Active Listing  ·  45 days on market

4715 Carsonhill Dr

Austin, TX 78723
$475,000
3 Bed 2 Bath 1,845 sqft $257/sqft Built 1973 0.18 acres Pool Crest Hills Sec 01

Move-in ready and thoughtfully updated, this charming East Austin home is nestled on a quiet street and offers an open floor plan, abundant natural light, and a spacious backyard (nearly a quarter acre) perfect for relaxing or entertaining. Originally remodeled in 2015 and extensively refreshed in 2025/2026, the home features new uniform flooring throughout (no carpet), beautifully renovated bathrooms, fresh interior and exterior paint, a new roof with transferable warranties, an updated HVAC system and ductwork, refreshed landscaping, a redone driveway, and a large outdoor storage shed. Washer, dryer, and refrigerator convey.

Beyond the beautiful updates, the sellers have gone the extra mile to provide buyers with added value. A pre-listing inspection has been completed, an new structural engineering evaluation obtained, many inspection recommendations addressed, and a transferable foundation warranty.

Situated on nearly a quarter-acre lot, enjoy mature shade trees, a spacious deck, garden area, Google Fiber, and plenty of room to spread out. Ideally located just minutes from Springdale, Mueller, Downtown Austin, parks, trails, golf courses, and major highways.

A rare opportunity to own a thoughtfully updated home where the major improvements have already been made and the preparation has already been done.

At $257/sqft, this home is 34% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4715 Carsonhill Dr, Austin, TX 78723

Property Details

Price $475,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,845 sqft
Lot Size 0.18 acres (7,975.84 sqft)
Year Built 1973
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Crest Hills Sec 01
County Travis
Zip Code 78723
$/sqft $257/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,054.87
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238982013
List Date July 9, 2026
Elementary School Pecan Springs
Middle School Bertha Sadler Means
High School Northeast Early College
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
5215 Overbrook Dr
Manor Hills
$475,000 $321 4 bd / 2 ba 1,480 sqft , 2026-02-01
1705B Perez St
Chernosky 10
$474,990 $303 3 bd / 3 ba 1,568 sqft , 2026-07-09
4710 Russet Hill Dr
Springdale Hills Sec 02
$480,000 $378 3 bd / 2 ba 1,270 sqft , 2026-07-10
4711 Little Hill Cir
Craigwood Sec 02
$489,900 $272 3 bd / 2 ba 1,800 sqft , 2026-05-19
4801 SPRINGDALE Rd #2410
Gravity ATX
$459,000 $309 2 bd / 3 ba 1,485 sqft , 2026-01-08

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 August 20, 2026.

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