Active Listing  ·  10 days on market

7004 Fred Morse Dr

Austin, TX 78723
$545,000
3 Bed 2 Bath 1,450 sqft $376/sqft Built 1976 0.24 acres 2-Car Garage Pool Vintage Hills Sec 02

Tucked away in the established University Hills neighborhood, this reimagined home offers a peaceful setting surrounded by mature trees and lush greenery. A classic stone and wood siding exterior defines the renovated residence at 7004 Fred Morse Dr.

Inside, 1,450 square feet includes three bedrooms, two full bathrooms, and an upstairs green color-drenched flex space, ideal for an office, playroom, or second living area. Vaulted ceilings in two bedrooms and the dining area, natural light and tree views create an airy atmosphere.

Recently renovated down to the studs with permitted improvements, nearly everything is new, including windows, doors, flooring, walls, and major interior finishes. New ductwork, foam insulation, and central air add comfort, while recessed lighting, decorative wall sconces, designer fixtures, and thoughtfully designed closet systems add elegance and function.

The redesigned kitchen features quartz countertops, a matching quartz backsplash and shelving, a high-end KitchenAid appliance package, a built-in drawer microwave, and a Venetian plaster vent hood. The primary bathroom features warm neutral tile, a double vanity, a walk-in shower, and a separate toilet area, while the secondary bathroom includes a bathtub. A newly tiled fireplace and carefully selected pops of color bring additional character to the home.

On a 10,568-square-foot lot, the property features extensively redesigned front and backyards with lush lawns, new landscaping, fencing, retaining walls, a refreshed patio, and a full irrigation system. A full-size garage with a new garage door and dedicated laundry space adds everyday convenience.

Just minutes from Mueller, with easy access to I-35, Highway 183, downtown Austin, and The Domain, this home combines the charm of an established neighborhood with the comfort, functionality, and finishes of a thoughtfully renovated property.

At $376/sqft, this home is 4% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

7004 Fred Morse Dr, Austin, TX 78723

Property Details

Price $545,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,450 sqft
Lot Size 0.24 acres (10,567.66 sqft)
Year Built 1976
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vintage Hills Sec 02
County Travis
Zip Code 78723
$/sqft $376/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,232.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249271967
List Date October 14, 2026
Elementary School Winn
Middle School Webb
High School Lyndon B Johnson (Austin ISD)
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
7302 Meadowood Dr
Vintage Hills
$550,000 $341 3 bd / 2 ba 1,613 sqft , 2026-10-16
3308 Rockhurst Ln
Riverbend Sec 3C At University
$550,000 $340 4 bd / 2 ba 1,616 sqft , 2026-10-23
6904 Langston Dr
Riverbend Sec 1 At University Hills
$530,000 $289 3 bd / 3 ba 1,832 sqft , 2026-09-08
7304 Hartnell Dr
University Hills Sec 04 Ph 04
$525,000 $273 4 bd / 2 ba 1,923 sqft , 2026-08-28
6414 Kenilworth Dr
Windsor Park 02 Sec 01
$575,000 $312 4 bd / 3 ba 1,843 sqft , 2026-10-02

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
$2,616/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
$109,000
20% conventional investment loan

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

Estimated Gross Rent+$2,616
Principal + Interest−$2,974
Property Tax (~2.1% TX avg)−$954
Insurance (~0.5%)−$227
Est. Monthly Cash Flow $-1,539

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 October 20, 2026.

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