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ActiveMLS #5048628

2407 Lancaster DR, Austin TX 78748

Austin, TX 78748 · Castlewood Forest Sec 07

Single Family Residence for sale in Castlewood Forest Sec 07

3Bedrooms
2Bathrooms
1,980Square Ft
0.33Acres
2Garage
1973Year Built
New
1 / 2
$515,000

Overview

Property Description

PROFESSIONAL PHOTOS SCHEDULED, 11/9 **Great bones, endless potential, and a convenient South Austin location!** This 3-bedroom, 2-bath home offers 1,980 square feet of living space with two dining areas and a functional floor plan ready for your personal touch. Lovingly maintained in its original condition, this home is the perfect opportunity for buyers looking to update and make it their own. Major bonus: the roof was replaced in 2023! With no HOA and easy access to shopping, dining, entertainment, and major roadways, this property offers a fantastic opportunity to create something special in an established South Austin neighborhood. Bring your vision and make it yours!

Financial Info
Price
$515,000
$ / Sqft
$260
HOA
None
Tax Rate
2.12%
Est. Taxes
$12,048
Tax Year
2026
Exemptions
Homestead
Legal Info
Address
2407 Lancaster DR
County
Travis
City
Austin
State
TX
Zip
78748
Subdivision
Castlewood Forest Sec 07
Legal Description
LOT 4 BLK H CASTLEWOOD FOREST SEC 7
Parcel
04262108040000
Interior Features
Floor
Carpet, Linoleum, Tile
Num Living
2
Dining
2
Kitchen
Breakfast Bar
Appliances
Built-In Electric Range, Built-In Oven(s), Dishwasher, Exhaust Fan, RNGHD, Refrigerator, Washer/Dryer
Laundry
Laundry Room
Master Bed
Primary Bedroom on Main
Master Main
Yes
Fireplaces
1
Fireplace Description
Family Room
Interior Features
Bookcases, Breakfast Bar, Ceiling Fan(s), Electric Dryer Hookup, Multiple Dining Areas, Multiple Living Areas, Primary Bedroom on Main, Washer Hookup, Closed Circuit Camera(s), See Remarks
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
1973 / Resale
Square Feet
1,980 / Public Records
Garages
2
Garage Desc
Driveway, Garage, Garage Door Opener
Foundation
Slab
Roof
Shingle
Construction
Brick, Masonry – Partial
Acres
0.33
Lot Description
Back Yard, Native Plants, Trees-Heavy, Trees-Large (Over 40 Ft), Many Trees
Restrictions
None
Flood Plain
No
View
See Remarks
Water Access
No
Waterfront
No
Area
10S
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Underground Utilities
Heat
Central
A C
Ceiling Fan(s), Central Air
Exterior Features
Fence
Back Yard, Chain Link
Exterior Features
See Remarks
Pool On Property
No
Area Amenities
None

Price history

Days on market
$515,000
List price
0
Price reductions
Active
Since Nov 6, 2026
Property history1 event
DateEventPriceChange
Nov 6, 2026New Listing

Taxes

2026 Estimated Property Taxes

TCAD account 342086

Uses rates from the supplied 2026 TCAD package. The file does not identify adopted or proposed status.

2026 taxing entities, rates per $100, taxable values and estimated taxes
Taxing EntityRate per $100Taxable ValueEstimated Tax
AUSTIN COMM COLL DIST0.103400$582,746$602.56
AUSTIN ISD0.925200$448,632$4,150.74
CITY OF AUSTIN0.524017$470,906$2,467.63
TRAVIS COUNTY0.375845$470,906$1,769.88
TRAVIS COUNTY HEALTHCARE DISTRICT0.118023$470,906$555.78
Ordinary property tax estimate2.046485$9,546.59

Informational estimate, not a tax bill or taxes paid. Exemptions and tax ceilings can make taxes differ from the combined rate multiplied by one taxable value. PID assessments and other special charges are excluded; collector coverage has not been established.

Source: Travis County

Historical Tax Summary

Annual taxes billed are the Tax Imposed amounts reported in the latest available Travis Tax Office statement. Exemptions and tax ceilings may prevent combined rate × taxable value from equaling the billed amount. Other collectors or assessments may not be included.

YearAppraised ValueCombined Rate per $100Annual Taxes Billed
2025—2.046485$9,922.30
2024—1.981814$8,986.65
2023—1.809247$7,385.22
2022—1.974923$7,828.16
2021—2.176679$7,943.38
2020—2.226665$7,571.09

Source: Travis County

Combined rates exclude PID placeholder rates. Historical amounts reflect the statement’s snapshot and may change after later corrections; they do not describe payment status. Appraisal values come from the legacy CAD source.

Schools

School Info
District
Austin ISD
Elementary
Cowan
Middle
Bailey
High
Akins

Maps

Financing

Your preferences

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

Saved on this device

List price $515,000
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

$4,037 / mo

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

Estimated monthly payment $4,037

Principal & interest
$2,604
Property taxes
$1,004
Homeowners insurance
$429

*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$412,000$4,605$26,644$407,395
2$407,395$4,913$26,336$402,482
3$402,482$5,242$26,007$397,239
4$397,239$5,594$25,656$391,645
5$391,645$5,968$25,281$385,677
6$385,677$6,368$24,882$379,309
7$379,309$6,794$24,455$372,515
8$372,515$7,249$24,000$365,266
9$365,266$7,735$23,515$357,531
10$357,531$8,253$22,996$349,278
  • Year 1$407,395
    Principal paid
    $4,605
    Interest paid
    $26,644
    Starting balance
    $412,000
  • Year 2$402,482
    Principal paid
    $4,913
    Interest paid
    $26,336
    Starting balance
    $407,395
  • Year 3$397,239
    Principal paid
    $5,242
    Interest paid
    $26,007
    Starting balance
    $402,482
  • Year 4$391,645
    Principal paid
    $5,594
    Interest paid
    $25,656
    Starting balance
    $397,239
  • Year 5$385,677
    Principal paid
    $5,968
    Interest paid
    $25,281
    Starting balance
    $391,645
  • Year 6$379,309
    Principal paid
    $6,368
    Interest paid
    $24,882
    Starting balance
    $385,677
  • Year 7$372,515
    Principal paid
    $6,794
    Interest paid
    $24,455
    Starting balance
    $379,309
  • Year 8$365,266
    Principal paid
    $7,249
    Interest paid
    $24,000
    Starting balance
    $372,515
  • Year 9$357,531
    Principal paid
    $7,735
    Interest paid
    $23,515
    Starting balance
    $365,266
  • Year 10$349,278
    Principal paid
    $8,253
    Interest paid
    $22,996
    Starting balance
    $357,531
First 10 of 30 years

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Courtesy of Compass RE Texas, LLC · (512) 575-3644

Listings courtesy of ACTRIS as distributed by MLS GRID.