About This Home

Great opportunity in the growing Hutto market with lease stability already secured. This 2-story home offers an open floor plan, plenty of natural light, spacious living areas, and a large primary suite with a double vanity in the master bath. Conveniently located near schools, shopping, dining, Hwy 79, Round Rock, Taylor, Dell Diamond, Kalahari, and major Central Texas growth corridors. Buyer to verify all information, lease terms, schools, restrictions, and measurements.

At $143/sqft, this home is 23% below the Hutto active market average of $185/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

704 Mitchell Dr, Hutto, TX 78634

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Property Details

Price $315,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 2,203 sqft

Lot Size 0.20 acres (8,725.07 sqft)

Year Built 2014

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Glenwood Ph 3B

County Williamson

Zip Code 78634

$/sqft $143/sqft

Days on Market ,

HOA $110/Quarterly

Annual Tax Est. $7,379.06

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT228890181

List Date May 5, 2026

Elementary School Ray Elementary

Middle School Farley

High School Hutto

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Hutto 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 · May 5, 2026 $325,000

Current ask $315,000

▼ Reduced $10,000 (-3.1%) 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 Hutto

Comparable Listings Right Now

Homes currently for sale in Hutto 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

1103 Windrow Run
Heritage Mill $318,760 $151 4 bd / 3 ba 2,107 sqft , 2026-05-29

605 Decker Dr
Brushy Creek Meadows Sec 02 $321,500 $139 5 bd / 3 ba 2,316 sqft , 2026-09-07

124 Steven St
Country Estates $308,000 $144 4 bd / 3 ba 2,146 sqft , 2026-05-08

325 Arnage Dr
Cotton Brook $303,000 $145 4 bd / 2 ba 2,084 sqft , 2026-09-22

517 Lagonda Dr
Cotton Brook $329,999 $160 4 bd / 2 ba 2,060 sqft , 2026-08-10

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

$1,512/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

$63,000

20% conventional investment loan

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

Estimated Gross Rent+$1,512

Principal + Interest−$1,719

Property Tax (~2.1% TX avg)−$551

Insurance (~0.5%)−$131

Est. Monthly Cash Flow $-889

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 Hutto, TX

Hutto 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 October 3, 2026.

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

704 Mitchell Dr