3 bed, 2 bath, 1,161 sqft on 0.16 acres in Oakmont Heights. Austin, TX 78731. $699,495. Austin ISD.
About This Home
Amazing opportunity in a prime Central Austin location directly across from The Grove. This large, flat lot with rear alley access is ideal for a new custom home or a complete renovation. The property is being sold as-is, with the value primarily in the land. There are two structures on the property: a 2-bedroom, 1-bath main house and a nice efficiency unit at the rear. Both structures are solid but require a complete renovation. The property previously generated $3,350 per month in rental income in its current condition; however, the former tenants left it in poor condition. The highest and best use may be a teardown for new construction, although buyers looking for a major renovation project will also appreciate the property's potential. Its exceptional location directly across from The Grove places shopping, dining, parks, and entertainment just steps away, making this a rare redevelopment opportunity in one of Central Austin's most desirable areas.
- Property Type
- Residential
- Year Built
- 1950
- Lot Size
- 0.16 acres
- Price / Sq Ft
- $602
Listing information last updated October 12, 2026.
Listed by Keller Williams Realty
MLS# 9336827 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Gas Range
- Free-Standing Range
- Refrigerator
- Water Heater
- Concrete
- Laminate
- Wood
- Heating
- Central,Natural Gas
- Cooling
- Ceiling Fan(s),Central Air
Exterior & Lot
- Private Yard
- Brick Veneer
- Masonry – All Sides
- Level
- Trees-Large (Over 40 Ft)
- Many Trees
- Chain Link
- Fenced
- Slab
- Roof
- Composition
- Lot Size
- 0.16 Acres
- Assigned
- Gravel
- Off Street
- Reserved
Financial
- Original List Price
- $835,000
- Price per Sq Ft
- $602
Utilities
- Electricity Available
- Natural Gas Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 1807 W 38th ST, whoever represented it.
- ActiveListed 2026Current price: $699,495Original list: $835,000MLS 9336827
- Listed · August 7, 2026$835,000
- Price changed · August 22, 2026$750,000
- Price changed · October 12, 2026$699,495
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $699,495
- Original list
- $835,000
- Price movement
- $135.5K reduction
- Listed / DOM
- Aug 7, 2026 · 69 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $707,311
- Assessment Year
- 2025
- Year Built
- 1950
- Parcel ID
- 000000121403
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-1.5% | — | $707,311 | $564,956 | $142,355 |
2024-5.7% | — | $717,999 | $550,000 | $181,613 |
2023+38.0% | — | $761,306 | $550,000 | $167,999 |
2022+6.4% | — | $551,630 | $550,000 | $211,306 |
2021 | — | $518,654 | $425,000 | $126,630 |
Zoned Schools
Austin
O Henry
Bryker Woods
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($140K)
Adjustable assumption - not a lending recommendation.
$699,495
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Keenan Market Position
A sourced read on Oakmont Heights pricing, timing, and property scale. No automated valuation claim.
List price
$699,495
Price per sqft
$602/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
69 days
Original to current
$135.5K reduction
$835K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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