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ActiveMLS #2420504

5503 Basswood LN, Austin TX 78723

Austin, TX 78723 · Preswyck Hills Sec 04

Single Family Residence for sale in Preswyck Hills Sec 04

3Bedrooms
2Bathrooms
1,415Square Ft
0.36Acres
2Garage
1967Year Built
Price Reduced
1 / 37
$415,000$475,000
3D tour

Overview

Property Description

Welcome to 5503 Basswood Lane — a charming East Austin home offering the perfect mix of character, comfort, and convenience in one of Austin’s most rapidly growing areas. This thoughtfully designed 3-bedroom, 2-bath home features an open and functional layout with abundant natural light and inviting living spaces throughout. The kitchen flows seamlessly into the main living and dining areas, creating an ideal setup for entertaining, relaxing evenings at home, or everyday living. Spacious bedrooms provide comfortable retreats, while the primary suite offers privacy and a well-appointed ensuite bath. Step outside to enjoy the generously sized yard with a brand new fence and plenty of space for pets, gardening, entertaining, or simply enjoying Austin evenings under the trees. Located just minutes from Mueller, Downtown Austin, major employers, local restaurants, coffee shops, and parks, this home delivers both accessibility and neighborhood charm. Whether you're looking for your next primary residence or an investment opportunity, 5503 Basswood offers the lifestyle and location buyers are searching for. Special Financing Available! Ask about our preferred lending partner, SouthStar Bank, and its H.O.P.E. Home Loan Program. This property is located in a designated H.O.P.E. area, and qualified buyers may be eligible for a 6.99% fixed-rate, 30-year loan with no origination or processing fees, no private mortgage insurance, and as little as approximately 5% down for this home due to the program's $450,000 maximum loan amount. Household income must not exceed $266,000 per year, and buyer and property qualification requirements apply. Contact the listing agent for more information or to be connected with the preferred loan officer.

Financial Info
Price
$415,000
$ / Sqft
$293
HOA
None
Tax Rate
2.05%
Est. Taxes
$9,805.93
Tax Year
2025
Exemptions
None
Legal Info
Address
5503 Basswood LN
County
Travis
City
Austin
State
TX
Zip
78723
Subdivision
Preswyck Hills Sec 04
Legal Description
LOT 6 BLK L PRESWYCK HILLS SEC 4
Parcel
02172214060000
Interior Features
Floor
Tile
Num Living
1
Dining
1
Kitchen
Kitchen Island, Pantry
Appliances
Built-In Oven(s), Dishwasher, Disposal, Gas Cooktop, Gas Range, Refrigerator, Gas Water Heater
Laundry
In Garage, Laundry Room
Master Bed
Primary Bedroom on Main, Walk-In Closet(s)
Master Main
Yes
Fireplaces
1
Fireplace Description
Living Room
Interior Features
Vaulted Ceiling(s), Quartz Counters, French Doors, Kitchen Island, Pantry, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s), Prewired, Blinds
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
1967 / Updated/Remodeled
Square Feet
1,415 / Public Records
Garages
2
Garage Desc
Attached
Foundation
Slab
Roof
Composition
Construction
Frame
Acres
0.36
Lot Description
Trees-Large (Over 40 Ft), Xeriscape
Restrictions
None
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, Water Connected
Heat
Central
A C
Central Air
Exterior Features
Fence
Fenced, Privacy, Wood
Exterior Features
Private Yard, Covered, Patio, Porch
Pool On Property
No
Area Amenities
Golf, Park, Playground, Sidewalks, Sport Court(s)/Facility

Price history

Members only
Days on market
−$60,000 (−12.6%)
$475,000 → $415,000
4
Price reductions
Active
Since May 16, 2026
Price trend
List priceMay 2026Sep 2026
Property history7 events
DateEventPriceChange
Sep 16, 2026Price Decrease$415,000−$4,000 (−1%)
Sep 10, 2026Price Decrease$419,000−$1,000 (−0.2%)
Aug 13, 2026Price Decrease$420,000−$30,000 (−6.7%)
Jul 20, 2026Back On Market
Jul 17, 2026Hold
Jun 28, 2026Price Decrease$450,000−$25,000 (−5.3%)
May 16, 2026New Listing

Taxes

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

Schools

School Info
District
Austin ISD
Elementary
Pecan Springs
Middle
Pearce Middle
High
Northeast Early College

Maps

Financing

Your preferences

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

Saved on this device

List price $415,000
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

$3,261 / mo

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

Estimated monthly payment $3,261

Principal & interest
$2,098
Property taxes
$817
Homeowners insurance
$346

*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$332,000$3,711$21,471$328,289
2$328,289$3,959$21,222$324,330
3$324,330$4,225$20,957$320,105
4$320,105$4,507$20,674$315,598
5$315,598$4,809$20,372$310,788
6$310,788$5,131$20,050$305,657
7$305,657$5,475$19,707$300,182
8$300,182$5,842$19,340$294,340
9$294,340$6,233$18,949$288,107
10$288,107$6,650$18,531$281,457
  • Year 1$328,289
    Principal paid
    $3,711
    Interest paid
    $21,471
    Starting balance
    $332,000
  • Year 2$324,330
    Principal paid
    $3,959
    Interest paid
    $21,222
    Starting balance
    $328,289
  • Year 3$320,105
    Principal paid
    $4,225
    Interest paid
    $20,957
    Starting balance
    $324,330
  • Year 4$315,598
    Principal paid
    $4,507
    Interest paid
    $20,674
    Starting balance
    $320,105
  • Year 5$310,788
    Principal paid
    $4,809
    Interest paid
    $20,372
    Starting balance
    $315,598
  • Year 6$305,657
    Principal paid
    $5,131
    Interest paid
    $20,050
    Starting balance
    $310,788
  • Year 7$300,182
    Principal paid
    $5,475
    Interest paid
    $19,707
    Starting balance
    $305,657
  • Year 8$294,340
    Principal paid
    $5,842
    Interest paid
    $19,340
    Starting balance
    $300,182
  • Year 9$288,107
    Principal paid
    $6,233
    Interest paid
    $18,949
    Starting balance
    $294,340
  • Year 10$281,457
    Principal paid
    $6,650
    Interest paid
    $18,531
    Starting balance
    $288,107
First 10 of 30 years

Nearby

Courtesy of Hendricks Real Estate · (512) 201-4350

Listings courtesy of ACTRIS as distributed by MLS GRID.