Active Listing  ·  7 days on market

10510 School House Ln

Austin, TX 78750
$339,900
3 Bed 2 Bath 1,363 sqft $249/sqft Built 1979 0.13 acres 2-Car Garage Pool Village 14 At Anderson Mill

Discover the charm of suburban living paired with modern comfort in this inviting Austin residence in the desirable Anderson Mill area. A manicured landscape creates timeless curb appeal and welcomes you into a thoughtfully designed home offering a comfortable, functional layout. Inside, luxury vinyl plank flooring and carpet run throughout, while a corner brick fireplace creates a warm focal point in the living area. This home offers an ideal blend of character, comfort and convenience.

Discover the perfect blend of suburban charm and modern comfort at 10510 School House Ln in Austin’s desirable Anderson Mill neighborhood, where a manicured landscape creates timeless curb appeal and welcomes you into a thoughtfully designed home featuring a comfortable, functional layout with luxury vinyl plank flooring and carpet throughout plus a corner brick fireplace that serves as a warm focal point in the living area. Enjoy an exceptional location just minutes from Anderson Mill’s parks, playgrounds, trails, sports fields, tennis and pickleball courts, swimming pools, and recreation facilities, including nearby Anderson Mill Park and El Salido Park, while everyday conveniences like H-E-B, Walmart, Target, Lakeline Mall, and extensive shopping, dining, and services along FM 620 and US 183 are close at hand; Lakeline Station offers convenient transit access, and US 183, FM 620, and the 45 Toll provide easy connectivity throughout North Austin, Cedar Park, and surrounding areas, with nearby schools including Anderson Mill Elementary, Noel Grisham Middle School, and Westwood High School—all combining to deliver the comfortable suburban lifestyle you’ve been looking for.

At $249/sqft, this home is 36% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

10510 School House Ln, Austin, TX 78750

Property Details

Price $339,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,363 sqft
Lot Size 0.13 acres (5,841.4 sqft)
Year Built 1979
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Village 14 At Anderson Mill
County Williamson
Zip Code 78750
$/sqft $249/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,320
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242447550
List Date August 7, 2026
Elementary School Anderson Mill
Middle School Noel Grisham
High School Westwood
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 7, 2026 $359,900
Current ask $339,900
Reduced $20,000 (-5.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
12701 Venice Ln #230
Pecan Park Garden Estates
$350,000 $218 3 bd / 3 ba 1,607 sqft , 2026-06-19
11304 Slippery Elm Trl
Village 12 At Anderson Mill
$350,000 $214 3 bd / 2 ba 1,636 sqft , 2026-03-02
11000 Anderson Mill Rd #46
Courtyard Homes At Anderson Oaks Condo Ph 03
$325,000 $222 3 bd / 3 ba 1,466 sqft , 2026-04-10
11000 Anderson Mill Rd #3
Courtyard Homes/Anderson Oaks
$315,000 $241 2 bd / 3 ba 1,308 sqft , 2026-07-24
12508 Piper Ct
Pecan Park Garden Estates
$368,000 $245 3 bd / 3 ba 1,500 sqft , 2026-04-17

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,632/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$67,980
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,632
Principal + Interest−$1,855
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-960

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 13, 2026.

📞 (254) 718-2567 [email protected] More about Luke →