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508 E 42nd ST
Austin, TX, 78751
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$940,000
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This is now an active pocket listing. Call agent if you have an interested buyer. Please do not call Owner. Do you love a covered front porch and a home with a history? Do you appreciate vintage wood floors, a phone nook, and a whole house fan? What about alley access and being able to walk to Julios or Quacks whenever you want? Do you dream of building a garage apartment someday? Then you should schedule an appointment to see this home today! "Welcome to 1937 Timeless Beauty, a charming home located on a serene and quiet tree-lined street just blocks away from the iconic Shipe Park in Hyde Park. Step into this well-appointed home and boasting one of the BEST front porches in the neighborhood, perfect for enjoying a morning coffee or an evening breeze. As you enter the home, you will immediately notice the original wood floors and stunning original tile in the bath, adding to the timeless beauty. Cozy up to the fireplace in the living room. Watch TV or set up home office in the oversized family room. Bake and create in the renovated kitchen. The bathroom has dual sinks and the original deep tub. The large and spacious rooms boast plenty of natural light streaming in from the abundance of windows, and Elfa closets provide ample storage space. High ceilings give the home a grand feel, while the fenced backyard offers a peaceful oasis complete with a Brazilian hardwood 15'x15' deck and mature landscaping. With alley access and a detached garage (used for storage) with electrical and concrete slab, this home is both convenient and functional. Highly sought-after Lee Elementary, Kealing MS, and McCallum HS. Located among homes priced at $1,300,000+, at the current price there is upside potential for sweat equity and investment for buyer to incorporate their own renovations and build equity. This home, in This location, This Neighborhood is A+! Please share the Cool Stuff about this home and other attachments with you clients.
Property Type
Residential
Year Built
1937
Lot Size
0.15 acres
$/Sq Ft
$625
Garage
2 spaces
Listed by Emerald Haven Realty
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
508 E 42nd ST is listed at $940,000 with 2 bedrooms, 1 full bathrooms, 1,504 square feet, 0.15-acre lot. This places it above the 78751 median of $722,500.
508 E 42nd ST is zoned for Austin ISD with assigned schools: Lee (10/10) (elementary), Kealing (10/10) (middle), McCallum (8/10) (high). School assignments should be verified directly with the district.
508 E 42nd ST is a Residential built in 1937 featuring 2 bedrooms, 1 full bathrooms, 1,504 square feet, 0.15-acre lot.
508 E 42nd ST is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 508 E 42nd ST is $10,804. 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
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 |
|---|---|---|---|---|
2025-17.0% | — | $669,592 | — | — |
2024+6.5% | — | $806,828 | $350,000 | $487,658 |
2023+41.9% | — | $757,926 | $350,000 | $456,828 |
2022+18.1% | — | $534,000 | $350,000 | $407,926 |
2021 | — | $452,100 | $325,000 | $209,000 |
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% ($188K)
$940,000
Luxury property intelligence
A sourced read on Ideal Place pricing, timing, and property scale. No automated valuation claim.
List price
$940,000
Price per sqft
$625/sqft
Vs. Ideal Place median
Not available
Days on market
1,139 days
Original to current
$35K reduction
$975K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($188,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 508 E 42nd ST is around $5,778 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $940,000, 508 E 42nd ST is in the Ideal Place market where there are currently 48 active listings in 78751. The Keenan Group has completed 8 transactions in 78751 as part of 1,000+ career sales totaling $1B+ across Austin.
508 E 42nd ST was built in 1937 (89 years ago). Buyers should budget for potential updates to major systems.
508 E 42nd ST includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
11 events on record
Current Price
$975,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-17.0% | — | $669,592 | — | — |
2024+6.5% | — | $806,828 | $350,000 | $487,658 |
2023+41.9% | — | $757,926 | $350,000 | $456,828 |
2022+18.1% | — | $534,000 | $350,000 | $407,926 |
2021 | — | $452,100 | $325,000 | $209,000 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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