The City of Austin has recently revised its land development regulations, particularly impacting multi-family lots. Under the new HOME Phase 2 amendments, the city has significantly reduced the minimum lot size required for residential construction. For multi-family developments: Lot Size Reduction: The minimum lot size has been reduced from 5,750 square feet to as low as 2,500 square feet for new developments. This change allows property owners to build multiple units on smaller lots, which is a significant shift from previous regulations. If you're considering developing a multi-family lot, it would be wise to consult the city’s updated guidelines or schedule an appointment with the city's planning department to ensure compliance with the new rules.
Property Details
Property Features
Listing Office:
Office Name: Marty Kaye Realty
Office Phone: (512) 799-7355
Listing Agent: Marty Kaye
Exterior Features
Exterior Information:
Waterfront: None
View: None
Lot Features
Lot Information:
Lot: Cleared, City Lot, Interior Lot, Open Lot
Lot Size: 0.30 Acres
Other
Directions Information:
Directions: From Jollyville, ~ turn @ Commonwealth ~ lot is on the left
Price Information
Listing Price Info
Price Summary:
List Price: $425,000
Tax Information:
Annual Amount: $9,516
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Austin, TX.
This property is $142.4K less than the Median Sold Price in Austin, TX.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ACTRIS
MLS Number: #9635275
Listing Office:
Office Name: Marty Kaye Realty
Office Phone: (512) 799-7355
Listing Agent: Marty Kaye
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Copyright 2024 Unlock MLS and Austin Central Texas Realty Information Services, Inc.
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$9,516
$405,750
2019
$9,160
$405,750
2018
$7,136
$306,946
2017
$5,543
$306,684
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Caraway Elementary School
11104 Oak View Dr
Distance between this listing and this school0.75 miles
Public District Grades KG-5
6
/10
Pond Springs Elementary School
7825 Elkhorn Mountain Trl
Distance between this listing and this school1.10 miles
Public District Grades PK-5
6
/10
Jollyville Elementary School
6720 Corpus Christi Dr
Distance between this listing and this school1.35 miles
Public District Grades PK-5
Nearby Schools
9
/10
Canyon Vista Middle School
8455 Spicewood Springs Rd
Distance between this listing and this school1.07 miles
Public District Grades 6-8
5
/10
Deerpark Middle School
8849 Anderson Mill Rd
Distance between this listing and this school1.57 miles
Public District Grades 6-8
6
/10
Grisham Middle School
10805 School House Ln
Distance between this listing and this school3.01 miles
Public District Grades 6-8
Nearby Schools
5
/10
McNeil High School
5720 McNeil Dr
Distance between this listing and this school2.41 miles
Public District Grades 9-12
7
/10
Westwood High School
12400 Mellow Meadow Dr
Distance between this listing and this school2.57 miles
Public District Grades 9-12
9
/10
Harmony School of Political Science and Communication
13415 Ranch Road 620 N
Distance between this listing and this school3.01 miles
The neighbors living near this home have an average income of $64,556. Residents of Austin, TX typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 12001 Commonwealth Way
What is the listing price of this property?
The listing price of 12001 Commonwealth Way property is $425,000.
What type of property is this?
The property 12001 Commonwealth Way is land located in Austin, Texas, 78759.
Is this property for sale now?
Active Listing: 12001 Commonwealth Way is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $9,516 (source: MLS/based on county public records data).
How much acreage is this property?
The property 12001 Commonwealth Way is 0.30 acres.
Interested in 12001 Commonwealth Way? Let's connect.
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This home is located at 12001 Commonwealth Way in Austin, TX and zip code 78759 in the Northwest neighborhood. This home sits on a 0.30 acre lot. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $425,000.
Over 59 listings were sold over their listed price in November 2024 in Austin, TX. In the same period over 446 listings were sold below the listed price and 96 listings were sold for the listed price. Between October 2024 and November 2024, Austin, TX real estate market has seen decrease in the number of listings by 1.1%. While the average time on the market in November 2024 was 74 days, the median list price was $567,441.
From Rocket Homes Real Estate and based on county public records data.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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