1407 Drake Ave Austin, TX 78704
SoCo NeighborhoodEstimated payment $7,072/month
Total Views
1,392
0.18
Acre
$6,228,766
Price per Acre
7,693
Sq Ft Lot
Highlights
- City View
- Park
- Level Lot
- No HOA
- High Speed Internet
About This Lot
The Fairview Portfolio – Core Travis Heights Investment - This unique opportunity consists of five contiguous properties located just east of South Congress Avenue in the highly sought-after Travis Heights neighborhood. The portfolio includes ten residential units—eight of which are currently leased—providing immediate income and value-add potential. Situated in an unbeatable location with walkable access to South Congress dining, retail, and nightlife, these properties are ideal for buy-and-hold investors or developers exploring multi-unit redevelopment options.
Listing Agent
Compass RE Texas, LLC Brokerage Phone: (512) 633-4650 License #0547022 Listed on: 06/24/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $13,085
Lot Details
- 7,693 Sq Ft Lot
- Level Lot
- 03000110060000, 03000110040000, 03000110030000, 03000110010000
Property Views
- City Views
Schools
- Travis Hts Elementary School
- Lively Middle School
- Travis High School
Utilities
- Natural Gas Connected
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 03000110050000
- Tax Block 11
Community Details
Overview
- No Home Owners Association
- Fairview Park Subdivision
Recreation
- Park
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 |
|---|---|---|---|---|
| 2025 | $14,856 | $612,700 | $612,699 | $1 |
| 2023 | $13,562 | $749,600 | $749,600 | $0 |
| 2022 | $16,714 | $846,317 | $800,000 | $46,317 |
| 2021 | $13,584 | $610,080 | $450,000 | $160,080 |
| 2020 | $11,460 | $534,300 | $450,000 | $84,300 |
| 2018 | $10,184 | $460,000 | $450,000 | $10,000 |
| 2017 | $10,013 | $449,000 | $400,000 | $49,000 |
| 2016 | $10,109 | $453,293 | $375,000 | $78,293 |
| 2015 | $9,017 | $416,775 | $350,000 | $66,775 |
| 2014 | $9,017 | $378,886 | $350,000 | $28,886 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | For Sale | $1,100,000 | -- | -- |
Source: Unlock MLS (Austin Board of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $86,552 | Unknown |
Source: Public Records
Similar Property in Austin, TX
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 2357807
APN: 282770
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