What does it cost to buy a home in East Riverside-Oltorf right now?
In an ongoing series with Curbed Austin, real-estate analytics site NeighborhoodX takes a close look at the range of sales asking prices in the area, ranked by cost per square foot, to find out.
East Riverside-Oltorf is a 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 current average asking price is $219/square foot, although the individual properties that make up this average range from $141 per square foot (1708 Timber Ridge Road, a two-bedroom townhouse that, judging by listing photos, might need a bit—or a lot—of work) to $278 per square foot (1408 Hyde Park Court, a newly built, detached condo asking $506,202).