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This property has sold on August 12, 2021. Looking for something similar? Contact us or browse available homes.

505 E 40th ST

Austin, TX, 78751

Satellite view of 505 E 40th ST
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Off Marketas of Jun 2, 2026

This property is no longer actively listed. We can help you find similar homes currently for sale, notify you if this property relists, or explore off-market opportunities in the area.

$1,650,000

last listed

505 E 40th St, Austin, TX 78751

Austin•MLS# 2985206
5beds
4full2half
3,323sqft
Built1915

Why you're seeing this property: Unlike major portals that hide off-market listings, we maintain the most comprehensive Austin property database. View market history, neighborhood data, and discover similar homes currently for sale. #1 Austin Realtor Team 2024.

5 bed, 4 bath, 3,323 sqft on 0.22 acres in Austin. Austin, TX 78751. Last listed at $1,650,000, sold August 12, 2021. Austin ISD.

About This Home

Originally constructed in 1915, this central Austin property has been graciously expanded over the decades to include a large primary house plus detached guest casita. The main house boasts 4 bedrooms, 3.5 baths, a formal living room with built-in bookcases, an open kitchen and dining, and 2nd-story den with treetop views. Thoughtful floorplan ideal for modern living. Original Longleaf Pine floors combine with gorgeous Texas-made Saltillo floor tile. 10-foot ceilings throughout the downstairs of the main house. Original double-hung windows in the front of the house indicative of homes of this era mix with quality, modern, wood-clad double pane windows in the newer sections of the home. Custom-made period-style wood copper screens for main house. Relax on the generously sized sun porch made for lazy summer afternoons (sun porch is insulated, but not included in sq. footage). Recent roof shingle replacement on the main house and interior paint throughout including ceilings, trim, and walls (May 2021). The incredible detached 2016-built 1 bed/1.5 bath ADU features high ceilings, stained concrete & wood flooring, and slate gray GE appliances in the open kitchen. 2-car carport with alley access. Gorgeous .22 acre property with pecan and cumquat trees, mountain laurel, and a heritage Texas Live oak. One block to Hancock Golf Course. Three blocks to neighborhood eateries, shopping, and parks. Minutes from Dell Medical School, State Capitol, downtown, & UT. Truly an oasis in the heart of the city.

Property Type
Residential
Year Built
1915
Lot Size
0.22 acres
Price / Sq Ft
$497

Listing information last updated August 16, 2021.

Listed by Compass RE Texas, LLC

MLS# 2985206 • Closed

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Properties displayed may be listed or sold by various participants in the MLS.

Highlights

Generous 0.22-acre lot
High Ceilings
Quartz Counters
Interior Steps
Multiple Living Areas
Primary Bedroom on Main

Facts & Features

Interior

Features

  • High Ceilings
  • Quartz Counters
  • Interior Steps
  • Multiple Living Areas
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)

Appliances

  • Built-In Electric Range
  • Dishwasher
  • Disposal
  • Exhaust Fan
  • Refrigerator
  • Tankless Water Heater

Flooring

  • Concrete
  • Tile
  • Wood
Heating
Central,Natural Gas,Wall Furnace
Cooling
Central Air,Multi Units
Exterior & Lot

Features

  • Exterior Steps
  • Private Yard

Construction

  • Hardi
  • Plank Type
  • Stucco

Lot Features

  • Alley
  • Level
  • Trees-Heavy
  • Trees-Large (Over 40 Ft)
  • Trees-Medium (20 Ft - 40 Ft)

Fencing

  • Chain Link
  • Fenced
  • Wood

Foundation

  • Pillar
  • Post
  • Pier
  • Slab

Patio / Porch

  • Patio
Roof
Composition,Metal
Lot Size
0.22 Acres

Parking

  • Alley Access
  • Carport
Financial
Original List Price
$1,650,000
Price per Sq Ft
$497
Utilities
  • Above Ground
  • Electricity Available
  • Natural Gas Available
Water Source
Public
Sewer
Public Sewer

Transaction History

1 record on file

Every recorded listing, sale, and lease at 505 E 40th ST, whoever represented it.

  1. SoldAugust 12, 2021
    Listed at: $1,650,000MLS 2985206

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.

View Timeline
Current list
$1,650,000
Original list
$1,650,000
Price movement
No verified reduction
Listed / DOM
Jun 3, 2021

Tax Record

Public record data from county appraisal records. Market value can differ from assessed value.

Assessed Value
$960,563
Assessment Year
2025
Year Built
1915
Parcel ID
000000213220
$1.4M
$703K
$703,200
2021
$817,188
+16.2% from prev
2022
$1,409,220
+72.4% from prev
2023
$1,239,370
-12.1% from prev
2024
$960,563
-22.5% from prev
2025
YearTaxesTotal AssessmentLandAdditions
2025-22.5%
—$960,563$39,854$56,204
2024-12.1%
—$1,239,370$385,000$899,264
2023+72.4%
—$1,409,220$350,000$889,370
2022+16.2%
—$817,188$385,000$1,024,220
2021
—$703,200$357,500$459,688
5-Year Change36.6%

Virtual Tour

Virtual tour of 505 E 40th St
Map showing 505 E 40th ST
505 E 40th ST
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Zoned Schools

Austin ISD →

1 High School1 Middle School1 Elementary School

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.

Principal & interest
$9,139

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($330K)

Adjustable assumption - not a lending recommendation.

$1,650,000

Loan: $1.3M
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

A sourced read on Austin pricing, timing, and property scale. No automated valuation claim.

List price

$1,650,000

Price per sqft

$497/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

Not available

Original to current

No verified reduction

$1.7M original

Active inventory context

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Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 3, 2026.

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Verified property facts

Frequently Asked Questions

What school district is 505 E 40th St in?

505 E 40th St is zoned for Austin ISD with assigned schools: Lee (elementary), Kealing (middle), McCallum (high). School assignments should be verified directly with the district.

What are the property details for 505 E 40th St?

505 E 40th St is a Residential built in 1915 featuring 5 bedrooms, 4 full, 2 half bathrooms, 3,323 square feet, 0.22-acre lot.

What are the property taxes for 505 E 40th St?

The most recent annual property tax for 505 E 40th St is $12,981. 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.

How does 505 E 40th St compare with other homes in Austin?

505 E 40th St was last listed at $1,650,000 and sold on August 12, 2021. The current MLS snapshot shows 39 active listings in 78751. Keenan Group has completed 7 verified transactions in 78751 within its 1,000+ completed transactions and $1B+ career volume across Austin.

When was 505 E 40th St built?

505 E 40th St was built in 1915 (111 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.

Why Choose the #1 Austin Board Team for Austin

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#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

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Last updated: 6/2/2026, 11:30:07 PM

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