7 months on rocket

507 Allen St, Austin, TX, 78702

$720,000

Home List Price

$8,550*

Closing Credit

3 Bedrooms
2 Full Baths
1,120 SqFt
$643/SqFt
House

Location

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507 Allen St, Austin$720,000

Buyer Closing Credits

$8,550*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Unpaved
Year Built1940
HeatingCentral, Natural Gas
CoolingCentral Air, Electric
WaterfrontNone
ViewNone
MLS #5245447
Lot Size0.14 Acres
StatusActive

About 507 Allen St

Location Location Location....Remarkable investment opportunity. This property is just a 2 minute drive time to downtown Austin. Exceptional property with multiple possibilities for development. Located in the highly sought after East Austin area. Conveniently located nearby Grizzeldas, Justine's, Cloud Tree Art Studio/Gallery, Central Machine Works, Metro Rail, and just a 2 minute drive from downtown Austin. The property is zoned SF3, allowing flexibility of land use and in construction and development plans. This charming home offers 3 bedrooms, 2 bathrooms, and an abundance of natural light. This property is also Wheelchair accessible. There is opportunity to rebuild, teardown, or add another property on this lot along with this home. The property next door located at 509 Allen St is also for sale. Seller would like to sell both properties at the same time. This would give a investor or developer a chance to design and build brand new dwellings and maximize your investment. Don't miss out on this amazing opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 1
  • Living Area: 1,120 SqFt

Listing Office:

  • Office Name: Pure Realty
  • Office Phone: (512) 924-1081
  • Listing Agent: Alice Solis

Interior Features

Interior Information:

  • Appliances: Electric Water Heater, Range
  • Flooring Type: Carpet, Laminate
  • Interior: Main Level Primary, No Interior Steps

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: None
  • Exterior: Exterior Steps

Parking Information:

  • Parking: Driveway, Unpaved

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Interior Lot, Level
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: Take Cesar Chavez East; Left on Tillery; Right on E. 5th St.; Left on Allen; property is on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $720,000
  • Price Per SqFt: $643/SqFt

Tax Information:

  • Annual Amount: $2,911
  • 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

507 Allen St vs Austin

238 DAYS ON ROCKET

+166 Days

$720,000

+$153.5K More

$643/SqFt

+$335 More

KEY TAKEAWAY

This property is $153.5K more than the Median Sold Price and $335/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: #5245447

Listing Office:

  • Office Name: Pure Realty
  • Office Phone: (512) 924-1081
  • Listing Agent: Alice Solis

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: 11/22/2024, 9:20:47 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$2,911$250,832
2019$5,380$228,029
2018$4,172$207,299
2017$3,821$188,454

History based on county public records data.

Payment Calculator

$3,661

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,225

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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-735637
2
/10

  • Govalle Elementary School

  • 3601 Govalle Ave

  • 0.70 miles

  • Public District Grades PK-5

school-card-donut-735638
5
/10

  • University of Texas el Charter School

  • 2200 E 6th St

  • 0.81 miles

  • Public Charter Grades PK-5

school-card-donut-735639
6
/10

  • Zavala Elementary School

  • 310 Robert T Martinez Jr St

  • 0.94 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 $50,814. Residents of Austin, TX typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 Allen St

What is the listing price of this property?

The listing price of 507 Allen St property is $720,000.

What type of property is this?

The property 507 Allen St is a house located in Austin, Texas, 78702.

Is this property for sale now?

Active Listing: 507 Allen St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,911 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 507 Allen St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 507 Allen St is 1,120 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 Allen St is 1940.

Rocket Homes›Texas›Travis County›Austin›78702›507 Allen St

This home is located at 507 Allen St in Austin, TX and zip code 78702 in the East neighborhood. This 1,120 square foot home, which was built in 1940, sits on a 0.14 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 29, 2024 and is currently priced at $720,000.

In October 2024, from all listings sold in Austin, TX there were more than 66 sold above asking price, over 506 sold below and more than 96 were sold right at the asked price. In October 2024 in Austin, TX there were 6.3% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $566,430, while the average time on the real estate market was 72 days.

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

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