Active Listing  ·  497 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!

MID-CENTURY MODERN | UPDATED | MOVE-IN READY | WELL-MAINTAINED HOME | BACKS TO CREEK | LARGE BACK YARD | TECH CORRIDOR | CLOSE TO DOWNTOWN AUSTIN

At $293/sqft, this home is 25% below the Austin active market average of $390/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 Austin ISD

Austin ISD

Hart · Dobie (Austin ISD) · Northeast Early College

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 · July 3, 2025 $395,000
Previous ask $330,000
Current ask $320,000
▼ Reduced $75,000 (-19.0%) 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
1102 Warrington Dr
Windsor Village
$339,999 $276 3 bd / 2 ba 1,230 sqft , 2026-08-24
203 Cooper Dr
North Lamar Park Sec 03
$294,500 $292 3 bd / 1 ba 1,008 sqft , 2026-10-19
508 Capitol Dr #2
LOAR ADDN A
$355,000 $324 2 bd / 2 ba 1,095 sqft , 2026-06-02
8915 Slayton Dr
North Lamar Park Sec 02
$260,000 $197 3 bd / 2 ba 1,319 sqft , 2026-09-05
9104 Georgian Dr
Georgian Acres
$396,900 $384 2 bd / 3 ba 1,033 sqft , 2025-08-15

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 (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (assumed ~2.1%)−$560
Insurance (assumed ~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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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 · 41 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. The written content was last updated on November 7, 2026.

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

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