Date
Details
Price
Change
Source
1/09/2026
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/24
$400,000
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Property Description
Prime development opportunity in 78722-value is in the land and location. This .158-acre, level lot offers excellent frontage and mature trees, surrounded by new construction and ongoing revitalization. Tree, topographic, and boundary surveys have been ordered. The existing structure is a complete renovation or tear-down and should be accessed at your own risk; the lot itself is easy to walk. Ideally located just minutes from Downtown Austin and approximately 1.5 miles from Mueller, with convenient access to IH-35, Airport Blvd, and 183. A compelling opportunity for builders, developers, or buyers looking to create a custom home or pursue a redevelopment project in a high-demand East Austin neighborhood with strong resale potential. Endless possibilities in a prime location.
Full Property Details
Full Property Details for 3506 Grayson Ln
General
- Price: $400,000
- Taxes: $11,630 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 1954846
- Updated: 1/9/2026
- Added to Site: 7 day(s) ago
Interior
- Interior Features: See Remarks
- Flooring: See Remarks
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Other Rooms
- Laundry: See Remarks
Additional Information
- Shared Amenities: None
- Security/Safety: None
Exterior
- Exterior Features: Private Yard
- Porch/Patio/Deck: Awning(s), Porch
Parking
- Total Spaces: 2
- Parking Features: Driveway
Location
- Area: 3
- County: Travis
- Subdivision: Giles Place Sec 02
- Driving Directions: From I-35 Go East On 38 1/2 St. Turn Right on Grayson Ln. Property is on the Right.
- Direction Faces: Southeast
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Maplewood
- Middle School: Kealing
- High School: McCallum
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Vertical Siding
- Roof: Composition
- Windows: None
- Stories/Levels: 1
- Square Feet: 1,092
- Sq. Ft. Source: Public Records
- Living Area: 1,092 Sq. Ft.
- Year Built: 1950
- Year Built Source: Public Records
- Property Condition: See Remarks
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.1585
- Lot Size (Sq. Ft.): 6,904.26
- Fence: Yes
- Lot Features: Back Yard, Front Yard, Level
- Fencing (Description): Back Yard, Chain Link, Wood
Financial Considerations
- Assessment Amount: $586,875
- Tax Amount: $11,630.77
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Estate
- Legal Description: LOT 63 OLT 32, 34&35 DIV C GILES PLACE SEC 2
- Disclosures/Reports: None
- Property ID: 2141209210000
- Lot Number: 63
Listed by Compass RE Texas, LLC
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Listing agent
— 3506 Grayson Ln —
Compass RE Texas, LLC
(512) 575-3644
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Schools
Schools serving 3506 Grayson Ln
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Maplewood Elementary School 3808 Maplewood Avenue, Austin, TX 78722 | PK-5 | 0.5 mi |
Kealing Middle School 1607 Pennsylvania Avenue, Austin, TX 78702 | 6-8 | 1.4 mi |
Mccallum High School 5600 Sunshine Drive, Austin, TX 78756 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3506 Grayson Ln
Tax History
Tax History for 3506 Grayson Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,972
—
$586,875
2%
2024
$12,972
247%
$575,035
-11%
2022
$3,740
—
$647,345
-11%
2022
$3,740
-1%
$723,978
68%
2021
$3,788
-57%
$432,032
10%
2020
$8,745
4%
$392,756
10%
2020
$8,424
18%
$357,051
10%
2018
$7,130
19%
$324,592
10%
2016
$5,983
-9%
$295,084
10%
2017
$6,581
18%
$268,258
10%
2015
$5,599
13%
$243,871
10%
2013
$4,964
-9%
$221,701
10%
2014
$5,461
—
$201,546
—
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 3506 Grayson Ln
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- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 5Total Baths
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3506 Grayson Lane, Austin, TX 78722 (MLS# 1954846) is a Single Family property with 3 bedrooms and 1 full bathroom. 3506 Grayson Lane is currently listed for $400,000 and was received on January 09, 2026. Want to learn more about 3506 Grayson Lane? Do you have questions about finding other Single Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.