See Home Value
$699,000
House - Off Market

1508 Chelsea LN

Austin, TX 78704
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1628 Sqft
$4,670
Estimated Monthly
$0
HOA / Fees

About This Property

Unlock the potential of this remarkable .159-acre lot nestled in the heart of coveted 78704. Here's your chance to reimagine the possibilities: renovate the original 1930s home that graces the property, or start from scratch and craft your dream residence in this highly sought-after location. Mature trees line the back side of the property providing a natural canopy that compliments the charming existing home. This cozy dwelling offers 3 bedrooms and 2 bathrooms, basking in abundant natural light throughout. With city sewer and water connections in place, this lot is primed for transformation. Located just blocks away from an array of Austin's hottest restaurants and attractions, and boasting easy access to I-35, Riverside, and Lady Bird Lake, you'll relish the convenience of city living. Downtown Austin is just minutes away, offering the vibrant energy and cultural experiences that make this city renowned. This unique opportunity is tucked away in a quiet pocket, offering a lifestyle that blends urban accessibility with the tranquility of a secluded oasis. Don't let this extraordinary opportunity pass you by-take the reins and make your mark in the heart of Austin's most coveted neighborhood.
Unit Size
1,628Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$429
Property Type
House
Property Taxes
$1,238
HOA Dues
-
Year Built
1937
Last updated: 2 months ago (Unlock MLS #ACT3493804)

Price History

Date / Event Date Event Price
Feb 9, 2024 In contract -
In contract
Feb 2, 2024 Price Decreased $699,000
↓ $40K (5.4%)
Price Decreased
Sep 12, 2023 Listed by Compass RE Texas, LLC $739,000
Listed by Compass RE Texas, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Carport
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,924
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,628
  • Gross Building Area: 1,628
  • Building Area: 1,628
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,628
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRAVIS HEIGHTS
  • Land Acres: 0.159
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 23 BLK 44 TRAVIS HEIGHTS

Ownership

  • Current Owner : MARTIN ASHLEY
  • Current Owner 2: VELASQUEZ MIGUEL
  • Previous Owner : BRYAN FLOY K
  • Owner Before Previous Owner: HOBBS TIMOTHY C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Austin Independent School District
  • School Tax School District: AUSTIN ISD
  • Census Tract: 001402

Geography

  • Assessors Map Reference: 0302030803
  • Account Number: 283599
  • Parcel: 283599
  • Block: 44
  • Lot: 23
  • Municipality: CITY OF AUSTIN
  • Latitude: 30.2442
  • Longitude: -97.7385

    Address

  • Full Address: 1508 Chelsea Ln
  • Address - House Number: 1508
  • Address - Street Name: Chelsea
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Austin
  • Carrier Code: C002
  • 4-Digit Zip Code: 2609
  • Zip Code: 78704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,030
  • Tax Rate Code Area: 68

    Appraisal Valuation

  • Standard Deviation: 0.2503
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 64
  • Final Value: 1,051,477
  • High Value: 1,314,758
  • Low Value: 788,197

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $658,350
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE, LLC
  • First Open Lien Mortgage Recording Date: Mar 05, 2024
  • First Open Lien Mortgage Loan Amount: $658,350
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Market Valuation

  • Market Total Value: $1,059,994
  • Market Land Value: $800,000
  • Market Improvement Value: $259,994

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $827,122

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 04, 2024
  • Current Sale Recording Date: Mar 05, 2024
  • Current Sale Transaction ID: 11922563696
  • Current Sale Price: $875,605
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 23599
  • Previous Sale Recording Date: Feb 27, 2024
  • Previous Sale Contract Date: Feb 26, 2024
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE, LLC
  • First Mortgage Transaction Date: Mar 05, 2024
  • First Mortgage Loan Amount: $658,350
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2054



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
1,248 ft²
$560/ft²
$699,000 Oct 6, 2023
- Nov 30, -0001
$1,188/mo
House
2 Beds
1 Bath
1,039 ft²
$778/ft²
$808,018 Nov 13, 2023
- Nov 30, -0001
$1,282/mo
House
2 Beds
3 Baths
1,074 ft²
$582/ft²
$625,000 Oct 15, 2023
- Nov 30, -0001
$667/mo
Condo
2 Beds
2 Baths
1,212 ft²
$678,000 Apr 29, 2019
$611,000 - $745,000 Jun 18, 2019
$1,701/mo
House
3 Beds
3 Baths
1,886 ft²
$371/ft²
$700,000 Nov 17, 2023
-
$1,035/mo
House
3 Beds
3 Baths
2,102 ft²
$397/ft²
$835,000 Oct 12, 2023
-
$930/mo
Condo
3 Beds
3 Baths
1,613 ft²
$371/ft²
$599,000 Sep 22, 2023
-
$80/mo
Condo
3 Beds
3 Baths
1,465 ft²
$443/ft²
$649,000 Mar 1, 2024
-
$552/mo
Condo
3 Beds
3 Baths
2,006 ft²
$398/ft²
$799,000 Feb 15, 2024
-
$1,072/mo
House
2 Beds
2 Baths
1,100 ft²
$659/ft²
$725,000 Nov 21, 2023
-
$585/mo
House
4 Beds
3 Baths
2,202 ft²
$366/ft²
$805,000 Oct 16, 2023
-
$1,071/mo
Condo
4 Beds
3 Baths
1,665 ft²
$375/ft²
$624,000 Feb 9, 2024
-
$857/mo

About Greater South River City


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Frequently Asked Questions

When was property at 1508 Chelsea Lane built and last sold?
The property at 1508 Chelsea Lane was built in 1937 and last sold on Mar 4, 2024 for $875,605.
How much is this home worth?
The estimated value of the home located at 1508 Chelsea Lane is $720,089.
What are some comparable homes to 1508 Chelsea Lane?
Homes that are comparable to 1508 Chelsea Lane include a house property at 1617 Elmhurst Drive, 2148 Sage Creek Loop, 2210 Schriber Street.

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