700 & 604 CORRAL LANE, AUSTIN, TX 78745
Homes for sale in Austin.
Homes for sale in 78745.
700 & 604 Corral Lane
Austin, TX 78745
List Price$1,700,000
Listing #4828686
Lots / Land
Type
About This Property
Ideal HOME / HOME2 development site. 2.01+/- acre assemblage of two 1 ac city lots, ideal for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51,000 buildable sqft, or around $35/sqft land cost. Arborist indicates all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost is less than $60,000 per unit. One of both of the existing homes could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Other uses possible under SF2 to leverage improved access and traffic counts related to the ongoing TXDOT I-35 Capital Express South project with easy access from both directions and a 2023 daily traffic count of over 190,000. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information.
Property Features
Location Information
County
Travis
Subdivision
Circle S Ridge Sec 01
County
Travis
Directions
Due to I-35 construction, must access from west. Wllm Cannon to south on Circle S Rd, left on Corral, all the way to end, last two houses on left. No sign. Do not enter properties without making arrangements with agent.
Area
10S
Exterior Features
Is New Construction
No
Zoning
SF-2, HOME & HOME2 compat
Possession
Negotiable
Waterfront Description
None
Water / Sewer
Public Sewer
Has Waterfront
No
Water
Public
Has View
No
Topography
Level
View
None
Lot Size in Acres
2.01
School
Elementary School District
Austin ISD
Middle School
Bedichek
Elementary School
Pleasant Hill
High School
Crockett
Additional Information
Other Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
APN
04240702020000
Property Type
LL
Status
Active
Property SubType
Multiple Parcels
Similar Listings
Mortgage Calculator
$7,938
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$6,126
Monthly Tax
$1,416
Monthly Insurance
$396
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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