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.
4602 Richmond Ave, Austin TX 78745
MLS #245424484 · Compass RE Texas, LLC · Katy Hall
About this home
Exceptional development opportunity in the heart of South Austin! Situated on an expansive, level lot of approximately one-quarter acre, this coveted property is surrounded by mature trees, historic charm, and new development. With desirable SF-3 zoning, there are numerous possibilities; whether you are looking to build a custom home, pursue a lucrative redevelopment project, or invest in one of Austin's most sought-after neighborhoods. The existing home needs repair and is being sold As-Is. The main value resides in the lot and location. This prime setting offers convenient access to Downtown Austin, South Congress, South Lamar, Lady Bird Lake, Zilker Park, and an array of restaurants, shopping, and entertainment options. This property offers opportunity for the discerning builder or investor. Rarely does a property combining this size, flexible zoning, and premium central placement come available on the market. All information provided is deemed reliable but is not guaranteed and should be independently verified. Buyer is advised to verify all measurements, schools, taxes, development requirements, etc.
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 1953
- Full baths
- 1
- Lot size
- 0.2422
- Subdivision
- Forest Oaks
- MLS area
- 10N
- MLS #
- 245424484
Features
Interior features
- Ceiling Fan(s)
- Tile Counters
- Electric Dryer Hookup
- Eat-in Kitchen
- French Doors
- Pantry
- Primary Bedroom on Main
- Washer Hookup
Exterior features
- Private Yard
Additional details
- Parking
- Attached, Door-Single, Driveway, Garage, Garage Faces Front
- Garage spaces
- 1
- Roof
- Metal
- Foundation
- Pillar/Post/Pier
- Annual tax
- $9,289
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Austin ISD
- Elementary
- Joslin
- Middle
- Covington
- High
- Crockett
Market insights
Compared with 548 active homes in ZIP 78745 · HomeLocating listings
At $480,000, this home is priced 7% above the $449,995 median across 548 active homes in ZIP 78745.
Estimated monthly payment
Home price
$480,000
Down payment
20% ($96,000)
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 Compass RE Texas, LLC · Katy Hall
Listing data last updated Aug 17, 2026, 11:46 PM
Information is deemed reliable but not guaranteed and should be independently verified. Listing information is provided 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. © 2026 HomeLocating.com.