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4617 Richmond Ave
Austin, TX, 78745
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$500,000
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Investor/Developer Opportunity in 78745 – Prime South Austin Location!
Unlock the potential of this nearly QUARTER ACRE lot nestled in the highly desirable Greenwood Forest neighborhood off South Menchaca. Located on a quiet, tree-lined street surrounded by mature oaks and established homes, this property offers the rare combination of privacy and proximity to everything Austin has to offer.
The existing 1960s single-story home features 3 bedrooms, 1 bath, and a one-car garage, with a striking stone facade. The home itself is either a tear down or would require an extensive remodel. Whether you're looking to tear down or a full remodel/redevelopment, the flat, spacious lot offers multiple possibilities for value-add or new construction.
Zoned SF-3 and located in a highly desirable central South Austin location seeing strong growth and redevelopment, this is an ideal canvas for investors or builders looking to capitalize on consistent demand in Austin’s popular 78745. Ample lot depth and a wide footprint provide flexibility for larger modern builds, duplexes, or high-end remodels (buyer to verify zoning/development potential).
Enjoy quick access to S. Menchaca, Ben White/290, and all the best of South Austin – just minutes from Radio Coffee, Central Market, Wheatsville, S. Lamar, and Downtown. This is your chance to invest in this coveted pocket of Austin.
Don’t miss this prime opportunity – take a tour today!
Property Type
Residential
Year Built
1964
Lot Size
0.23 acres
$/Sq Ft
$525
Garage
1 spaces
Listed by Compass RE Texas, LLC
Property Details
Features
Appliances
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Verified property facts
4617 Richmond Ave is listed at $500,000 with 3 bedrooms, 1 full bathrooms, 952 square feet, 0.23-acre lot. This places it above the ZIP 78745 single-family closed-sale median price of $475,000 (ZIP 78745 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 5, 2026).
4617 Richmond Ave is zoned for Austin ISD with assigned schools: Joslin (6/10) (elementary), Covington (2/10) (middle), Crockett (high). School assignments should be verified directly with the district.
4617 Richmond Ave is a Residential built in 1964 featuring 3 bedrooms, 1 full bathrooms, 952 square feet, 0.23-acre lot.
4617 Richmond Ave is listed by Compass RE Texas, LLC. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Apr 25, 2026.
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1 record on file
Every recorded listing, sale, and lease at 4617 Richmond Ave, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline 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 |
|---|---|---|---|---|
2025-20.2% | — | $463,559 | — | — |
2024-3.2% | — | $580,724 | $412,500 | $75,779 |
2023+49.2% | — | $599,951 | $412,500 | $168,224 |
2022 | — | $402,134 | $412,500 | $187,451 |
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% ($100K)
Adjustable assumption - not a lending recommendation.
$500,000
Luxury property intelligence
A sourced read on Greenwood Forest Sec 02 pricing, timing, and property scale. No automated valuation claim.
List price
$500,000
Price per sqft
$525/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
No verified reduction
$500K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 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
The most recent annual property tax for 4617 Richmond Ave is $9,187. 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.
This page does not assume a mortgage rate or publish a monthly payment for 4617 Richmond Ave. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Apr 25, 2026, 4617 Richmond Ave is offered at $500,000. The current MLS snapshot shows 186 active listings in 78745. Keenan Group has completed 29 verified transactions in 78745 within its 1,000+ completed transactions and $1B+ career volume across Austin.
4617 Richmond Ave was built in 1964 (62 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
7 events on record
Current Price
$500,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-20.2% | — | $463,559 | — | — |
2024-3.2% | — | $580,724 | $412,500 | $75,779 |
2023+49.2% | — | $599,951 | $412,500 | $168,224 |
2022 | — | $402,134 | $412,500 | $187,451 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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