507 Allen Street

Austin, TX 78702

$720,000
Price
3
Beds
2
Baths
1,120 Sq. Ft.
$643 / Sq. Ft.
1,120
Sq. Ft.
$643
per Sq. Ft.

Description

Location Location Location.... Remarkable investment opportunity. This property is just a 2 minute drive time to downtown Austin. Exceptional property with multiple possibilities for development. Located in the highly sought after East Austin area. Conveniently located nearby Grizzeldas, Justine's, Cloud Tree Art Studio/Gallery, Central Machine Works, Metro Rail, and just a 2 minute drive from downtown Austin. The property is zoned SF3, allowing flexibility of land use and in construction and development...Location Location Location.... Remarkable investment opportunity. This property is just a 2 minute drive time to downtown Austin. Exceptional property with multiple possibilities for development. Located in the highly sought after East Austin area. Conveniently located nearby Grizzeldas, Justine's, Cloud Tree Art Studio/Gallery, Central Machine Works, Metro Rail, and just a 2 minute drive from downtown Austin. The property is zoned SF3, allowing flexibility of land use and in construction and development plans. This charming home offers 3 bedrooms, 2 bathrooms, and an abundance of natural light. This property is also Wheelchair accessible. There is opportunity to rebuild, teardown, or add another property on this lot along with this home. The property next door located at 509 Allen St is also for sale. Seller would like to sell both properties at the same time. This would give a investor or developer a chance to design and build brand new dwellings and maximize your investment. Don't miss out on this amazing opportunity!
  1. Listed by Alice Solis • TREC #0569071 • Pure Realty • (512) 924-1081

Property Details for 507 Allen Street

Subdivision Name
Pipkin Add
Waterfront
No
Waterfront Description
None
Water Access Description
None
View
None
View YN
No
Parcel Number
02021406020000
Tax Lot
10
LISTING UPDATED: 09/30/2024 01:32 PM

Property Details for 507 Allen Street

StatusActive
MLS #5245447
Days on Market221
Taxes$6,040 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1940
Lot Size0.14 AC / 6,242 SF
CountyTravis County

Building Information for 507 Allen Street

Stories1Year Built1940Building Size-Lot Size0.14 AC / 6,242 SF

Property Information for 507 Allen Street

General Information
Parking
  • Garage Spaces: 0
  • Parking Total: 2
  • Parking Features: Driveway, Unpaved
  • Garage: No
  • Covered Spaces: 0
Interior
  • Interior Features: Main Level Master, No Interior Steps
  • Flooring: Carpet, Laminate
  • Appliances: Electric Water Heater, Free-Standing Range
  • Fireplace: No
  • Fireplaces Total: 0
  • Laundry Features: Laundry Closet
  • Restrictions: City Restrictions, Deed Restrictions
Exterior
  • Exterior Features: Exterior Steps
  • New Construction: No
  • Construction Materials: Frame
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: None
  • Roof: Composition
  • Fencing: Chain Link, Partial
  • Direction Faces: Southwest
  • Window Features: None
  • Accessibility Features: Customized Wheelchair Accessible
  • Community Features: Curbs
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Back Yard, Front Yard, Interior Lot, Level, Trees Medium Size
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air, Electric
  • Heating YN: Yes
  • Heating: Central, Natural Gas
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
Room Information
Room 1
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: Laminate Counters
  • Room Description: Kitchen
Room 2
  • Room Type: Primary Bathroom
  • Room Level: Main
  • Room Features: Bath in Primary Bedroom
  • Room Description: Primary Bathroom
Room 3
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Features: Bath in Primary Bedroom, See Remarks
  • Room Description: Primary Bedroom
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $333,858
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.81%
Showing Information
Showing Information
  • Security Features: None
  • Directions: Take Cesar Chavez East; Left on Tillery; Right on E. 5th St.; Left on Allen; property is on the right

Property History for 507 Allen Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 507 Allen Street

Taxable ValueLand$450,000Additions$299,229Total$749,229
Tax Record2022$2,781 ($232 / month)
Home Facts
Beds0Total Finished SqFt1,120 SqFtAbove Grade Finished SqFt1,120 SqFtStories1Lot Size6,242 SqFtStyleSingle Family ResidenceYear Built1940CountyTRAVISAPN0202140602

Schools near 507 Allen Street

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Govalle Elementary School
PublicPK to 6

Martin Middle School
Public7 to 8

Eastside Memorial High School
Public9 to 12

Alternative Learning Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

507 Allen Street is a single family home for sale in Austin, TX 78702. This property was listed for sale on March 28, 2024 by Pure Realty, it's currently listed at $720,000. This listing's school district is Austin Independent School District. Nearby schools include Govalle Elementary School, Martin Middle School and Eastside Memorial High School. 507 Allen Street is a 3-bed, 2-bath, 1,120 sqft single family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pure Realty, Alice Solis, TREC #0569071

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.