7503 Carriage Drive, Austin

$500,000

3 Beds
2 Baths
1,110 Sqft
.31 Acre
2 Garages

Incredible opportunity in the heart of north central Austin in The Highland Neighborhood with convenient access to The Domain, Q2 Stadium, Mueller Community, The Triangle, The University of Texas, and only 6 miles from downtown. Multiple possibilities. The existing structure can be remodeled and expanded up to 4,357 square feet and include an ADU of up to 1,100 square feet. This .313-acre property is zoned SF-3 NP Family Residence. A recent feasibility analysis reports that the lot supports a duplex with up to 2,728 sq ft per side. The lot could be subdivided into Lot A (front lot) of 5,940 square feet and Lot B of 6,468 square feet. Lot A can reportedly support a main house of 1485 square feet and an ADU of 891 square feet. Lot B could support a main house of 1,617 square feet and an ADU of 970 square feet. Recent sales of new construction in this area of dwellings of 2500 sq ft support an average sales price of $429 per square foot projecting an estimated potential of $2,340,000 in finished construction with the duplex scenario. The subdivision development scenario supports 4963 square feet of completed new construction. Recent sales of smaller new construction dwellings demonstrate an average sale price of $463 per square foot for a projected $2,300,000. All estimates are projections and due diligence regarding feasibility and financial projections is the buyer's responsibility.

Essential Information
MLS® #4651428
Price$500,000
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage1,110
Acres0.31
Year Built1960
TypeResidential
Sub-TypeSingle Family Residence
StatusActive
Community Information
Address7503 Carriage Drive
Area2
SubdivisionHoliday Hills Sec 01
CityAustin
CountyTravis
StateTX
Zip Code78752
Amenities
FeaturesNone
ParkingCovered, Carport
Garage Spaces2
ViewNone
WaterfrontNone
Utilities

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Interior
InteriorCarpet, Linoleum, See Remarks
AppliancesSee Remarks
HeatingCentral
# of Stories1
StoriesOne
Exterior
Exterior FeaturesSee Remarks
RoofShingle
ConstructionBrick, Frame, Vinyl Siding
FoundationSlab
Lot Description

Cul-De-Sac, See Remarks, Trees Large Size

School Information
DistrictAustin ISD
ElementaryBrown
MiddleWebb
HighNavarro Early College
Additional Information
Date ListedApril 25th, 2024
Days on Market10
Listing Details
Office Contact(888) 519-7431
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The information being provided is 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.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 5th, 2024 at 12:46pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.