518 Terrace DR

Austin, TX, 78704

$1,225,000

$468 per ft²
$1,225,000
$468 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
2,612 ft²
property_type
Multi-family
calendar
Built 1935
Exceptional, unique, well-maintained income-producing property in the heart of Travis Heights, on a corner lot across the street from Little Stacy Park and the Blunn Creek Trail, two minutes to South Congress, 6 minutes to downtown and just a stone's throw to Lady Bird Lake and all of the Best of Austin. This stunning property with three separate income-producing units affords the owner ultimate flexibility in terms of property use. The restored and modernized 1935 1/1 duplex units with gorgeous original hard wood flooring and custom tile work are 660 SF each, per TCAD. Each duplex unit has a private shaded patio or deck, a generous kitchen with ample storage and a spacious living, bedroom and dining area, the latter of which for both current tenants is being used as ideal work-from-home office space. The striking 2/2 single-family home situated above the duplex boasts spectacular tree-top views courtesy of the second and third story decks designed by the lead architect responsible for the Lady Bird Lake Boardwalk. The thoughtful updates to this 1292 SF converted garage apartment include a well-appointed first-floor secondary suite with an oversized, luxurious walk-in shower. The main-level second-floor contains an updated galley kitchen with Silestone counters and conveying stainless steel appliances opening to dining and living space which lead to the primary suite. Each photo indicates the attributable unit. All units are in excellent shape. Property has been pre-inspected and is priced to sell. Contact Agent for more information.
MLS® ID:
6244605
Listed:
7/18/22
Updated:
9/27/22

Interior Features

Kitchen Appliances
Cooktop, Dishwasher, Disposal, Exhaust Fan, Microwave, Gas Oven, Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Water Heater-Gas
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Built-in Features, Ceiling Fan(s), High Ceilings, Quartz Counters, Tile Counters, Gas Dryer Hookup, Interior Steps, Multiple Dining Areas, Multiple Living Areas, Primary Bedroom on Main, Stackable W/D Connections, Washer Hookup
Floor Description
Carpet, Tile, Wood
Cooling
Ceiling Fan(s), Central Air
Heating
Central

Exterior/Building Features

Lot Size
6,490 ft² lot
Exterior Features
Balcony, Exterior Steps, Gutters Full, Covered, Deck, Porch, Guest House
Lot Details
Back Yard, Corner Lot, Front Yard, Gentle Sloping, Xeriscape
Roof
Composition, Metal, Shingle
Sewer
Public Sewer

School Information

School District
Austin ISD
High School
Travis
Middle/Jr High
Lively
Elementary School
Travis Hts

Other Property Details

Area Name
6
Taxes
$14337
Tax Frequency
per YEAR
HOA Amenities
Park, Walk/Bike/Hike/Jog Trail(s
Garage
No
Parking
Off Street
View
Y
County
Travis
Utilities
Electricity Available, Natural Gas Available
Water Source
Public
Pool
No
Pool Description
None

Property History

Date
Event
Price
Value
9/26/22
Active Under Contract
-
-
8/26/22
Active
-
-
7/29/22
Active Under Contract
-
-

Courtesy of Luxon Realty Services

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Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2022 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Database last updated 8:01 PM UTC, 9/27/22

 

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