Prime opportunity in the sought-after Riverside area, where this lot can have MULTIPLE STRUCTURES on it. it is just 8 minutes from the airport and under 15 minutes to Downtown Austin, hike and bike trails, and walking distance to IDEA Charter campus, and a Public Elementary School. Surrounded by East Austin’s vibrant eateries, with a mini-Domain area, a new 65,000 s.f. music venue, and approved light rail. The property is sold AS-IS, offering a full rehab and possible multifamily structure opportunity. Please note, the HOME IS INACCESSIBLE due to current property conditions. Lockbox is UNAVAILABLE, and buyers are advised to view through windows only. Buyers are strongly encouraged to conduct due diligence. While the existing structure needs significant repairs, the lot’s location ensures easy access to major highways and city amenities. This distressed property has DO NOT ENTER signs posted on the house. No Realtor FOR SALE SIGNS on property. Ideal for investors looking to redevelop in one of Austin’s fastest-growing neighborhoods. Don’t miss this chance to capitalize on a rare opportunity in a booming area.
Active
$249,000
1400 Vargas Rd, Austin, TX 78741
3beds
884sqft
Est.:
Single Family Residence
Built in 1947
7,030.58 Square Feet Lot
$-- Zestimate®
$282/sqft
$-- HOA
What's special
- 3 days |
- 162 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: April 09, 2026 at 02:02am
Listed by:
Kathy Almaraz (512) 766-8071,
Keller Williams Realty (512) 448-4111
Source: Unlock MLS,MLS#: 8770365
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 3
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Oven
Features
- See Remarks
- Flooring: Linoleum
- Windows: Wood Frames
Interior area
- Total interior livable area: 884 sqft
Property
Parking
- Parking features: Driveway
Accessibility
- Accessibility features: Accessible Approach with Ramp
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Exterior features: Private Entrance, Private Yard
- Pool features: None
- Fencing: Chain Link
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 7,030.58 Square Feet
- Features: Back Yard, City Lot, Front Yard, Interior Lot, Near Public Transit, Trees-Medium (20 Ft - 40 Ft)
Details
- Additional structures: None
- Parcel number: 03081602060000
- Special conditions: Estate
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- See Remarks
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
Community & HOA
Community
- Features: Curbs, Underground Utilities
- Subdivision: Chernosky 15
HOA
- Has HOA: No
Location
- Region: Austin
Financial & listing details
- Price per square foot: $282/sqft
- Tax assessed value: $227,101
- Annual tax amount: $4,647
- Date on market: 4/8/2026
- Listing terms: Cash
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listed for sale | $249,000$282/sqft |
Source:  Unlock MLS #8770365 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,648 | $227,101 -34.6% |
| 2024 | -- | $347,514 -9.9% |
| 2023 | $6,976 -8.4% | $385,589 |
| 2022 | $7,615 | $385,589 +83.2% |
| 2021 | -- | $210,492 +130.9% |
| 2020 | -- | $91,168 -47.2% |
| 2019 | -- | $172,664 +129.2% |
| 2018 | -- | $75,345 +10% |
| 2017 | -- | $68,495 +10% |
| 2016 | $46 | $62,268 +10% |
| 2015 | $46 | $56,607 +10% |
| 2014 | $46 | $51,461 +10% |
| 2013 | -- | $46,783 |
| 2012 | -- | $46,783 |
| 2011 | -- | $46,783 |
| 2010 | -- | $46,783 -21.5% |
| 2009 | -- | $59,580 +6.5% |
| 2008 | -- | $55,946 +10% |
| 2007 | -- | $50,860 +10% |
| 2006 | -- | $46,236 +2.8% |
| 2005 | -- | $44,992 +11.8% |
| 2002 | $0 | $40,228 |
Find assessor info on the county website
Monthly payment
Est. payment
$1,554/mo
Principal & interest
$1251
Property taxes
$303
More affordability tools
Climate risks
Neighborhood: Montopolis
Nearby schools
GreatSchools rating
- 3/10Allison Elementary SchoolGrades: PK-6Distance: 0.7 mi
- 1/10Martin Middle SchoolGrades: 7-8Distance: 2.5 mi
- 1/10Eastside Memorial High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Allison
- Middle: Martin
- High: Eastside Early College
- District: Austin ISD
Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 78741
- Texas
- Travis County
- Austin
- 78741
- Montopolis
- 1400 Vargas Rd
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