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1400 Vargas Rd 8770365Edit search
Active Under ContractMLS #8770365

1400 Vargas RD, Austin TX 78741

Austin, TX 78741 · Chernosky 15

Single Family Residence for sale in Chernosky 15

3Bedrooms
1Bathrooms
884Square Ft
0.16Acres
0Garage
1947Year Built
1 / 14
$169,000$249,000

Overview

Property Description

Prime opportunity in the sought-after Riverside area, where this lot can have MULTIPLE STRUCTURES on it. it is just 8 minutes from the airport and under 15 minutes to Downtown Austin, hike and bike trails, and walking distance to IDEA Charter campus, and a Public Elementary School. Surrounded by East Austin’s vibrant eateries, with a mini-Domain area, a new 65,000 s.f. music venue, and approved light rail. The property is sold AS-IS, offering a full rehab and possible multifamily structure opportunity. Please note, the HOME IS INACCESSIBLE due to current property conditions. Lockbox is UNAVAILABLE, and buyers are advised to view through windows only. Buyers are strongly encouraged to conduct due diligence. While the existing structure needs significant repairs, the lot’s location ensures easy access to major highways and city amenities. This distressed property has DO NOT ENTER signs posted on the house. No Realtor FOR SALE SIGNS on property. Ideal for investors looking to redevelop in one of Austin’s fastest-growing neighborhoods. Don’t miss this chance to capitalize on a rare opportunity in a booming area.

Financial Info
Price
$169,000
$ / Sqft
$191
HOA
None
Tax Rate
2.0465%
Est. Taxes
$4,648
Tax Year
2025
Exemptions
None
Legal Info
Address
1400 Vargas RD
County
Travis
City
Austin
State
TX
Zip
78741
Subdivision
Chernosky 15
Legal Description
LOT 6 BLK 7 CHERNOSKY NO 15
Parcel
03081602060000
Interior Features
Floor
Linoleum
Num Living
1
Dining
1
Appliances
Gas Oven
Laundry
Laundry Room
Master Main
Yes
Interior Features
See Remarks, None, Wood Frames
General Info
Beds
3 Total / 3 Main Level
Full / Half Baths
1 / 0
Prop Type
Residential
Property Type
Single Family Residence
Stories
1
Year Built
1947 / See Remarks
Square Feet
884 / Public Records
Garage Desc
Driveway
Foundation
Pillar/Post/Pier
Roof
Composition
Construction
Wood Siding
Acres
0.16
Lot Description
Back Yard, City Lot, Front Yard, Interior Lot, Near Public Transit, Trees-Medium (20 Ft - 40 Ft)
Restrictions
City Restrictions
Flood Plain
No
View
None
Water Access
No
Waterfront
No
Area
9
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
See Remarks, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
Heat
Natural Gas
A C
Central Air
Exterior Features
Fence
Chain Link
Exterior Features
Private Entrance, Private Yard, Front Porch
Pool On Property
No
Area Amenities
Curbs, Underground Utilities

Price history

Members only
Days on market
−$80,000 (−32.1%)
$249,000 → $169,000
3
Price reductions
Active Under Contract
Since Apr 8, 2026
Price trend
List priceApr 2026 → Jul 2026
Property history5 events
DateEventPriceChange
Sep 13, 2026Active Under Contract
Jul 15, 2026Price Decrease$169,000−$30,000 (−15.1%)
May 23, 2026Price Decrease$199,000−$20,000 (−9.1%)
May 7, 2026Price Decrease$219,000−$30,000 (−12%)
Apr 8, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

Schools

School Info
District
Austin ISD
Elementary
Allison
Middle
Martin
High
Eastside Early College

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $169,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$1,383 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $1,383

Principal & interest
$855
Property taxes
$387
Homeowners insurance
$141

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$135,200$1,511$8,744$133,689
2$133,689$1,612$8,642$132,076
3$132,076$1,720$8,534$130,356
4$130,356$1,836$8,419$128,521
5$128,521$1,959$8,296$126,562
6$126,562$2,090$8,165$124,472
7$124,472$2,230$8,025$122,243
8$122,243$2,379$7,876$119,864
9$119,864$2,538$7,716$117,326
10$117,326$2,708$7,546$114,617
  • Year 1$133,689
    Principal paid
    $1,511
    Interest paid
    $8,744
    Starting balance
    $135,200
  • Year 2$132,076
    Principal paid
    $1,612
    Interest paid
    $8,642
    Starting balance
    $133,689
  • Year 3$130,356
    Principal paid
    $1,720
    Interest paid
    $8,534
    Starting balance
    $132,076
  • Year 4$128,521
    Principal paid
    $1,836
    Interest paid
    $8,419
    Starting balance
    $130,356
  • Year 5$126,562
    Principal paid
    $1,959
    Interest paid
    $8,296
    Starting balance
    $128,521
  • Year 6$124,472
    Principal paid
    $2,090
    Interest paid
    $8,165
    Starting balance
    $126,562
  • Year 7$122,243
    Principal paid
    $2,230
    Interest paid
    $8,025
    Starting balance
    $124,472
  • Year 8$119,864
    Principal paid
    $2,379
    Interest paid
    $7,876
    Starting balance
    $122,243
  • Year 9$117,326
    Principal paid
    $2,538
    Interest paid
    $7,716
    Starting balance
    $119,864
  • Year 10$114,617
    Principal paid
    $2,708
    Interest paid
    $7,546
    Starting balance
    $117,326
First 10 of 30 years

Nearby

Courtesy of Keller Williams Realty · (512) 448-4111

Listings courtesy of ACTRIS as distributed by MLS GRID.