About This Home

Amazing Value in 78704 to owner-occupy, redevelop, 1031, use as an income property...so many options for this free-standing, single family home in 78704!! Adorable South Austin bungalow only 10 minutes from downtown! Updated and spacious kitchen with high end appliances and ample cabinet space. Bathroom oasis complete with oversized walk-in shower and soaking tub. Relaxing covered porch and private backyard with large shady tree surrounded by a stone patio. Don't settle for a condo with shared walls and minimal/no private yard. Live in a HOME in 78704 with No HOA fees!

At $412/sqft, this home is priced 5% above the Austin active market average of $392/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4025 Valley View Rd #2, Austin, TX 78704

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Property Details

Price $449,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,091 sqft

Lot Size 0.13 acres (5,523.41 sqft)

Year Built 1947

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Hancock Estates

County Travis

Zip Code 78704

$/sqft $412/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $8,842.72

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT222178957

List Date March 18, 2026

Elementary School Jordan

Middle School Covington

High School Crockett

School District ,

Have Questions About This Property?

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 · March 18, 2026 $495,000

Previous ask $465,000

Current ask $449,000

▼ Reduced $46,000 (-9.3%) 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

402 Philco Dr
Alamo Heights Sec 02 $449,000 $370 3 bd / 1 ba 1,212 sqft , 2026-08-05

806 Philco Dr #2
Greenwood Forest Sec 01 $449,900 $392 3 bd / 3 ba 1,149 sqft , 2026-06-06

2804 Treble Ln #923
The Denizen Condominiums $450,000 $335 2 bd / 2 ba 1,344 sqft , 2026-06-19

3600 S LAMAR Blvd #213
Greenview on Barton Creek $460,000 $371 2 bd / 2 ba 1,239 sqft , 2026-08-14

2801 Dulce Ln #722
Denizen Condo Amd $435,000 $347 2 bd / 2 ba 1,255 sqft , 2026-05-16

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

$2,155/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

$89,800

20% conventional investment loan

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

Estimated Gross Rent+$2,155

Principal + Interest−$2,450

Property Tax (~2.1% TX avg)−$786

Insurance (~0.5%)−$187

Est. Monthly Cash Flow $-1,268

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

About the Author

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 19, 2026.

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

4025 Valley View Rd #2