2505 Bluebonnet Ln, Austin, TX 78704 - MLS# 7525345

Site-Multi-Family 5+ Units for Sale in Austin > 78704 > Low Theodore Heights > 2505 Bluebonnet Ln

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$2,750,000 $2,300/m

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-
Beds
-
Baths
N/A
Square Ft.
1.05
Acres
N/A
Garages
1942
Year Built
MLS® #: 7525345 Active, 129 Days on Market

Unique Opportunity to develop 18 units of luxury residential homes within fast growing corridor of Core Austin. Located just off of the NE hard corner at Bluebonnet and Lamar. Area comps support $365 sq/ft exit price on condos with land cost at only $64 sq/ft. Previous site plan approved but expired. New conceptual site plan available but site plan approval process needs to be restarted offering opportunity to tweak site design to fit buyer preference. Great land bank investment opportunity as well.

Price History for 2505 Bluebonnet Ln

Date MLS # Details Price
7525345 - Commercial Sale Price Decrease - 32 days (80 days total) $2,750,000 - $200,000
7525345 - Commercial Sale Back On Market - 22 days $2,950,000
7525345 - Commercial Sale Pending - Taking Backups - 26 days $2,950,000
7525345 - Commercial Sale New $2,950,000
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Property Details for 2505 Bluebonnet Ln

Location
Size and Restrictions
  • Acres: 1.05
  • $/Acre: $60
  • Land Area: 1.05 - Square Footage
  • FEMA 100 Yr Floodplain: No
  • Restrictions: Yes - City Restrictions, Deed Restrictions, See Agent, Zoning
Improvements
  • Property Subtype: Commercial Sale - Site-Multi-Family 5+ Units
  • Parking: 1 - 1 - Common
Utilities
  • Water: See Agent
  • Separate Meter: See Agent
  • Utilities: See Agent
  • Sewer: See Agent

Interior Features for 2505 Bluebonnet Ln

Heating and Cooling
  • Heating: See Agent
  • Air Conditioning: See Agent
Interior Features
  • Disability: No

Building Information for 2505 Bluebonnet Ln

Building Information
  • Year Built: 1942 - Tear Down
  • Condition: As-Is
  • Foundation: Slab
Garage and Parking
  • Parking: 1 - 1 - Common

Financials for 2505 Bluebonnet Ln

Financial Information
  • $/Square Foot: $1,969
  • $/Acre: $60
Property Taxes
  • Estimated Taxes: $8,892
  • Tax Rate: 2.3% - 2016
  • Tax ID: 04010702130000

Properties for Sale Similar to 2505 Bluebonnet Ln, Austin, TX View On Map

Property Listed by: Jay Hull

The 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.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from August 16th, 2017 at 10:16pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.