Check Availability
$2,849,999
↓ $99K (3.4%)
House - For Sale

1402 Drake Ave

Austin, TX 78704
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
2953 Sqft
$16,357
Estimated Monthly
$0
HOA / Fees
0.44%
Cap Rate

About This Property

Nestled among majestic oak trees, this stunning almost 3,000 square foot high-end home boasts a captivating dark exterior that harmoniously blends with its lush surroundings. The sophisticated design wraps gracefully around the ancient oaks, creating a serene and private sanctuary that exudes both elegance and tranquility. This luxurious 4-bedroom, 4.5-bathroom residence offers the perfect blend of modern, contemporary, and farmhouse styles. Each of the four generously proportioned bedrooms features an ensuite bathroom, ensuring ultimate comfort and privacy for residents and guests alike. Situated just one block off Austin's famed South Congress Street in the coveted Travis Heights neighborhood, this magazine-worthy home was meticulously built by Moore-Tate in 2022 with high-end details and an exceptional finish-out. The prime location offers easy access to a greenbelt and walking trail, leading to local shops, restaurants, and hotels. Enjoy a leisurely stroll to Hotel Magdalena, Aba, Home Slice Pizza, Jo's Coffee, and Four Seasons brunch, or explore the new Austin vibe with Soho House, Equinox, and Hermes. Completed in Spring 2022 and meticulously maintained, this residence offers ample indoor and outdoor entertaining options, including a charming screened-in porch area at the front of the house. A rare garage space adds to the convenience of downtown living. Ideal for hosting guests and friends, the home features a second-floor mudroom and laundry area near the master suite, providing practicality and abundant storage throughout the property. Experience the ultimate in luxury living, where the elegance of modern design meets the timeless beauty of nature in this exceptional oak tree haven, just steps away from the vibrant heart of Austin!
Unit Size
2,953Ft²
Days on Market
42 days
Land Size
0.18 acres
Price per sqft
$965
Property Type
House
Property Taxes
$2,362
HOA Dues
-
Year Built
2021
Listed By
John Teinert
Austin Fine Properties LLC
Last updated: 2 months ago (Unlock MLS #ACT4936216)

Price History

Date / Event Date Event Price
Mar 29, 2024 Price Decreased $2,849,999
↓ $99K (3.4%)
Price Decreased
Mar 26, 2024 Listed by Austin Fine Properties LLC $2,949,000
Listed by Austin Fine Properties LLC

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Covered Spaces: 1
Total Number of Parking: 2
Parking Features: Driveway, Garage
Garage Spaces: 1
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 4

Interior Information

Interior Features: Breakfast Bar, Built-in Features, Vaulted Ceiling(s), Stone Counters, Gas Dryer Hookup, Entrance Foyer, Interior Steps, Kitchen Island, Smart Home, Walk-In Closet(s), Washer Hookup
Appliances: Built-In Gas Oven, Dishwasher, Disposal
Flooring Type: Stone, Wood
Cooling: Central Air, Exhaust Fan, Humidity Control, Zoned
Heating: Central
Living Area: 2953

Room 1

Level: Second
Type: Primary Bedroom
Features: Double Vanity, Full Bath, High Ceilings, Recessed Lighting, Smart Thermostat

Room 2

Level: Second
Type: Primary Bathroom
Features: Double Vanity, Full Bath, High Ceilings, Low Flow Plumbing Fixtures, Recessed Lighting, Separate Shower, Smart Thermostat

Room 3

Level: Main
Type: Bedroom
Features: Stone Counters, Full Bath

Room 4

Level: Main
Type: Bathroom
Features: Stone Counters, High Ceilings, Recessed Lighting

Room 5

Level: Second
Type: Bedroom
Features: Stone Counters, Full Bath, High Ceilings

Room 6

Level: Second
Type: Bathroom
Features: Stone Counters, Double Vanity, High Ceilings

Room 7

Level: Second
Type: Bedroom
Features: Stone Counters, Full Bath, High Ceilings

Room 8

Level: Second
Type: Bathroom
Features: Stone Counters, Full Bath, High Ceilings

Room 9

Level: Main
Type: Kitchen
Features: Beamed Ceilings, Center Island, Stone Counters, Dining Room, Gourmet Kitchen, High Ceilings

