If you want a good measure of how Austin’s boom times have affected Eastside neighborhoods over the past several years, this quaint but not atypical house might be an illuminating example. Located in a part of the Holly neighborhood that is dense with single-family homes on small lots, the wood-frame, one-story house measures 961 square feet, has two bedrooms and two bathrooms, and rests on a 3,001-square-foot lot. Last sold in 2003 for $75,000, it has increased to five times that value in the past 15 years.
While that’s not the jaw-dropping jump seen in the large, single-family homes that have replaced many of these older cottages (this one was built in 1935), it’s still well over November 2017’s median single-family home price ($360,000 within city limits, less in the metro area as a whole, according to an Austin Board of Realtors report) and out of the reach of most working-class Austinites.
Nevertheless, it’s not a bad deal for creative classers and many tech workers, especially given its location and vestiges of sought-after authenticity. It also helps that it has been well-maintained and almost every part of it has been extensively upgraded.
• 2208 Santa Rita Street [Cityscape Property Group]
• November 2017 Market Report [Austin Board of Realtors]