Possible Seller financing option: terms 20% down, 8% interest only, 12-18 months with balloon. TOD zoned land in top location with DT views. A fantastic location for a mixed-use development. A 60ft high mixed-use development is going up to the East of those lots on E 7th st. A brand new high-end office building is going up on E 8th. New rules allow for up to 90ft mixed-use in TOD Zoning, see the article here - https://www.austinmonitor.com/stories/2022/06/council-approves-new-mixed-use-development-rules-and-launches-separate-corridor-proposal/ . Currently, there 1 small home one one lot and a parking lot on the other. Both properties have existing leases for ~$5k/side ( $10K per month total) to allow time for developers to work on plans etc. Links below for the new ALTO and Inf1nity Views projects which are right adjacent to Class A office space next door newly under construction. https://www.loopnet.com/Listing/924-E-7th-St-Austin-TX/23760735/ and https://www.loopnet.com/Listing/809-E-8th-St-Austin-TX/24677303/ Clear unobstructed views of downtown. Located in the Saltillo transit-oriented development (TOD) plan which allows for greater development potential, mixed-use, and less parking. Ready to make your mark in downtown Austin? 902 & 904 E 7th Street gives you the rare opportunity to own a thrilling piece of the action near Highway I-35, close to all the hottest nightlife spots and shops that downtown offers. Enjoy stunning, panoramic skyline views from your front door and take on the exciting investment project of a lifetime. 2 lots combined you can own a quarter of an acre in the middle of Central Austin!
Property Details
Property Features
Listing Office:
Office Name: Resavvy LLC
Office Phone: (512) 762-8669
Listing Agent: Tony Lazarov
Exterior Features
Exterior Information:
Waterfront: None
View: City, Panoramic
Exterior: Exterior Steps, See Remarks
Virtual/3D Tour
Virtual Tour: 902 E 7th St
Virtual Tour
Lot Features
Lot Information:
Lot: Back Yard, City Lot, Interior Lot, Near Public Transit, Few Trees, Views
Lot Size: 0.27 Acres
School Info
Assigned Schools Information:
Austin High School, Public District Grades 9-12
O. Henry Middle School, Public District Grades 6-8
Matthews Elementary School, Public District Grades PK-6
Other
Directions Information:
Directions: Going north on 35 take a right on east 7th St. property is on your left. Alley parking in the back.
Price Information
Listing Price Info
Price Summary:
List Price: $2,695,000
Tax Information:
Annual Amount: $19,854
Tax Year: 2020
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.
This property is $2.1M more than the Median Sold Price in Austin, TX.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ACTRIS
MLS Number: #5709332
Listing Office:
Office Name: Resavvy LLC
Office Phone: (512) 762-8669
Listing Agent: Tony Lazarov
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.
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.
Last updated on: 5/18/2024, 3:20:31 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
YEAR
PROP. TAX
ASSESSMENT
2020
$19,854
$891,628
2019
$19,148
$804,418
2018
$15,799
$688,000
2017
$13,699
$713,586
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$13.5K
Per Month
Principal & Interest
$13.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,146
Powered By
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
8
/10
Matthews Elementary School
906 Westlynn St
Distance between this listing and this school1.85 miles
Public District Grades PK-6
Middle School
5
/10
O. Henry Middle School
2610 W 10th St
Distance between this listing and this school2.77 miles
Public District Grades 6-8
High School
6
/10
Austin High School
1715 W Cesar Chavez St
Distance between this listing and this school2.16 miles
Public District Grades 9-12
Assigned Schools
8
/10
Matthews Elementary School
906 Westlynn St
Distance between this listing and this school1.85 miles
Public District Grades PK-6
Nearby Schools
5
/10
Sanchez Elementary School
73 San Marcos St
Distance between this listing and this school0.59 miles
Public District Grades PK-5
6
/10
Blackshear Elementary School
1712 E 11th St
Distance between this listing and this school0.64 miles
Public District Grades PK-5
Assigned Schools
5
/10
O. Henry Middle School
2610 W 10th St
Distance between this listing and this school2.77 miles
Public District Grades 6-8
Nearby Schools
5
/10
Texas Empowerment Academy
1010 E 10th St
Distance between this listing and this school0.21 miles
Public Charter Grades 6-9
6
/10
Kealing Middle School
1607 Pennsylvania Ave
Distance between this listing and this school0.73 miles
Public District Grades 6-8
Assigned Schools
6
/10
Austin High School
1715 W Cesar Chavez St
Distance between this listing and this school2.16 miles
Public District Grades 9-12
Nearby Schools
4
/10
Garza Independence High School
1600 Chicon St
Distance between this listing and this school1.02 miles
Public District Grades 10-12
2
/10
Austin Can Academy
2406 Rosewood Ave
Distance between this listing and this school1.48 miles
The neighbors living near this home have an average income of $65,802. Typical income of Austin, TX residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 902 E 7th St
What is the listing price of this property?
The listing price of 902 E 7th St property is $2,695,000.
What type of property is this?
The property 902 E 7th St is land located in Austin, Texas, 78702.
Is this property for sale now?
Active Listing: 902 E 7th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 902 E 7th St are: Matthews Elementary School: GreatSchools Rating 8/10O. Henry Middle School: GreatSchools Rating 5/10Austin High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $19,854 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 902 E 7th St in Austin, TX and zip code 78702 in the Central East Austin / East Side neighborhood. This home sits on a 0.27 acre lot. It has been listed on Rocket Homes since March 17, 2023 and is currently priced at $2,695,000.
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 homes for sale in Austin, TX increased by 18.7% between March 2024 and April 2024. In April 2024 median list price was $568,336 and the average listing age was 46 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Music Concerts
Music Concerts
Major League Soccer (MLS)
Art Museums
H&M
Banana Republic
Bloomingdales
Chipotle
Jack In The Box
Starbucks
Volkswagen
Toyota
Audi
Rhythmic Contemporary Hits
Jazz
News