ActiveResidential · sale

1614 Preston

Austin, TX 78703

$1,250,000

  • 3 beds
  • 2 baths
  • 1,930 sq ft
  • 0.19 acres
  • Built 1939

Listed by Magnolia Realty Round Rock · MLS #ACT4071586

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The current layout offers flexibility to host larger gatherings, with the dining room flowing into the kitchen and living room.

Details worth a look

As you move outside, the backyard offers a shaded patio that opens to a grassy backyard with plenty of room to add custom details.

Year built

Built in 1939.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Open House scheduled on Sunday, April 12th from 12 noon to 3pm. Tucked into the heart of Austin’s historic Pemberton Heights, one of the most desirable neighborhoods in the City of Austin, this charming 3-bedroom, 2-bath home blends 1939 character with a prime location. Perfectly positioned on an 8200sf+ corner lot, this home welcomes you from the start, with a covered front porch and side entry 2-car garage that showcases a settled, stately appeal.

As you step inside, sunlight filters through oversized windows, casting a soft glow across light wood floors and terracotta tile. The current layout offers flexibility to host larger gatherings, with the dining room flowing into the kitchen and living room. The kitchen expands into a flexible bonus area perfectly positioned for a secondary living, dining, or kitchen expansion. Each of the three current bedrooms are generous in size and private.

If a gut renovation is what you have in mind, this home has the bones to start from scratch and make it yours! If a redevelopment opportunity is your plan, the large corner lot in the best possible location can't be beat.

As you move outside, the backyard offers a shaded patio that opens to a grassy backyard with plenty of room to add custom details.

And then there’s the location, which is everything. Just beyond your doorstep, walking trails, parks, local restaurants/nightlife and shopping are within close reach. Within a stone's throw is the University of Texas, Downtown Austin, South Congress corridor, Lady Bird Lake and easy access to Mopac for easy commute around the city.

THE NEIGHBORHOOD

Explore the location.

1614 Preston, Austin, TX 78703

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Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1939
Full baths
2
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
Dishwasher, Gas Range, Microwave, RNGHD
Flooring
Tile, Wood
Fencing
Back Yard, Wood
Accessibility
None
Pool features
None
Subdivision
Pemberton Heights
Parcel
01170205180000
Elementary school
Casis
Middle school
O Henry
High school
Austin
Annual property tax
$29,481.10

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$5,208.33
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1614 Preston, Austin, TX 78703 · MLS #ACT4071586

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Listing information

MLS #ACT4071586 · Austin Board of Realtors

Listing brokerage: Magnolia Realty Round Rock
Listing agent: Lauren Schauer

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.