Active Listing  ·  18 days on market

15217 Bullace St

Austin, TX 78724
$300,000
4 Bed 3 Bath 1,952 sqft $154/sqft Built 2007 0.16 acres 2-Car Garage Pool Forest Bluff Sec 05

Feel like royalty in this newly remodeled, bright, spacious two-story home! Just under 2,000 sq ft, 20 minutes from downtown Austin and with easy access to the 130 toll road to get anywhere.

Great floor plan with the office and primary bedroom suite on the main floor, along with a large open kitchen, dining and living areas, pantry, laundry, and half bath. Upstairs you'll find a large den loft space, 3 bedrooms, and a full bath — 4 bedrooms, 2.5 baths, plus office and loft total, with room for the whole family and room to work comfortably from home.

Enjoy your spacious, fenced corner lot — a blank slate ready for your imagination.

Buyer's bonus: this home comes with an assumable FHA mortgage at 3.5% on approximately $200K, which could save a savvy buyer roughly $150K in interest over a 30-year period compared to current rates.

Roof and HVAC are original to the home and reflected in the price — both are in great working condition with no current issues. Seller is open to creative terms, including closing cost credits, to help make this home work for you! I love this home and hope you will too, especially with the updates!

At $154/sqft, this home is 61% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

15217 Bullace St, Austin, TX 78724

Property Details

Price $300,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,952 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Forest Bluff Sec 05
County Travis
Zip Code 78724
$/sqft $154/sqft
Days on Market ,
HOA $81.13/Quarterly
Annual Tax Est. $5,412.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238191524
List Date July 27, 2026
Elementary School Hornsby-Dunlap
Middle School Del Valle
High School Del Valle
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 27, 2026 $315,000
Previous ask $310,000
Current ask $300,000
Reduced $15,000 (-4.8%) 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
5501 English Ave
Forest Bluff Sec 02
$299,990 $226 3 bd / 2 ba 1,326 sqft , 2026-03-12
12901 Brahmin Dr
Tiermo
$299,500 $203 3 bd / 2 ba 1,472 sqft , 2026-07-09
5920 Montrelia Dr
LOT 26 BLK N GILBERT LANE PHS 3
$309,000 $152 4 bd / 2 ba 2,029 sqft , 2026-08-04
14901 Nuttall Dr
Forest Bluff Sec 03
$289,000 $211 3 bd / 2 ba 1,369 sqft , 2026-04-06
15101 Shell Bark Cv
Forest Bluff Sec 6
$312,000 $149 4 bd / 3 ba 2,095 sqft , 2026-05-21

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
$1,440/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
$60,000
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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 August 7, 2026.

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