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2414 Drew Ln, Austin, TX 78748
$1,800,000
2414 Drew Ln, Austin, TX 78748View this property at 2414 Drew Ln, Austin, TX 78748
2414 Drew LnAustinTX78748
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Property Description
The land development opportunity at 2414 Drew Ln, South Austin presents one of a kind of investment into a shovel-ready project, with options to build and sell, or to build a townhome rental community in a popular neighborhood in Austin. The land is conveniently located, with easy access to highways, parks, and major business areas. The Seller, Fortunate Foundations, is an experienced local builder and is open to the option to construct the development as a contractor for the buyer. The property at 2414 Drew Ln was successfully rezoned from a rural district zoning to SF-3 single family residential zoning in 2021.
The property has been subdivided into 10 individual lots. Civil engineering drawings have been finalized for grading & drainage, driveways and utilities, and water quality & detention ponds. Pending completion of the architectural design of individual homes, this project is ready for the submission of building permit applications.
Full Property Details
Full Property Details for 2414 Drew Ln
General
- Price: $1,800,000
- Taxes: $22,953 (2023)
- Status: Under Contract
- Type: Commercial
- MLS ID: 1653455
- Updated: 3/1/2024
- Added to Site: 305 day(s) ago
Additional Information
- Equipment: None
- Other Features: None
Location
- Area: SWE
- County: Travis
- Subdivision: Drew Lane Add
- Driving Directions: From 35, take West Slaughter St exit, turn left on Riddle, turn left on Old Manchaca, and turn right on Drew Ln.
Utilities
- Utility Description: See Remarks
Structural Information
- Exterior Const.: None
- Square Feet: 1,525
- Current Bldg. Use: Unimproved, See Remarks
- Year Built: 2024
- Property Condition: See Remarks
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 2.402
- Lot Size (Sq. Ft.): 104,631.12
- Lot Size Source: Public Records
Financial Considerations
- Lot Price Per Sq. Ft.: $17.2
- Tax Amount: $22,953.56
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Documents Avail.: Development Plan, Site Plan, Survey, Topography Map
- Restrictions: Deed Restrictions
- Inclusions: Land Only
- Property ID: 4302304240000
Listed by Keller Williams Realty
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Schools
Schools serving 2414 Drew Ln
School District:Austin Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
9800 Curlew Dr, Austin, TX 78748 | PK-5 | 0.5 mi | |
4020 Lost Oasis Holw, Austin, TX 78739 | 6-8 | 2.5 mi | |
10701 S 1st St, Austin, TX 78748 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2414 Drew Ln
Date
Details
Price
Change
Source
8/03/2023
Price Reduced
$1,800,000
-10%
MLS
7/05/2023
Price Reduced
$2,000,000
-20%
MLS
6/29/2023
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2414 Drew Ln
Year
Property Taxes
Change
Tax Assessment
Change
2022
$23,711
—
$1,162,251
-3%
2022
$23,711
314%
$1,200,627
356%
2021
$5,728
-13%
$263,147
-11%
2020
$6,578
4%
$295,420
—
2020
$6,336
-12%
$295,420
-10%
2018
$7,235
10%
$329,379
11%
2016
$6,597
—
$295,798
—
2017
$6,597
8%
$295,798
11%
2015
$6,134
—
$267,141
4%
2014
$6,107
-3%
$256,631
33%
2014
$6,321
—
$193,057
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2414 Drew Ln
2414 Drew Ln, Austin, TX 78748 (MLS# 1653455) is a Commercial property. 2414 Drew Ln is currently listed for $1,800,000 and was received on June 29, 2023. Want to learn more about 2414 Drew Ln? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.