7503 Carriage Drive
$500,000, 3 Beds 2 Baths 1,110 Sqft .31 Acres 2 Garages
About This Property
Incredible opportunity in the heart of north central Austin in The Highland Neighborhood with convenient access to The Domain, Q2 Stadium, Mueller Community, The Triangle, The University of Texas, and only 6 miles from downtown. Multiple possibilities. The existing structure can be remodeled and expanded up to 4,357 square feet and include an ADU of up to 1,100 square feet. This .313-acre property is zoned SF-3 NP Family Residence. A recent feasibility analysis reports that the lot supports a duplex with up to 2,728 sq ft per side. The lot could be subdivided into Lot A (front lot) of 5,940 square feet and Lot B of 6,468 square feet. Lot A can reportedly support a main house of 1485 square feet and an ADU of 891 square feet. Lot B could support a main house of 1,617 square feet and an ADU of 970 square feet. Recent sales of new construction in this area of dwellings of 2500 sq ft support an average sales price of $429 per square foot projecting an estimated potential of $2,340,000 in finished construction with the duplex scenario. The subdivision development scenario supports 4963 square feet of completed new construction. Recent sales of smaller new construction dwellings demonstrate an average sale price of $463 per square foot for a projected $2,300,000. All estimates are projections and due diligence regarding feasibility and financial projections is the buyer's responsibility.
Essential Information
Community Information
Amenities
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior
Exterior
Lot Description
Cul-De-Sac, See Remarks, Trees Large Size
School Information
Listing Details
Property Listed by: eXp Realty, LLC
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 15th, 2024 at 5:00am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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