Active Listing  ·  79 days on market

12517 Limerick Ave

Austin, TX 78727
$275,000
3 Bed 2 Bath 1,007 sqft $273/sqft Built 1976 0.18 acres 2-Car Garage Pool Lamplight Village Sec 01

Move right in and enjoy the peace of mind that comes with major system updates already completed! This thoughtfully maintained 3-bedroom, 2-bath home offers 1,007 square feet of comfortable living with numerous improvements that add long-term value. Primary bedroom is conveniently tucked away in the back of the home. Large tree provides ample shade to keep you cool in warmer months as well as low maintenance buffalo grass in both the front and back yard. Significant updates include a roof replaced in October 2023, foundation repair by Douglas Foundation Repair with a transferable warranty, an upgraded HVAC system featuring a new furnace, condenser, and completely replaced ductwork (2018), newer attic insulation installed through the City of Austin energy efficiency improvement program, a newer water heater, added gutters, new interior paint and a newer garage door with an ultra-quiet opener.

Conveniently located in the heart of North Austin in a friendly neighborhood, this home is just minutes from The Domain, Q2 Stadium, Apple, IBM, Dell, The Arboretum, St. David's North Austin Medical Center, newly renovated HEB, and major employers along the Mopac and SH-45 corridors. Easy access to Mopac, IH-35, and TX-45 makes commuting throughout Austin a breeze while placing premier shopping, dining, entertainment, and everyday conveniences just moments away. Whether you're searching for your first home, downsizing, or looking for an investment opportunity, this property combines an unbeatable location with extensive updates that are hard to find at this price point with no HOA!

At $273/sqft, this home is 30% 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

12517 Limerick Ave, Austin, TX 78727

Property Details

Price $275,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,007 sqft
Lot Size 0.18 acres (7,840.8 sqft)
Year Built 1976
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lamplight Village Sec 01
County Travis
Zip Code 78727
$/sqft $273/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,659.33
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236410544
List Date July 21, 2026
Elementary School Northwest
Middle School Westview
High School John B Connally
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 21, 2026 $300,000
Previous ask $289,000
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
12811 Copper Cliff Ave #B
Lamplight West
$290,000 $347 2 bd / 1 ba 835 sqft , 2026-07-27
12323 Emery Oaks Rd
North Star Sec 05
$290,000 $315 2 bd / 2 ba 920 sqft , 2026-10-07
12808 Chromite St #B
Lamplight West Sec 02
$299,000 $281 2 bd / 2 ba 1,064 sqft , 2026-08-18
12166 Metric Blvd #280 - Bldg 9
Edgecreek Condo Amd
$199,500 $199 2 bd / 2 ba 1,004 sqft , 2026-08-21
12800 Meehan Dr
Scofield Farms Ph 01 Sec 02-A
$369,000 $279 3 bd / 3 ba 1,321 sqft , 2026-07-08

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

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 September 24, 2026.

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