Active Listing  ·  19 days on market

3017 Val Dr

Austin, TX 78723
$475,000
4 Bed 2 Bath 2,100 sqft $226/sqft Built 1970 0.22 acres Pool Vintage Hills Sec 04

New paint throughout the house with new carpet in the bedrooms. NO HOA

Great location tucked into the heart of University Hills in East Austin. This move-in ready 4-bed, 2-bath + flex space home offers a floor plan that simply works. Step inside this single-story brick home featuring a bright and inviting interior with hardwood flooring throughout the main living areas and carpeted bedrooms. The living room offers a wood-burning fireplace and beam ceilings, creating a comfortable gathering space with abundant natural light. The kitchen includes new painted cabinets, matching backsplash, and an island for added workspace. All bedrooms are equipped with ceiling fans. Outside, enjoy a private fenced backyard with a sunroom overlooking the yard, providing additional space for outdoor enjoyment. Come tour this beautiful home!

At $226/sqft, this home is 42% 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

3017 Val Dr, Austin, TX 78723

Property Details

Price $475,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,100 sqft
Lot Size 0.22 acres (9,469.94 sqft)
Year Built 1970
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Vintage Hills Sec 04
County Travis
Zip Code 78723
$/sqft $226/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,482.43
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245657423
List Date September 4, 2026
Elementary School Winn
Middle School Webb
High School Liberal Arts and Science Academy (LASA)
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 · September 4, 2026 $499,900
Current ask $475,000
Reduced $24,900 (-5.0%) 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
7102 Fred Morse Dr
Vintage Hills Sec 02
$475,000 $217 4 bd / 3 ba 2,184 sqft , 2026-08-18
7404 Gunnison Pass
Las Cimas Sec 01
$474,900 $318 4 bd / 3 ba 1,494 sqft , 2026-07-31
7500 Rio Pass
EAST CENTRAL AREA
$479,000 $230 5 bd / 3 ba 2,085 sqft , 2026-08-27
5800 Coolbrook Dr
Crystalbrook Sec 01
$460,000 $201 4 bd / 2 ba 2,290 sqft , 2026-07-31
7301 Marywood Cir
University Hills Sec 04 Ph 04
$490,000 $182 5 bd / 3 ba 2,690 sqft , 2026-03-06

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
$2,280/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
$95,000
20% conventional investment loan

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

Estimated Gross Rent+$2,280
Principal + Interest−$2,592
Property Tax (~2.1% TX avg)−$831
Insurance (~0.5%)−$198
Est. Monthly Cash Flow $-1,341

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 20, 2026.

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