See Home Value
Austin 78704 South Lamar
1402 Valleyridge DR #22A
$469,000
● Land - Off Market

1402 Valleyridge DR #22A

Austin, TX 78704
bedrooms
Studio
bathrooms
0 Bath
$3,039
Est. Monthly

About This Property

A GOLDEN opportunity for investors and developers to secure a prime lot in the highly sought-after 78704 zip code, with the ability to build 3 units under the new HOME code. Strategically located just minutes from Zilker Park, Downtown Austin, South Congress, and Austin's best dining, shopping, and entertainment, this property is situated in one of the fastest-growing and most desirable neighborhoods in the city. With Lot 22A measuring 10,935 SQFT, this lot can accommodate three units, with a total Floor Area Ratio (FAR) of 7,107 SQFT, maximizing development potential. Whether you choose to build and sell three luxury homes or develop high-end rental units, this opportunity offers substantial returns in a high-demand market. Adding to its appeal, the site offers unobstructed downtown Austin views, further enhancing the value of future properties. With Austin's real estate market experiencing continued appreciation and strong buyer demand, this project presents a lucrative investment in a premium location. The listing agent is available to assist with detailed development analysis, architectural and engineering coordination, and builder selection, ensuring a seamless path from acquisition to completion. Buyer to complete all due diligence and verify all information. Don't miss out on this rare investment opportunity in one of Austin's most thriving areas!
Unit Size
-
Days on Market
-
Land Size
0.32 acres
Price per sqft
-
Property Type
Land
Property Taxes
$736
HOA Dues
-
Year Built
1971

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (Unlock MLS #ACT9518012)

Price History

Date / Event Date Event Price
Apr 19, 2025 Withdrawn -
Withdrawn
Apr 8, 2025 Price Decreased $469,000
↓ $49K (9.5%)
Price Decreased
Feb 19, 2025 Listed by Compass RE Texas, LLC $518,000
Listed by Compass RE Texas, LLC

Property Highlights


Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 31
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 570
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,255
  • Lot Size Depth Feet: 2,400
  • Lot Size Frontage Feet: 990
  • Total Building Area: 2,124
  • Gross Building Area: 2,124
  • Building Area: 1,554
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,554
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHRIDGE SEC 4
  • Land Acres: 0000000832
  • Standard Land Use Code: 1101
  • County Land Use Code: B2
  • State Land Use Code: B2
  • Legal Description 1: LOT 22 BLK E SOUTHRIDGE SEC 4

Neighborhood

  • School District Name: Austin Independent School District
  • School Tax School District: AUSTIN ISD
  • Census Tract: 002006

Geography

  • Assessors Map Reference: 0405080333
  • Account Number: 307746
  • Parcel: 307746
  • Block: E
  • Lot: 22
  • Municipality: CITY OF AUSTIN
  • Latitude: 30.2358
  • Longitude: -97.7742

    Address

  • Full Address: 1402 Valleyridge Dr
  • Address - House Number: 1402
  • Address - Street Name: Valleyridge
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Austin
  • Carrier Code: C026
  • 4-Digit Zip Code: 6046
  • Zip Code: 78704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,651,620
  • Tax Rate Code Area: 68

    Appraisal Valuation

  • Standard Deviation: 0.2297
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 68
  • Final Value: 996,105
  • High Value: 1,224,980
  • Low Value: 767,230

    Market Valuation

  • Market Total Value: $934,724
  • Market Land Value: $607,500
  • Market Improvement Value: $327,224

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $934,724
  • Assessed Land Value: $607,500
  • Assessed Improvements Value: $327,224

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Jul 08, 2021
  • Current Sale Price:
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021152338
  • Previous Sale Recording Date: Nov 04, 1998
  • Previous Sale Contract Date: Oct 29, 1998
  • Previous Sale Amount: $86,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Lamar


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 4427 Gillis St, Austin, TX, 78745

$3,795 /mo

  • 3 Beds
  • 3 Baths
  • 1,399 ft²
4427 Gillis St #2, Austin, TX, 78745 Listing by Soud Twal
Unit for rent at 805 W Mary St, Austin, TX, 78704

$8,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,925 ft²
805 W Mary St, Austin, TX, 78704 Listing by Allan Hanson
Unit for rent at 200 Congress Ave, Austin, TX, 78701

$9,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,784 ft²
200 Congress Ave #28SW, Austin, TX, 78701 Listing by Alexa Messer


Frequently Asked Questions

When was property at 1402 Valleyridge Drive built and last sold?
The property at 1402 Valleyridge Drive was built in 1971 and last sold on Jul 2, 2021 for $877,500.
How much is this home worth?
The estimated value of the home located at 1402 Valleyridge Drive is $907,990.
What are some comparable homes to 1402 Valleyridge Drive?
There are currently no comparable homes to 1402 Valleyridge Drive.