1807 W 38th ST, Austin TX 78731
Austin, TX 78731 · Oakmont Heights
Single Family Residence for sale in Oakmont Heights
Overview
Property Description
Amazing opportunity in a prime Central Austin location directly across from The Grove. This large, flat lot with rear alley access is ideal for a new custom home or a complete renovation. The property is being sold as-is, with the value primarily in the land. There are two structures on the property: a 2-bedroom, 1-bath main house and a nice efficiency unit at the rear. Both structures are solid but require a complete renovation. The property previously generated $3,350 per month in rental income in its current condition; however, the former tenants left it in poor condition. The highest and best use may be a teardown for new construction, although buyers looking for a major renovation project will also appreciate the property's potential. Its exceptional location directly across from The Grove places shopping, dining, parks, and entertainment just steps away, making this a rare redevelopment opportunity in one of Central Austin's most desirable areas.
Financial Info
- Price
- $750,000
- $ / Sqft
- $646
- HOA
- None
- Tax Rate
- 2.0465%
- Est. Taxes
- $12,713
- Tax Year
- 2026
- Exemptions
- None
Legal Info
- Address
- 1807 W 38th ST
- County
- Travis
- City
- Austin
- State
- TX
- Zip
- 78731
- Subdivision
- Oakmont Heights
- Legal Description
- Lot 21 Blk 5 Oakmont Heights
- Parcel
- 01220003070000
Interior Features
- Floor
- Concrete, Laminate, Wood
- Num Living
- 2
- Dining
- 1
- Appliances
- Gas Range, Free-Standing Range, Refrigerator, Gas Water Heater
- Laundry
- In Carport, Laundry Closet
- Master Main
- Yes
- Fireplace Description
- None
- Interior Features
- None, Window Treatments
General Info
- Beds
- 3 Total / 3 Main Level
- Full / Half Baths
- 2 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 1950 / See Remarks
- Square Feet
- 1,161 / Owner
- Garage Desc
- Assigned, Gravel, Off Street, Reserved
- Foundation
- Slab
- Roof
- Composition
- Construction
- Brick Veneer, Masonry – All Sides
- Acres
- 0.16
- Lot Description
- Level, Trees-Large (Over 40 Ft), Many Trees
- Restrictions
- City Restrictions, Deed Restrictions, Development Type
- Flood Plain
- No
- View
- None
- Water Access
- No
- Waterfront
- No
- Area
- 4
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- See Remarks, Electricity Available, Natural Gas Connected, Water Connected
- Heat
- Central, Natural Gas
- A C
- Ceiling Fan(s), Central Air
Exterior Features
- Fence
- Chain Link, Fenced
- Exterior Features
- Private Yard, None
- Pool On Property
- No
- Area Amenities
- None
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 22, 2026 | Price Decrease | $750,000−$85,000 (−10.2%) | −$85,000 (−10.2%) |
| Aug 7, 2026 | New Listing | — |
Taxes
Schools
School Info
- District
- Austin ISD
- Elementary
- Bryker Woods
- Middle
- O Henry
- High
- Austin
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$5,476 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $5,476
- Principal & interest
- $3,792
- Property taxes
- $1,059
- Homeowners insurance
- $625
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $600,000 | $6,706 | $38,803 | $593,294 | |
| 2 | $593,294 | $7,155 | $38,353 | $586,138 | |
| 3 | $586,138 | $7,635 | $37,874 | $578,503 | |
| 4 | $578,503 | $8,146 | $37,363 | $570,357 | |
| 5 | $570,357 | $8,692 | $36,817 | $561,666 | |
| 6 | $561,666 | $9,274 | $36,235 | $552,392 | |
| 7 | $552,392 | $9,895 | $35,614 | $542,497 | |
| 8 | $542,497 | $10,557 | $34,951 | $531,940 | |
| 9 | $531,940 | $11,264 | $34,244 | $520,676 | |
| 10 | $520,676 | $12,019 | $33,490 | $508,657 |
- Year 1$593,294
- Principal paid
- $6,706
- Interest paid
- $38,803
- Starting balance
- $600,000
- Year 2$586,138
- Principal paid
- $7,155
- Interest paid
- $38,353
- Starting balance
- $593,294
- Year 3$578,503
- Principal paid
- $7,635
- Interest paid
- $37,874
- Starting balance
- $586,138
- Year 4$570,357
- Principal paid
- $8,146
- Interest paid
- $37,363
- Starting balance
- $578,503
- Year 5$561,666
- Principal paid
- $8,692
- Interest paid
- $36,817
- Starting balance
- $570,357
- Year 6$552,392
- Principal paid
- $9,274
- Interest paid
- $36,235
- Starting balance
- $561,666
- Year 7$542,497
- Principal paid
- $9,895
- Interest paid
- $35,614
- Starting balance
- $552,392
- Year 8$531,940
- Principal paid
- $10,557
- Interest paid
- $34,951
- Starting balance
- $542,497
- Year 9$520,676
- Principal paid
- $11,264
- Interest paid
- $34,244
- Starting balance
- $531,940
- Year 10$508,657
- Principal paid
- $12,019
- Interest paid
- $33,490
- Starting balance
- $520,676
Nearby
Courtesy of Keller Williams Realty · (512) 448-4111
Listings courtesy of ACTRIS as distributed by MLS GRID.