2502 Colby Cove

Austin, TX 78723

$465,000
Price
4
Beds
3
Baths
2,459 Sq. Ft.
$189 / Sq. Ft.
2,459
Sq. Ft.
$189
per Sq. Ft.

Description

As-is sale on a giant lot in University Hills! Investor/developer special-- tons of opportunity and options for upcycling this property! Unique property with a single family home + an apartment built onto the back of it with its own kitchen, bath, living, bedroom, walk-in closet, HVAC, electric meter, etc. Fix & flip for generational living, a built in STR opportunity, or potentially put the property into a condo association & flip into two units for resale. OR teardown to rebuild in one of East...As-is sale on a giant lot in University Hills! Investor/developer special-- tons of opportunity and options for upcycling this property! Unique property with a single family home + an apartment built onto the back of it with its own kitchen, bath, living, bedroom, walk-in closet, HVAC, electric meter, etc. Fix & flip for generational living, a built in STR opportunity, or potentially put the property into a condo association & flip into two units for resale. OR teardown to rebuild in one of East Austin's most iconic neighborhoods. There could be potential to add a third dwelling unit, but buyer to verify. This home is in an estate--the executor has no knowledge of property condition other than what is visible. Shed does not convey.

Property Details for 2502 Colby Cove

Subdivision Name
University Hills West
Waterfront
No
Waterfront Description
None
Water Access Description
None
View
Creek/Stream
View YN
Yes
Parcel Number
02262302090000
Tax Lot
30

Location

Listing Courtesy of RE/MAX Fine Properties, Hope Teel, TREC #0613027
Add your commute
LISTING UPDATED: 05/13/2024 06:23 AM

Property Details for 2502 Colby Cove

StatusPending
MLS #8080592
Days on Market7
Taxes$7,390 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1964
Lot Size0.42 AC / 18,094 SF
CountyTravis County

Location

Listing Courtesy of RE/MAX Fine Properties, Hope Teel, TREC #0613027
Add your commute

Building Information for 2502 Colby Cove

Stories1Year Built1964Building Size-Lot Size0.42 AC / 18,094 SF

Payment Calculator

$3,154 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,538

Property Taxes

$616

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2502 Colby Cove

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 2
  • Parking Features: Attached, Garage Faces Front, Garage
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: Bookcases, Built-in Features, Ceiling Fan(s), Multiple Living Areas, Main Level Master, No Interior Steps
  • Flooring: See Remarks
  • Appliances: Dishwasher, Free-Standing Refrigerator, Disposal, Microwave
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Fireplace Features: Family Room
  • Laundry Features: Inside, Washer Hookup
  • Virtual Tour URL Branded: https://my.homediary.com/463374
  • Virtual Tour URL Unbranded: https://my.homediary.com/u/463374
  • Restrictions: No Restrictions
Exterior
  • Exterior Features: None
  • New Construction: No
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Patio And Porch Features: None
  • Roof: Composition, Shingle
  • Fencing: Back Yard
  • Direction Faces: North
  • Window Features: See Remarks
  • Accessibility Features: None
  • Community Features: None
Property Information
Lot Information
  • Lot Features: Back Yard, Front Yard, Few Trees
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public
Room Information
Room 1
  • Room Type: Primary Bathroom
  • Room Level: Main
  • Room Features: En Suite Bathroom
Room 2
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: Bar
Room 3
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Features: None
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $408,456
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.80%
Showing Information
Showing Information
  • Security Features: Smoke Detector(s)
  • Directions: I-35 TO 290 E, TAKE EXIT TO BERKMAN DR. TURN RT ONTO NORTHEAST DR. , TURN LEFT ONTO CREIGHTON LN, TAKE 1ST LEFT ONTO COLBY COVE

Property History for 2502 Colby Cove

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2502 Colby Cove

Taxable ValueLand$345,000Additions$198,275Total$543,275
Tax Record2022$3,049 ($254 / month)
Home Facts
Beds0Total Finished SqFt2,459 SqFtAbove Grade Finished SqFt2,459 SqFtStories1Lot Size18,095 SqFtStyleSingle Family ResidenceYear Built1964CountyTRAVISAPN0226230209Fireplace TypeHas Fireplace

Schools near 2502 Colby Cove

This home is within Austin Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Andrews Elementary School
PublicPK to 5

Webb Middle School
Public6 to 8

Lbj High School
Public9 to 12

Sadler Means Ywla
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Fine Properties, Hope Teel, TREC #0613027

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.