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4501 Gillis St 6678424Edit search
ActiveMLS #6678424

4501 Gillis ST, Austin TX 78745

Austin, TX 78745 · Forest Oaks

Single Family Residence for sale in Forest Oaks

3Bedrooms
1Bathrooms
944Square Ft
0.35Acres
0Garage
1953Year Built
Back on Market
$400,000

Overview

Property Description

Incredible infill opportunity in one of Austin's hottest up-and-coming neighborhoods! This 7,487 SF lot (zoned SF-3) comes with an existing 944 SF home — live in it, rent it, or scrape it and build new. Either way, you're sitting on a build-ready asset at a discount. No significant tree or topography issues, and utilities are available at the street, making this a clean, low-friction project for builders and developers ready to put a shovel in the ground. The lot next door at 1321 Redd St (MLS# 6678424) is listed separately at $350,000 — but purchase both and you're working with over 15,000 SF of contiguous SF-3 land in a corridor that Austin clearly has its eye on. Combined pricing is available — call for details. Location couldn't be more dialed in for end buyers. You're minutes from downtown Austin, Austin-Bergstrom International Airport, Gold's Gym, grocery stores, and a thriving local restaurant scene — the kind of walkable, connected lifestyle that commands top dollar when you go to sell.

Financial Info
Price
$400,000
$ / Sqft
$424
HOA
None
Tax Rate
2.6754%
Est. Taxes
$9,209
Tax Year
2025
Exemptions
None
Legal Info
Address
4501 Gillis ST
County
Travis
City
Austin
State
TX
Zip
78745
Subdivision
Forest Oaks
Legal Description
LOT 1 BLK B FOREST OAKS
Parcel
04101210080000
Interior Features
Floor
Carpet
Num Living
1
Dining
1
Appliances
Oven, Range
Master Bed
Primary Bedroom on Main
Master Main
Yes
Interior Features
See Remarks, Primary Bedroom on Main, None
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
1953 / Resale
Square Feet
944 / Public Records
Garage Desc
Carport
Foundation
Pillar/Post/Pier
Roof
Composition
Construction
See Remarks
Acres
0.35
Lot Description
Back Yard, Front Yard, Public Maintained Road
Restrictions
None
Flood Plain
No
View
None
Water Access
No
Waterfront
No
Area
10N
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Electricity Available, Natural Gas Available
Heat
Central
A C
Central Air
Exterior Features
Fence
Chain Link
Exterior Features
Private Yard, None
Pool On Property
No
Area Amenities
None

Price history

Members only
Days on market
$400,000
List price
0
Price reductions
Active
Since Apr 28, 2026
Property history3 events
DateEventPriceChange
Jul 23, 2026Back On Market
Jul 8, 2026Active Under Contract
May 22, 2026New Listing

Taxes

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

Schools

School Info
District
Austin ISD
Elementary
Joslin
Middle
Covington
High
Crockett

Maps

Financing

Your preferences

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

Saved on this device

List price $400,000
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

$3,123 / mo

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

Estimated monthly payment $3,123

Principal & interest
$2,023
Property taxes
$767
Homeowners insurance
$333

*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$320,000$3,577$20,695$316,423
2$316,423$3,816$20,455$312,607
3$312,607$4,072$20,200$308,535
4$308,535$4,345$19,927$304,191
5$304,191$4,636$19,636$299,555
6$299,555$4,946$19,325$294,609
7$294,609$5,277$18,994$289,332
8$289,332$5,631$18,641$283,701
9$283,701$6,008$18,264$277,694
10$277,694$6,410$17,861$271,284
  • Year 1$316,423
    Principal paid
    $3,577
    Interest paid
    $20,695
    Starting balance
    $320,000
  • Year 2$312,607
    Principal paid
    $3,816
    Interest paid
    $20,455
    Starting balance
    $316,423
  • Year 3$308,535
    Principal paid
    $4,072
    Interest paid
    $20,200
    Starting balance
    $312,607
  • Year 4$304,191
    Principal paid
    $4,345
    Interest paid
    $19,927
    Starting balance
    $308,535
  • Year 5$299,555
    Principal paid
    $4,636
    Interest paid
    $19,636
    Starting balance
    $304,191
  • Year 6$294,609
    Principal paid
    $4,946
    Interest paid
    $19,325
    Starting balance
    $299,555
  • Year 7$289,332
    Principal paid
    $5,277
    Interest paid
    $18,994
    Starting balance
    $294,609
  • Year 8$283,701
    Principal paid
    $5,631
    Interest paid
    $18,641
    Starting balance
    $289,332
  • Year 9$277,694
    Principal paid
    $6,008
    Interest paid
    $18,264
    Starting balance
    $283,701
  • Year 10$271,284
    Principal paid
    $6,410
    Interest paid
    $17,861
    Starting balance
    $277,694
First 10 of 30 years

Nearby

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

Listings courtesy of ACTRIS as distributed by MLS GRID.