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USATXAustinCircle S Ridge Sec 01700 Corral Lane
700 Corral Lane, Home with 0 bedrooms, 0 bathrooms and null parking in Austin TX | Image 1
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$1,700,000

700 Corral Lane, Austin, TX

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multiple Parcels
Levels Land
Size -
Garage No
Taxes $6,342
Days Active 126
Lot Size 
Approx. Age 
MLS® Number 3995902

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

2.01+/- acre assemblage of two 1 AC city lots, ideal site for entry level build for sale or build for rent HOME 2 development. Feasibility study by LLVLL Design / Build projects 31 units @ 1650 sqft / ea under the new code for over 51, 000 buildable sqft, or around $35/sqft land cost. Arborist indicates all existing trees can be removed. By leveraging the small site & 1650 sqft min/ unit provision of HOME 2 you can extract over 90% FAR per site based on preliminary site plan. At 31 sites land cost is less than $60, 000 per unit. Two existing homes - one has classic MCM style, the other an older cottage - one or both could be saved / renovated/ flipped to substantially lower the cost basis of the land $/ unit land cost, or leveraged as interim income. Everyone is pitching HOME / HOME 2 on every lot in Austin, but this is exactly what this code was intended to do. Buyers to do all their own due diligence. Properties to be sold together. Contact LA for more information.Show Description
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No Data
Walk Score®
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Transit Score®
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Bike Score®
MLS® Number3995902
Laundry Level
Central VacNo
FireplaceNo
Acreage2.01
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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