9 months on rocket

502 Grace Ln, Austin, TX, 78746

$2,340,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
5 Full Baths, 1 Partial
5,062 SqFt
$462/SqFt
House

Location

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502 Grace Ln, Austin$2,340,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAdditional Parking, Circular Driveway, Carport, Garage, Garage Faces Side
Garage2 spaces
Year Built1974
HeatingCentral
CoolingCentral Air
WaterfrontCreek
FireplaceGreat Room
ViewCanyon, Park, Creek/Stream, Trees/Woods
MLS #6317516
Lot Size3.75 Acres
StatusActive

About 502 Grace Ln

Seller Financing Options. Escape the ordinary and enter a realm of enchantment at 502 Grace Lane. Nestled in the Eanes Independent School District, this sprawling property boasts breathtaking canyon views and ancient forests. Unbound by restrictions, the possibilities are endless. The property itself is a wonderland. A comfortable 2600 sq ft main house offers a perfect sanctuary, while a charming duplex and a quaint guest house provide additional space or income potential. Cascading tiers lead down to a mesmerizing creek, all encompassed by pristine woodlands. This legal tract is a blank canvas for your vision. Whether you seek a sprawling estate, a community haven, or a source of income, the choice is yours. Since the 1970s, the property has enjoyed freedom from restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and nearby MUD districts ensure convenience and self-sufficiency. Three structures totaling 5062 sq ft await your arrival. 2600 sq ft home, 2 bed 1 bath duplex and 500 sq ft guest house. MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS NO ZONING RESTRICTIONS. LEGAL TRACT EXEMPT FROM REQUIREMENT TO PLAT.

Property Details

Property Features

Property Information:

  • Year Built: 1974
  • Stories: 2
  • Living Area: 5,062 SqFt

Listing Office:

  • Office Name: @ properties Christie's International
  • Office Phone: (512) 368-8078
  • Listing Agent: Beth Sher

Interior Features

Interior Information:

  • Appliances: Other
  • Flooring Type: See Remarks
  • Interior: See Remarks
  • Fireplace: Great Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Creek
  • View: Canyon, Park, Creek/Stream, Trees/Woods
  • Exterior: Balcony, Private Yard, See Remarks

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Additional Parking, Circular Driveway, Carport, Garage, Garage Faces Side

Virtual/3D Tour

  • Virtual Tour: 502 Grace Ln
Virtual Tour

Lot Features

Lot Information:

  • Lot: Back Yard, Near Park, Gentle Sloping
  • Lot Size: 3.75 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,340,000
  • Price Per SqFt: $462/SqFt
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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

502 Grace Ln vs Austin

288 DAYS ON ROCKET

+216 Days

$2,340,000

+$1.7M More

$462/SqFt

+$154 More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $154/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: #6317516

Listing Office:

  • Office Name: @ properties Christie's International
  • Office Phone: (512) 368-8078
  • Listing Agent: Beth Sher

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: 11/22/2024, 12:20:50 PM 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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$11.7K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,082

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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-614949
9
/10

  • Barton Creek Elementary School

  • 1370 Patterson Rd

  • 1.33 miles

  • Public District Grades KG-5

school-card-donut-614950
7
/10

  • Valley View Elementary School

  • 1201 S Capital of Texas Hwy

  • 3.09 miles

  • Public District Grades KG-5

school-card-donut-614951
8
/10

  • Forest Trail Elementary School

  • 1203 S Capital of Texas Hwy

  • 3.22 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $204,386. Residents of Austin, TX typically earn $200k+ each year. The majority of families are married, with kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 Grace Ln

What is the listing price of this property?

The listing price of 502 Grace Ln property is $2,340,000.

What type of property is this?

The property 502 Grace Ln is a house located in Austin, Texas, 78746.

Is this property for sale now?

Active Listing: 502 Grace Ln is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 502 Grace Ln has 8 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 502 Grace Ln is 5,062 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 Grace Ln is 1974.

Rocket Homes›Texas›Travis County›Austin›78746›502 Grace Ln

This home is located at 502 Grace Ln in Austin, TX and zip code 78746 in the Rob Roy neighborhood. This 5,062 square foot home, which was built in 1974, sits on a 3.75 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since February 08, 2024 and is currently priced at $2,340,000.

In October 2024 more than 66 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 506 were sold below. The inventory of homes for sale in Austin, TX between September 2024 and October 2024 increased by 6.3%. 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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