7 months on rocket

3401 Oak Springs Dr, Austin, TX, 78721

$700,000

Home List Price

$8,313*

Closing Credit

0 Baths
1,400 SqFt
$500/SqFt
Multi

Location

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3401 Oak Springs Dr, Austin$700,000

Buyer Closing Credits

$8,313*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway
Year Built1938
HeatingCentral
CoolingCentral Air
WaterfrontNone
ViewNone
MLS #7284704
Lot Size0.19 Acres
StatusActive

About 3401 Oak Springs Dr

Invest in the heart of Austin’s coveted East Side with this modern duplex, offering fantastic potential for both long-term rentals or as a lucrative short-term rental (STR). Featuring two spacious units, each with 2 bedrooms and 2 bathrooms, this property offers flexibility and strong rental appeal in one of Austin's most in-demand neighborhoods. Both units have been thoughtfully updated with sleek, modern finishes, including fully renovated bathrooms that will attract discerning tenants. The front unit presents a welcoming, open-concept layout, while the back unit, with its own private entrance, offers a peaceful retreat, perfect for tenants or as a dedicated STR option. Situated on a large lot, the property features a sizable grassy backyard ideal for tenant use and outdoor activities. The front yard is designed with low-maintenance, eco-friendly zeroscaping, adding both curb appeal and practicality. Zoned SF3, the property provides exciting opportunities for future expansion or additional development, making it an even more attractive investment. Located just off Airport Boulevard, the duplex enjoys easy access to East Austin’s vibrant dining, shopping, and nightlife scenes, as well as quick routes to downtown and major roadways. Whether you’re looking to boost rental income or capitalize on the short-term rental market, this property offers endless possibilities in a prime location. Schedule your showing today to explore the full potential of this East Austin gem!

Property Details

Property Features

Property Information:

  • Year Built: 1938
  • Stories: 1
  • Living Area: 1,400 SqFt

Listing Office:

  • Office Name: Engel & Volkers Austin
  • Office Phone: (646) 522-4901
  • Listing Agent: Carrie Yeager

Interior Features

Interior Information:

  • Appliances: Washer/Dryer Stacked, Dishwasher, Disposal, Gas Range, Refrigerator
  • Flooring Type: Laminate, See Remarks, Tile
  • Interior: Ceiling Fan(s)

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: None
  • Exterior: Private Entrance, Private Yard

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Landscaped, See Remarks, Few Trees
  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Airport Blvd head east on Oak Springs Dr. about 500 ft. on the right side of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $700,000
  • Price Per SqFt: $500/SqFt

Tax Information:

  • Annual Amount: $7,045
  • 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

$567.4K

Med. Price/SqFt

$308

Avg. Days On Market

74

# of Sold Homes

602

3401 Oak Springs Dr vs Austin

228 DAYS ON ROCKET

+154 Days

$700,000

+$132.5K More

$500/SqFt

+$192 More

KEY TAKEAWAY

This property is $132.5K more than the Median Sold Price and $192/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: #7284704

Listing Office:

  • Office Name: Engel & Volkers Austin
  • Office Phone: (646) 522-4901
  • Listing Agent: Carrie Yeager

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: 12/22/2024, 8:20:49 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$7,045$316,400
2019$6,786$317,428
2018$5,651$273,098
2017$4,734$255,237

History based on county public records data.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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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-1069902
4
/10

  • Oak Springs Elementary School

  • 3601 Webberville Rd

  • 0.52 miles

  • Public District Grades EE-5

school-card-donut-1069903
2
/10

  • Govalle Elementary School

  • 3601 Govalle Ave

  • 0.69 miles

  • Public District Grades PK-5

school-card-donut-1069904
6
/10

  • Ortega Elementary School

  • 1135 Garland Ave

  • 0.75 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 $16,404. The majority of Austin, TX residents have income less than $35k annually. Typical family type is single, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Travis County›Austin›78721›3401 Oak Springs Dr

This home is located at 3401 Oak Springs Dr in Austin, TX and zip code 78721 in the MLK neighborhood. This 1,400 square foot home, which was built in 1938, sits on a 0.19 acre lot. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $700,000.

While more than 59 listings in Austin, TX in November 2024 were sold above asking price, there were more than 96 listings sold at asking price, and more than 446 were sold below. The number of listings in Austin, TX decreased by 1.1% between October 2024 and November 2024. In November 2024 median list price was $567,441 and the average listing age was 74 days.

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

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