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$465,000
last listed4509 Merle Dr, Austin, TX 78745
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3 bed, 1 bath, 1,164 sqft on 0.28 acres in Austin. Austin, TX 78745. Last listed at $465,000, sold March 11, 2026. Austin ISD.
About This Home
One property. Endless potential. Unlock a rare opportunity in a prime South Austin location! 4509 Merle Street pairs an extensively renovated cottage with rare development and income potential. Set on a generous 0.28-acre lot, this property offers endless possibilities for a range of buyers - homeowners, investors, and developers alike. Live, build, or invest! First-time buyer? Own a charming, move-in-ready home under $500K just four miles from South Congress. Multi-generational living? The cleared rear portion of the lot offers potential for up to two additional dwelling units (ADUs), creating a private family compound. Investor or developer? Add ADUs for three income streams or condoize and sell multiple homes separately. The cottage: Built in 1953, this 1,164-square-foot, 3-bedroom, 1-bath home blends timeless character with modern upgrades. Original hardwood floors, curved archways, and a cozy banquette set the tone, while over $80,000 in improvements deliver peace of mind—updated plumbing, siding, windows, insulation, HVAC, water heater, front porch, and more (detailed list available). The bathroom was fully gutted, expanded and rebuilt in 2025, featuring custom tile, a natural wood vanity, marble countertops, and sleek matte black fixtures for a spa-like feel. The location: Tucked away on a quiet, tree-lined street, yet just minutes to South Congress, South Lamar, downtown, Central Market, and the airport. Opportunities like this don’t come around often in South Austin. Come see why this jewel is the perfect place to live, build, or invest! Check out the website for floorplan and survey - https://www.4509merle.com
- Property Type
- Residential
- Year Built
- 1953
- Lot Size
- 0.28 acres
- Price / Sq Ft
- $399
Listing information last updated March 11, 2026.
Listed by Keller Williams Realty
MLS# 4475028 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Interior
- Primary Bedroom on Main
- Free-Standing Range
- Stainless Steel Appliance(s)
- Tile
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Masonry – Partial
- Fenced
- Wood
- Pillar
- Post
- Pier
- Roof
- Composition
- Lot Size
- 0.28 Acres
- Garage Faces Front
Financial
- Original List Price
- $465,000
- Price per Sq Ft
- $399
Utilities
- Electricity Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 4509 Merle DR, whoever represented it.
- SoldMarch 11, 2026Listed at: $465,000MLS 4475028
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
Listing timeline with current price, original ask, and market time.
- Current list
- $465,000
- Original list
- $465,000
- Price movement
- No verified reduction
- Listed / DOM
- Jan 23, 2026
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $438,994
- Assessment Year
- 2025
- Year Built
- 1953
- Parcel ID
- 000000509281
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-22.5% | — | $438,994 | — | — |
2024-3.0% | — | $566,536 | $450,000 | $22,475 |
2023+32.2% | — | $584,260 | $450,000 | $116,536 |
2022 | — | $441,900 | $450,000 | $134,260 |
Virtual Tour
Zoned Schools
Crockett
Covington
Joslin
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% ($93K)
Adjustable assumption - not a lending recommendation.
$465,000
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Keenan Market Position
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List price
$465,000
Price per sqft
$399/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$465K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 5, 2026.
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