2703 Wheless LN, Austin TX 78723
Austin, TX 78723 · Thomas Eldridge
Single Family Residence for sale in Thomas Eldridge
Overview
Property Description
This almost half acre property is being marketed as a tear down. A new 4" sewer line from the house to the street has been installed in Aug/Sept 2025 for >$30,000 with full permits, which will save on development cost. According to the City of Austin's HOME initiative property code changes, 'small lot single-family residential use' allows for development on lots as small as 1800 ft. The highest and best use of this property might be to subdivide it into two 10,000SF+ lots and build multiple units on each lot, or build multiple units on the whole almost half acre property. There is no tree survey available, but most of the trees are on the periphery of the lot and the center part of the lot which would be the buildable area is clear and flat. There is a lot of new development in this area and it is very desirable due to proximity to Downtown as well as UT Austin.
Financial Info
- Price
- $599,000
- $ / Sqft
- $426
- HOA
- None
- Tax Rate
- 1.98%
- Est. Taxes
- $9,342
- Tax Year
- 2025
- Exemptions
- Homestead
Legal Info
- Address
- 2703 Wheless LN
- County
- Travis
- City
- Austin
- State
- TX
- Zip
- 78723
- Subdivision
- Thomas Eldridge
- Legal Description
- ABS 258 SUR 26 ELDRIDGE T ACR .483
- Parcel
- 02222101130000
Interior Features
- Floor
- Tile
- Num Living
- 1
- Dining
- 1
- Appliances
- See Remarks
- Laundry
- Inside
- Master Main
- Yes
- Interior Features
- See Remarks
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 / Tear Down
- Square Feet
- 1,406 / Public Records
- Garage Desc
- Gravel, Kitchen Level, Open, Outside
- Foundation
- Slab
- Roof
- Shingle
- Construction
- See Remarks
- Acres
- 0.48
- Lot Description
- City Lot, Few Trees, Level
- Restrictions
- See Remarks
- Flood Plain
- No
- View
- None
- Water Access
- No
- Waterfront
- No
- Area
- 3
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
- Heat
- See Remarks
- A C
- Other
Exterior Features
- Fence
- Privacy
- Exterior Features
- See Remarks
- Pool On Property
- No
- Area Amenities
- See Remarks
Rooms
Main level
- Bedroom
This is a tear down, ideal for an investor and developer of multifamily properties.
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Jun 15, 2026 | New Listing | — |
Taxes
Schools
School Info
- District
- Austin ISD
- Elementary
- Blanton
- Middle
- Lamar (Austin ISD)
- High
- Northeast Early College
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$4,307 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $4,307
- Principal & interest
- $3,029
- Property taxes
- $779
- Homeowners insurance
- $499
*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 | $479,200 | $5,356 | $30,990 | $473,844 | |
| 2 | $473,844 | $5,715 | $30,632 | $468,129 | |
| 3 | $468,129 | $6,098 | $30,249 | $462,031 | |
| 4 | $462,031 | $6,506 | $29,840 | $455,525 | |
| 5 | $455,525 | $6,942 | $29,405 | $448,584 | |
| 6 | $448,584 | $7,407 | $28,940 | $441,177 | |
| 7 | $441,177 | $7,903 | $28,444 | $433,275 | |
| 8 | $433,275 | $8,432 | $27,915 | $424,843 | |
| 9 | $424,843 | $8,997 | $27,350 | $415,846 | |
| 10 | $415,846 | $9,599 | $26,747 | $406,247 |
- Year 1$473,844
- Principal paid
- $5,356
- Interest paid
- $30,990
- Starting balance
- $479,200
- Year 2$468,129
- Principal paid
- $5,715
- Interest paid
- $30,632
- Starting balance
- $473,844
- Year 3$462,031
- Principal paid
- $6,098
- Interest paid
- $30,249
- Starting balance
- $468,129
- Year 4$455,525
- Principal paid
- $6,506
- Interest paid
- $29,840
- Starting balance
- $462,031
- Year 5$448,584
- Principal paid
- $6,942
- Interest paid
- $29,405
- Starting balance
- $455,525
- Year 6$441,177
- Principal paid
- $7,407
- Interest paid
- $28,940
- Starting balance
- $448,584
- Year 7$433,275
- Principal paid
- $7,903
- Interest paid
- $28,444
- Starting balance
- $441,177
- Year 8$424,843
- Principal paid
- $8,432
- Interest paid
- $27,915
- Starting balance
- $433,275
- Year 9$415,846
- Principal paid
- $8,997
- Interest paid
- $27,350
- Starting balance
- $424,843
- Year 10$406,247
- Principal paid
- $9,599
- Interest paid
- $26,747
- Starting balance
- $415,846
Nearby
Courtesy of JPAR Austin · (800) 683-5651
Listings courtesy of ACTRIS as distributed by MLS GRID.