Active Listing  ·  4 days on market

7102 Fred Morse Dr

Austin, TX 78723
$495,000
4 Bed 3 Bath 2,184 sqft $227/sqft Built 1969 0.21 acres 2-Car Garage Pool Vintage Hills Sec 02

More space. More value. Move-in ready. This 4 bedroom, 2,184 sq ft home in Vintage Hills delivers more square footage, a larger lot, and a 2-car garage at a compelling price per square foot. Recent roof and gutter replacement. Two separate HVAC systems keep each level independently comfortable — a rare feature for two-story homes in this area. Interior freshly painted in neutral tones. Wood flooring and modern easy-clean windows throughout. Gas fireplace. Four oversized bedrooms with walk-in closets. Two living areas and two dining areas make the main level as versatile as it is spacious. Large backyard with covered patio and fire pit. Refrigerator, washer and dryer convey. Engineering reports on foundation from 2018 and May 2026 are included in the Seller's Disclosure — a valuable assurance for buyers in this neighborhood. No HOA. Fiber internet.

Tucked well within the neighborhood away from 183/290 without compromising on convenience — minutes to Mueller's H-E-B, Torchy's Tacos, Alamo Drafthouse, Thinkery, and Sunday farmers' market. Walk or bike the Little Walnut Creek Greenbelt trails. Quick access to Bartholomew Park, downtown Austin, UT Austin, and Austin-Bergstrom Airport via one of the most direct routes in the city.

At $227/sqft, this home is 42% 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

7102 Fred Morse Dr, Austin, TX 78723

Property Details

Price $495,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,184 sqft
Lot Size 0.21 acres (9,043.06 sqft)
Year Built 1969
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vintage Hills Sec 02
County Travis
Zip Code 78723
$/sqft $227/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $12,015.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243519396
List Date August 18, 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.

Schedule a Call →

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
6905 Tulane Dr
Riverbend Sec 03c At University Hills
$499,000 $322 3 bd / 2 ba 1,548 sqft , 2026-07-01
7402 Bucknell Dr
University Hills Sec 04 Ph 03
$499,500 $301 4 bd / 2 ba 1,660 sqft , 2026-02-27
2103 Fordham Cv
University Hills Sec 01
$490,000 $326 4 bd / 2 ba 1,503 sqft , 2026-04-10
7301 Marywood Cir
University Hills Sec 04 Ph 04
$500,000 $186 5 bd / 3 ba 2,690 sqft , 2026-03-06
1708 Raven Dr
Creekside
$500,000 $253 4 bd / 3 ba 1,980 sqft , 2026-06-18

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
$2,376/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
$99,000
20% conventional investment loan

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

Estimated Gross Rent+$2,376
Principal + Interest−$2,701
Property Tax (~2.1% TX avg)−$866
Insurance (~0.5%)−$206
Est. Monthly Cash Flow $-1,397

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 21, 2026.

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