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$350,000

1731 Giles St, Austin, TX, 78722

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,204 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$290.7 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Bathrooms Half 0.5Bathrooms Half 0.5
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
FlooringSee Remarks

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size6,551 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces2

Land Information

APN02141203420000
Lot Number5
SubdivisionCarol Heights Addn
Land UseResidential
Legal DescriptionLOT 5 * LESS S 5FT OLT 32,34&35 DIV C CAROL HEIGHTS ADDN
Census Tract000402
Assessed Land Value$354,324
Assessed Improvement Value$235,881
Assessment Year2025

About this property

This 78722 corner lot puts you exactly one mile from the Mueller retail district and even closer to the Manor Road dining corridor, making it one of the most strategic investment opportunities in East Austin. At .15 acres, the property features a heavy canopy of mature trees that offer immediate privacy and character for a new build. Because this is a corner lot, you have more flexibility with site plans and curb appeal than a standard interior lot, which is a massive advantage in a neighborhood seeing this much new construction. The 78722 zip code is currently a hotspot for high-end redevelopment. When you walk the surrounding blocks, you’ll see the shift toward modern custom homes, and this lot is a prime candidate for a similar project. The location handles the heavy lifting for future resale value; you are roughly three miles from the center of Downtown Austin and only seven miles from the airport. Commutes are short with quick access to I-35 and Airport Boulevard. Beyond the immediate development potential, the 78722 area offers a lifestyle that buyers are actively seeking. You are minutes from the Morris Williams Golf Course and the 30-acre park system at Mueller, including the lake and weekly farmers market. The existing single-story structure includes a 3 bedrooms and 2 bathrooms, but the value is clearly in the land and the ability to start fresh. As new builds continue to go up throughout the community, opportunities to grab a corner lot with this much tree cover are becoming harder to find. This is a chance to secure a footprint in a neighborhood that has already proven its growth trajectory. Buyer to perform all due diligence regarding building permits and site requirements. Please see the survey.

Investor Tools

$594Estimated Mortgage Balance
$589,611Estimated Equity
99% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,541 /month
Positive
Cash Flow Estimate:
$1,180 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,000/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,046
$590,205
2025
$354,324
$235,881
$590,205
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,046
$590,205

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Banc One Mtg Corp
Building Or Construction Loan
$62,500
No
First
Jul 17, 1996
Aug 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$594
$589,611
99%
0%
$375/mo

Learn About the Market: Opportunity in Austin

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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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1731 Giles St | Property Details | No Agent List