Check Availability
$700,000
House - For Sale

2907 E 5th ST

Austin, TX 78702
bedrooms
2 Beds
bathrooms
1 Bath
square feet
652 Sqft
$4,315
Estimated Monthly
$0
HOA / Fees
2.91%
Cap Rate

About This Property

Investor's Dream! This fantastic property comes with a lucrative bonus – it's currently occupied by month-to-month tenants, providing you with a steady rental income stream while you navigate the permitting and zoning process for your development plans. Plus, if you're looking to expand your vision, the neighboring property at 2909 E 5th is also available, offering an expansive lot for your construction dreams. The current zoning, SF-3-NP, opens up a world of possibilities for your project. Situated in a prime location close to downtown, this opportunity is a rare find. Contact Melissa today to schedule an appointment, as opportunities like this one don't last long. As the buyer, you'll be responsible for conducting your due diligence regarding city permits and zoning verification. This property is being sold as-is, where-is, so don't miss your chance to seize this incredible investment opportunity!
Unit Size
652Ft²
Days on Market
226 days
Land Size
0.16 acres
Price per sqft
$1,074
Property Type
House
Property Taxes
$877
HOA Dues
-
Year Built
1920
Listed By
Melissa Mandry
Melissa Mandry
Keller Williams - Lake Travis
Last updated: 3 months ago (Unlock MLS #ACT5225715)

Price History

Date / Event Date Event Price
Sep 15, 2023 Listed by Keller Williams - Lake Travis $700,000
Listed by Keller Williams - Lake Travis
Investor's Dream! This fantastic property comes with a lucrative bonus a it's currently occupied by month-to-month tenants, providing you with a steady rental income stream while you navigate the permitting and zoning process for your development plans. Plus, if you're looking to expand your vision, the neighboring property at 2909 E 5th is also available, offering an expansive lot for your construction dreams. The current zoning, SF-3-NP, opens up a world of possibilities for your…
Oct 13, 2022 No longer available -
No longer available
Aug 13, 2022 Listed by Keller Williams - Austin NW $774,900
Listed by Keller Williams - Austin NW
Two lots ONLY will be sold together as a Double Lot. (With 2909 E. 5th St. Next Door) totalling 0.31 acres and zoned for SF-3 in the highly desired East Austin area! Residential or Commercial Development Potential!! Single lot is .1558 acres. Less than 3 miles to Downtown Austin and located in front of the Metro Rail station. Easy access to I-35, HEB, local breweries, shops, restaurants, and more! The manager has listed the unit size as 652 square feet.

Property Highlights

Air Conditioning
With View
Parking Details
Total Number of Parking: 2
Parking Features: Driveway
Interior Details

Bathroom Information

Full Bathrooms: 1

Interior Information

Interior Features: Primary Bedroom on Main, See Remarks
Appliances: Gas Range
Flooring Type: Laminate, Tile, Wood
Cooling: Central Air
Heating: Central
Living Area: 652

Room 1

Level: Main
Type: Primary Bedroom
Features: See Remarks

Room 2

Level: Main
Type: Primary Bathroom
Features: See Remarks

Room 3

Level: Main
Type: Kitchen
Features: See Remarks

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,785
  • Lot Size Depth Feet: 1,475
  • Lot Size Frontage Feet: 460
  • Total Building Area: 652
  • Gross Building Area: 652
  • Building Area: 652
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 652
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: HARTWELL ADDN
  • Land Acres: 0.156
  • Legal Description 1: LOT 9 BLK 1 OLT 13 DIV O HARTWELL ADDN

Ownership

  • Current Owner : RAMIREZ LUIS
  • Previous Owner : WEBSTER HERBERT
  • Owner Before Previous Owner: COLE EARL

Neighborhood

  • School District Name: Austin Independent School District
  • School Tax School District: AUSTIN ISD
  • Census Tract: 000902

Geography

  • Assessors Map Reference: 0202120703
  • Account Number: 189859
  • Parcel: 189859
  • Block: 1
  • Lot: 9
  • Municipality: CITY OF AUSTIN
  • Latitude: 30.2559
  • Longitude: -97.7097

    Address

  • Full Address: 2907 E 5th St
  • Address - House Number: 2907
  • Street Direction: E
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: TX
  • City Name: Austin
  • Carrier Code: C006
  • 4-Digit Zip Code: 4816
  • Zip Code: 78702

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,597
  • Tax Rate Code Area: 68

    Appraisal Valuation

  • Standard Deviation: 0.1855
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 75
  • Final Value: 684,427
  • High Value: 811,452
  • Low Value: 557,403

    Market Valuation

  • Market Total Value: $611,944
  • Market Land Value: $450,000
  • Market Improvement Value: $161,944

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $611,944
  • Assessed Land Value: $450,000
  • Assessed Improvements Value: $161,944

    Sales

  • Current Sale Contract Date: Dec 10, 2004
  • Current Sale Recording Date: Dec 14, 2004
  • Current Sale Transaction ID: 1205954690
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2004231330
  • Previous Sale Recording Date: Dec 14, 2004
  • Previous Sale Contract Date: Oct 21, 2004
  • Previous Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,080 ft²
$581,000 Nov 30, 2021
$523,000 - $639,000 Feb 7, 2022
-
Condo
2 Beds
2 Baths
1,212 ft²
$678,000 Apr 29, 2019
$611,000 - $745,000 Jun 18, 2019
$1,701/mo
Condo
2 Beds
2 Baths
1,419 ft²
$595,000 Apr 23, 2019
$536,000 - $654,000 Feb 28, 2020
$1,629/mo
House
3 Beds
3 Baths
1,459 ft²
$756,000 Nov 10, 2021
$681,000 - $831,000 Feb 14, 2022
$892/mo
House
3 Beds
4 Baths
2,454 ft²
$645,000 Mar 2, 2020
$581,000 - $709,000 Aug 13, 2020
$172/mo
Townhouse
3 Beds
4 Baths
2,161 ft²
$660,000 Oct 30, 2018
$594,000 - $726,000 Mar 29, 2019
$699/mo
House
2 Beds
1 Bath
720 ft²
$903/ft²
$650,000 Dec 4, 2023
-
$477/mo
House
2 Beds
1 Bath
884 ft²
$792/ft²
$700,000 Sep 15, 2023
-
$952/mo
House
2 Beds
3 Baths
1,016 ft²
$586/ft²
$595,000 Oct 16, 2023
-
$699/mo
House
3 Beds
2 Baths
1,332 ft²
$424/ft²
$565,000 Jan 12, 2024
-
$658/mo
House
3 Beds
3 Baths
1,496 ft²
$551/ft²
$825,000 May 28, 2023
-
-
Condo
3 Beds
3 Baths
1,498 ft²
$554/ft²
$829,700 Jan 25, 2024
-
$384/mo

About Govalle-Johnston Terrace


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Frequently Asked Questions

When was property at 2907 East 5th Street built and last sold?
The property at 2907 East 5th Street was built in 1920 and last sold on Dec 10, 2004 for $0.
How much is this home worth?
The estimated value of the home located at 2907 East 5th Street is $690,741.
What are some comparable homes to 2907 East 5th Street?
Homes that are comparable to 2907 East 5th Street include a house property at 1010 Fiesta Street, 2909 East 5th Street, 3010 Webberville Road.

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