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$480,000

4602 Richmond Ave, Austin, TX, 78745

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths986 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$486.82 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesSee Remarks
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size10,550 sqft

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces1

Land Information

APN04101209020000
Lot Number14
SubdivisionForest Oaks
Land UseResidential
Legal DescriptionLOT 14 BLK H FOREST OAKS
Census Tract002002
Assessed Land Value$363,300
Assessed Improvement Value$59,666
Assessment Year2025

About this property

Exceptional development opportunity in the heart of South Austin! Situated on an expansive, level lot of approximately one-quarter acre, this coveted property is surrounded by mature trees, historic charm, and new development. With desirable SF-3 zoning, there are numerous possibilities; whether you are looking to build a custom home, pursue a lucrative redevelopment project, or invest in one of Austin's most sought-after neighborhoods. The existing home needs repair and is being sold As-Is. The main value resides in the lot and location. This prime setting offers convenient access to Downtown Austin, South Congress, South Lamar, Lady Bird Lake, Zilker Park, and an array of restaurants, shopping, and entertainment options. This property offers opportunity for the discerning builder or investor. Rarely does a property combining this size, flexible zoning, and premium central placement come available on the market. All information provided is deemed reliable but is not guaranteed and should be independently verified. Buyer is advised to verify all measurements, schools, taxes, and development requirements.

Investor Tools

Property Icon
$422,966
Estimated Property Value
$0Estimated Mortgage Balance
$422,966Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,880 /month
Positive
Cash Flow Estimate:
$960 /month

Interested in this property?

Katy Hall

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$776/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,195
$422,966
2025
$363,300
$59,666
$422,966
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,195
$422,966

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$422,966
100%
0%
$0/mo

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.

Explore Texas Explore This Area
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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4602 Richmond Ave | Property Details | No Agent List