Seller's Agent in 2025
Tony Lazarov
Resavvy LLC
(979) 716-9754
5 in this area
57 Total Sales
Last list price
607 Bellevue Place Austin, TX 78705
Hancock Neighborhood
6
Beds
2
Baths
2,071
Sq Ft
7,100
Sq Ft
Highlights
- 0.16 Acre Lot
- Wooded Lot
- Neighborhood Views
- Russell Lee Elementary School Rated A-
- No HOA
- 2-minute walk to Eastwoods Neighborhood Park
About This Home
As of April 2025Now is a great time to elevate your investment portfolio with 607 Bellevue Place, a duplex strategically located in Austin's Hancock neighborhood, directly next to the University of Texas. Perfectly positioned for investors with both Unit A and Unit B generating $2,800 per month each, yielding a total of $5,600 monthly rental income. After accounting for a 30% expense ratio, the net operating income (NOI) is approximately $3,920 per month or $47,040 annually.
The value of 607 Bellevue as an investment is unparalleled due to its proximity to UT, ensuring perpetual demand. This property is already leased through July of 2026, with the current rental prices reflecting this commitment. With projections of rental increases between 5-10% dependent on school enrollment trends, the investment potential here is not just in current income but in future value appreciation.
This is your sign to learn about why student housing investing is one of the most predictable returns you will find in the industry.
Last Agent to Sell the Property
Resavvy LLC Brokerage Phone: (512) 762-8669 License #0459968 Listed on: 01/30/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 7,100 Sq Ft Lot
- West Facing Home
- Back Yard Fenced
- Level Lot
- Wooded Lot
- Property is in average condition
Parking
- Carport
Home Design
- Duplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 2,071 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Blinds
- Window Screens
- Family Room
- Neighborhood Views
- Attic Fan
- Fire and Smoke Detector
- Washer and Dryer Hookup
Kitchen
- Eat-In Kitchen
- Free-Standing Gas Range
- Microwave
- Laminate Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Outdoor Storage
Schools
- Lee Elementary School
- Kealing Middle School
- Mccallum High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- ENERGY STAR Qualified Water Heater
Listing and Financial Details
- Assessor Parcel Number 02150510090000
Community Details
Overview
- No Home Owners Association
- College Court Subdivision
Pet Policy
- Pets allowed on a case-by-case basis
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2025
Closed on
Apr 4, 2025
Sold by
Price Adam
Bought by
Naqvi Imran
Seller's Agent
Tony Lazarov
Resavvy LLC
Buyer's Agent
Wafeeq Alalawi
Compass RE Texas, LLC
List Price
$995,000
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.17%
Purchase Details
Listed on
Jul 23, 2021
Closed on
Sep 2, 2021
Sold by
Seminary Austin Presbyterian Theological
Bought by
Price Adam
Seller's Agent
Elizabeth Riley
eXp Realty, LLC
Buyer's Agent
Tony Lazarov
Respace LLC
List Price
$850,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.45%
Original Mortgage
$637,500
Interest Rate
2.7%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Warranty Deed | -- | Chicago Title | |
| Vendors Lien | -- | Texas National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $637,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/04/2025 04/04/25 | Sold | -- | -- | -- | |
| 01/30/2025 01/30/25 | For Sale | $995,000 | +17.1% | $480 / Sq Ft | |
| 09/02/2021 09/02/21 | Sold | -- | -- | -- | View Prior Sale |
| 07/27/2021 07/27/21 | Pending | -- | -- | -- | |
| 07/23/2021 07/23/21 | For Sale | $850,000 | -- | $410 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
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 | $14,097 | $688,861 | $543,867 | $144,994 |
| 2023 | $13,873 | $758,455 | $350,000 | $408,455 |
| 2022 | $16,787 | $850,000 | $350,000 | $500,000 |
| 2021 | $10,785 | $495,468 | $495,468 | $0 |
| 2020 | $10,627 | $495,468 | $495,468 | $0 |
| 2018 | $7,835 | $353,906 | $353,906 | $0 |
| 2017 | $7,893 | $353,906 | $353,906 | $0 |
| 2016 | $7,893 | $353,906 | $353,906 | $0 |
| 2015 | -- | $180,000 | $180,000 | $0 |
| 2014 | -- | $180,000 | $180,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Lazarov
-
Craig Kirby
C
Seller Co-Listing Agent in 2025
Craig Kirby
Respace LLC
(831) 901-4074
1 in this area
1 Total Sale
-
Wafeeq Alalawi
Buyer's Agent in 2025
Wafeeq Alalawi
Compass RE Texas, LLC
(512) 626-6488
1 in this area
103 Total Sales
-
Elizabeth Riley
Seller's Agent in 2021
Elizabeth Riley
eXp Realty, LLC
(512) 658-0045
3 in this area
135 Total Sales
-
Lee O'Neil
L
Seller Co-Listing Agent in 2021
Lee O'Neil
eXp Realty, LLC
(512) 423-7493
1 in this area
18 Total Sales
Map
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 7797584
APN: 208658
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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