Active Listing  ·  98 days on market

5503 Basswood Ln

Austin, TX 78723
$420,000
3 Bed 2 Bath 1,415 sqft $297/sqft Built 1967 0.36 acres 2-Car Garage Pool Preswyck Hills Sec 04

Welcome to 5503 Basswood Lane — a charming East Austin home offering the perfect mix of character, comfort, and convenience in one of Austin’s most rapidly growing areas. This thoughtfully designed 3-bedroom, 2-bath home features an open and functional layout with abundant natural light and inviting living spaces throughout.

The kitchen flows seamlessly into the main living and dining areas, creating an ideal setup for entertaining, relaxing evenings at home, or everyday living. Spacious bedrooms provide comfortable retreats, while the primary suite offers privacy and a well-appointed ensuite bath.

Step outside to enjoy the generously sized yard with plenty of space for pets, gardening, entertaining, or simply enjoying Austin evenings under the trees.

Located just minutes from Mueller, Downtown Austin, major employers, local restaurants, coffee shops, and parks, this home delivers both accessibility and neighborhood charm. Whether you're looking for your next primary residence or an investment opportunity, 5503 Basswood offers the lifestyle and location buyers are searching for.

Special Financing Available! Ask about our preferred lending partner, SouthStar Bank, and its H.O.P.E. Home Loan Program. This property is located in a designated H.O.P.E. area, and qualified buyers may be eligible for a 6.99% fixed-rate, 30-year loan with no origination or processing fees, no private mortgage insurance, and as little as approximately 5% down for this home due to the program's $450,000 maximum loan amount. Household income must not exceed $266,000 per year, and buyer and property qualification requirements apply. Contact the listing agent for more information or to be connected with the preferred loan officer.

At $297/sqft, this home is 24% 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

5503 Basswood Ln, Austin, TX 78723

Property Details

Price $420,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,415 sqft
Lot Size 0.36 acres (15,507.36 sqft)
Year Built 1967
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Preswyck Hills Sec 04
County Travis
Zip Code 78723
$/sqft $297/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,805.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230245340
List Date May 16, 2026
Elementary School Pecan Springs
Middle School Pearce Middle
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.

Schedule a Call →

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 · May 16, 2026 $475,000
Previous ask $450,000
Current ask $420,000
Reduced $55,000 (-11.6%) 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
4900 Eastdale Dr
Springdale Hills
$415,000 $275 3 bd / 2 ba 1,511 sqft , 2026-08-03
2713 Sweeney Ln
Royal Oak Estates Sec 05
$435,000 $332 2 bd / 1 ba 1,312 sqft , 2026-06-10
3108 E 51st St #601
The Grove Condominiums
$440,800 $288 2 bd / 3 ba 1,529 sqft , 2026-02-19
4806 Carsonhill Dr
Crest Hills Sec 01
$399,000 $261 3 bd / 2 ba 1,527 sqft , 2026-08-05
4802 Carsonhill Dr
Crest Hills Sec 01
$445,000 $316 3 bd / 2 ba 1,410 sqft , 2026-07-14

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
$2,016/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
$84,000
20% conventional investment loan

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

Estimated Gross Rent+$2,016
Principal + Interest−$2,292
Property Tax (~2.1% TX avg)−$735
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,186

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 19, 2026.

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