Active Listing  ·  397 days on market

914 Hermitage Dr

Austin, TX 78753
$320,000
3 Bed 2 Bath 1,092 sqft $293/sqft Built 1964 0.21 acres 1-Car Garage Pool Heritage Hills Sec 01

Beautifully Updated Mid-Century Home in Prime Location

This charming mid-century gem offers modern updates and unbeatable convenience—just minutes from I-35 and within a 15-minute drive to downtown Austin, Samsung and The Domain. Enjoy an open-concept floorplan with solid wood kitchen cabinetry, granite countertops and a gas stove. Spacious bedrooms provide comfortable living for family or guests while both bathrooms have been tastefully remodeled.. Step outside to a large backyard that backs to Little Walnut Creek, complete with a covered patio and an updated deck—ideal for outdoor gatherings. Heritage Hills has google fiber installed providing high quality internet in the home. Major updates include a new roof and HVAC system in 2022. Welcome Home!

At $293/sqft, this home is 25% 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

914 Hermitage Dr, Austin, TX 78753

Property Details

Price $320,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,092 sqft
Lot Size 0.21 acres (9,108.4 sqft)
Year Built 1964
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Heritage Hills Sec 01
County Travis
Zip Code 78753
$/sqft $293/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,506.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT201309790
List Date July 3, 2025
Elementary School Hart
Middle School Dobie (Austin ISD)
High School Northeast Early College
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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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
2918 Ranch Road 620 None N #L-173
Villas On Travis Condo Amd
$320,000 $276 2 bd / 2 ba 1,161 sqft , 2025-06-10
5609 Gloucester Ln
Windsor Park Hills Sec 01
$320,000 $241 3 bd / 1 ba 1,329 sqft , 2026-03-26
10606 N Platt River Dr
Texas Oaks Sec 09
$320,000 $247 3 bd / 3 ba 1,293 sqft , 2026-05-21
6010 Waycross Dr
Flournoys Sweetbriar Sec 08
$320,000 $321 3 bd / 1 ba 996 sqft , 2026-06-12
11609 Domenico Cv
Cloverleaf
$320,000 $242 2 bd / 2 ba 1,320 sqft , 2026-07-03

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
$1,536/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
$64,000
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (~2.1% TX avg)−$560
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-903

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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