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501 Texas
Austin, TX, 78705
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$995,000
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5 bed, 4 bath, 3,115 sqft on 0.21 acres in Austin. Austin, TX 78705. Last listed at $995,000, sold September 21, 2023. Austin ISD.
MULTIPLE OFFERS - Best and Final 6p Sunday, Sept 10th. First time on the market after over 50 years in the same family! 2/1 back upstairs just refreshed with new: carpet, paint, blinds, light fixtures, bathroom sink/vanity, toilet, fun shower surround tile, kitchen countertop + backsplash, painted kitchen cabinets. Rare opportunity combining a premiere location with an incredible historic (built in 1922) front house and two garage apartments in the rear. Located in the Hancock neighborhood near UT with a .21/acre corner lot. Front home on the lot has gorgeous front porch, recent updates (both structural and cosmetic) and while currently separated out into two 1 bedroom |1 bath units with full kitchens and living rooms, it could easily be converted and restored to original single family home. Many options for this one besides returning the front house into a single family home: owner occupy one of the units, continue revenue generating with existing longer term tenants, determine future development / building opportunities, etc. Currently, the two Family Dwelling lot is used as fourplex and has been for a very long time. Electric is metered separately. Front house roofing work completed in 2018 - new roof decking, shingles, rebuild of rafter supports and replaced facia board and trim. Front house (501 Texas) cosmetic updates Unit A: tile walk-in shower, bathroom penny tile flooring, vanity, laminate flooring, updated tile wall in kitchen, tiled front porch, blinds For B Unit upstairs updates: tile shower surround, vanity, some laminate flooring. Be sure to visit matterport walk-through tour for virtual walk-through of all 4 units: https://www.chrissyhand.com/501texas Buyer to independently verify all information including but not limited to square footage, lot size, year built, zoning, building restrictions, taxes, schools, etc.
Listing information last updated September 22, 2023.
Listed by Coldwell Banker Realty
MLS# 1807870 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Verified property facts
501 Texas is zoned for Austin ISD with assigned schools: Lee (elementary), Kealing (middle), McCallum (high). School assignments should be verified directly with the district.
501 Texas is a Residential built in 1922 featuring 5 bedrooms, 4 full bathrooms, 3,115 square feet, 0.21-acre lot.
The most recent annual property tax for 501 Texas is $21,694. 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.
501 Texas was last listed at $995,000 and sold on September 21, 2023. The current MLS snapshot shows 13 active listings in 78705. Keenan Group has completed 3 verified transactions in 78705 within its 1,000+ completed transactions and $1B+ career volume across Austin.
501 Texas was built in 1922 (104 years ago). Buyers should budget for potential updates to major systems.
#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.
25+ years advising buyers and sellers in this community
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 |
|---|---|---|---|---|
2025-14.2% | — | $911,073 | $580,846 | $330,227 |
2024+13.8% | — | $1,062,191 | $825,000 | $175,192 |
2023+17.0% | — | $933,704 | $385,000 | $677,191 |
2022+438.0% | — | $797,800 | — | $374,326 |
2021 | — | $148,300 | — | $300,558 |
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% ($199K)
Adjustable assumption - not a lending recommendation.
$995,000
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List price
$995,000
Price per sqft
$319/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$505K reduction
$1.5M original
Active inventory context
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Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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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
$995,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-14.2% | — | $911,073 | $580,846 | $330,227 |
2024+13.8% | — | $1,062,191 | $825,000 | $175,192 |
2023+17.0% | — | $933,704 | $385,000 | $677,191 |
2022+438.0% | — | $797,800 | — | $374,326 |
2021 | — | $148,300 | — | $300,558 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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