428
      • MLS #4651428
      • Acres0.3132
      • Utility SourcePublic
      • CountyTravis
      • Taxes Annual$9,353
      • Cost400000
      • Property ConditionResale
      • Elementary SchoolBrown
      • Square Feet1110
      • Year Built1960
      • FoundationSlab
      • Middle SchoolWebb
      • Days on Market (Cumulative)309
      • Bedrooms3
      • Bathrooms2
      • Full Baths2
      • Parking Spaces2

Location

Catie HillReal Estate Group

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