See Home Value
$1,300,000
● House - Off Market

500 Terrace DR

Austin, TX 78704
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,019 Ft²
$8,483
Est. Monthly
2.59%
Cap Rate

About This Property

DIAMOND IN THE ROUGH!  Located on a corner lot on a quiet street with downtown views from the 3rd story, the home was built in 2011 and never finished.  The sale includes 95% (est.) of all the building materials needed to complete the home. Listed well below Travis CAD 2023 value, this home is a potential goldmine to the buyer who has finishing experience. The sellers spared no expense with building materials or appliances.  The home includes a 6 burner DCS double convection oven range with built in grill, a DCS SS refrigerator, Bosch SS dishwasher, a Samsung SS stackable washer and dryer. High end materials were used in the construction and the seller started the Austin Green Building Program, but never finished.  Marvin Integrity fiber glass windows were installed with screens still in the original packaging. A high efficiency fireplace is in the main living area surrounded by fossilized limestone from the Permian Basin. The home also includes a private outdoor shower, multiple hidden storage areas, a central vacuum system, rosewood, bamboo and oak flooring, double limestone sinks in the primary bath, and beautiful walnut bamboo cabinetry. The 3rd story 1/4 bath drain is in place to install a shower and make a full bath. The detached garage has 1/4 bath, and dog bath that can be converted to full bathroom with potential to build a studio apartment .  This unique home is just steps away from Little Stacy Park, Blunn Creek Greenbelt Trail or a couple of blocks to South Congress, music, shops and dining including Perla's, Lucy's, C-Boys Heart & Soul, Magnolia Cafe, Torchy's Tacos, Allen's Boots + SO MUCH MORE. Many stunning new builds nearby. Multiple surveys are available.  Complete building plans will transfer with the sale.
Unit Size
4,019 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$323
Property Type
House
Property Taxes
$2,099
HOA Dues
-
Year Built
2011

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Cap Rate Calculator

Last updated: 3 years ago (Unlock MLS #ACT8609714)

Price History

Date / Event Date Event Price
May 22, 2024 In contract -
In contract
May 15, 2024 Price Decreased $1,300,000
↓ $100K (7.1%)
Price Decreased
Apr 4, 2024 Listed by Keller Williams Realty $1,400,000
Listed by Keller Williams Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 494
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,479
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 550
  • Total Building Area: 3,243
  • Gross Building Area: 3,243
  • Building Area: 3,243
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,243
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLUE BONNET HILLS
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 2 BLK 4 BLUE BONNET HILLS

Neighborhood

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

Geography

  • Assessors Map Reference: 0302020223
  • Account Number: 283345
  • Parcel: 283345
  • Block: 4
  • Lot: 2
  • Municipality: CITY OF AUSTIN
  • Latitude: 30.2429
  • Longitude: -97.7481

    Address

  • Full Address: 500 Terrace Dr
  • Address - House Number: 500
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Austin
  • Carrier Code: C004
  • 4-Digit Zip Code: 4343
  • Zip Code: 78704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,095,337
  • Tax Rate Code Area: 68

    Appraisal Valuation

  • Standard Deviation: 0.2495
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 64
  • Final Value: 1,561,181
  • High Value: 1,950,844
  • Low Value: 1,171,519

    Market Valuation

  • Market Total Value: $1,740,746
  • Market Land Value: $800,000
  • Market Improvement Value: $940,746

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,392,202

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Greater South River City


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Frequently Asked Questions

When was property at 500 Terrace Drive built and last sold?
The property at 500 Terrace Drive was built in 2011 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 500 Terrace Drive is $0.
What are some comparable homes to 500 Terrace Drive?
There are currently no comparable homes to 500 Terrace Drive.