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The property spans a spacious lot with three key components: (1) Newly Renovated 926 sq ft ADU (Front Unit): Fully gutted and rebuilt to the studs in 2025, featuring new HVAC, plumbing, electrical, insulation, and high-end finishes including E-STAR appliances, quartz countertops, and luxury vinyl plank flooring. This 2-bedroom, 2-bath unit holds a fresh Certificate of Occupancy issued November 4, 2025, and is grandfathered for compliant use. Current comparable rentals in Banister Acres (e.g., 2BD/1BA at $1,900/mo; 3BD/3BA at $2,375/mo) support a conservative monthly rent of $2,400. (2) Newly Renovated 240 sq ft Tiny Home (Rear Unit): Similarly updated with modern systems and finishes, this efficient studio-style space is also grandfathered and compliant. Market data for similar tiny homes in Austin (e.g., 200-300 sq ft units at $949-1,200/mo) justifies a conservative rent of $1,200/mo. (3) Raw Land for Development: The rear portion of the lot is shovel-ready for a new primary residence of at least 2,333 sq ft, with all utilities in place and no major tree removal required. A preliminary conceptual draft site plan plan (available in MLS docs) outlines a 4BD/3BA single-family home or potential duplex. Comparable rentals in 78745 (e.g., 2,003 sq ft 3BD/3BA at $3,850/mo; 1,692 sq ft at $3,550/mo) indicate a conservative rent of $4,200/mo. Note the property next door immediately to the north (4307 Hank) sold for $1,599,900 on June 23, 2025. Investment Analysis (6%+ Cap Rate Calculation): - Assuming development of the 2,333 sq ft home (estimated build cost: $300/sq ft or ~$700,000 based on 2025 Austin averages), total gross annual income from the three units reaches $92,400 ($7,700/mo). - Deduct conservative operating expenses of $20,000/year (including $10,255 taxes, insurance, and maintenance). Resulting NOI: $72,400. - At the $1,194,900 purchase price (pre-build), this projects a post-development cap rate of 6.2% on total investment of ~$1,894,900.
| LAST UPDATED | 11/5/2025 | TRACT | Banister |
|---|---|---|---|
| YEAR BUILT | 1951 | COMMUNITY | Banister |
| GARAGE SPACES | 1.0 | COUNTY | Travis |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | St Elmo |
|---|---|
| Jr. High School | Bedichek |
| High School | Travis |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air, Electric, ENERGY STAR Qualified Equipment, Multi Units |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In Gas Oven, Built-In Gas Range, Built-In Range, Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater, Exhaust Fan, Free-Standing Gas Oven, Gas Range, Instant Hot Water, Microwave, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Wash |
| AREA | 10N |
| CONSTRUCTION | Board & Batten Siding, Cement Siding, Metal Siding, Radiant Barrier, Spray Foam Insulation, Wood Sid |
| EXTERIOR | Barbecue, Dog Run, Garden, Gas Grill, Lighting, Outdoor Grill, Permeable Paving, Private Entrance, Private Yard, Uncovered Courtyard |
| GARAGE | Yes |
| HEAT | Central, ENERGY STAR Qualified Equipment, Exhaust Fan, Natural Gas, Radian, Radiant, Radiant Ceiling |
| INTERIOR | Bar, Built-in Features, Ceiling Fan(s), High Speed Internet, Master Downstairs, Open Floorplan, Recessed Lighting, Smart Home, Smart Thermostat, Sound System, Storage, Walk-In Closet(s), Wired for Data, Wired for Sound |
| LOT | 8712 sq ft |
| LOT DESCRIPTION | Back Yard, Cleared, Few Trees, Front Yard, Landscaped, Near Public Transit, Open Lot, Private, Split Possible, Views |
| LOT DIMENSIONS | 50 x 172 |
| PARKING | See Remarks, Additional Parking, Common, Covered, Detached Carport, Gated, Private, Shared Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Other |
| SUBDIVISION | Banister |
| TAXES | 10556 |
| UTILITIES | Underground Utilities, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Skyline |
| WATER | Public |
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Property listed by James Haecker, James R. Haecker
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 11/5/25 2:02 PM PST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.