Steve Gonzales, Listing Office: M.E. 'Gene' Johnson REALTY
Property details
About 700 Corral Ln
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.
Highlights
Summary
- MLS Number: 3995902
- MLS Name: ACTRIS
- Office Name: Texas Ally Real Estate Group
- Office Phone: (512) 763-2559
- Listing Agent: David Mosrie
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.
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Last updated on: 1/30/2025, 9:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,800,000
700 Corral Ln
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Price information
Property sales
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Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $555,202 | $4,807 |
2023 | $584,423 | $4,807 |
2022 | $621,727 | $4,807 |
2021 | $263,346 | $4,689 |
2019 | $217,641 | $5,134 |
2018 | $197,855 | $3,982 |
2017 | $179,868 | $3,646 |
History based on county public records data.
Nearby schools
4
Wayside Real Learning Academy
Public Charter PK-5
0.6 mi
•6405 S Interstate 35
2
Langford Elementary School
Public District EE-5
0.7 mi
•2206 Blue Meadow Dr
5
Pleasant Hill Elementary School
Public District EE-5
0.8 mi
•6405 Circle S Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,884. Most Austin, TX residents have annual incomes less than $<35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
About 700 Corral Ln
This home is located at 700 Corral Ln in Austin, TX and zip code 78745 in the Circle S Ridge neighborhood. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since January 8, 2025 and is currently priced at $1,800,000.
Over 68 listings were sold over their listed price in December 2024 in Austin, TX. In the same period over 510 listings were sold below the listed price and 88 listings were sold for the listed price. The inventory of homes for sale in Austin, TX between November and December 2024 decreased by 5.2%. In December 2024 median list price was $571,744 and the average listing age was 71 days.