One of a kind remodel opportunity for sale for the first time in over a decade in central east Austin / Swede Hill area, less than one mile from downtown, the Capitol, and UT. The new owner can build an ultra unique home featuring a historic structure (the Giese-Stark Store built around 1920). Due to the placement of this historic structure, the new owner can have about 500 SF of covered patio and 1,277 SF of house in the property setback and public ROW. This results in a larger backyard than would otherwise be permitted on this lot. The total home size can be approximately 4500 SF (per architect and approved plans), leaving approximately 7000 SF of well placed outdoor entertainment and living areas. Possible DT views.

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Summary of Key Features:

 

• 11,400 SF corner lot, about $135 PSF which compares to MLS closings.

• 2,484 SF existing structure that is partially rebuilt.

• Approximately 1,418 SF of the structure is historic and must be retained.  This structure is very interesting, cool and unique. 

• Approximately 1,277 SF of the historic structure is outside the property's building setback, giving the house the unique feature of dramatically increasing the size of the backyard/private outdoor space available for the home.  

• Approximately 4500 SF of home w/ 7000 SF of outdoor space can be achieved on this lot.  

• The approximately 500 SF of historic covered porch is public right of way, giving the home the ultra unique feature of having living/entry right up to the street.  

• 4,234 SF home plan previously approved by the City of Austin.

• Possible city views.

• There is a good amount of value in existing structures including foundation, walls, roof, framing, and other elements.  If the existing structure is worth PSF, then there would be approximately $250,000 savings.