Active Listing  ·  176 days on market

7402 Bucknell Dr

Austin, TX 78723
$499,500
4 Bed 2 Bath 1,660 sqft $301/sqft Built 1968 0.26 acres 2-Car Garage Pool University Hills Sec 04 Ph 03

Welcome to 7402 Bucknell Dr, a beautifully updated ranch-style home on a quiet, established street in the heart of University Hills. Situated on an oversized quarter-plus-acre lot, this 4-bedroom, 2-bath home offers space, style, and an unbeatable central Austin location.

Inside, you’ll find high ceilings and an open family room anchored by a wood-burning fireplace. The upgraded kitchen features granite countertops, freshly painted cabinetry, stainless steel appliances, and durable wood flooring that runs throughout the home—no carpet. A dedicated dining area, private office, and laundry/mud room add everyday functionality.

Recent improvements include energy-efficient dual-pane windows, updated bathrooms, full gutters, and epoxy floors in the two-car garage.

Out back, a shaded retreat awaits beneath mature trees. The expansive yard offers room to play, garden, or expand, while the large wooden deck with built-in bench seating creates the perfect setting for entertaining.

With quick access to I-35 and Hwy 183, you’re just minutes to Mueller, Downtown Austin, The Domain, and Austin-Bergstrom International Airport. Central location, generous lot, and thoughtful updates—this University Hills gem checks all the boxes.

At $301/sqft, this home is 23% 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

7402 Bucknell Dr, Austin, TX 78723

Property Details

Price $499,500
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,660 sqft
Lot Size 0.26 acres (11,107.8 sqft)
Year Built 1968
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision University Hills Sec 04 Ph 03
County Travis
Zip Code 78723
$/sqft $301/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $11,066.96
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219752748
List Date February 27, 2026
Elementary School Andrews
Middle School Garcia
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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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 · February 27, 2026 $575,000
Previous ask $515,000
Current ask $499,500
Reduced $75,500 (-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
6905 Tulane Dr
Riverbend Sec 03c At University Hills
$499,000 $322 3 bd / 2 ba 1,548 sqft , 2026-07-01
1708 Raven Dr
Creekside
$500,000 $253 4 bd / 3 ba 1,980 sqft , 2026-06-18
6713 Haney Dr
University Hills Sec 01
$495,000 $399 3 bd / 2 ba 1,242 sqft , 2026-08-05
7102 Fred Morse Dr
Vintage Hills Sec 02
$495,000 $227 4 bd / 3 ba 2,184 sqft , 2026-08-18
2103 Fordham Cv
University Hills Sec 01
$490,000 $326 4 bd / 2 ba 1,503 sqft , 2026-04-10

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
$2,398/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
$99,900
20% conventional investment loan

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

Estimated Gross Rent+$2,398
Principal + Interest−$2,726
Property Tax (~2.1% TX avg)−$874
Insurance (~0.5%)−$208
Est. Monthly Cash Flow $-1,410

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 9, 2026.

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