This home is under contract and no longer accepting offers. The price below is the last listed price, kept for reference only — if the deal falls through it may return to the market.
1400 Vargas RD, Austin TX 78741
MLS #240801807 · Keller Williams Realty · Kathy Almaraz
About this home
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.
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 1947
- Full baths
- 1
- Lot size
- 0.1614
- Subdivision
- Chernosky 15
- MLS area
- 9
- MLS #
- 240801807
Features
Interior features
- See Remarks
Exterior features
- Private Entrance
- Private Yard
Additional details
- Parking
- Driveway
- Garage spaces
- 0
- Roof
- Composition
- Foundation
- Pillar/Post/Pier
- Annual tax
- $4,647
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Austin ISD
- Elementary
- Allison
- Middle
- Martin
- High
- Eastside Early College
Market insights
Compared with 198 active homes in ZIP 78741 · HomeLocating listings
At $169,000, this home is priced 47% below the $319,000 median across 198 active homes in ZIP 78741.
Estimated monthly payment
Home price
$169,000
Down payment
20% ($33,800)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
Ask about renovation financing for this home
With a fixer-upper, you can often finance the home and the repairs together — loans like the FHA 203(k) and Fannie Mae HomeStyle roll the purchase price and the cost of the work into one mortgage. Whether this home qualifies and what it would take are confirmed with a lender. Tell us you're interested and we'll help you explore the options.
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Listing courtesy of Keller Williams Realty · Kathy Almaraz
Listing data last updated Sep 2, 2026, 1:16 PM
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