700-604 Corral Lane
$1,800,000
87,555 / 2.01
Description
2.01+/- acre assemblage of two 1 ac city lots, ideal site for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51,000 buildable sqft, or around $35/sqft land cost. Arborist indicates all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost...2.01+/- acre assemblage of two 1 ac city lots, ideal site for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51,000 buildable sqft, or around $35/sqft land cost. Arborist indicates all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost is less than $60,000 per unit. Two existing homes - one has classic MCM style, the other an older cottage - one or both could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Everyone is pitching HOME / HOME 2 on every lot in Austin, but this is exactly what this code was intended to do. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information.
- Listed by David Mosrie • TREC #0629631 • Texas Ally Real Estate Group • (512) 763-2559
Property Details for 700-604 Corral Lane
Subdivision Name
Circle S Ridge Sec 01
WaterfrontNo
Waterfront DescriptionNone
Water Access DescriptionNone
ViewNone
View YNNo
Parcel Number04240702020000
Tax Lot25 & 26
LISTING UPDATED: 09/30/2024 02:11 PM
Property Details for 700-604 Corral Lane
Status | Active |
---|---|
MLS # | 5065495 |
Days on Market | 64 |
Taxes | $6,342 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Multiple Parcels |
Year Built | - |
Lot Size | 2.01 AC |
County | Travis County |
Building Information for 700-604 Corral Lane
Lot Size2.01 AC
Property Information for 700-604 Corral Lane
Property History for 700-604 Corral Lane
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 700-604 Corral Lane
This home is within Austin Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Pleasant Hill Elementary School PublicPK to 5 | ||
Bedichek Middle School Public6 to 8 | ||
Crockett High School Public9 to 12 | ||
Richards School For Young Women Leade 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.