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$1,798,000

NAL Estimated Property Value

508 Academy Dr, Austin, TX, 78704

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,284 Sq Ft
price_per_sqft$634.85 / sqft
Year BuiltBuilt in 1937

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Exhaust Fan, Electric Oven, Free Standing Gas Range, Disposal, Gas Range, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesDog Run, Private Yard, Rain Gutters
Lot Size4,796 sqft

Building Information

Year Built1937
Stories2
Roof Type105
Garage Spaces1

Land Information

APN02010301240000
Lot Number5
SubdivisionWoodlawn Addn
Land UseResidential
Legal DescriptionLOT 5 WOODLAWN ADDN
Census Tract001401
Assessed Land Value$775,640
Assessed Improvement Value$228,604
Assessment Year2025

About this property

Downtown views! Lovely stucco home tucked into a quiet corner of coveted Travis Heights. This home is made for both entertaining and everyday living, with plenty of space for spreading out. This 1930's house was thoughtfully remodeled in 2003 to make the addition stay true to the home's original charm. The owners found a mill to produce matching wood frames, repurposed solid wood doors, and commissioned stucco to closely match the original exterior. Beautiful hardwood floors throughout the living rooms and guest bedroom are original, as is the tile in the guest bathroom. One striking feature of the home is the arched window in front that captures the glow of the afternoon sun through yellow glass panes. The heart of this home is the kitchen (complete with a vintage Chambers stove and pull-down ironing board) which sits next to the dining and family room, making it ideal for gatherings. The primary bedroom in the back of the house has a private door and bathroom with a custom-made cabinet built by a local carpenter. A second bedroom and bathroom downstairs can be closed off for guests and privacy, while upstairs two more bedrooms (with cathedral ceilings) share a third bathroom. The backyard deck offers fabulous downtown views, shaded by wisteria. The yard has a sweet playhouse with sleeping loft, and a ramp leads down to the rear single-car garage built into limestone. The location is just blocks from South Congress shopping and restaurants and minutes to the neighborhood parks and hike and bike trails. This property is immaculate, well-cared for, and ready for a new owner. FYI - the City just laid new water, wastewater, and gas lines so the street will soon be repaved.

Investor Tools

Property Icon
$1,798,000
Estimated Property Value
$804,616Estimated Mortgage Balance
$994,760Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,788 /month
Positive
Cash Flow Estimate:
$3,596 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,290/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,486
$1,004,244
2025
$775,640
$228,604
$1,004,244
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,486
$1,004,244

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$850,000
No
First
May 8, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$804,616
$616,384
43%
45%
$5,097/mo

City: Austin

508 Academy Dr | Property Details | No Agent List