500 Capitol Dr Unit 1 Austin, TX 78753
Georgian Acres NeighborhoodEstimated payment $2,849/month
Total Views
3,007
4
Beds
3
Baths
1,136
Sq Ft
$440
Price per Sq Ft
Highlights
- Mature Trees
- Wood Frame Window
- Recessed Lighting
- Covered patio or porch
- Open to Family Room
- Storage Room
About This Home
Versatile, stylish, and income-producing — 500 Capitol Dr is a rare opportunity to own a beautifully remodeled property in one of the area's most established neighborhoods. Whether you're an investor looking to maximize rental income or a homeowner seeking help offsetting your mortgage, this residence delivers exceptional flexibility and long-term value.A standout feature of this home is its incredible income-producing potential: the main house includes an attached studio with a private entrance — ideal for short- or long-term rentals — plus a separate detached unit that creates a second revenue stream. This setup offers the perfect blend of owner-occupancy and passive income in a location that’s always in demand.Beyond its investment appeal, the home itself shines with thoughtful upgrades & quality finishes. A composition shingle roof & classic stone-and-siding exterior give it timeless curb appeal, while the neatly landscaped surroundings & two-car garage add everyday functionality.Step inside to discover luxury vinyl plank flooring, fresh neutral tones, and an open-concept layout that feels both bright and inviting. The designer kitchen features stainless steel appliances, quartz countertops, a subway tile backsplash, and sleek white cabinetry — perfect for entertaining or everyday comfort.Energy-efficient windows flood the home with natural light and frame views of the private, fenced backyard — a peaceful retreat complete with a covered patio, ideal for relaxing or hosting guests. Additional features include recessed lighting, ample storage, & smart home security for peace of mind.The property sits on a mature, well-maintained lot with a manicured lawn and towering trees, offering a charming backdrop for outdoor living. Ideally located near parks, top-rated schools, and local shopping, 500 Capitol Dr balances quiet residential living with convenient urban access. Information provided by seller & to be independently verified by the purchaser.
Listing Agent
eXp Realty, LLC Brokerage Phone: (512) 694-4777 License #0440823 Listed on: 05/02/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $980
Year Built
- Built in 1938
Lot Details
- South Facing Home
- Privacy Fence
- Wood Fence
- Level Lot
- Mature Trees
- Wooded Lot
HOA Fees
- $6 Monthly HOA Fees
Parking
- 3 Parking Spaces
Home Design
- Pillar, Post or Pier Foundation
- Slab Foundation
- Frame Construction
- Composition Roof
- Wood Siding
Interior Spaces
- 1,136 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Recessed Lighting
- Wood Frame Window
- Storage Room
- Fire and Smoke Detector
Kitchen
- Open to Family Room
- Gas Range
- Range Hood
- Dishwasher
Flooring
- Carpet
- Linoleum
- Tile
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 3 Full Bathrooms
- Walk-in Shower
Outdoor Features
- Covered patio or porch
Schools
- Barrington Elementary School
- Webb Middle School
- Navarro Early College High School
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Community Details
- Association fees include common area maintenance
- 500 Capitol Drive Condominium Association
- Georgian Acres Subdivision
Listing and Financial Details
- Assessor Parcel Number 02381801350000
- Tax Block M
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 | $5,903 | $381,535 | $302,500 | $79,035 |
| 2022 | $4,063 | $205,707 | $0 | $0 |
| 2021 | $4,071 | $187,006 | $137,500 | $85,403 |
| 2020 | $3,646 | $170,005 | $137,500 | $77,840 |
| 2018 | $3,111 | $140,500 | $137,500 | $68,523 |
| 2017 | $2,848 | $127,727 | $82,500 | $81,785 |
| 2016 | $2,590 | $116,115 | $66,000 | $78,469 |
| 2015 | $1,984 | $105,559 | $22,000 | $88,628 |
| 2014 | $1,984 | $95,963 | $22,000 | $73,963 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Price Changed | $1,895 | -17.4% | $3 / Sq Ft |
| 07/22/2025 07/22/25 | Price Changed | $2,295 | -0.2% | $4 / Sq Ft |
| 05/31/2025 05/31/25 | For Rent | $2,300 | 0.0% | -- |
| 05/02/2025 05/02/25 | For Sale | $500,000 | -- | $440 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Independence Title | |
| Special Warranty Deed | -- | -- | |
| Vendors Lien | -- | Austin Title Midtown | |
| Trustee Deed | $52,500 | None Available | |
| Vendors Lien | -- | Itc | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $310,000 | Construction | |
| Previous Owner | $90,212 | New Conventional | |
| Previous Owner | $108,000 | Purchase Money Mortgage | |
| Previous Owner | $61,235 | Fannie Mae Freddie Mac | |
| Previous Owner | $69,850 | Unknown | |
| Previous Owner | $67,433 | FHA |
Source: Public Records
Similar Homes in Austin, TX
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 2724689
APN: 242058
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