#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Prime opportunity in the sought-after Riverside area, where this lot can have MULTIPLE STRUCTURES on it. it is just 8 minutes from the airport and under 15 minutes to Downtown Austin, hike and bike trails, and walking distance to IDEA Charter campus, and a Public Elementary School. Surrounded by East Austin’s vibrant eateries, with a mini-Domain area, a new 65,000 s.f. music venue, and approved light rail. The property is sold AS-IS, offering a full rehab and possible multifamily structure opportunity. Please note, the HOME IS INACCESSIBLE due to current property conditions. Lockbox is UNAVAILABLE, and buyers are advised to view through windows only. Buyers are strongly encouraged to conduct due diligence. While the existing structure needs significant repairs, the lot’s location ensures easy access to major highways and city amenities. This distressed property has DO NOT ENTER signs posted on the house. No Realtor FOR SALE SIGNS on property.
Ideal for investors looking to redevelop in one of Austin’s fastest-growing neighborhoods. Don’t miss this chance to capitalize on a rare opportunity in a booming area.
Property Type
Residential
Year Built
1947
Lot Size
0.16 acres
$/Sq Ft
$191
Listed by Keller Williams Realty
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
1400 Vargas RD is listed at $169,000 with 3 bedrooms, 1 full bathrooms, 884 square feet, 0.16-acre lot.
1400 Vargas RD is zoned for Austin ISD with assigned schools: Allison (4/10) (elementary), Martin (2/10) (middle), Eastside Early College (4/10) (high). School assignments should be verified directly with the district.
1400 Vargas RD is a Residential built in 1947 featuring 3 bedrooms, 1 full bathrooms, 884 square feet, 0.16-acre lot.
1400 Vargas RD is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 1400 Vargas RD is $4,648. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
1 record on file
Every recorded sale and lease at 1400 Vargas RD, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price Change with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-41.1% | — | $227,101 | — | — |
2024+0.0% | — | $385,589 | $250,000 | $97,514 |
2023+83.2% | — | $385,589 | $300,000 | $85,589 |
2022+21.9% | — | $210,492 | $300,000 | $85,589 |
2021 | — | $172,664 | $100,000 | $110,492 |
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($34K)
$169,000
Luxury property intelligence
A sourced read on Chernosky 15 pricing, timing, and property scale. No automated valuation claim.
List price
$169,000
Price per sqft
$191/sqft
Vs. Chernosky 15 median
Not available
Days on market
130 days
Original to current
$80K reduction
$249K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 16, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
District guide, nearby schools, and homes by attendance area
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($33,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1400 Vargas RD is around $1,264 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $169,000, 1400 Vargas RD is in the Chernosky 15 market where there are currently 39 active listings in 78741. The Keenan Group has completed 5 transactions in 78741 as part of 1,000+ career sales totaling $1B+ across Austin.
1400 Vargas RD was built in 1947 (79 years ago). Buyers should budget for potential updates to major systems.
1400 Vargas RD includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
9 events on record
Current Price
$169,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-41.1% | — | $227,101 | — | — |
2024+0.0% | — | $385,589 | $250,000 | $97,514 |
2023+83.2% | — | $385,589 | $300,000 | $85,589 |
2022+21.9% | — | $210,492 | $300,000 | $85,589 |
2021 | — | $172,664 | $100,000 | $110,492 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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