Active Listing  ·  4 days on market

3009 Val Dr

Austin, TX 78723
$685,000
3 Bed 2 Bath 1,520 sqft $451/sqft Built 1970 0.38 acres 2-Car Garage Pool Vintage Hills Sec 04

Beautiful storybook home in East Austin w/ a fantastic .38 acre lot plus Casita. ~ From the moment you arrive, you feel a sense of home. ~ Bright, open and spacious floor plan was thoughtfully restored in 2023. ~ The kitchen features oak cabinetry, quartz countertops, and mid-century modern tile design with a full appliance suite and an adjoining custom-built laundry room. ~ Spacious living and an inviting dining room set the stage for entertaining and relaxing. ~ Spacious primary bedroom. Custom built-in closet and a wonderful primary bathroom. ~ The backyard is a highlight of the home with an oversized deck, custom 180-foot built casita, and lush beautiful landscaping. ~ Minutes to Mueller shopping plus entertainment, HEB, University of Texas, and Downtown Austin. ~ New roof, HVAC system, and water heater 2023, All PVC Plumbing with new Sewer Line 2026.

At $451/sqft, this home is priced 15% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3009 Val Dr, Austin, TX 78723

Property Details

Price $685,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,520 sqft
Lot Size 0.38 acres (16,500.53 sqft)
Year Built 1970
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vintage Hills Sec 04
County Travis
Zip Code 78723
$/sqft $451/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,853.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243488661
List Date August 19, 2026
Elementary School Winn
Middle School Bertha Sadler Means
High School Lyndon B Johnson (Austin ISD)
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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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
6805 Tulane Dr
University Hills Sec 03 Ph 01
$699,000 $426 4 bd / 2 ba 1,639 sqft , 2026-06-17
7007 Fred Morse Dr
Vintage Hills Sec 02
$625,000 $305 4 bd / 3 ba 2,048 sqft , 2026-07-28
2703 Wheless Ln
Thomas Eldridge
$599,000 $426 3 bd / 1 ba 1,406 sqft , 2026-06-15
6807 Roanoke Dr
University Hills Sec 02 Ph 05
$565,000 $401 3 bd / 2 ba 1,410 sqft , 2026-08-10
7302 Meadowood Dr
Vintage Hills
$550,000 $341 3 bd / 2 ba 1,613 sqft , 2026-03-20

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
$3,288/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
$137,000
20% conventional investment loan

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

Estimated Gross Rent+$3,288
Principal + Interest−$3,738
Property Tax (~2.1% TX avg)−$1,199
Insurance (~0.5%)−$285
Est. Monthly Cash Flow $-1,934

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 22, 2026.

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