In this ongoing series, real-estate analytics site NeighborhoodX is taking a close look at sales price ranges in different Austin neighborhoods, ranking asking prices on a per-square-foot basis.
Today's analysis focuses on the East Riverside-Oltorf neighborhood, the central-city area that starts just south of the river and east of I-35 (its northern and western borders) and is bounded by South Pleasant Valley Road to the east and East Oltorf Street to the south.
East Riverside Drive, which cuts through the northern part of the neighborhood, has for decades been a busy corridor surrounded by relatively inexpensive apartment complexes (first primarily populated by University of Texas students, later becoming more popular with working people and families), strip malls, small local restaurants, and drive-through fast food. It also has been home off and on to large music clubs.
The Back Room rock/metal club ruled for years, and more recently, Emo’s, Antone’s, and Beauty Bar relocated from smaller downtown venues in an ultimately failed effort to revive it as a live-music hot spot. A mix of older dance clubs and a few new, smaller pub-type places make up most of its entertainment landscape currently.
Development of the Town Lake trail and boardwalk just north of the area’s namesake street has brought higher-end condo and apartment projects to that area. The hills south of the road, especially close to IH-35, are sometimes called “Travis Heights East,” as they retain the markers of the area’s agricultural past as well as large, single-family homes from three different waves of development in the 20th century.
The current average listing price for East Riverside-Oltorf is $233 per square foot, although the individual properties that make up that average range from $130/square foot (2124 Burton Drive #134, a two-bedroom condo asking $105,00, plus $259/month in homeowners fees) to $312/square foot (2607 Audubon Place, a smallish 1966 home asking $325,000).
You can check out the full, interactive NeighborhoodX chart at the link below.
• Austin: East Riverside-Oltorf price range (Sept. 2016) [NeighborhoodX]