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1406 Summit St, Austin, TX, 78741

$1,150,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths
2,292 SqFt
$502/SqFt
House

Location

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1406 Summit St, Austin$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOff Street
Year Built1938
HeatingCentral, Varies By Unit
CoolingCentral Air, Varies By Unit
WaterfrontNone
ViewCity
MLS #7968644
Lot Size0.26 Acres
StatusActive

About 1406 Summit St

Charming Home with 2 Income-Generating ADUs, Just Minutes from Downtown Austin! This unique property combines a spacious main house with two income-generating accessory dwelling units (ADUs), located just minutes from downtown Austin and Lady Bird Lake. Whether you're looking to live in the main house and generate rental income or host guests, this property offers great flexibility and the opportunity to offset mortgage costs significantly. Key Features: -Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin. Walking distance to Lady Bird Lake and many restaurants. -Main House (1,522 sq ft): A charming 4-bed, 2-bath home featuring a cozy dining room, covered porch, and plenty of natural light. Perfect for comfortable living. -ADU #1 (385 sq ft): A stylish first-floor studio with its own entrance and a vibrant Austin-inspired mural. Ideal for guests or additional rental income. -ADU #2 (385 sq ft): A second-floor studio with a unique Willie Nelson mural, offering both charm and functionality. Great for short-term rentals or a private retreat. -High Income Potential: All three units are currently short-term rentals with top ratings (4.8+), providing a steady stream of income. -Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential. Set on an 11,325 sq ft lot, this property offers the perfect balance of immediate comfort and future possibilities. Live in the main house while enjoying reliable rental income from the ADUs, or explore the potential for expansion in Austin's rapidly growing market. Whether you're an owner-occupant or looking to maximize rental income, this property provides the best of both worlds. Don’t miss out—schedule a tour today and discover all the potential this property has to offer!

Property Details

Property Features

Property Information:

  • Year Built: 1938
  • Stories: 2
  • Living Area: 2,292 SqFt

Listing Office:

  • Office Name: JBGoodwin REALTORS WL
  • Office Phone: (512) 502-7601
  • Listing Agent: Caitlin Sullivan

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Gas Range, Refrigerator, Washer
  • Flooring Type: Tile, Wood
  • Interior: Separate/Formal Dining Room, Eat-in Kitchen, Multiple Dining Areas, Main Level Primary

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: City
  • Exterior: None

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard
  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Central, Varies By Unit
  • Cooling: Central Air, Varies By Unit

Other

Directions Information:

  • Directions: From Riverside heading East from I35, take a right on Summit. Or exit I35 on Woodland, head east and left on Summit

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $502/SqFt

Tax Information:

  • Annual Amount: $9,561
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Austin, TX.

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Austin, TX

City

Med. Sold Price

$566.4K

Med. Price/SqFt

$307

Avg. Days On Market

72

# of Sold Homes

669

1406 Summit St vs Austin

1 DAY ON ROCKET

-71 Days

$1,150,000

+$583.5K More

$502/SqFt

+$194 More

KEY TAKEAWAY

This property is $583.5K more than the Median Sold Price and $194/SqFt more than other homes in Austin, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ACTRIS
  • MLS Number: #7968644

Listing Office:

  • Office Name: JBGoodwin REALTORS WL
  • Office Phone: (512) 502-7601
  • Listing Agent: Caitlin Sullivan

IDX 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.

IDX 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.


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Last updated on: 11/21/2024, 5:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,561$429,400
2019$9,300$433,600
2018$9,382$367,954
2017$9,857$423,740

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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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.

Nearby Schools

school-card-donut-371970
7
/10

  • Travis Heights Elementary School

  • 2010 Alameda Dr

  • 0.70 miles

  • Public Charter Grades EE-5

school-card-donut-371971
5
/10

  • Sanchez Elementary School

  • 73 San Marcos St

  • 1.02 miles

  • Public District Grades PK-5

school-card-donut-371972
6
/10

  • Zavala Elementary School

  • 310 Robert T Martinez Jr St

  • 1.32 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,875. Residents of Austin, TX typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1406 Summit St

What is the listing price of this property?

The listing price of 1406 Summit St property is $1,150,000.

What type of property is this?

The property 1406 Summit St is a house located in Austin, Texas, 78741.

Is this property for sale now?

Active Listing: 1406 Summit St 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 $9,561 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1406 Summit St has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1406 Summit St is 2,292 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1406 Summit St is 1938.

Rocket Homes›Texas›Travis County›Austin›78741›1406 Summit St

This home is located at 1406 Summit St in Austin, TX and zip code 78741 in the Southeast neighborhood. This 2,292 square foot home, which was built in 1938, sits on a 0.26 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $1,150,000.

While more than 66 listings in Austin, TX in October 2024 were sold above asking price, there were more than 96 listings sold at asking price, and more than 506 were sold below. The number of listings in Austin, TX increased by 6.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 72 days, the median list price was $566,430.

From Rocket Homes Real Estate and based on county public records data.

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