3 months on rocket

502 Grace Ln, Austin, TX, 78746

$2,350,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
5 Full Baths, 1 Partial
5,062 SqFt
$464/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

502 Grace Ln, Austin$2,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

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

Livable 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 The property has several tiers, leading from a hilltop down to an amazing long-flowing creek, and is surrounded by an abundant number of trees, as the land surrounding the structures has never been developed. This is a prospective buyer's or developer's dream lot, depending on the path the new owner decides to take. The property is just under a four-acre wooded tract in Rob Roy West, situated near Bee Cave Road, which could be cleared and constructed into a vast single-family estate, serving as the first option. Secondly, it has the potential to be transformed into a condo or apartment development. Thirdly, it could be utilized as an income-generating property, as it already has a large rock house, two two-bedroom in duplex 1600 sq ft , and a one-bedroom cottage/guest house that is available for immediate occupancy. The property deed has no restrictions, as it has been grandfathered since the 1970s. The property is located in the Eanes Independent School District and the City of Austin ETJ. Additionally, there are multiple Austin Electric meters on the property, a 950-foot deep well that supplies water, and two MUD districts located in close proximity. Three structures total of 5062 sq ft. Please contact me for Survey.

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

Lot Features

Lot Information:

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

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Westlake High School, Public District Grades 9-12
  • West Ridge Middle School, Public District Grades 6-8
  • Forest Trail Elementary School, Public District Grades PK-5

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: $2,350,000
  • Price Per SqFt: $464/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Austin, TX.

Map thumbnail provided by MapBox

Austin, TX

City

Med. Sold Price

$568.3K

Med. Price/SqFt

$310

Avg. Days On Market

46

# of Sold Homes

925

502 Grace Ln vs Austin

103 DAYS ON ROCKET

+57 Days

$2,350,000

+$1.7M More

$464/SqFt

+$153 More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $153/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.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 5/21/2024, 3:20:31 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.

Payment Calculator

$11.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,112

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-4727356
8
/10

  • Forest Trail Elementary School

  • 1203 Loop 360 South

  • 2.23 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4727357
9
/10

  • West Ridge Middle School

  • 9201 Scenic Bluff Dr

  • 1.61 miles

  • Public District Grades 6-8

High School

school-card-donut-4727358
8
/10

  • Westlake High School

  • 4100 Westbank Dr

  • 3.68 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 $204,386. The majority of Austin, TX residents have income $200k+ annually. The majority of families are married, with kids. The majority of residents in this area have post secondary degree education.

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 $2,350,000.

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.

What are the assigned schools for this property?

The assigned schools for 502 Grace Ln are:
Forest Trail Elementary School: GreatSchools Rating 8/10
West Ridge Middle School: GreatSchools Rating 9/10
Westlake High School: GreatSchools Rating 8/10

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 $2,350,000.

While more than 195 listings in Austin, TX in April 2024 were sold above asking price, there were more than 158 listings sold at asking price, and more than 571 were sold below. The number of listings in Austin, TX increased by 18.7% between March 2024 and April 2024. Listings spent 46 days on the market in April 2024, and had a median list price of $568,336 during the same period.

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

More Resources