27
Map
Video Tour
$694,000
●
House -
Off Market
1603 Grayford DR
Austin, TX 78704
3 Beds
2 Baths
1,459 Ft²
$4,647
Est. Monthly
1.90%
Cap Rate
About This Property
Charming Remodeled Home in Prime South Austin – 78704
Welcome to 1603 Grayford Drive, a beautifully updated home located in the heart of South Austin's highly sought-after 78704 zip code. Nestled on a huge .199 acre lot, this 3-bedroom, 2-bathroom gem blends modern upgrades with classic Austin charm.
Remodeled in 2021, the home features an open and functional layout with granite countertops, contemporary finishes, and thoughtful updates throughout. The spacious backyard is a true retreat - enjoy a turf area perfect for relaxing, entertaining, or play.
Set in a neighborhood with many newly renovated and custom-built homes, this property offers an incredible opportunity to own in one of Austin's fastest-growing and most vibrant communities. Just minutes from local favorites like South Congress, Zilker Park, and Downtown Austin.
Welcome to 1603 Grayford Drive, a beautifully updated home located in the heart of South Austin's highly sought-after 78704 zip code. Nestled on a huge .199 acre lot, this 3-bedroom, 2-bathroom gem blends modern upgrades with classic Austin charm.
Remodeled in 2021, the home features an open and functional layout with granite countertops, contemporary finishes, and thoughtful updates throughout. The spacious backyard is a true retreat - enjoy a turf area perfect for relaxing, entertaining, or play.
Set in a neighborhood with many newly renovated and custom-built homes, this property offers an incredible opportunity to own in one of Austin's fastest-growing and most vibrant communities. Just minutes from local favorites like South Congress, Zilker Park, and Downtown Austin.
Unit Size
1,459 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$476
Property Type
House
Property Taxes
$1,239
HOA Dues
-
Year Built
1964
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Unlock MLS #ACT5425110)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2025 | No longer available | - | |
| No longer available | |||
| Jul 9, 2025 | Price Decreased |
$694,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Apr 17, 2025 | Listed by Meador Realtors | $699,000 | |
| Listed by Meador Realtors | |||
| Jul 28, 2017 | Listed | $399,000 | |
| Listed | |||
| | |||
|
Beautifully remodeled south Austin home on a huge lot. Move-in ready w/ room to add on later. Meticulously remodeled to accommodate the discerning buyer. Modern kitchen w/ stainless appliances, custom cabinets, granite countertops and tile backsplash. Engineered floors in the living area, tile in the kitchen and recent carpet in the bedrooms. This house feels huge - open floor plan maximizes living area. Lounge and bonus rm offer great flexibility. Incredible backyard & patio perfect for evenings outside. The manager has listed the unit size as 1227 square feet.
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About South Lamar
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Robert Ellis
Listed Office: Meador Realtors - Listing courtesy of Unlock MLS
Phone: (512) 820-5213
Last Updated: 2025-10-01 04:40:42
Data Source: Unlock MLS, MLS# ACT5425110
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Meador Realtors - Listing courtesy of Unlock MLS
Phone: (512) 820-5213
Last Updated: 2025-10-01 04:40:42
Data Source: Unlock MLS, MLS# ACT5425110
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017