Fireplace Information

Fireplace Features: None

Building Info

Overview

    General

  • Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Square Area: 307
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,662
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 630
  • Total Building Area: 3,260
  • Gross Building Area: 3,260
  • Building Area: 2,953
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,953
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: FAIRVIEW PARK
  • Land Acres: 0.176
  • Legal Description 1: LOT 8A PLUS SE TRI OF LOT 9A RESUB LT 4 5 8 9 & 10 KIRSCHNER RESUB OF BLK 10 FAIRVIEW PARK

Ownership

  • Current Owner : MOORE DIRT LP
  • Previous Owner : AHERN MARK F
  • Is Owner Occupied: unknown

Neighborhood

  • School District Name: Austin Independent School District
  • School Tax School District: AUSTIN ISD
  • Census Tract: 001401

Geography

  • Assessors Map Reference: 0300010805
  • Account Number: 282742
  • Parcel: 282742
  • Block: 10
  • Lot: 8A
  • Municipality: CITY OF AUSTIN
  • Latitude: 30.2493
  • Longitude: -97.7473

    Address

  • Full Address: 1402 Drake Ave
  • Address - House Number: 1402
  • Address - Street Name: Drake
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Austin
  • Carrier Code: C001
  • 4-Digit Zip Code: 2439
  • Zip Code: 78704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,964
  • Tax Rate Code Area: 68

    Appraisal Valuation

  • Standard Deviation: 0.2444
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 65
  • Final Value: 1,451,574
  • High Value: 1,806,395
  • Low Value: 1,096,753

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,025,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: May 31, 2022
  • First Open Lien Mortgage Loan Amount: $2,025,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $1,566,839
  • Market Land Value: $800,000
  • Market Improvement Value: $766,839

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,566,839
  • Assessed Land Value: $800,000
  • Assessed Improvements Value: $766,839

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 20, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Transaction ID: 11820311802
  • Current Sale Price: $1,525,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2020225921

    Last Sale Mortgage

  • First Mortgage Lender: DOWNTOWN AUSTIN FINANCIAL CENT
  • First Mortgage Transaction Date: Nov 23, 2020
  • First Mortgage Loan Amount: $1,220,010
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
3,400 ft²
$853/ft²
$2,900,000 Feb 8, 2024
- Nov 30, -0001
$1,719/mo
House
4 Beds
4 Baths
3,123 ft²
$985/ft²
$3,075,000 Feb 7, 2024
- Nov 30, -0001
$3,340/mo
House
4 Beds
4 Baths
3,459 ft²
$3,512,000 Apr 8, 2022
$3,161,000 - $3,863,000 May 11, 2022
$3,058/mo
Condo
3 Beds
3 Baths
2,227 ft²
$1,120/ft²
$2,495,000 Jul 17, 2023
- Nov 30, -0001
$1,581/mo
Condo
2 Beds
3 Baths
1,953 ft²
$1,280/ft²
$2,499,000 Feb 1, 2024
- Nov 30, -0001
$5,265/mo
Land
Loft
-
-
$2,500,000 Jun 23, 2023
- Nov 30, -0001
-
House
4 Beds
4 Baths
2,934 ft²
$951/ft²
$2,790,000 Jan 3, 2024
-
$1,453/mo
House
4 Beds
5 Baths
3,205 ft²
$889/ft²
$2,850,000 Nov 29, 2023
-
$983/mo
House
4 Beds
5 Baths
3,123 ft²
$857/ft²
$2,675,000 Feb 15, 2024
-
$1,001/mo
House
5 Beds
5 Baths
2,988 ft²
$935/ft²
$2,795,000 Mar 22, 2024
-
$1,913/mo
House
3 Beds
4 Baths
3,075 ft²
$842/ft²
$2,590,000 Jun 2, 2023
-
$1,744/mo
House
3 Beds
3 Baths
3,291 ft²
$911/ft²
$2,999,000 Nov 6, 2023
-
-

About Greater South River City


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Frequently Asked Questions

When was property at 1402 Drake Avenue built and last sold?
The property at 1402 Drake Avenue was built in 2021 and last sold on Nov 20, 2020 for $1,525,000.
How much is this home worth?
The estimated value of the home located at 1402 Drake Avenue is $2,840,193.
What are some comparable homes to 1402 Drake Avenue?
Homes that are comparable to 1402 Drake Avenue include a house property at 1506 Bouldin Avenue, 708 West Johanna Street, 212 Fletcher Street.

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