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$465,000   Price Analysis
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2502 Colby Cv
Austin, TX 78723
4 bed 3 bath 2,459 SqFt ($189/SqFt)
0.42 acre lot. Built 1964
Listed 2024-05-02, Taxes $8,066
Ⓧ USDA Ineligible
due to location

near Austin

As-is sale on a giant lot in University Hills!

* Sale Pending *

Investor/developer special-- tons of opportunity and options for upcycling this property. Unique property with a single family home + an apartment built onto the back of it with its own kitchen, bath, living, bedroom, walk-in closet, HVAC, electric meter, etc. Fix and flip for generational living, a built in STR opportunity or potentially put the property into a condo association and flip into two units for resale.

OR teardown to rebuild in one of East Austin's most iconic neighborhoods. There could be potential to add a third dwelling unit, but buyer to verfy. This home is in an estate--the executor has no knowledge of property condition other than what is visible. Shed does not convey.


Presented by Hope Teel Colt at
RE/MAX Fine Properties.
Listing Agent Photo

Property MLS #8080592 from UnlockMLS

Bedrooms: 4
Bedrooms On Main Level: 4

Total Bathrooms: 3
Full Bathrooms: 3

Bookcases
Built-in Features
Ceiling Fan(s)
Multiple Living Areas
No Interior Steps
Primary Bedroom on Main
Washer Hookup

Dishwasher
Disposal
Microwave
Free-Standing Refrigerator
Laundry Features: Inside

Cooling Features: Central Air
Fireplace Features: Family Room
Heating Features: Central
Number of Fireplaces: 1

Fencing: Back Yard

Covered Spaces: 2
Garage Spaces: 2
Parking Features: Attached, Garage, Garage Faces Front
Parking Total: 2

Lot Description: Back Yard, Few Trees, Front Yard
Lot Size Acres: 0.4154
Lot Size Square Feet: 18095

View: Creek/Stream
Security Features: Smoke Detector(s)

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Andrews
High School: Lyndon B Johnson (Austin ISD)
Middle School: Pearce Middle
School District: Austin ISD

Andrews Elementary School is a public elementary school located approximately 0.3 miles away.
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Lbj High School is a public high school located approximately 1.2 miles away.
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Webb Middle School is a public middle school located approximately 2 miles away.
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Hope Lutheran School is a private elementary and middle school located approximately 0.5 miles away.
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Annual Tax Amount: 7389.98
Source Listing Status: Pending
Tax Exemptions: Homestead
County: Travis
Directions: I-35 TO 290 E, TAKE EXIT TO BERKMAN DR. TURN RT ONTO NORTHEAST DR. , TURN LEFT ONTO CREIGHTON LN, TAKE 1ST LEFT ONTO COLBY COVE
Tax Year: 2023
Source Property Type: Residential
Area: 3
Source Neighborhood: University Hills West
Ownership Type: Fee-Simple
Parcel Number: 02262302090000
Subdivision: University Hills West
Flood Plain: Partial
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$unknown + $unknown
$371,324
$8,066
2022$unknown + $unknown
$337,567
$8,082
2021$unknown + $unknown
$306,879
$7,516
2020$unknown + $unknown
$278,981
$6,582
2019$unknown + $unknown
$253,619
$6,127
2018$unknown + $unknown
$230,563
$5,615
2017$unknown + $unknown
$209,603
$5,141
2016$124,048 + $66,500
$190,548
$4,812
2014$unknown + $unknown
$177,036
$4,573
2014$119,160 + $66,500
$185,660
$4,418
2013$108,692 + $52,250
$160,942
$4,282
2012$unknown + $unknown
$152,060
$3,834
2011$unknown + $unknown
$158,336
$3,523
2010$unknown + $unknown
$166,323
$3,493
2009$unknown + $unknown
$123,750
$3,623
2008$unknown + $unknown
$100,000
$2,664

Listed 2024-05-02
$465,000
UnlockMLS

Total Square Feet Living: 2459
Year Built: 1964
Construction Materials: Brick
Direction Faces: North
Foundation Details: Slab
Levels: One
Living Area Source: Public Records
Property Age: 60
Roof: Composition, Shingle
House Style: 1st Floor Entry
Year Built Source: Public Records

Sewer: Public Sewer
Electricity Available
Sewer Available
Water Available
Water Source: Public
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.