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Backup Offers

2502 Colby Cv, Austin, TX, 78723

$430,000

Home List Price

$5,106*

Closing Credit

4 Bedrooms
3 Full Baths
2,459 SqFt
$175/SqFt
House

Location

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2502 Colby Cv, Austin$430,000

Buyer Closing Credits

$5,106*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Garage Faces Front, Garage
Garage2 spaces
Year Built1964
HeatingCentral
CoolingCentral Air
WaterfrontNone
FireplaceFamily Room
ViewCreek/Stream
MLS #8080592
Lot Size0.42 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 2502 Colby Cv

As-is sale on a giant lot in University Hills! Investor/developer special-- tons of opportunity and options for upcycling this property! Unique property with a single family home + an apartment built onto the back of it with its own kitchen, bath, living, bedroom, walk-in closet, HVAC, electric meter, etc. Fix & flip for generational living, a built in STR opportunity, or potentially put the property into a condo association & flip into two units for resale. OR teardown to rebuild in one of East Austin's most iconic neighborhoods. There could be potential to add a third dwelling unit, but buyer to verify. This home is in an estate--the executor has no knowledge of property condition other than what is visible. Shed does not convey.

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Stories: 1
  • Living Area: 2,459 SqFt

Listing Office:

  • Office Name: RE/MAX Fine Properties
  • Office Phone: (512) 764-3667
  • Listing Agent: Hope Teel

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator, Disposal, Microwave
  • Flooring Type: See Remarks
  • Interior: Bookcases, Built-in Features, Ceiling Fan(s), Multiple Living Areas, Main Level Primary, No Interior Steps
  • Fireplace: Family Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: Creek/Stream
  • Exterior: None

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Attached, Garage Faces Front, Garage

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Few Trees
  • Lot Size: 0.42 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Lyndon B. Johnson Early College High School, Public District Grades 9-12
  • Andrews Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: I-35 TO 290 E, TAKE EXIT TO BERKMAN DR. TURN RT ONTO NORTHEAST DR. , TURN LEFT ONTO CREIGHTON LN, TAKE 1ST LEFT ONTO COLBY COVE

Price Information

Listing Price Info

Price Summary:

  • List Price: $430,000
  • Price Per SqFt: $175/SqFt

Tax Information:

  • Annual Amount: $3,183
  • 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

2502 Colby Cv vs Austin

187 DAYS ON ROCKET

+115 Days

$430,000

-$136.4K Less

$175/SqFt

-$133 Less

KEY TAKEAWAY

This property is $136.4K less than the Median Sold Price and $133/SqFt less than other homes in Austin, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ACTRIS
  • MLS Number: #8080592

Listing Office:

  • Office Name: RE/MAX Fine Properties
  • Office Phone: (512) 764-3667
  • Listing Agent: Hope Teel

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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Texas Real Estate Commission Information About Brokerage Service

Last updated on: 11/5/2024, 6:20:49 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$3,183$306,879
2019$6,582$278,981
2018$5,105$253,619
2017$4,674$230,563

History based on county public records data.

Payment Calculator

$2,214

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,356

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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.

Elementary School

school-card-donut-2193298
2
/10

  • Andrews Elementary School

  • 6801 Northeast Dr

  • 0.26 miles

  • Public District Grades PK-5

High School

school-card-donut-2193299
2
/10

  • Lyndon B. Johnson Early College High School

  • 7309 Lazy Creek Dr

  • 1.23 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,719. Residents of Austin, TX typically earn between $35k-100k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2502 Colby Cv

What is the listing price of this property?

The listing price of 2502 Colby Cv property is $430,000.

What type of property is this?

The property 2502 Colby Cv is a house located in Austin, Texas, 78723.

Is this property for sale now?

Accepting Backup Offers: 2502 Colby Cv is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 2502 Colby Cv are:
Andrews Elementary School: GreatSchools Rating 2/10
Lyndon B. Johnson Early College High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,183 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2502 Colby Cv has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2502 Colby Cv is 2,459 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2502 Colby Cv is 1964.

Rocket Homes›Texas›Travis County›Austin›78723›2502 Colby Cv

This home is located at 2502 Colby Cv in Austin, TX and zip code 78723 in the East neighborhood. This 2,459 square foot home, which was built in 1964, sits on a 0.42 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $430,000.

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 homes for sale in Austin, TX increased by 6.3% between September 2024 and October 2024. In October 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $566,430.

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

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