505 Philco Dr

888 Sq. Ft.
$501 / Sq. Ft.
888
Sq. Ft.
$501
per Sq. Ft.

Description

Great investment opportunity in South Austin's historic S 1st St District. Seller is offering this property "As-Is" and the current state of the home allows for a few different value add opportunities for a new buyer. Located on a large corner lot, the options are plentiful to purchase as a rental, fix & flip with expansion of current footprint, or potentially even have it rezoned or subdivided to build a second unit or ADU. The roof was replaced roughly 6 years ago, and has plenty of life left....Great investment opportunity in South Austin's historic S 1st St District. Seller is offering this property "As-Is" and the current state of the home allows for a few different value add opportunities for a new buyer. Located on a large corner lot, the options are plentiful to purchase as a rental, fix & flip with expansion of current footprint, or potentially even have it rezoned or subdivided to build a second unit or ADU. The roof was replaced roughly 6 years ago, and has plenty of life left. All information included is believed to be true, but buyer/buyer's agent are responsible for conducting their own due diligence.

Property Details for 505 Philco Drive

Subdivision Name
Alamo Heights Sec 01
Waterfront
No
Waterfront Description
None
Water Access Description
Public
View
Neighborhood
Parcel Number
04120607030000
Tax Lot
3
Tax Block
B
LISTING UPDATED: 12/14/2023 01:52 PM

Property Details for 505 Philco Drive

StatusClosed
MLS #4904825
Days on Market45
Taxes$8,942 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1958
Lot Size0.25 AC / 10,837 SF
CountyTravis County
Add your commute

Building Information for 505 Philco Drive

Stories1Year Built1958Building Size-Lot Size0.25 AC / 10,837 SF

Payment Calculator

$2,914 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,169

Property Taxes

$745

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 505 Philco Drive

General Information
Parking
  • Garage Spaces: 0
  • Parking Total: 2
  • Parking Features: Attached Carport, Carport
  • Carport: Yes
  • Garage: No
  • Covered Spaces: 0
Interior
  • Interior Features: Eat In Kitchen, Main Level Master
  • Flooring: See Remarks
Exterior
  • Exterior Features: Private Yard, See Remarks
  • New Construction: No
  • Construction Materials: Wood Siding
  • Foundation Details: Pillar Post Pier
  • Patio And Porch Features: Covered, Side Porch
  • Roof: Composition, Shingle
  • Fencing: Chain Link, Privacy
  • Direction Faces: North
  • Window Features: DoublePaneWindows, WoodFrames
  • Accessibility Features: See Remarks
  • Community Features: Park
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: City Lot, See Remarks, Few Trees, Trees Medium Size
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air, Electric
  • Heating YN: Yes
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Room Information
Room 1
  • Room Type: Bathroom
  • Room Level: Main
  • Room Features: EnSuiteBathroom
Room 2
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: SeeRemarks
Room 3
  • Room Type: PrimaryBedroom
  • Room Level: Main
  • Room Features: SeeRemarks
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: $452,794
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.97%
Showing Information
Showing Information
  • Security Features: None
  • Directions: From Hwy 71 W/Hwy 290 W take the S First St/Banister Ln exit and turn South on S 1st St. Turn left on Philco Dr after roughly .7 miles and the house will be on the SE corner of Philco & South 1st St.

Property History for 505 Philco Drive

DateEvent & SourcePriceAppreciation
Dec 13, 2023

Sold

ACTRIS #4904825

Oct 31, 2023

Pending

ACTRIS #4904825

Oct 30, 2023

Pending

ACTRIS #4904825

$395,000
Sep 22, 2023

Listed (Active)

ACTRIS #4904825

$445,000
DateEvent & SourcePrice
12/13/2023

Sold

ACTRIS #4904825

10/31/2023

Pending

ACTRIS #4904825

10/30/2023

Pending

ACTRIS #4904825

$395,000
09/22/2023

Listed (Active)

ACTRIS #4904825

$445,000

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

Public Records for 505 Philco Drive

Taxable ValueLand$300,000Additions$559,703Total$859,703
Tax Record2024$7,568 ($631 / month)
Home Facts
Beds3Total Finished SqFt2,174 SqFtAbove Grade Finished SqFt2,174 SqFtStories3Lot Size10,838 SqFtStyleSingle Family ResidenceYear Built2024CountyTRAVISAPN04120607030000Fireplace TypeHas Fireplace

Schools near 505 Philco Drive

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 12
Rating
School
Distance
St. Elmo Elementary School
PublicPK to 5

Bedichek Middle School
Public6 to 8

Travis High School
Public9 to 12

Richards School For Young Women Leaders
Public6 to 12

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.

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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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC, Carson Haney, TREC #0755389; eXp Realty, LLC, Michael Weigand, TREC #0644001

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© 2026 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”. © [2026] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.