Active Listing  ·  128 days on market

2403 Little John Ln #2

Austin, TX 78704
$515,000
3 Bed 1 Bath 1,269 sqft $406/sqft Built 1960 0.10 acres 1-Car Garage Pool Sherwood Oaks Sec 03

Welcome to this charming 3-bedroom home tucked into the highly sought-after 78704 neighborhood. With a bright and functional layout all on one level. The kitchen is full of charm, featuring updated cabinetry, sleek counters, and a window overlooking the backyard that brings in natural light. Just off the kitchen, a dedicated laundry/mudroom connects directly to the garage—adding everyday ease and keeping things organized. The open layout paired with large windows makes the home feel bright, inviting, and move-in ready. The covered patio is perfect for relaxing on a sunny day. Just minutes from South Congress, downtown Austin, and St. Edward’s University, you’ll love being close to the energy of the city while enjoying the quiet, tucked-away feel of this gem. Full of character and comfort, this home offers the perfect blend of location, style, and livability. ***Renderings of a private front yard project added to photos***

At $406/sqft, this home is priced 4% above the Austin active market average of $390/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2403 Little John Ln #2, Austin, TX 78704

Property Details

Price $515,000
Status Active Listing
Beds 3
Full Baths 1
Half Baths ,
Living Area 1,269 sqft
Lot Size 0.10 acres (4,146.91 sqft)
Year Built 1960
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sherwood Oaks Sec 03
County Travis
Zip Code 78704
$/sqft $406/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $16,166.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238341383
List Date July 7, 2026
Elementary School Travis Hts
Middle School Lively
High School Travis
School District Austin ISD

Austin ISD

Travis Hts · Lively · Travis

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 7, 2026 $575,000
Previous ask $518,800
Current ask $515,000
▼ Reduced $60,000 (-10.4%) 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
2411 S 6th St
Southwood Sec 02
$525,000 $469 3 bd / 2 ba 1,120 sqft , 2026-08-27
2703 Princeton Dr
Burleson Road Heights
$499,000 $399 3 bd / 2 ba 1,250 sqft , 2026-09-17
219 Lessin Ln #15
Post Road
$499,000 $547 2 bd / 3 ba 912 sqft , 2026-10-09
204 La Vista St
Brinwood Sec 03
$485,000 $513 3 bd / 1 ba 945 sqft , 2026-02-13
2210 Schriber St #A
2210 Terrace At Live Oak Condo
$545,000 $338 3 bd / 3 ba 1,613 sqft , 2026-10-04

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
$2,472/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
$103,000
20% conventional investment loan

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

Estimated Gross Rent+$2,472
Principal + Interest−$2,811
Property Tax (assumed ~2.1%)−$901
Insurance (assumed ~0.5%)−$215
Est. Monthly Cash Flow $-1,455

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 · 41 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. The written content was last updated on November 11, 2026.

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

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