6200 Stiles Cv, Austin, TX 78721

$355,000
List Price
$355,000
Status
ACTIVE
MLS#
2817864
Days on Market
31
Lot Size
9,465
Area
Austin - East

Property Description

Exceptional Investment Opportunity in Austin's Thriving 78721 Zip Code! Unlock the full potential of this prime sizable, vacant lot nestled in a peaceful cul-de-sac near the East Boggy Creek Greenbelt and trail system. This lot is well positioned to be able to take advantage of new City of Austin rules allowing up to three units and the shape and size is conducive to take full advantage of that new zoning rules. Boasting a $0 improvements basis, this property is tailor-made for Opportunity Zone (OZ) investors looking to make a significant impact. Strategically positioned to leverage Austin's projected growth, this lot offers the ideal canvas for those seeking to "Substantially Improve" and take advantage of the tax benefits provided by OZ legislation. Whether you're envisioning a transformative residential development or exploring other strategies, the possibilities are endless. Property recently appraised for $355,000 and the full appraisal is attached in the listing documents. Beyond its investment appeal, this lot is a haven for nature enthusiasts, located mere minutes from scenic trails and beloved East Austin hotspots. Enjoy convenient access to freeways, shopping, HEB, Lady Bird Lake, Downtown Austin, UT, Blue Starlight, and the Austin-Bergstrom International Airport. Seize this compelling opportunity to be part of Austin's vibrant future while reaping the rewards of a strategically chosen OZ asset. Your next venture awaits in one of the city's most sought-after neighborhoods! Buyer to verify deed restrictions details.

Additional Information

Taxes
$11,359
Tax Year
2023
Region
Austin - East
View
No View
School District
Austin ISD
Elementary School
Govalle
High School
Eastside Early College
Middle School
Martin
Sewer
Public Sewer
Street Name
Stiles Cv
Street Number
6200
Neighborhood
Johnston Terrace Sec 02
Water
Public
Acres
0.22
County
Travis
Lot Description
City Lot, Cleared, Cul-De-Sac

Mortgage Calculator

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Listing courtesy of Compass RE Texas, LLC. Contact: (512) 575-3644

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