1406 Summit St Austin, TX 78741
East Riverside-Oltorf NeighborhoodEstimated payment $6,054/month
Total Views
27,955
6
Beds
4
Baths
2,292
Sq Ft
$414
Price per Sq Ft
Highlights
- Guest House
- Mature Trees
- Main Floor Primary Bedroom
- Downtown View
- Wood Flooring
- No HOA
About This Home
Charming Home with 2 Income-Generating ADUs, Just Minutes from Downtown Austin! Main house leased through 8/31/26.
This unique property combines a spacious main house with two income-generating accessory dwelling units (ADUs), located just minutes from downtown Austin and Lady Bird Lake. Whether you're looking to live in the main house and generate rental income or host guests, this property offers great flexibility and the opportunity to offset mortgage costs significantly.
Key Features:
-Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin. Walking distance to Lady Bird Lake and many restaurants.
-Main House (1,522 sq ft): A charming 4-bed, 2-bath home featuring a cozy dining room, covered porch, and plenty of natural light. Perfect for comfortable living. ($2950/monthly earnings)
-ADU #1 (385 sq ft): A stylish first-floor studio with its own entrance and a vibrant Austin-inspired mural. Ideal for guests or additional rental income. (~$1800/monthly earnings)
-ADU #2 (385 sq ft): A second-floor studio with a unique Willie Nelson mural, offering both charm and functionality. Great for short-term rentals or a private retreat. (~$1800/monthly earnings)
-High Income Potential: All three units are currently rentals, providing a steady stream of income.
-Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential.
Set on an 11,325 sq ft lot, this property offers the perfect balance of immediate comfort and future possibilities. Live in the main house while enjoying reliable rental income from the ADUs, or explore the potential for expansion in Austin's rapidly growing market.
Whether you're an owner-occupant or looking to maximize rental income, this property provides the best of both worlds. Don’t miss out—schedule a tour today and discover all the potential this property has to offer!
Listing Agent
JBGoodwin REALTORS WL Brokerage Phone: (512) 502-7601 License #0820605 Listed on: 05/31/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,561
Year Built
- Built in 1938
Lot Details
- 0.26 Acre Lot
- East Facing Home
- Wood Fence
- Mature Trees
- Wooded Lot
- Back Yard Fenced and Front Yard
Home Design
- Pillar, Post or Pier Foundation
- Slab Foundation
- Shingle Roof
- Wood Siding
- Masonry Siding
Interior Spaces
- 2,292 Sq Ft Home
- 2-Story Property
- Bookcases
- Ceiling Fan
- Dining Area
- Downtown Views
- Prewired Security
- Washer and Dryer
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Free-Standing Gas Range
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms | 5 Main Level Bedrooms
- Primary Bedroom on Main
- 4 Full Bathrooms
Parking
- 3 Parking Spaces
- Off-Street Parking
Schools
- Travis Hts Elementary School
- Lively Middle School
- Travis High School
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Phone Available
Additional Features
- Covered patio or porch
- Guest House
Community Details
- No Home Owners Association
- Elmhurst Subdivision
Listing and Financial Details
- Assessor Parcel Number 03030505050000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $10,819 | $860,510 | $472,500 | $388,010 |
| 2022 | $16,688 | $845,000 | $472,500 | $372,500 |
| 2021 | $12,240 | $562,309 | $262,500 | $299,809 |
| 2020 | $9,210 | $429,400 | $262,500 | $166,900 |
| 2018 | $8,146 | $367,954 | $262,500 | $105,454 |
| 2017 | $9,450 | $423,740 | $262,500 | $161,240 |
| 2016 | $9,857 | $442,000 | $157,500 | $284,500 |
| 2015 | $6,562 | $333,280 | $150,000 | $183,280 |
| 2014 | $6,562 | $275,735 | $150,000 | $125,735 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2025 05/31/25 | For Sale | $950,000 | +8.0% | $414 / Sq Ft |
| 12/10/2021 12/10/21 | Sold | -- | -- | -- |
| 10/27/2021 10/27/21 | Pending | -- | -- | -- |
| 10/12/2021 10/12/21 | Price Changed | $880,000 | -3.8% | $461 / Sq Ft |
| 09/12/2021 09/12/21 | For Sale | $915,000 | -- | $480 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | Independence Title | |
| Vendors Lien | -- | Chicago Title Insurance Co | |
| Vendors Lien | -- | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $131,600 | New Conventional | |
| Open | $212,250 | New Conventional | |
| Open | $548,250 | New Conventional | |
| Previous Owner | $400,000 | New Conventional | |
| Previous Owner | $315,000 | New Conventional | |
| Previous Owner | $216,690 | New Conventional | |
| Previous Owner | $220,500 | New Conventional | |
| Previous Owner | $136,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Austin, TX
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 6246192
APN: 284932
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