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$950,000

708 W Elizabeth St, Austin, TX, 78704

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,674 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$567.5 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling

Exterior

Lot Size5,772 sqft

Building Information

Year Built1950
Stories2
Roof Type105

Land Information

APN01010110190000
Lot Number15
SubdivisionSouth Heights
Land UseResidential
Legal DescriptionLOT 15 BLK 3 SOUTH HEIGHTS
Census Tract001312
Assessed Land Value$575,261
Assessed Improvement Value$172,600
Assessment Year2025

About this property

Charming Bouldin Creek Bungalow | Prime Location | Exceptional Lot Welcome to this beautifully maintained 3-bedroom, 2-bathroom bungalow nestled in the heart of one of Austin's most sought-after neighborhoods — Bouldin Creek. Built in the 1950s and constructed of solid concrete, this home offers superior insulation and structural integrity that modern builds simply can't replicate. The Home Updated PEX and copper plumbing throughout gives you peace of mind from day one. The layout includes 2 main-level bedrooms and full bathroom for single-floor living convenience, with an additional bedroom and bathroom downstairs. This is a split-level home, so it is not a basement. Whether you're a first-time buyer or a seasoned homeowner, this is a true turnkey property — move in and enjoy from day one. The Location Centrally located in Bouldin Creek, you're steps away from everything that makes South Austin iconic. Walk to South Congress Ave, South Lamar Ave, the hike-and-bike trail, and all the restaurants, coffee shops, and boutiques that define the neighborhood. Downtown Austin is just minutes away — you get the charm of South Austin with unbeatable urban access. The Lot — A Rare Opportunity The backyard is approximately three times the square footage of the home itself — an extraordinary find in this zip code. Whether you envision a lush private garden retreat, a pool, an ADU, or a full development project, the possibilities are wide open. The property features a front driveway as well as rear alley access with a back driveway, offering flexibility and privacy. The Opportunity This property is ideal for the resident buyer who wants space to grow and a neighborhood full of life, or for the developer looking for a large, well-located lot in one of Austin's hottest corridors.

Investor Tools

Property Icon
$960,000
Estimated Property Value
$795,200Estimated Mortgage Balance
$198,082Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,760 /month
Positive
Cash Flow Estimate:
$1,920 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,807/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,890
$747,861
2025
$575,261
$172,600
$747,861
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,890
$747,861

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$795,200
No
First
Jun 30, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$763,918
$214,082
21%
80%
$4,576/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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708 W Elizabeth St | Property Details | No Agent List