Active Listing  ·  76 days on market

1705B Perez St

Austin, TX 78721
$465,000
3 Bed 3 Bath 1,568 sqft $297/sqft Built 2016 0.09 acres 1-Car Garage Pool Chernosky 10

Welcome to this beautifully maintained East Austin home, where quality craftsmanship, thoughtful updates, and an unbeatable location come together. Built by Rivendale Luxury Home Builders, this light-filled residence features soaring ceilings, oversized windows, and an open-concept design that fills the home with natural light, creating an inviting and airy atmosphere throughout.

Ideally located less than five minutes from Mueller and just seven minutes from Downtown Austin, you'll enjoy easy access to some of the city's best restaurants, coffee shops, shopping, Alamo Drafthouse, parks, public pools, Lady Bird Lake, and live entertainment. Nearby bus stops and the MetroRail station make commuting around Austin simple, while the neighborhood itself offers a surprisingly peaceful setting with a welcoming sense of community.

Buy with confidence—the home has been pre-inspected, and the seller has completed the recommended repairs, making it truly move-in ready. Significant recent improvements include a professionally engineered structural retaining wall, new drainage and irrigation systems, a new roof (2023), fresh interior paint, exterior touch-ups, power washing, HVAC servicing, updated light fixtures, modern blinds, refreshed cabinetry, and a new refrigerator. The washer, dryer, and refrigerator may also convey.

Beautifully built, meticulously maintained, and thoughtfully improved, this exceptional home offers the rare combination of peace of mind, modern updates, and an unbeatable East Austin location close to everything the city has to offer.

At $297/sqft, this home is 24% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1705B Perez St, Austin, TX 78721

Property Details

Price $465,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,568 sqft
Lot Size 0.09 acres (4,051.08 sqft)
Year Built 2016
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Chernosky 10
County Travis
Zip Code 78721
$/sqft $297/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,463
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236096918
List Date July 9, 2026
Elementary School Norman-Sims
Middle School Martin
High School Northeast 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.

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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 9, 2026 $550,000
Previous ask $474,990
Current ask $465,000
Reduced $85,000 (-15.5%) 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
4715 Carsonhill Dr
Crest Hills Sec 01
$469,000 $254 3 bd / 2 ba 1,845 sqft , 2026-07-09
1931 E 38th 1/2 St #33
AVION PARK CONDOMINIUMS
$475,000 $350 2 bd / 3 ba 1,359 sqft , 2025-12-08
3203 E 18th St
McKinley Heights 03
$475,000 $244 3 bd / 2 ba 1,950 sqft , 2026-05-14
3600 Jetson Way #4
George
$475,000 $279 2 bd / 3 ba 1,700 sqft , 2026-04-10
3406 E Martin Luther King Jr Blvd
Manor Road Add
$475,000 $326 3 bd / 2 ba 1,459 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
$2,232/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
$93,000
20% conventional investment loan

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

Estimated Gross Rent+$2,232
Principal + Interest−$2,538
Property Tax (~2.1% TX avg)−$814
Insurance (~0.5%)−$194
Est. Monthly Cash Flow $-1,314

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 23, 2026.

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