Active Listing  ·  36 days on market

7300 Fred Morse Dr

Austin, TX 78723
$400,000
3 Bed 2 Bath 1,650 sqft $242/sqft Built 1969 0.20 acres 2-Car Garage Pool Vintage Hills Sec 02

Discover the opportunity at 7300 Fred Morse Drive, a recently remodeled 3-bedroom, 2-bath home offering approximately 1,650 square feet of comfortable single-story living on a spacious corner lot in Austin's 78723. Whether you're searching for a place to call home or looking for an investment opportunity in one of Austin's established east-side neighborhoods, this property offers a compelling combination of location, updates, lot size, and versatility. Step inside to a bright, refreshed interior featuring LVP flooring, fresh paint, modern lighting, updated windows and doors, contemporary cabinetry, quartz countertops, stainless steel appliances, and beautifully updated bathrooms. The inviting living area features vaulted ceilings and a fireplace, creating a comfortable space to relax or entertain.

Outside, the generous corner lot offers plenty of room to enjoy the outdoors, add landscaping, create an entertaining area, or simply take advantage of the additional space. The attached two-car side loading garage provides convenient parking and storage, while the property's no-HOA setting offers additional flexibility.

This is a bank-owned property. Offered AS-IS. Buyer and buyer's agent to independently verify all property information, measurements, condition, improvements, and suitability for buyer's intended use.

At $242/sqft, this home is 38% 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

7300 Fred Morse Dr, Austin, TX 78723

Property Details

Price $400,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,650 sqft
Lot Size 0.20 acres (8,546.47 sqft)
Year Built 1969
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Vintage Hills Sec 02
County Travis
Zip Code 78723
$/sqft $242/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $10,620.52
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239966332
List Date July 17, 2026
Elementary School Winn
Middle School Pearce Middle
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 →

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 · July 17, 2026 $425,000
Current ask $400,000
Reduced $25,000 (-5.9%) 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
5710 Boulder Crk
Las Cimas Sec 02
$397,500 $357 3 bd / 2 ba 1,112 sqft , 2026-07-22
7209 Gunnison Pass
Las Cimas Sec 01
$395,000 $295 3 bd / 2 ba 1,337 sqft , 2026-07-11
7300 Lazy Creek Dr
Las Cimas Sec 01
$395,000 $317 3 bd / 2 ba 1,246 sqft , 2026-08-06
6101 Adalee Ave
6101 Adalee Ave Condo
$389,000 $295 3 bd / 2 ba 1,317 sqft , 2026-06-18
1704 Shelbourne Dr
Creekside
$420,000 $270 3 bd / 2 ba 1,556 sqft , 2026-02-17

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
$1,920/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
$80,000
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,183
Property Tax (~2.1% TX avg)−$700
Insurance (~0.5%)−$167
Est. Monthly Cash Flow $-1,130

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 →