3 bed, 1 bath, 1,406 sqft on 0.48 acres in Austin. Austin, TX 78723. $599,000. Austin ISD.
About This Home
This almost half acre property is being marketed as a tear down. A new 4" sewer line from the house to the street has been installed in Aug/Sept 2025 for >$30,000 with full permits, which will save on development cost. According to the City of Austin's HOME initiative property code changes, 'small lot single-family residential use' allows for development on lots as small as 1800 ft. The highest and best use of this property might be to subdivide it into two 10,000SF+ lots and build multiple units on each lot, or build multiple units on the whole almost half acre property. There is no tree survey available, but most of the trees are on the periphery of the lot and the center part of the lot which would be the buildable area is clear and flat. There is a lot of new development in this area and it is very desirable due to proximity to Downtown as well as UT Austin.
- Property Type
- Residential
- Year Built
- 1947
- Lot Size
- 0.48 acres
- Price / Sq Ft
- $426
Listing information last updated June 17, 2026.
Listed by JPAR Austin
MLS# 7840056 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Tile
Exterior & Lot
- City Lot
- Few Trees
- Level
- Privacy
- Slab
- Roof
- Shingle
- Lot Size
- 0.48 Acres
- Gravel
- Kitchen Level
- Open
- Outside
Financial
- Original List Price
- $599,000
- Price per Sq Ft
- $426
Utilities
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Underground Utilities
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 2703 Wheless LN, whoever represented it.
- ActiveListed 2026Current price: $599,000Original list: $599,000MLS 7840056
- Listed · June 15, 2026$599,000
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
Listed with current price, original ask, and market time.
- Current list
- $599,000
- Original list
- $599,000
- Price movement
- No verified reduction
- Listed / DOM
- Jun 15, 2026 · 122 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $504,710
- Assessment Year
- 2025
- Year Built
- 1947
- Parcel ID
- 000000220877
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-4.4% | — | $504,710 | — | — |
2024-10.0% | — | $528,148 | $420,000 | $135,335 |
2023+51.2% | — | $586,739 | $420,000 | $108,148 |
2022 | — | $388,138 | $420,000 | $166,739 |
Zoned Schools
Northeast Early College
Lamar
Blanton
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% ($120K)
Adjustable assumption - not a lending recommendation.
$599,000
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Keenan Market Position
A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.
List price
$599,000
Price per sqft
$426/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
122 days
Original to current
No verified reduction
$599K 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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