This beautiful property has 4 separate living spaces, a main home & 3 apartments. The home, plus 3 apartments are currently rented on 2-year leases promising long-term income. Additional income comes from the rear fenced 30 feet of the lot, rented on a long-term lease to a landscape contractor. With the main home, 3 apartments, & the rear fenced area leased up, gross rent is ~$83,100 + 2 storage units that could generate additional income. This is an excellent location in 78745 just south of 290 in a high-demand, highly appreciating area of south Austin just 3/4 mile to St. David's south, just off Ben White in Ford Place, & conveniently located near grocery stores, restaurants, bars, coffee shops, you name it! Everything has been updated - the main home in 2019 with a new large utility room in 2021, Unit 2B built in 2015, Unit 2A built in 2017, 1B build out & remodeled in 2020 + a new interior slab. All lighting is LED. Roof is a 30-year asphalt shingle, & the new roofing was completed per the above timeline. There is even a common laundry facility for Units 1B, 2A & 2B. All appliances convey. The additional 304 SF storage building that is split into a 124 SF workshop, and 80 SF of storage space. Rent out either of these 2 spaces for additional income, or use them for personal use. The backyard compound is enjoyed by all the residents. The main home even boasts a large outdoor patio space. There are 2 apple trees in the rear, one in front, + a pecan tree on the south side tenant's entrance. This property is a must-see & an amazing investment opportunity for those looking to invest in real estate. Leave as long-term leases, or convert to short term rentals with the new City of Austin position on accepting non-owner occupied STRs.
Property Details
Property Features
Property Information:
Year Built: 1949
Living Area: 3,086 SqFt
Listing Office:
Office Name: Compass RE Texas, LLC
Office Phone: (512) 913-7480
Listing Agent: Jeffrey Schnabel
Interior Features
Interior Information:
Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Range, Disposal, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer
Covington Middle School, Public District Grades 6-8
Other
Directions Information:
Directions: From IH35 driving west on HWY 71/290 exit to Menchaca, turn left on Menchaca 1 block south of Ben White, turn left on Redd, continue to Diane Dr. Turn left, last house on left.
Price Information
Listing Price Info
Price Summary:
List Price: $999,990
Price Per SqFt: $324/SqFt
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Housing Market Comparison
See how this home compares to others in Austin, TX.
This property is $433.5K more than the Median Sold Price and $16/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: #4427523
Listing Office:
Office Name: Compass RE Texas, LLC
Office Phone: (512) 913-7480
Listing Agent: Jeffrey Schnabel
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: 11/5/2024, 9:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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NMLS#3030
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.
Middle School
5
/10
Covington Middle School
3700 Convict Hill Rd
Distance between this listing and this school3.14 miles
Public District Grades 6-8
High School
2
/10
Crockett High School
5601 Manchaca Rd
Distance between this listing and this school1.19 miles
Public District Grades 9-12
Nearby Schools
7
/10
St. Elmo Elementary School
600 W Saint Elmo Rd
Distance between this listing and this school0.70 miles
Public District Grades PK-5
5
/10
Galindo Elementary School
3800 S 2nd St
Distance between this listing and this school0.82 miles
Public District Grades PK-5
6
/10
Sunset Valley Elementary School
3000 Jones Rd
Distance between this listing and this school1.34 miles
Public District Grades PK-5
Assigned Schools
5
/10
Covington Middle School
3700 Convict Hill Rd
Distance between this listing and this school3.14 miles
Public District Grades 6-8
Nearby Schools
5
/10
Bedichek Middle School
6800 Bill Hughes Rd
Distance between this listing and this school2.06 miles
Public District Grades 6-8
4
/10
Kipp Austin Beacon Preparatory
5107 I 35 South
Distance between this listing and this school2.15 miles
Public Charter Grades 5-6
Assigned Schools
2
/10
Crockett High School
5601 Manchaca Rd
Distance between this listing and this school1.19 miles
Public District Grades 9-12
Nearby Schools
2
/10
Premier High School of Austin
1701 W Ben White Blvd # 100A
Distance between this listing and this school0.08 miles
Public Charter Grades 7-12
7
/10
Richards School For Young Women Leaders
2206 Prather Ln
Distance between this listing and this school0.77 miles
The neighbors living near this home have an average income of $69,369. The most common annual income of people living in Austin, TX is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
This home is located at 4414 Dianne Dr in Austin, TX and zip code 78745 in the Southwest neighborhood. This 3,086 square foot home, which was built in 1949, sits on a 0.28 acre lot. It has been listed on Rocket Homes since May 18, 2024 and is currently priced at $999,990.
Austin, TX housing market in October 2024 saw over 66 listings sold above listed price, more than 96 sold at listed price and over 506 sold below. The inventory of homes for sale in Austin, TX between September 2024 and October 2024 increased by 6.3%. 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.