27 days on rocket

500 Terrace Dr, Austin, TX, 78704

$1,400,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
4,019 SqFt
$348/SqFt
House
Schools Nearby

Location

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500 Terrace Dr, Austin$1,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Driveway, Detached, Garage, Garage Faces Side
Garage2 spaces
Year Built2011
HeatingForced Air, Fireplace(s), Natural Gas
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontNone
FireplaceHeatilator, Living Room, Primary Bedroom, Raised Hearth, Stone, Insert
ViewNeighborhood
MLS #8609714
Lot Size0.17 Acres
StatusActive

About 500 Terrace Dr

DIAMOND IN THE ROUGH! Located on a corner lot on a quiet street with downtown views from the 3rd story, the home was built in 2011 and never finished. The sale includes 95% (est.) of all the building materials needed to complete the home. Listed well below Travis CAD 2023 value, this home is a potential goldmine to the buyer who has finishing experience. The sellers spared no expense with building materials or appliances. The home includes a 6 burner DCS double convection oven range with built in grill, a DCS SS refrigerator, Bosch SS dishwasher, a Samsung SS stackable washer and dryer. High end materials were used in the construction and the seller started the Austin Green Building Program, but never finished. Marvin Integrity fiber glass windows were installed with screens still in the original packaging. A high efficiency fireplace is in the main living area surrounded by fossilized limestone from the Permian Basin. The home also includes a private outdoor shower, multiple hidden storage areas, a central vacuum system, rosewood, bamboo and oak flooring, double limestone sinks in the primary bath, and beautiful walnut bamboo cabinetry. The 3rd story 1/4 bath drain is in place to install a shower and make a full bath. The detached garage has 1/4 bath, and dog bath that can be converted to full bathroom with potential to build a studio apartment . This unique home is just steps away from Little Stacy Park, Blunn Creek Greenbelt Trail or a couple of blocks to South Congress, music, shops and dining including Perla's, Lucy's, C-Boys Heart & Soul, Magnolia Cafe, Torchy’s Tacos, Allen's Boots + SO MUCH MORE. Many stunning new builds nearby. Multiple surveys are available. Complete building plans will transfer with the sale.

Property Details

Property Features

Property Information:

  • Year Built: 2011
  • Living Area: 4,019 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (512) 346-3550
  • Listing Agent: Dee Thomas

Interior Features

Interior Information:

  • Appliances: Gas Range, Oven, Refrigerator, Convection Oven, Dryer, Dishwasher, Exhaust Fan, Disposal, Microwave, Tankless Water Heater, Washer
  • Flooring Type: Concrete, Tile, Wood
  • Interior: Breakfast Bar, Ceiling Fan(s), Central Vacuum, Separate/Formal Dining Room, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Multiple Dining Areas, Pantry, Storage, Soaking Tub, Smart Thermostat, Walk-In Closet(s)
  • Fireplace: Heatilator, Living Room, Primary Bedroom, Raised Hearth, Stone, Insert

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: Neighborhood
  • Exterior: Balcony, Garden, Rain Gutters

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Door-Multi, Driveway, Detached, Garage, Garage Faces Side

Lot Features

Lot Information:

  • Lot: Corner Lot, Garden, Native Plants
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Fireplace(s), Natural Gas
  • Cooling: Central Air, Ceiling Fan(s), Electric

School Info

Assigned Schools Information:

  • Travis High School, Public District Grades 9-12
  • Fulmore Middle School, Public District Grades 6-8
  • Travis Heights Elementary School, Public Charter Grades PK-5

Other

Directions Information:

  • Directions: From I-35 S to S I-35 Frontage Rd. Take exit 232 from I-35 S. Continue on S I-35 Frontage Rd. Take Woodland Ave to Terrace Dr. House is on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000
  • Price Per SqFt: $348/SqFt

Tax Information:

  • Annual Amount: $21,432
  • 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

$568.8K

Med. Price/SqFt

$311

Avg. Days On Market

56

# of Sold Homes

812

500 Terrace Dr vs Austin

27 DAYS ON ROCKET

-29 Days

$1,400,000

+$831.1K More

$348/SqFt

+$37 More

KEY TAKEAWAY

This property is $831.1K more than the Median Sold Price and $37/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: #8609714

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (512) 346-3550
  • Listing Agent: Dee Thomas

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: 5/1/2024, 7:20:14 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$21,432$1,045,982
2019$22,434$1,045,982
2018$23,738$1,095,204
2017$22,208$1,072,187

History based on county public records data.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

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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.

Elementary School

school-card-donut-4344551
6
/10

  • Travis Heights Elementary School

  • 2010 Alameda Dr

  • 0.16 miles

  • Public Charter Grades PK-5

Middle School

school-card-donut-4344552
4
/10

  • Fulmore Middle School

  • 201 E Mary St

  • 0.16 miles

  • Public District Grades 6-8

High School

school-card-donut-4344553
3
/10

  • Travis High School

  • 1211 E Oltorf St

  • 0.75 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $135,833. The majority of Austin, TX residents have income between $100k-200k annually. Typical family type 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 500 Terrace Dr

What is the listing price of this property?

The listing price of 500 Terrace Dr property is $1,400,000.

What type of property is this?

The property 500 Terrace Dr is a house located in Austin, Texas, 78704.

Is this property for sale now?

Active Listing: 500 Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 500 Terrace Dr are:
Travis Heights Elementary School: GreatSchools Rating 6/10
Fulmore Middle School: GreatSchools Rating 4/10
Travis High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $21,432 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 500 Terrace Dr has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 500 Terrace Dr is 4,019 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 500 Terrace Dr is 2011.

Rocket Homes›Texas›Travis County›Austin›78704›500 Terrace Dr

This home is located at 500 Terrace Dr in Austin, TX and zip code 78704 in the Travis Heights / South River City neighborhood. This 4,019 square foot home, which was built in 2011, sits on a 0.17 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $1,400,000.

In March 2024, from all listings sold in Austin, TX there were more than 159 sold above asking price, over 503 sold below and more than 150 were sold right at the asked price. The number of listings in Austin, TX increased by 21.3% between February 2024 and March 2024. In March 2024 median list price was $568,825 and the average listing age was 56 days.

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

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