NOT LISTED FOR SALE

1507 Drake Ave Unit B Austin, TX 78704

SoCo Neighborhood

Estimated Value: $866,000

1 Bed
1 Bath
600 Sq Ft
$1,443/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • Furnished
  • No HOA
  • Main Floor Primary Bedroom
  • Quartz Countertops
  • Interior Lot

About This Home

As of February 2023

FULLY FURNISHED LEASE! 3-12 MONTHS! Camp SoCo! Unique opportunity to live on an artists compound only 2 blocks off of South Congress Avenue. 6 fully furnished bungalows sit on over 1/2 an acre with gorgeous 200+ year old Live Oaks. Each bungalow was built in 1939 and recently remodeled with new cabinets, countertops, lighting, closets, washers and dryers. All utilities including and lawn maintenance included. Google Fiber internet, all new high end furniture.

Last Agent to Rent the Property

Karen Kelly

van Heuven Properties License #0543850 Listed on: 01/22/2023

Last Renter's Agent

Karen Kelly

van Heuven Properties License #0543850 Listed on: 01/22/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,075

Year Built

  • Built in 1935

Lot Details

  • 10,454 Sq Ft Lot
  • West Facing Home
  • Fenced
  • Interior Lot
  • Level Lot

Parking

  • 1 Parking Space

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 600 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Drapes & Rods
  • Blinds
  • Fire and Smoke Detector

Kitchen

  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Travis Hts Elementary School
  • Travis Middle School
  • Travis High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Fairview Park Subdivision

Listing and Financial Details

  • Security Deposit $3,300
  • Tenant pays for cable TV
  • No Smoking Allowed
  • 1-Month Min and 12-Month Max Lease Term
  • Month-to-Month Lease Term
  • $75 Application Fee
  • Legal Lot and Block 1 / 12E
  • Assessor Parcel Number 03000109200000

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,075

Year Built

Built in 1935

Lot Details

0

Rental Info

  • App Deposit Payable To: Camp SoCo
  • App Fee Payable To: Van Heuven Properties
  • Application Fee: 75
  • Application Policy: Best Qualified Application
  • Application Required: TAR App
  • First Month Rent Payable To: Owner
  • Furnished: Furnished
  • Max Lease Months: 12
  • Max Numof Pets: 2
  • Min Lease Months: 1
  • Pet Deposit: 500
  • Security Deposit: 3300
  • Tenant Pays: Cable TV
  • Per Person: Yes
  • Per Pet: Yes
  • Pets Allowed: Dogs OK
  • Renters Insurance Required: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Unit Style: 1st Floor Entry
  • Year Built: 1935
  • Certified Funds: Yes
  • Direction Faces: West
  • Directions: From Congress AVE - drive East on Park LN ( street Amy's Ice Creams and Continental Club), Turn Right on Drake Ave.
  • Disclosures: Lead Base Paint Addendum
  • ETJ Extra Territorial Jurdn: Yes
  • FEMA Flood Plain: No
  • Fencing: Fenced
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Guest Accommodation Description: None
  • Housing Vouchers: No
  • Intermediary: Yes
  • Lease Term: Month To Month
  • Levels: One
  • Living Area: 600.00
  • Move In Special: No
  • On Site Compliance: No
  • Special Features: None

Interior Features

  • Interior Amenities: Counter-Quartz, Primary Bedroom on Main, Walk-In Closet(s)
  • Laundry Location: In Unit
  • View: None
  • Flooring: Tile, Wood
  • Management Company: Owner
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: None
  • Appliances: Disposal, Dryer, Refrigerator, Washer
  • Appliances Maintained: Dishwasher, Disposal, Refrigerator, Washer
  • Main Level Bedrooms: 1
  • Property Condition: See Remarks
  • Security Features: Smoke Detector(s)
  • Smoking Inside: No
  • Spa Features: None
  • Window Features: Blinds, Drapes

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: None
  • Roof: Composition
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: None
  • Pool Features: None
  • Private Pool: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: See Remarks
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Internet-Fiber, Natural Gas Available, Underground Utilities
  • Heating: Central
  • Meter Description: See Remarks
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • Managed By: Owner
  • Management Co Rep: Owner

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary School: Travis Hts
  • Middle School: Travis
  • High School: Travis
  • Elementary School: Travis Hts
  • High School: Travis
  • Middle/Junior School: Travis

Lot Info

  • Lot Features: Interior Lot, Level
  • Parcel Number: 03000109200000
  • Lot Size Acres: 0.2400
  • Lot Size Sq Ft: 10454.40
  • Subdivision Name: Fairview Park

Building Info

  • Construction Materials: Wood Siding, See Remarks
  • New Construction: No

Multi Family

  • Management Co Phone: (000) 000-0000
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 12E
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2006
Sold by
Scruggs T M
Bought by
Heinley Brandon J and Heinley Carrie F
Current Estimated Value
$866,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2003
Sold by
Choban Anthony M
Bought by
Scruggs T M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Heinley Brandon J -- Gracy Title Company
Scruggs T M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heinley Brandon J $212,700
Closed Heinley Brandon J $220,000
Previous Owner Scruggs T M $71,137
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2023 02/07/23 Rented $3,100 0.0% --
01/28/2023 01/28/23 Under Contract -- -- --
01/27/2023 01/27/23 Price Changed $3,100 -3.1% $5 / Sq Ft
01/23/2023 01/23/23 Price Changed $3,200 -3.0% $5 / Sq Ft
01/22/2023 01/22/23 For Rent $3,300 +69.2% --
05/15/2019 05/15/19 Rented $1,950 0.0% --
05/10/2019 05/10/19 Under Contract -- -- --
03/26/2019 03/26/19 Price Changed $1,950 -2.5% $4 / Sq Ft
03/19/2019 03/19/19 Price Changed $2,000 -4.8% $4 / Sq Ft
02/22/2019 02/22/19 For Rent $2,100 -- --
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

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 $19,075 $807,202 $602,394 $204,808
2023 $17,185 $949,850 $800,000 $149,850
2022 $19,865 $1,005,886 $800,000 $205,886
2021 $15,214 $698,939 $450,000 $248,939
2020 $13,246 $617,561 $450,000 $167,561
2018 $13,755 $621,287 $450,000 $171,287
2017 $12,069 $541,165 $400,000 $141,165
2016 $11,087 $497,138 $375,000 $122,138
2015 $9,633 $489,515 $350,000 $139,515
2014 $9,633 $404,787 $350,000 $54,787
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4681195

Unlock MLS (Austin Board of REALTORS®)

APN: 507680