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4 bed, 2 bath, 2,114 sqft on 0.25 acres in Northwest Hills. Austin, TX 78731. Last listed at $949,000, sold May 9, 2023. Austin ISD.
About This Home
A Rare Find in Northwest Hills--This well-maintained 4/2 home with hardwood floors and granite countertops throughout backs up to a peaceful and scenic greenbelt that has a spring-fed creek. Serene backyard is beautifully designed and has a new fence installed in 2022. The home has two spacious living areas and features a large fireplace and hearth and a handy wet bar in the family room. A heated/cooled two-car garage with a workshop area is a handyman’s dream, and home is wired with a power transfer switch that allows it to easily be powered by a generator in a power emergency. Large laundry room has ample cabinetry and a built-in pantry. Nestled into an established neighborhood with large, beautiful trees, the home is conveniently located to multiple shopping and dining areas, readily accessible to downtown, and within easy walking distance to highly rated elementary, middle school, and high school. This highly desirable residence will move quickly and is ready for immediate move-in or, for buyers who want to put their own stamp on the home, the property is well-suited for additional renovation or remodel. Lot size is more than a quarter acre in 78731!
Northwest Hills is a family neighborhood in 78731, built in the 1960s-80s on wooded half-acre lots between MoPac and Loop 360. Median home price $1.19M. Austin ISD schools — Doss Elementary and Murchison Middle rank among the district's best. 12 minutes to UT campus, 15 to downtown.
The housing stock is predominantly single-story ranch and split-level homes on lots averaging 0.3-0.5 acres with mature live oak and cedar canopy. Most original homes are 1,800-3,000 sq ft. A renovation wave has been updating kitchens and adding square footage without tearing down — the lot sizes accommodate additions well. Active listings typically number 15-25 at any given time.
Daily life revolves around the schools and the outdoors. Bull Creek for weekend wading, Mount Bonnell for sunset hikes (8 minutes from the neighborhood), Northwest District Park for soccer and the playground. Far West corridor handles weeknight dining — Saffron, 5280 Burger, Yamas. The Arboretum and Domain are 10 minutes north for shopping. HEB on Far West is the neighborhood grocery hub.
What makes Northwest Hills the family value play in Central Austin: Doss/Murchison school quality at roughly half the Eanes ISD price point, lot sizes that rival Westlake, and a 15-minute commute that beats the suburbs. The tradeoff is Austin ISD (good but not Eanes) and 1960s-80s housing stock that often needs updating.
School District: Austin ISD
View Northwest Hills neighborhood guide- Property Type
- Residential
- Year Built
- 1970
- Lot Size
- 0.25 acres
- Price / Sq Ft
- $449
- Garage
- 2 spaces
Listing information last updated May 22, 2023.
Listed by Compass RE Texas, LLC
MLS# 6514567 • 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
- Ceiling Fan(s)
- Granite Counters
- Multiple Dining Areas
- Multiple Living Areas
- No Interior Steps
- Pantry
- Primary Bedroom on Main
- Walk-In Closet(s)
- Wet Bar
- Dishwasher
- Disposal
- Electric Cooktop
- Microwave
- Double Oven
- Stainless Steel Appliance(s)
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Rain Gutters
- No Exterior Steps
- Private Yard
- Wood Siding
- Stone
- Greenbelt
- Back Yard
- Front Yard
- Landscaped
- Trees-Medium (20 Ft - 40 Ft)
- Back Yard
- Privacy
- Wood
- Slab
- Patio
- Roof
- Composition,Shingle
- Lot Size
- 0.25 Acres
- Attached
- Door-Multi
- Garage Faces Front
- Storage
- Workshop in Garage
- Garage Spaces
- 2
Financial
- Original List Price
- $949,000
- Price per Sq Ft
- $449
Utilities
- Electricity Connected
- Phone Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 7316 Running Rope, whoever represented it.
- SoldMay 9, 2023Listed at: $949,000MLS 6514567
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
- $949,000
- Original list
- $949,000
- Price movement
- No verified reduction
- Listed / DOM
- Apr 13, 2023
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $980,404
- Assessment Year
- 2025
- Year Built
- 1970
- Parcel ID
- 000000138394
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025+5.4% | — | $980,404 | — | — |
2024-25.0% | — | $930,500 | $650,000 | $280,500 |
2023+65.8% | — | $1,240,883 | $650,000 | $280,500 |
2022 | — | $748,474 | $650,000 | $590,883 |
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Zoned Schools
Anderson
Murchison
Doss
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% ($190K)
Adjustable assumption - not a lending recommendation.
$949,000
Luxury property intelligence
Keenan Market Position
A sourced read on Northwest Hills pricing, timing, and property scale. No automated valuation claim.
List price
$949,000
Price per sqft
$449/sqft
Vs. Neighborhood guide reference price
-18.9%
$1.2M · Northwest Hills neighborhood guide · reference price
Days on market
Not available
Original to current
No verified reduction
$949K original
Active inventory context
22 listings
Price Position in Northwest Hills
Listed 19% below the Northwest Hills neighborhood guide reference price. Northwest Hills neighborhood guide · reference price.
Source: MLS Grid / Unlock MLS and Keenan Group review as of Apr 25, 2026.
Request Private Market AnalysisConnect 7316 Running Rope to the Austin Market
Northwest Hills Neighborhood Guide
Lifestyle, schools, market context, and homes in Northwest Hills
Northwest Hills Homes for Sale
Active listings and buyer search context in Northwest Hills
78731 ZIP Guide
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Browse 78731 Homes for Sale
Active 78731 listings and Northwest Hills market context
Austin ISD Schools
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Austin Home Valuation
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