Active Listing  ·  187 days on market

1704 Alleghany Dr

Austin, TX 78741
$425,000
3 Bed 2 Bath 1,496 sqft $284/sqft Built 1967 0.23 acres Pool Greenbriar Sec 01

Charming and updated East Austin gem on a rare, oversized lot! Situated on nearly a quarter-acre in 78741, this inviting home boasts excellent curb appeal and a bright, sunlit open layout. The modern kitchen features an entertainment-ready breakfast bar that flows seamlessly into the main living area. Unwind in the spacious primary suite, complete with a walk-in closet and elegant French doors opening to an expansive, private backyard oasis. Two flexible secondary bedrooms are ideal for a home office or guest rooms. Enjoy ultimate peace of mind with major 2022 capital improvements, including a new roof, privacy fence, updated plumbing, and upgraded electrical. Located just minutes from Downtown, Town Lake, and ABIA, you are steps away from East Austin's hottest dining, coffee shops, and nightlife.

At $284/sqft, this home is 28% 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

1704 Alleghany Dr, Austin, TX 78741

Property Details

Price $425,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,496 sqft
Lot Size 0.23 acres (9,879.41 sqft)
Year Built 1967
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Greenbriar Sec 01
County Travis
Zip Code 78741
$/sqft $284/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,619.71
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223239159
List Date March 20, 2026
Elementary School Linder
Middle School Lively
High School Travis
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.

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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 · March 20, 2026 $525,000
Previous ask $449,000
Current ask $425,000
Reduced $100,000 (-19.0%) 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
3103 Matador Dr
Santa Monica Park Sec 02
$419,900 $282 4 bd / 2 ba 1,490 sqft , 2026-06-05
2209 Woodland Ave #803
Woodland Park
$405,000 $329 2 bd / 3 ba 1,230 sqft , 2026-05-22
2215 Post Rd #1018
Travis Oaks Condo Amd
$399,000 $408 2 bd / 2 ba 977 sqft , 2026-07-03
1304 Mariposa Dr #132
Travis Green Condo
$460,000 $355 3 bd / 2 ba 1,296 sqft , 2026-08-25
2215 Post Rd #2084
Travis Oaks Condo Amd
$379,000 $388 2 bd / 2 ba 977 sqft , 2026-08-21

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
$2,040/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
$85,000
20% conventional investment loan

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

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

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 15, 2026.

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