See Home Value
$240,000
● House - Off Market

806 Vargas RD

Austin, TX 78741
bedrooms
1 Bed
bathrooms
1 Bath
square feet
396 Ft²
$1,323
Est. Monthly
9.42%
Cap Rate

About This Property

Prime land opportunity in Riverside/Montopolis area. Nestled in one of Austin's most coveted locations, this property presents an exceptional opportunity for developers and investors alike. With a prime location just minutes from Downtown Austin, Lady Bird Lake, and Austin Bergstrom Airport, this parcel of land offers unparalleled potential. Spanning 50 feet by 130 feet, the lot is being sold primarily for its land value, making it an ideal canvas for those looking to embark on a development project. All utilities are already in place, streamlining the development process. Whether you envision a luxurious single-family home, a two unit residential home, or a short-term rental, the possibilities for this property are endless. Don't miss out on this rare chance to secure a piece of prime real estate in one of Austin's most sought-after areas. Check it out today to explore the boundless opportunities that await with this exceptional property.
Unit Size
396 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$606
Property Type
House
Property Taxes
$144
HOA Dues
-
Year Built
1949

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Cap Rate Calculator

Last updated: 3 years ago (Unlock MLS #ACT1997611)

Price History

Date / Event Date Event Price
Apr 29, 2024 In contract -
In contract
Apr 12, 2024 Price Decreased $240,000
↓ $20K (7.7%)
Price Decreased
Mar 1, 2024 Price Decreased $260,000
↓ $20K (7.1%)
Price Decreased
Jan 25, 2024 Listed by Keller Williams Realty $280,000
Listed by Keller Williams Realty

Property Highlights


Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • 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: 98
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,373
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 500
  • Total Building Area: 396
  • Gross Building Area: 396
  • Building Area: 396
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 396
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHERNOSKY NO 15
  • Land Acres: 0000000146
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 12 BLK 2 CHERNOSKY NO 15

Neighborhood

  • School District Name: Austin Independent School District
  • School Tax School District: AUSTIN ISD
  • Census Tract: 002321

Geography

  • Assessors Map Reference: 0306180112
  • Account Number: 286941
  • Parcel: 286941
  • Block: 2
  • Lot: 12
  • Municipality: CITY OF AUSTIN
  • Latitude: 30.2342
  • Longitude: -97.6938

    Address

  • Full Address: 806 Vargas Rd
  • Address - House Number: 806
  • Address - Street Name: Vargas
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Austin
  • Carrier Code: C031
  • 4-Digit Zip Code: 2460
  • Zip Code: 78741

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $115,970
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 68

    Appraisal Valuation

  • Standard Deviation: 0.2088
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 71
  • Final Value: 362,707
  • High Value: 438,469
  • Low Value: 286,944

    Market Valuation

  • Market Total Value: $340,038
  • Market Land Value: $300,000
  • Market Improvement Value: $40,038

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,587

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 30, 2012
  • Current Sale Recording Date: Jul 31, 2012
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2012124066
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 Montropolis


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Nearby Rentals

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Unit for rent at 6204 Langham St, Austin, TX, 78741

$1,999 /mo

  • 2 Beds
  • 2 Baths
  • 1,073 ft²
6204 Langham St #B, Austin, TX, 78741 Listing by Priscilla Hanson
Unit for rent at 2001 Faro Dr, Austin, TX, 78741

$2,245 /mo

  • 3 Beds
  • 2 Baths
  • 1,398 ft²
2001 Faro Dr #21, Austin, TX, 78741 Listing by Marshall Chavez


Frequently Asked Questions

When was property at 806 Vargas Road built and last sold?
The property at 806 Vargas Road was built in 1949 and last sold on Jul 30, 2012 for $0.
How much is this home worth?
The estimated value of the home located at 806 Vargas Road is $282,800.
What are some comparable homes to 806 Vargas Road?
There are currently no comparable homes to 806 Vargas Road.