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$2,000,000

Beds
9
Baths
4.5
sq ft
5,088

1908 San Gabriel St, Austin, TX 78705

1908 San Gabriel St

Austin, TX 78705

  • 15 days on market
Discover the San Gabriel House, a landmark property nestled in the vibrant West Campus of the University of Texas at Austin. Boasting over 5,000 square feet, this property features 8-10 bedrooms or offices, making it a prime investment with a proven track record of generating $171,000 in annual rental income. Over the last 25 years, this home has seen consistent increases in rent and has never experienced vacancy, promising continued growth in revenue. Recently renovated between 2021-2022, the property now includes modern upgrades such as new decks, balconies, HVAC systems, roof, and foundation. These enhancements not only elevate its appeal but also its functionality, making it suitable not just for student housing but also as a potential headquarters or satellite office for businesses or fraternal organizations. The three-story main house, originally built in 1935 with a charming plantation-style architecture, is now poised for cosmetic restoration, offering new owners the chance to personalize this piece of Austin's heritage. Seize the opportunity to own a historic property with significant income potential in one of Austin's most desirable neighborhoods. Don't miss your chance to invest in this legacy property where history meets opportunity in the heart of West Campus.

Details

Property type

Single Family Residence

Est. home value

$2,336,697

Lot size

8,001.97 sq ft

Price per sq ft

$394

Year built

1935

Annual property taxes

$25,558.39

HOA

No

Price History

02/07/2025
Austin

Austin #6058379

Listed
$2,000,000
06/21/2024
Austin

Austin #3171664

Removed
03/28/2024
Austin

Austin #3171664

Price change
$2,075,000
-3.04%

Schools & Community

Neighborhood: 

West University

Elementary school: 

Bryker Woods

Middle school: 

O Henry

High school: 

Austin

High school district: 

Austin ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Home Point Financial Corporation

Loan start date

December 2020

Original loan amount

$650,000

Est. remaining balance

$590,518

Interest rate

2.84%

Loan type

New Conventional, 30 year

Seller

Aaron S Reisfield

Lender

Indymac Bank Fsb

Loan start date

April 2003

Original loan amount

$319,000

Est. remaining balance

Not provided

Interest rate

4.37%

Loan type

Not Provided, 30 year

Seller

Aaron S Reisfield

Lender

First Magnus Financial Corp

Loan start date

June 2002

Original loan amount

$300,700

Est. remaining balance

$136,634

Interest rate

6.79%

Loan type

Not Provided, 30 year

Seller

Aaron S Reisfield

Lender

Mortgage Portfolio Services Inc

Loan start date

September 1998

Original loan amount

$227,150

Est. remaining balance

$57,183

Interest rate

6.97%

Loan type

Not Provided, 30 year

Seller

Aaron S Reisfield and Laura J Reisfield

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/22/2025 at 9:40 PM

Listing updated: 02/20/2025 at 1:21 PM

Listed by: Steven Johnson, Realty Pros of Austin Phone #: (512) 401-3330

MLS: Austin #6058379

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