Million Dollar Street – New Build Sold

  • $397,000
  • 3 beds
  • 1 baths
  • 910 sqft

Million Dollar Street – East Austin New Build

This street has several newly built homes selling for over $1M. Lot size is 5,820 sqft (0.134 acres).  The house is salvageable but in our opinion best use would be to build a +/- 2300 sqft home.

Numbers:

  • Purchase Price: $397K
  • ARV:$1M+

Comps:

  • 205 El Paso St, 2331 sqft, 0.13 acre lot, built 2018 sold for $1,112,000
  • 507 El Paso St, 2625 sqft, 0.14 acre lot, built 2013 sold for $1,051,500
  • 301 El Paso St, 2257 sqft, 0.13 acre lot, built 2017 pending $1,119,000
  • 202 Brewster ST, 2545 sqft, .014 acre lot, built 2017 sold for $1,314,000

Highlights:

  • $1M ARV’s
  • Zoned SF-3, lot size is 5,820 sqft (0.134 acres)
  • No flood plain
  • Possible Challenges
    • The owners planted two trees back in 1963, one in the front and the other in the back.  There is reason to believe that they are causing problems with the underground piping leading into the house. There is an application in with the city.
    • Drainage line, right rear of property.

Please let us know if you or someone you know might be interested. Email, call or text us at 512-535-5554. Click Here for the Investor Packet including detailed financials, comps, pictures, and more.

  • $6,000 Non-Refundable Deposit & signed agreement to secure contract
  • Properties are sold on a ‘first come, first serve’ basis
  • Buyer pays standard closing costs incl. title and a new survey, if required
  • Buyers responsibility to do their own due diligence and verify all information
Price:
$397,000
Address:
116 El Paso
Austin, TX 78704
Square Feet:
910
Lot Size:
5,820 sqft
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1963

Call 512-535-5554 for more details

Property Location