NOT LISTED FOR SALE

Estimated Value: $432,000 - $847,531

0.22 Acre
$2,767,413 Price per Acre
9,714 Sq Ft Lot

Last Sold December 31, 2021

Current estimated payment $3,805/month

175 Days on Market

Highlights

  • No HOA
  • Home to be built
  • Partially Fenced Property

About This Lot

As of December 2021

Approved City of Austin building permit in-hand, start construction today! Build THREE residential structures: Unit 1 is a 2,023 square foot detached home with 3 bedrooms, 2.5 bathrooms, 2-car attached garage. Unit 2 is a 1,100 detached home with 2 bedrooms, 2.5 bathrooms, 2-car attached garage. The third structure is a 341 square foot casita/studio space that has a full bathroom. This area is hot hot with sales exceeding expectations with very low days-on-market. Sale includes building permits and all relevant architectural, structural, and civil tap engineering.

Last Agent to Sell the Property

Roberto Varela

Vistas Real Estate License #0616766 Listed on: 05/24/2021

Last Buyer's Agent

Hansraj Dudam

Ramendu Realty LLC License #0767014

Ramendu Realty LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,446

Lot Details

  • 9,714 Sq Ft Lot
  • Lot Dimensions are 71x136
  • Partially Fenced Property
  • Few Trees
  • Zoning described as MF-3 (Multi-family 3) - To be verified by buyer.

Home Design

  • Home to be built

Schools

  • Harris Elementary School
  • Webb Middle School
  • Reagan High School

Community Details

  • No Home Owners Association
  • Wheless 1600 Subdivision
  • The community has rules related to deed restrictions, zoning restrictions

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 1
  • Assessor Parcel Number 02261704190000
  • 2% Total Tax Rate

Property Details

Property Type

Land

Est. Annual Taxes

$7,446

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Single Lot
  • Restrictions: Deed Restrictions, Zoning
  • Additional Parcels: No
  • Architect Approved: Yes
  • Builder Restricted: No
  • Commercial: No
  • Directions: Just west of Berkman Drive on the north side of Wheless Lane.
  • Disclosures: Owner/Agent
  • Estimated Taxes: 4453.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: Partial
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Mineral: None
  • Other Structures: None
  • Road Surface Type: Curb/Gutter, PVD
  • Special Listing Conditions: Real Estate Owned
  • Title: Buyer
  • Special Features: 20

Interior Features

  • View: None
  • Property Condition: To Be Built

Exterior Features

  • Exterior Features: None
  • Waterfront Features: None
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • School District: Austin ISD
  • Elementary School: Harris
  • High School: Reagan
  • Middle/Junior School: Webb

Lot Info

  • Endangered Species: Unknown
  • Lot Features: Few Trees, Public Maintained Road
  • Lot Size: 71x136
  • Type of Home Allowed: Site Built
  • Parcel Number: 02261704190000
  • Lot Size Acres: 0.2230
  • Lot Size Sq Ft: 9713.88
  • Subdivision Name: Wheless 1600
  • Surface Water: No
  • Zoning Description: MF-3 (Multi-family 3) - To be verified by buyer.

Building Info

  • New Construction: No

Tax Info

  • Tax Lot: 1
  • Tax Rate: 2.22667000000000
  • Tax Year: 2021
  • Tax Annual Amount: 7446.00
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2021
Closed on
Dec 23, 2021
Sold by
1600 Wheless Lane 78723 An Individual Se
Bought by
Rely Investments Real Estate Wheels Llc
Seller's Agent
Roberto Varela
Vistas Real Estate
Buyer's Agent
Hansraj Dudam
Ramendu Realty LLC
List Price
$549,900
Current Estimated Value
$617,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.43%

Purchase Details

Closed on
Feb 5, 2020
Sold by
Gregg Konnie G and Gregg Konnie Ulrike
Bought by
78723 1600 Wheless Lane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 24, 2002
Sold by
Gregg Sybil N
Bought by
Gregg Mark V and Gregg Konnie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rely Investments Real Estate Wheels Llc -- Independence Title
78723 1600 Wheless Lane -- Independence Title
Gregg Mark V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 78723 1600 Wheless Lane $292,500
Previous Owner Gregg Mark V $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2021 12/31/21 Sold -- -- --
11/15/2021 11/15/21 Pending -- -- --
07/20/2021 07/20/21 Price Changed $479,900 -4.0% $296 / Sq Ft
06/22/2021 06/22/21 Price Changed $499,900 -9.1% $309 / Sq Ft
05/24/2021 05/24/21 For Sale $549,900 -- $339 / Sq Ft
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 $6,936 $261,414 $261,414 --
2023 $5,952 $329,000 $329,000 $0
2022 $6,912 $350,006 $350,000 $6
2021 $4,353 $200,000 $200,000 $0
2020 $7,172 $334,395 $200,000 $134,395
2018 $7,346 $331,791 $200,000 $131,791
2017 $5,944 $266,542 $175,000 $91,542
2016 $5,944 $266,542 $175,000 $91,542
2015 $4,461 $247,492 $100,000 $147,492
2014 $4,461 $187,466 $100,000 $87,466
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4569086

Unlock MLS (Austin Board of REALTORS®)

APN: 226778