Priced over $40,000 below an independent appraisal of $430,000 – this is a rare value-add opportunity in one of Austin’s most established neighborhoods.

Tucked beneath mature oak trees, this end-unit condo on Steck Ave offers the bones, the location, and the space that investors and owner-occupants alike are hunting for. A/C units replaced 2019 and 2025. With 1,908 square feet, an attached 2-car garage, and a private courtyard entry, the setting alone sets it apart from the typical Austin condo.

Step inside and the layout opens naturally. To the left, a secondary bedroom, full bathroom, and dedicated laundry room offer practical separation from the main living areas. Head right and the living room commands attention – vaulted ceilings, high windows flooding the space with natural light, and a stunning two-sided brick fireplace that anchors the room and divides the living space with character you simply can’t manufacture. The kitchen sits just off to the right, and at the far end of the living room, glass sliding doors open to your private backyard. The primary suite is tucked to the back left – quiet, private, and generous in size.

The home needs cosmetic work – carpet, kitchen, paint – and the price reflects every bit of that. At $389,000, you’re buying at a significant discount to both the independent appraisal ($430,000, September 2025, on file) and the tax appraisal (over $500,000). The upside here is real and already documented.

The location checks every box. Walking distance to Anderson High School and Hill Elementary. Steps from local cafes, burger joints, and everyday spots you’ll actually use. Ten minutes to downtown.

Opportunities like this on Steck Ave don’t last. If you’re looking for a project with a built-in margin and a hard-to-beat location, this is it.