See Home Value
$399,000
● House - Off Market

5015 Heflin LN

Austin, TX 78721
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Ft²
$2,314
Est. Monthly
5.88%
Cap Rate

About This Property

Tastefully updated bungalow operating as a furnished rental. Ideal for a turn-key rental property or a starter home, willing to convey all furnishings if the buyer wishes. Offering Seller Financing at 5.5% to qualified buyers! Message agent for details.

The home has recently installed central HVAC and new attic insulation. The front yard is xeriscaped with native plants and drip irrigation for low-maintenance, and the backyard is beautifully landscaped with St Augustine grass and a sprinkler system. The backyard has a custom-built covered deck/stage space ideal for hosting outdoor concerts and events. Insulated 160 sq ft shipping container shed has power and lighting, and is ready to be converted to a studio space or additional rental unit. An 8 ft stock tank pool provides the opportunity to cool off in a shaded corner of the yard. Large gravel driveway extends to backyard with RV electric hookup, creating opportunity for additional rental income.

The property is easily accessible to Mueller, and conveniently located near 183 for easy access to other parts of town. Protected bike lanes on Springdale Rd and Webberville Rd offer connections to the rest of the city
Unit Size
720 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$554
Property Type
House
Property Taxes
$355
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

Last updated: 2 years ago (Unlock MLS #ACT3080862)

Price History

Date / Event Date Event Price
Oct 5, 2024 Withdrawn -
Withdrawn
Sep 26, 2024 Price Decreased $399,000
↓ $20K (4.8%)
Price Decreased
Sep 13, 2024 Listed by Open House Austin Group LLC $419,000
Listed by Open House Austin Group LLC
Jul 10, 2021 No longer available -
No longer available
Apr 10, 2021 Listed by Keller Williams - Austin NW $300,000
Listed by Keller Williams - Austin NW
Multiple Offers Received - Deadline to submit is April 13 @ 5 PM ~ Location! Location! Location! Cozy Little House in the Heart of East Austin ~ Lot has space to expand ~ Very Close to Downtown The manager has listed the unit size as 720 square feet.

Property Highlights

Parking Available
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,024
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 720
  • Gross Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLOURNOYS EASTERN HILLS SEC 5
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 3 FLOURNOYS EASTERN HILLS SEC 5

Neighborhood

  • School District Name: Austin Independent School District
  • School Tax School District: AUSTIN ISD
  • Census Tract: 002109

Geography

  • Assessors Map Reference: 0211220109
  • Account Number: 202878
  • Parcel: 202878
  • Lot: 3
  • Municipality: CITY OF AUSTIN
  • Latitude: 30.2831
  • Longitude: -97.678

    Address

  • Full Address: 5015 Heflin Ln
  • Address - House Number: 5015
  • Address - Street Name: Heflin
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Austin
  • Carrier Code: C032
  • 4-Digit Zip Code: 1525
  • Zip Code: 78721

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $660,334
  • Tax Rate Code Area: 68

    Appraisal Valuation

  • Standard Deviation: 0.2634
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 62
  • Final Value: 432,162
  • High Value: 546,033
  • Low Value: 318,291

    Market Valuation

  • Market Total Value: $336,963
  • Market Land Value: $255,000
  • Market Improvement Value: $81,963

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $336,963
  • Assessed Land Value: $255,000
  • Assessed Improvements Value: $81,963

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 10, 2021
  • Current Sale Recording Date: Dec 15, 2021
  • Current Sale Price:
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2021273803
  • Previous Sale Recording Date: Jun 14, 2021
  • Previous Sale Contract Date: Jun 09, 2021
  • Previous Sale Amount: $320,400
  • Previous Sale Document Type: 70
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 East MLK


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Frequently Asked Questions

When was property at 5015 Heflin Lane built and last sold?
The property at 5015 Heflin Lane was built in 1968 and last sold on Dec 10, 2021 for $410,500.
How much is this home worth?
The estimated value of the home located at 5015 Heflin Lane is $395,601.
What are some comparable homes to 5015 Heflin Lane?
There are currently no comparable homes to 5015 Heflin Lane.