Active Listing  ·  130 days on market

602 Old Stone Rd

Austin, TX 78745
$465,000
3 Bed 2 Bath 1,275 sqft $365/sqft Built 1973 0.26 acres 2-Car Garage Pool Battle Bend Spgs Sec 03

Nestled in the heart of East Congress on a quiet cul-de-sac lot, this beautifully updated 3-bedroom, 2-bathroom home offers 1,275 square feet of stylish, move-in-ready living. The freshly painted interior and exterior showcase all-new flooring, updated lighting, and a bright, modern feel throughout.

The inviting living area features a striking floor-to-ceiling limestone wood-burning fireplace, creating a warm and eye-catching focal point. The kitchen has been thoughtfully redesigned with brand-new appliances and sleek granite countertops, while both bedrooms and bathrooms have been tastefully updated for comfort and style.

Step outside to an oversized backyard shaded by mature trees, where a fully redone in-ground pool (2025) offers the perfect setting for relaxing or entertaining.

Major updates provide peace of mind, including a brand-new roof (2025), a brand-new HVAC system (2025), and all-new appliances. The home also includes a transferable home warranty through Choice Home Warranty, covering both the house and pool.

Ideally located just minutes from Interstate 35, South Congress Avenue, Zilker Park, and downtown Austin, this home offers convenient access to some of the city’s best dining, shopping, and entertainment.

At $365/sqft, this home is 7% 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

602 Old Stone Rd, Austin, TX 78745

Property Details

Price $465,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,275 sqft
Lot Size 0.26 acres (11,478.06 sqft)
Year Built 1973
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Battle Bend Spgs Sec 03
County Travis
Zip Code 78745
$/sqft $365/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,712
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226101792
List Date April 16, 2026
Elementary School Galindo
Middle School Bedichek
High School Travis
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 · April 16, 2026 $535,000
Previous ask $495,000
Current ask $465,000
Reduced $70,000 (-13.1%) 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
401 N Bluff Dr #16101
Cannon West
$455,000 $339 2 bd / 3 ba 1,343 sqft , 2026-04-20
902 Emerald Wood Dr
Emerald Forest Sec 03
$450,000 $290 3 bd / 2 ba 1,551 sqft , 2026-04-18
4315 S Congress Ave #332
Congress Lofts Condominiums
$450,000 $427 2 bd / 2 ba 1,055 sqft , 2026-08-19
806 Philco Dr #2
Greenwood Forest Sec 01
$449,900 $392 3 bd / 3 ba 1,149 sqft , 2026-06-06
402 Philco Dr
Alamo Heights Sec 02
$449,000 $370 3 bd / 1 ba 1,212 sqft , 2026-08-05

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
$2,232/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
$93,000
20% conventional investment loan

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

Estimated Gross Rent+$2,232
Principal + Interest−$2,538
Property Tax (~2.1% TX avg)−$814
Insurance (~0.5%)−$194
Est. Monthly Cash Flow $-1,314

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 7, 2026.

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