7503 Carriage DR, Austin, TX 78752

$400,000 Asking Price

3 beds
2 baths
1,110  sqft
Built in 1960

Incredible opportunity in the heart of north central Austin in The Highland Neighborhood with convenient access to The Domain, Q2 Stadium, Mueller Community, The Triangle, The University of Texas, and only 6 miles from downtown. Multiple possibilities. The existing structure can be remodeled and expanded up to 4,357 square feet and include an ADU of up to 1,100 square feet. This .313-acre property is zoned SF-3 NP Family Residence. A recent feasibility analysis reports that the lot supports a duplex with up to 2,728 sq ft per side. The lot could be subdivided into Lot A (front lot) of 5,940 square feet and Lot B of 6,468 square feet. Lot A can reportedly support a main house of 1485 square feet and an ADU of 891 square feet. Lot B could support a main house of 1,617 square feet and an ADU of 970 square feet. Recent sales of new construction in this area support an average sales price of $429 per square foot, projecting an estimated potential of $2,340,000 in finished construction with the duplex scenario. The subdivision development scenario supports 4963 square feet of completed new construction. Recent sales of smaller new construction dwellings demonstrate an average sale price of $463 per square foot for a projected $2,300,000. All estimates are projections and due diligence regarding feasibility and financial projections is the buyer's responsibility.

Features & Amenities

Interior

General:
Laminate Counters, Primary Bedroom on Main
Appliances:
See Remarks
Laundry:
See Remarks
Flooring:
Carpet, Linoleum, See Remarks
A/C:
Central Air
Heating:
Central
Fireplace:
Fireplaces: 0
Eco/Green Feature:
None, None

Exterior

General:
See Remarks
Other Structures:
See Remarks
Pool:
None
Parking:
Carport, Covered, Parking spaces: 2

Construction

Roofing:
Shingle
Windows:
See Remarks
General:
One, Slab

Location

Originating MLS:
actris
School District:
Austin ISD
County:
Travis

Lot

Zoning:
LOT 18 BLK B HOLIDAY HILLS SEC 1, 02321210180000
View:
None
Fencing:
Back Yard

Utilities

Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
actris

This listing courtesy of:
Haven Path Realty LLC, James DeLoney

About Austin, TX

Housing

Number of Units
523,644
Median Home Value
$435,027
Median Rent
$1,253

52.82% of housing units are renter occupied.

7.09% are vacant.

Commute

Car
53.46%
Public Transportation
1.78%
Walk to Work
1.73%
Work from Home
41.61%
Other
0.53%

The median travel time to work is 16 minutes.

People

Population
1,163,161
Median Age
35.90
Median Household Size
2.60

Education

High School
14.31%
Associate’s Degree
5.38%
Bachelor’s Degree
34.89%
Graduate Degree
21.08%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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