700-604 Corral Lane

Austin, TX 78745

$1,800,000
Price
87,555 / 2.01
Lot Size / Acres

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.
  1. 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
Waterfront
No
Waterfront Description
None
Water Access Description
None
View
None
View YN
No
Parcel Number
04240702020000
Tax Lot
25 & 26
LISTING UPDATED: 09/30/2024 02:11 PM

Property Details for 700-604 Corral Lane

StatusActive
MLS #5065495
Days on Market64
Taxes$6,342 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Multiple Parcels
Year Built-
Lot Size2.01 AC
CountyTravis County

Building Information for 700-604 Corral Lane

Lot Size2.01 AC

Property Information for 700-604 Corral Lane

General Information
Interior
  • Restrictions: See Remarks, Zoning Restrictions
Exterior
  • New Construction: No
  • Community Features: None
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: City Lot, Level, See Remarks, Few Trees
  • Zoning: SF-2, HOME & HOME2 compat
  • Horse: No
  • Corporate Owner Allowed YN: No
  • Horse Amenities: None
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $318,649
  • Additional Parcels: Yes
  • Additional Parcels Description: TO INCLUDE #04240702030000
  • Tax Year: 2024
  • Tax Rate: 1.81%
Showing Information
Showing Information
  • Directions: Due to I-35 construction, must access from west. Wllm Cannon to south on Circle S Rd, left on Corral, all the way to end, last two houses on left. No sign. Do not enter properties without making arrangements with agent.

Property History for 700-604 Corral Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

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700-604 Corral Lane is a 2.01 ac of land for sale in Austin, TX 78745. This property was listed for sale on September 30, 2024 by Texas Ally Real Estate Group, it's currently listed at $1,800,000. This listing's school district is Austin Independent School District. Nearby schools include Pleasant Hill Elementary School, Bedichek Middle School and Crockett High School. 700-604 Corral Lane is a 0-bed, 0-bath, 2.01 ac of land on a 87,555 sq. ft. / 2.01 acres lot.

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 Texas Ally Real Estate Group, David Mosrie, TREC #0629631

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.