2502 Colby Cove Austin, TX 78723
University Hills Neighborhood
4
Beds
3
Baths
2,459
Sq Ft
0.42
Acres
Highlights
- 0.42 Acre Lot
- No HOA
- 2 Car Attached Garage
- Creek or Stream View
- Multiple Living Areas
- Built-In Features
About This Home
As of March 2025As-is sale on a giant lot in University Hills! Investor/developer special-- tons of opportunity and options for upcycling this property! Unique property with a single family home + an apartment built onto the back of it with its own kitchen, bath, living, bedroom, walk-in closet, HVAC, electric meter, etc. Fix & flip for generational living, a built in STR opportunity, or potentially put the property into a condo association & flip into two units for resale. OR teardown to rebuild in one of East Austin's most iconic neighborhoods. There could be potential to add a third dwelling unit, but buyer to verify. This home is in an estate--the executor has no knowledge of property condition other than what is visible. Shed does not convey.
Last Agent to Sell the Property
RE/MAX Fine Properties Brokerage Phone: (512) 764-3667 License #0613027 Listed on: 05/02/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,390
Year Built
- Built in 1964
Lot Details
- 0.42 Acre Lot
- North Facing Home
- Few Trees
- Back Yard Fenced and Front Yard
- Property is in below average condition
Parking
- 2 Car Attached Garage
- Front Facing Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,459 Sq Ft Home
- 1-Story Property
- Built-In Features
- Bookcases
- Bar
- Ceiling Fan
- Family Room with Fireplace
- Multiple Living Areas
- Creek or Stream Views
- Fire and Smoke Detector
- Washer Hookup
Kitchen
- <<microwave>>
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 3 Full Bathrooms
Schools
- Andrews Elementary School
- Pearce Middle School
- Lyndon B Johnson High School
Additional Features
- No Interior Steps
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- University Hills West Subdivision
Listing and Financial Details
- Assessor Parcel Number 02262302090000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2024
Closed on
Nov 8, 2024
Sold by
Aspyn Everleigh Nye Trust and Gullikson Loren
Bought by
Ivco Llc
Seller's Agent
Hope Teel
RE/MAX Fine Properties
Buyer's Agent
Nicole Huisman
eXp Realty, LLC
List Price
$430,000
Sold Price
$415,000
Premium/Discount to List
-$15,000
-3.49%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,736
Avg. Annual Appreciation
138.84%
Original Mortgage
$540,000
Outstanding Balance
$228,986
Interest Rate
6.08%
Mortgage Type
Construction
Estimated Equity
$527,750
Purchase Details
Closed on
Aug 21, 2024
Sold by
Nye Charles Albert and Mullen Mary Nye
Bought by
Aspyn Everleigh Nye Trust and Mullen
Similar Homes in Austin, TX
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $540,000 | Construction | |
| Closed | $540,000 | Construction | |
| Previous Owner | $89,050 | Stand Alone First | |
| Previous Owner | $75,190 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2025 03/19/25 | Sold | -- | -- | -- |
| 02/17/2025 02/17/25 | Pending | -- | -- | -- |
| 02/12/2025 02/12/25 | For Sale | $849,999 | +97.7% | $332 / Sq Ft |
| 11/08/2024 11/08/24 | Sold | -- | -- | -- |
| 10/01/2024 10/01/24 | Price Changed | $430,000 | 0.0% | $175 / Sq Ft |
| 10/01/2024 10/01/24 | For Sale | $430,000 | -7.5% | $175 / Sq Ft |
| 08/27/2024 08/27/24 | Pending | -- | -- | -- |
| 08/26/2024 08/26/24 | For Sale | $465,000 | 0.0% | $189 / Sq Ft |
| 05/09/2024 05/09/24 | Off Market | -- | -- | -- |
| 05/09/2024 05/09/24 | Pending | -- | -- | -- |
| 05/02/2024 05/02/24 | For Sale | $465,000 | -- | $189 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Tax History Compared to Growth
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 | $2,131 | $408,456 | $0 | $0 |
| 2022 | $7,333 | $371,324 | $0 | $0 |
| 2021 | $7,348 | $337,567 | $201,250 | $289,763 |
| 2020 | $6,582 | $306,879 | $201,250 | $118,950 |
| 2018 | $5,615 | $253,619 | $191,188 | $123,425 |
| 2017 | $5,142 | $230,563 | $131,100 | $164,482 |
| 2016 | $4,674 | $209,603 | $76,475 | $214,914 |
| 2015 | $2,344 | $190,548 | $66,500 | $124,048 |
| 2014 | $2,344 | $185,660 | $66,500 | $119,160 |
Source: Public Records
Agents Affiliated with this Home
-
Nicole Huisman
Seller's Agent in 2025
Nicole Huisman
eXp Realty, LLC
(512) 766-2832
2 in this area
16 Total Sales
-
Skylar Colley
S
Buyer's Agent in 2025
Skylar Colley
Orchard Brokerage
(512) 607-9391
1 in this area
32 Total Sales
-
Hope Teel
Seller's Agent in 2024
Hope Teel
RE/MAX
(903) 641-3154
1 in this area
77 Total Sales
Map
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 8080592
APN: 226893
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