Active Listing  ·  135 days on market

3704 Cherrywood Rd

Austin, TX 78722
$449,500
2 Bed 1 Bath 854 sqft $526/sqft Built 1950 0.17 acres Pool Delwood Park

Welcome to 3704 Cherrywood Rd.

What an opportunity to invest in the highly sought after 78722. This adorable 1950s bungalow is situated on a LARGE lot; with dimensions of 50 feet wide and 150 feet deep with 7623 square footage in the heart of the Cherrywood neighborhood. It features 2 beds, 1 bath, original hardwood flooring, screened in back porch, fresh interior paint (June 2026) and a vast backyard with endless possibilities. This ideal location is minutes from downtown Austin, The University of Texas, Moody Center, Mueller and the vibrant dining corridor on Manor Rd. There is an array of restaurants, coffee shops, shopping, trails and parks within walking distance. Cherrywood is full of character, community and tree filled lots with an abundance of charm. Move in, remodel or build your dream home. Don't miss this rare venture! No survey.

Your big ticket items: Roof 5 years old, HVAC System 8 years old.

At $526/sqft, this home is priced 35% 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

3704 Cherrywood Rd, Austin, TX 78722

Property Details

Price $449,500
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 854 sqft
Lot Size 0.17 acres (7,623 sqft)
Year Built 1950
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Delwood Park
County Travis
Zip Code 78722
$/sqft $526/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,082.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236713727
List Date June 30, 2026
Elementary School Maplewood
Middle School Kealing
High School McCallum
School District Austin ISD

Austin ISD

Maplewood · Kealing · McCallum

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 · June 30, 2026 $467,900
Current ask $449,500
▼ Reduced $18,400 (-3.9%) 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
1815 Singleton Ave
Glenwood Add
$450,000 $666 2 bd / 1 ba 676 sqft , 2026-07-14
3900 Berkman Dr #203
Concourse at Mueller Condominiums
$464,900 $498 2 bd / 2 ba 933 sqft , 2026-08-18
1717 E 38th 1/2 St
Giles Place Sec 01
$470,000 $519 2 bd / 1 ba 905 sqft , 2026-10-16
3311 Hollywood Ave
University Park
$425,000 $496 1 bd / 1 ba 856 sqft , 2026-02-06
2107 Chicon St
Johns C R
$425,000 $513 1 bd / 2 ba 829 sqft , 2026-10-20

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
$2,158/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
$89,900
20% conventional investment loan

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

Estimated Gross Rent+$2,158
Principal + Interest−$2,453
Property Tax (assumed ~2.1%)−$787
Insurance (assumed ~0.5%)−$187
Est. Monthly Cash Flow $-1,269

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 →

Neighborhood Context

About Cherrywood

Cherrywood is where East Austin's artsy identity has its deepest roots. The neighborhood - bounded roughly by Airport Boulevard, Manor Road, 51st Street, and Berkman Drive - has long been a hub for Austin's creative community, anchored by the Cherrywood Coffeehouse and surrounded by the kind of craftsman bungalows and cottage-style homes that photographers and painters have claimed as studios for decades.

The neighborhood sits north of the East 6th entertainment corridor and south of Mueller, which gives it a residential calm that the core of East Austin lacks while maintaining easy access to both. Manor Road, the main commercial street bordering Cherrywood to the north, has excellent dining - Paperboy, Hillside Farmacy, and Cherrywood Coffeehouse anchor a walkable strip that draws residents from surrounding neighborhoods.

☕
Cherrywood Coffeehouse

The neighborhood's anchor institution - a beloved independent coffeehouse that has been drawing the Austin arts community to Cherrywood for years. Outdoor seating, live music, and a genuine neighborhood hub.

🍽️
Manor Road Dining

Hillside Farmacy, Paperboy, and the broader Manor Road corridor offer excellent farm-to-table and creative dining within easy walking distance of most Cherrywood homes.

🎨
East Austin Studio Tour

The annual East Austin Studio Tour has Cherrywood at its epicenter - over 200 artists open their studios each November for one of Austin's most beloved cultural events.

🚶
Walk Score 81

Coffeehouse, restaurants, parks, and the Mueller Farmers Market are all walkable. Cherrywood is one of East Austin's most genuinely pedestrian-friendly residential neighborhoods.

Full Cherrywood Guide →

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 4, 2026.

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

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