Active Listing  ·  70 days on market

1107 Gardner Cv

Austin, TX 78721
$275,000
4 Bed 2 Bath 1,170 sqft $235/sqft Built 1971 0.17 acres Pool Johnston Terrace Sec 05

Opportunity, location, and potential come together on this quiet cul-de-sac in East Austin's established Johnston Terrace neighborhood. Whether you're a first-time homebuyer looking to build sweat equity, an investor searching for your next project, or someone ready to renovate and create a dream home, this is the kind of opportunity buyers are always asking for.

Situated on a spacious, tree-filled lot, the property offers plenty of room for entertaining, gardening, or future expansion. Directly across the street from the highly regarded Liberal Arts and Science Academy (LASA), the location provides exceptional convenience while placing you just minutes from Downtown Austin, Mueller, Austin-Bergstrom International Airport, major employers, parks, hike-and-bike trails, local restaurants, coffee shops, and everything that makes East Austin one of the city's most dynamic areas.

The home is located within the 500-year floodplain, meaning flood insurance is not required by most lenders. Offering an affordable entry point into one of Austin's strongest growth corridors, this is a rare chance to invest in your future, add value through thoughtful improvements, and make the home your own.

At $235/sqft, this home is 40% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1107 Gardner Cv, Austin, TX 78721

Property Details

Price $275,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,170 sqft
Lot Size 0.17 acres (7,405.2 sqft)
Year Built 1971
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Johnston Terrace Sec 05
County Travis
Zip Code 78721
$/sqft $235/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,765.37
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240662131
List Date July 30, 2026
Elementary School Ortega
Middle School Martin
High School Eastside Early College
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 · July 30, 2026 $300,000
Previous ask $290,000
Current ask $275,000
▼ Reduced $25,000 (-8.3%) 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
1112 Terry Dr
Hobbs Add
$275,000 $181 4 bd / 4 ba 1,521 sqft , 2025-10-13
1060 Gardner None
Johnston Terrace
$295,000 $200 3 bd / 2 ba 1,478 sqft , 2026-10-06
1006 Lott Ave
Green Valley 02
$299,000 $292 3 bd / 2 ba 1,024 sqft , 2026-10-07
1021 Gardner Rd
Johnston Terrace Sec 07
$249,900 $214 3 bd / 1 ba 1,170 sqft , 2026-08-12
1113 Ebert Ave
Brooksdale
$325,000 $208 3 bd / 2 ba 1,560 sqft , 2026-09-29

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
$1,320/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
$55,000
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-777

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

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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 September 22, 2026.

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