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$499,000
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Property Description
Step inside this beautifully renovated, FULLY FURNISHED, midcentury modern ranch, where classic charm meets contemporary design. This home features an open, bright, and efficient floor plan that seamlessly connects the kitchen, dining, living areas, and a stunning outdoor oasis. The fully updated kitchen boasts a large butcher block peninsula, perfect for entertaining and overlooking the sunny dining area. Highlights include a farmhouse sink, quartz countertops, shaker-style cabinets, a stylish tile backsplash, soft-close cabinets and drawers, and sleek stainless steel appliances, including a Samsung smart oven. The inviting living room offers a wall of shelving, ideal for displaying your favorite decor or books, and is complemented by durable wood-look flooring and neutral tones throughout, creating a warm and welcoming atmosphere. The spacious bedrooms are flexible, with one offering the potential for a dedicated home office space. The updated bathroom is a serene retreat, featuring a luxurious soaking tub and chic penny tile floors. Outside, you'll fall in love with the private backyard shaded by a majestic pecan tree. Relax on the covered back patio with its tongue-and-groove ceiling, perfect for enjoying Austin's pleasant weather. Located just minutes from downtown and the airport, with walking distance to Cosmic Coffee, Summer Moon, and Crux Climbing, this home offers the best of modern living in one of Austin's most sought-after neighborhoods.
Full Property Details
Full Property Details for 507 Krebs Ln
General
- Price: $499,000
- Taxes: $16,080 (2024)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 2241689
- Updated: 1/9/2026
- Added to Site: 340 day(s) ago
Interior
- Interior Features: Breakfast Bar, Bookcases, French Door(s)/Atrium Door(s), Main Level Primary, No Interior Steps, Quartz Counters
- Fireplace(s): None
- Appliances: Dishwasher, Exhaust Fan, Free-Standing Range, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Self Cleaning Oven, Stainless Steel Appliance(s)
- Flooring: Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Other Rooms
- Laundry: Laundry Room, Washer Hookup
Additional Information
- Shared Amenities: None
- Spa Description: None
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Private Yard, Rain Gutters, See Remarks
- Porch/Patio/Deck: Covered, Patio
Parking
- Carports: Yes
- Total Spaces: 2
- Parking Features: Carport, See Remarks
Location
- Area: 6
- County: Travis
- Subdivision: Williamson Sec 03
- Driving Directions: Hwy 71 (Ben White), north on S. 1st street and first right onto Krebs. Home is on the right.
- Direction Faces: Northeast
School Information
- Elem School District: Austin ISD
- Midd School District: Austin ISD
- High School District: Austin ISD
- Elementary School: Galindo
- Middle School: Lively
- High School: Travis
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available
Structural Information
- Detached/Attached: Detached
- Construction: See Remarks
- Roof: Composition
- Windows: Window Treatments
- Stories/Levels: 1
- Square Feet: 1,025
- Sq. Ft. Source: Public Records
- Living Area: 1,025 Sq. Ft.
- Year Built: 1958
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Additional Structures
- Other Structures: Storage
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.179
- Lot Size (Sq. Ft.): 7,797.24
- Fence: Yes
- Lot Features: Back Yard, City Lot, Interior Lot, Landscaped, Level, Moderate Trees
- Fencing (Description): Fenced, Privacy, Wood
Financial Considerations
- Assessment Amount: $758,313
- Tax Amount: $16,080.33
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Legal Description: LOT 12 WILLIAMSON SUBD SEC 3
- Disclosures/Reports: Exclusions Disclosure, Lead Based Paint Disclosure, Seller Disclosure
- Property ID: 4080404150000
- Lot Number: 12
Listed by Horizon Realty
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Schools
Schools serving 507 Krebs Ln
School District:Austin Independent School District
| Name | Grades | Distance |
|---|---|---|
Galindo Elementary School 3800 South 2nd Street, Austin, TX 78704 | K-5 | 0.3 mi |
Fulmore Middle School 201 East Mary Street, Austin, TX 78704 | 6-8 | 1.5 mi |
Travis High School 1211 East Oltorf Street, Austin, TX 78704 | 9-12 | 1.4 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 507 Krebs Ln
Date
Details
Price
Change
Source
1/09/2026
Price Reduced
$499,000
-4.93%
MLS
11/19/2025
Price Reduced
$524,900
-4.39%
MLS
10/10/2025
Price Reduced
$549,000
-4.36%
MLS
8/18/2025
Price Reduced
$574,000
-4.17%
MLS
5/21/2025
Price Reduced
$599,000
-4.16%
MLS
2/17/2025
Price Reduced
$625,000
-13.79%
MLS
2/11/2025
Listed
$725,000
—
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 507 Krebs Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,028
—
$628,814
-17%
2024
$15,028
2%
$758,313
-17%
2022
$14,681
—
$910,521
22%
2022
$14,681
27%
$743,352
40%
2021
$11,554
54%
$530,813
58%
2020
$7,482
4%
$336,000
—
2020
$7,207
-6%
$336,000
-4%
2018
$7,683
20%
$349,786
5%
2016
$6,418
-14%
$332,500
16%
2017
$7,439
32%
$287,771
17%
2015
$5,655
13%
$246,286
14%
2013
$5,026
—
$215,870
6%
2013
$5,026
—
$204,059
—
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 507 Krebs Ln
507 Krebs Lane, Austin, TX 78704 (MLS# 2241689) is a Single Family property with 3 bedrooms and 1 full bathroom. 507 Krebs Lane is currently listed for $499,000 and was received on February 11, 2025. Want to learn more about 507 Krebs 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.

