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$1,877,000

1504 Karen Ave, Austin, TX, 78757

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths1,384 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$469.65 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Laminate, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size8,198 sqft

Building Information

Year Built2024
Stories2
Roof Type109
Garage Spaces2

Land Information

APN0232060524
Lot Number25,26
SubdivisionViolet Crown Heights Sec 2 Resub
Land Use1 Family Dwelling
Legal DescriptionE 20FT OF LOT 25 & W 40F TOF LOT 26 BLK K VIOLET CROWN HEIGHTS SEC 2 RESUB
Census Tract001505
Assessed Land Value$376,870
Assessed Improvement Value$1,433,130
Assessment Year2025

About this property

Welcome to 1504 Karen Avenue, a charming residence owned by the same family since custom built, offering a unique opportunity for those looking to put their own touches on a home or embark on a new construction project. Nestled in the Crestview neighborhood of Austin, this property presents endless possibilities for remodeling or tearing down and building new. The kitchen, in its original condition, showcases solid wood cabinetry and a large breakfast room, serving as a solid foundation for a modern and functional culinary space. Whether you choose to update the existing kitchen or embark on a complete redesign, this area holds the promise of becoming the heart of your dream home. This property currently offers 3 generously sized bedrooms and 2 bathrooms, providing a comfortable starting point for your remodeling project. Explore the possibilities of expanding the living space, reconfiguring room layouts, or adding additional rooms to accommodate your specific needs. Step outside into the backyard oasis, a canvas for your outdoor vision. Whether you envision a serene garden retreat, an entertaining area, or a play space for children, this large yard offers the space to bring your dreams to life. Located in the highly desirable Crestview neighborhood, this property benefits from its proximity to a variety of amenities and neighborhood favorites. Enjoy the close proximity of Brentwood Neighborhood Park, where you can enjoy outdoor activities and leisurely strolls. The Crestview Metro Rail Stop is blocks away! Indulge in the vibrant local culinary scene, with community favorites like Bird Bird Biscuit and Lala's Little Nugget just moments away. Discover the joy of delicious meals and lively ambiance right at your doorstep. The location of this property also grants easy access to major roads and highways, ensuring swift journeys to Austin FC games, downtown Austin, and the vibrant shopping and entertainment district of the Domain.

Investor Tools

Property Icon
$1,877,000
Estimated Property Value
$1,267,000Estimated Mortgage Balance
$641,875Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,262 /month
Positive
Cash Flow Estimate:
$3,754 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,984/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,810,000
2025
$376,870
$1,433,130
$1,810,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$1,810,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Conventional
$1,267,000
No
First
Dec 16, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,235,125
$574,875
31%
66%
$7,597/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$7,597/mo
$-5,181/mo
1.5%

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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