About This Home

Fully renovated and move-in ready in East Austin! This 3-bedroom, 2-bath home features modern updates, an open floor plan, updated kitchen, stylish bathrooms, and a bright, welcoming feel throughout. Located minutes from Mueller, Downtown Austin, major highways, dining, shopping, and entertainment. This is a great opportunity for buyers looking for location, updates, and convenience all in one.

At $357/sqft, this home is 9% 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

1613 Glencrest Dr, Austin, TX 78723

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Property Details

Price $549,999

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,540 sqft

Lot Size 0.22 acres (9,491.72 sqft)

Year Built 1959

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Colonial Hills Sec 01

County Travis

Zip Code 78723

$/sqft $357/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,039.14

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238541492

List Date July 3, 2026

Elementary School Harris

Middle School Webb

High School Northeast Early College

School District ,

Have Questions About This Property?

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.

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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 3, 2026 $599,000

Previous ask $569,000

Current ask $549,999

▼ Reduced $49,001 (-8.2%) 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

1308 BROADMOOR Dr
WINDSOR PARK SEC 4A $549,000 $400 3 bd / 2 ba 1,372 sqft , 2026-05-04

1609 Larkwood Dr
Delwood 04 Sec B $545,000 $446 3 bd / 1 ba 1,222 sqft , 2026-07-11

6807 Roanoke Dr
University Hills Sec 02 Ph 05 $565,000 $401 3 bd / 2 ba 1,410 sqft , 2026-08-10

1602 Ashberry Dr
Colonial Hills Sec 02 $525,000 $409 3 bd / 2 ba 1,283 sqft , 2026-08-14

6414 Kenilworth Dr
Windsor Park 02 Sec 01 $575,000 $312 4 bd / 3 ba 1,843 sqft , 2026-04-14

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

$2,640/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

$110,000

20% conventional investment loan

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

Estimated Gross Rent+$2,640

Principal + Interest−$3,002

Property Tax (~2.1% TX avg)−$962

Insurance (~0.5%)−$229

Est. Monthly Cash Flow $-1,553

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

About the Author

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 5, 2026.

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

1613 Glencrest Dr