About This Home

LOCATION, LOCATION, LOCATION - Near all the New Shopping, Eating and Night Life In and Around South East Austin. This 2 Story Home has been Well Taken Care of. AC and Ducting replaced. Roof Replaced, Solar Panels. Windows by Pella. Just Move in and Live The Good Life. Nice, Quite, Clean Neighborhood. This Won't Last Long. You Have to come see it.

At $181/sqft, this home is 54% 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

7504 Redrick Dr, Austin, TX 78747

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Property Details

Price $315,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,736 sqft

Lot Size 0.13 acres (5,745.56 sqft)

Year Built 2001

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Springfield Ph B Sec 02

County Travis

Zip Code 78747

$/sqft $181/sqft

Days on Market ,

HOA $250/Annually

Annual Tax Est. $6,544.17

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT225663795

List Date April 16, 2026

Elementary School Palm

Middle School Paredes

High School Akins

School District ,

Have Questions About This Property?

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 · April 16, 2026 $325,000

Previous ask $320,000

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 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

6807 Trendal Ln
South Creek South Sec 02 Amd $315,000 $208 4 bd / 2 ba 1,516 sqft , 2025-05-02

11221 Kirkland Hill Path
Thornbury Ii Sec 4 $315,000 $235 3 bd / 2 ba 1,342 sqft , 2026-04-10

2632 Century Park Blvd #72
Century Park Condo $315,000 $205 2 bd / 3 ba 1,540 sqft , 2026-04-11

7915 Mellencamp Dr
Easton Park $315,000 $219 2 bd / 2 ba 1,437 sqft , 2026-04-24

6824 Derby Downs Dr
Sheldon 230 Sec 02 Ph 02 $315,000 $152 3 bd / 3 ba 2,068 sqft , 2026-04-06

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 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

7504 Redrick Dr