$1,800,000
For Sale

700 Corral Lane

Austin, TX 78745
Browse 17 photos
Type:Purchase
Structure:Land
Zone:Residential

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 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.

  • Property Details
      • Lot DescriptionCity Lot, Level, Few Trees
    • Measurements
      • Acres2.01
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesElectricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionCircle S Ridge Sec 01
    • Location
      • Elementary SchoolPleasant Hill
      • School DistrictAustin ISD
      • Middle SchoolBedichek
      • High SchoolCrockett
      • CountyTravis
  • Financial Details
      • Original List Price$1,800,000
      • Taxes Annual$6,341
      • Days on Market (Cumulative)1
  • Other
      • MLS #5065495

Location

Ranch Roads RealtyReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00