1406 Summit St
Austin, TX 78741
- 6 beds
- 4 baths
- 2,292 sqft
- 11,325 sqft lot
- $501 per sqft
- 1938 build
- – on site
Charming Home with 2 Income-Generating ADUs, Just Minutes from Downtown Austin! This unique property combines a spacious main house with two income-generating accessory dwelling units (ADUs), located just minutes from downtown Austin and Lady Bird Lake. Whether you're looking to live in the main house and generate rental income or host guests, this property offers great flexibility and the opportunity to offset mortgage costs significantly. Key Features: -Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin. Walking distance to Lady Bird Lake and many restaurants. -Main House (1,522 sq ft): A charming 4-bed, 2-bath home featuring a cozy dining room, covered porch, and plenty of natural light. Perfect for comfortable living. -ADU #1 (385 sq ft): A stylish first-floor studio with its own entrance and a vibrant Austin-inspired mural. Ideal for guests or additional rental income. -ADU #2 (385 sq ft): A second-floor studio with a unique Willie Nelson mural, offering both charm and functionality. Great for short-term rentals or a private retreat. -High Income Potential: All three units are currently short-term rentals with top ratings (4.8+), providing a steady stream of income. -Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential. Set on an 11,325 sq ft lot, this property offers the perfect balance of immediate comfort and future possibilities. Live in the main house while enjoying reliable rental income from the ADUs, or explore the potential for expansion in Austin's rapidly growing market. Whether you're an owner-occupant or looking to maximize rental income, this property provides the best of both worlds. Don’t miss out—schedule a tour today and discover all the potential this property has to offer!
Last checked:
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Checking…
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Last updated Nov 23, 2024
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MLS# 7968644 —
The Building
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Year Built:1938
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New Construction:false
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Levels:Two
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Unit Style:1st Floor Entry
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Foundation:Pillar/Post/Pier
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Roof:Shingle
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Exterior Features:None
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Window Features:None
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Patio And Porch Features:Covered
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Accessibility Features:None
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Direction Faces:East
Interior
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Interior Features:Eat-in Kitchen
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Living:1
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Dining:1
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Flooring:Tile
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Laundry Location:Laundry Room
Room Dimensions
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Living Area:2292
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Living Area Source:Public Records
Location
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Directions:From Riverside heading East from I35, take a right on Summit. Or exit I35 on Woodland, head east and left on Summit
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Latitude:30.243404
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Longitude:-97.734188
The Property
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Property Type:Residential
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Subtype:See Remarks
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Property Condition:Resale
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Parcel Number:03030505050000
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Lot Features:Back Yard
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Lot Size Acres:0.26
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Lot Size Area:0 Sqft
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Lot Size SqFt:11325.6
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SqFt Total:1908
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View:Downtown
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Waterfront:false
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Waterfront Features:None
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Horse:false
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Fencing:Back Yard
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Other Structures:Guest House
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FEMA Flood Plain:No
Listing Agent
- Contact info:
- Agent phone:
- (802) 233-1185
- Office phone:
- (512) 502-7601
Taxes
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Tax Annual Amount:9561
Beds
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Bedrooms Total:6
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Beds:1
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Main Level Bedrooms:5
Baths
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Total Baths:4
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Total Baths:4
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Full Baths:4
The Listing
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Special Listing Conditions:Standard
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Listing Terms:Cash
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Occupant Type:Tenant
Heating & Cooling
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Heating:Central
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Cooling:Central Air
Utilities
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Utilities:Electricity Connected
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Sewer:Public Sewer
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Water Source:Public
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Electric On Property:true
Appliances
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Appliances:Dishwasher
Schools
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Elementary School:Travis Hts
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Elementary School District:Austin ISD
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Middle Or Junior School:Lively
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Middle Or Junior School District:Austin ISD
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High School:Travis
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High School District:Austin ISD
The Community
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Subdivision Name:Elmhurst
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Community Features:None
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Pool Private:false
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Pool Features:None
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Association:false
Parking
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Parking Features:Off-Street
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Garage:false
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Attached Garage:false
Extra Units
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Additional Parcels:false
Monthly cost estimate
Asking price
$1,150,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$6,157
|
| Taxes | $796 |
| Insurance | $316 |
| Utilities | $230 See report |
| Total | $7,499/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/21/24
Nov 21, 2024
|
Listed / Active | ABOR | $1,150,000 |
