3 months on rocket

501 W Ave Unit 705, Austin, TX, 78701

$925,500

Home List Price

$10,000*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
1,092 SqFt
$848/SqFt
Condo

Location

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501 W Ave Unit 705, Austin$925,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, Garage
Garage1 space
Year Built2018
HeatingCentral
CoolingCentral Air
WaterfrontNone
ViewCity
MLS #7295794
StatusActive

About 501 W Ave Unit 705

Discover urban elegance at its finest in this stunning residence. This beautifully designed 1-bedroom + study, 1.5-bathroom home spans 1,092 square feet and features sophisticated contemporary finishes and rich hardwood floors throughout. The open-concept living area is bathed in natural light, with expansive windows offering captivating city views. The gourmet kitchen boasts sleek cabinetry, premium countertops, and high-end appliances, making it ideal for culinary enthusiasts and avid entertainers alike. The spacious primary bedroom includes a luxurious en-suite bathroom, while an additional half bathroom adds convenience for guests. Enjoy top-tier amenities: The building offers an array of luxury features, including a state-of-the-art gym, tranquil yoga studio, refreshing pool, rejuvenating spa, and a pet spa for your furry friends. Seller financing is available for this exceptional home. Prefer a 2/1 rate buy-down? Just ask! Unit 705 at 501 West Avenue is more than just a home; it’s a lifestyle of elegance and modern comfort in the heart of Austin. Experience the best of city living with unmatched amenities and a prime location.

Property Details

Property Features

Property Information:

  • Year Built: 2018
  • Stories: 1
  • Living Area: 1,092 SqFt

Listing Office:

  • Office Name: Compass RE Texas, LLC
  • Office Phone: (512) 903-5129
  • Listing Agent: Denise Bodman

Interior Features

Interior Information:

  • Appliances: Oven, Cooktop, Washer/Dryer Stacked, Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Stainless Steel Appliance(s)
  • Flooring Type: Tile, Wood
  • Interior: Breakfast Bar, Double Vanity, Entrance Foyer, High Ceilings, Kitchen Island, Main Level Primary, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

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

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Covered, Garage

Lot Features

Lot Information:

  • Lot: City Lot, Near Public Transit

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From I35 take the 6th Street exit. Turn west on 6th Street. Left on West Ave. Building on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $925,500
  • Price Per SqFt: $848/SqFt

HOA Fees:

  • Amount: $955
  • Frequency: Monthly
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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

501 W Ave Unit 705 vs Austin

108 DAYS ON ROCKET

+34 Days

$925,500

+$358K More

$848/SqFt

+$540 More

KEY TAKEAWAY

This property is $358K more than the Median Sold Price and $540/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: #7295794

Listing Office:

  • Office Name: Compass RE Texas, LLC
  • Office Phone: (512) 903-5129
  • Listing Agent: Denise Bodman

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: 12/18/2024, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$5,642

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,841

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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-4497337
8
/10

  • Matthews Elementary School

  • 906 W Lynn St

  • 0.86 miles

  • Public District Grades PK-6

school-card-donut-4497338
5
/10

  • Sanchez Elementary School

  • 73 San Marcos St

  • 1.21 miles

  • Public District Grades PK-5

school-card-donut-4497339
8
/10

  • Becker Elementary School

  • 906 W Milton St

  • 1.42 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $88,116. Residents of Austin, TX typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 W Ave Unit 705

What is the listing price of this property?

The listing price of 501 W Ave Unit 705 property is $925,500.

What type of property is this?

The property 501 W Ave Unit 705 is a condo located in Austin, Texas, 78701.

Is this property for sale now?

Active Listing: 501 W Ave Unit 705 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 501 W Ave Unit 705 has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 501 W Ave Unit 705 is 1,092 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 W Ave Unit 705 is 2018.

Rocket Homes›Texas›Travis County›Austin›78701›501 W Ave Unit 705

This home is located at 501 W Ave Unit 705 in Austin, TX and zip code 78701 in the Downtown neighborhood. This 1,092 square foot home was built in 2018. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since September 01, 2024 and is currently priced at $925,500.

In November 2024 more than 59 listings in Austin, TX were sold above the asking price. During the same period more than 96 listings were sold at asking price, while more than 446 were sold below. In November 2024 in Austin, TX there were 1.1% less homes for sale than in October 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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