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 #9528461
3,881
Square Feet
Commercial
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
Style
Brick, Frame
Topography
Level
Is New Construction
No
Lot Size in Acres
2.01
Construction/Exterior
Brick, Frame
Zoning
SF-2, HOME & HOME2 compat
Possession
Negotiable
Buildings
2
Water / Sewer
Public Sewer
Has Waterfront
No
Water
Public
Has View
No
Parking Description
None
View
None
Additional Information
Other Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Year Built
1959
Property Type
COM
APN
04240702020000
Property SubType
Other
Status
Active
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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.
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