5302 Walnut Grove DR, Austin TX 78744,Austin,Travis,Residential

$ 395,000
5302 Walnut Grove DR, Austin TX 78744,

Overview

  • Property ID
  • 2578988
  • 4 Bedrooms
  • 3 Bathrooms
  • 1,772 ft2
  • 0 ac

Description

Offset your mortgage. Build equity faster. Live smarter.
Updated former 3 bedroom/2 bath model home in Franklin Park featuring a private 1+ bedroom garage apartment with its own entrance, kitchenette, and separate AC system — previously operated as a fully licensed, high-demand short-term rental generating $24,000+ per year over the past five years (with post-pandemic increases). Documentation available.
Live in the main house and let the apartment help pay your mortgage. Or create a private home office, long-term rental, guest suite, or multi-generational setup. The flexibility here is rare, especially with no HOA and a low 2.04% tax rate.
The main home offers spacious living areas, fresh paint, updated appliances (fridge, dishwasher, disposal within the last year), and major system upgrades including a 2019 roof, 2021 & 2018 HVAC systems with REME Halo Air Scrubber LED, and hardwired security with cameras, window/door sensors, and climate control via Alert360. Google Fiber modem installed. Bonus: the property shares a grid with the local fire station — electricity has remained connected during recent winter weather events
The yard is shaded by a professionally maintained century-old live oak in front and a vibrant red oak in back. Shed, playset, refrigerator, washer, and dryer can convey with acceptable offer.
Located in Southeast Austin’s Franklin Park neighborhood where you can walk to the park, pool, library, restaurants, bus stop, and daily essentials. Just minutes to downtown and 7 miles to South & East Austin hotspots. Close to local favorites like Pinthouse Brewing, Independence Brewing Co., and Meanwhile Brewing Co., plus outdoor escapes like McKinney Falls State Park.
Rare versatility in a thriving Southeast Austin pocket. Smart buyers look for options. This property delivers.

Other Features
Breakfast Bar
Dishwasher
Disposal
Dryer
Electrical Utility Available
Free-Standing Range
French Doors
Gas Range
High Ceilings
Microwave
Multiple Living Areas
No Exterior Steps
Pantry
Playground
Primary Bedroom on Main
Private Yard
Refrigerator
RNGHD
Walk-In Closet(s)
Washer
Property Id : 2578988
Price: $ 395,000
Property Size: 1,772 ft2
Property Lot Size: 0 ac
Bedrooms: 4
Bathrooms: 3
Syndication Remarks: Offset your mortgage. Build equity faster. Live smarter. Updated former 3 bedroom/2 bath model home in Franklin Park featuring a private 1+ bedroom garage apartment with its own entrance, kitchenette, and separate AC system — previously operated as a fully licensed, high-demand short-term rental generating $24, 000+ per year over the past five years (with post-pandemic increases). Documentation available. Live in the main house and let the apartment help pay your mortgage. Or create a private home office, long-term rental, guest suite, or multi-generational setup. The flexibility here is rare, especially with no HOA and a low 2.04% tax rate. The main home offers spacious living areas, fresh paint, updated appliances (fridge, dishwasher, disposal within the last year), and major system upgrades including a 2019 roof, 2021 & 2018 HVAC systems with REME Halo Air Scrubber LED, and hardwired security with cameras, window/door sensors, and climate control via Alert360. Google Fiber modem installed. Bonus: the property shares a grid with the local fire station — electricity has remained connected during recent winter weather events The yard is shaded by a professionally maintained century-old live oak in front and a vibrant red oak in back. Shed, playset, refrigerator, washer, and dryer can convey with acceptable offer. Located in Southeast Austin’s Franklin Park neighborhood where you can walk to the park, pool, library, restaurants, bus stop, and daily essentials. Just minutes to downtown and 7 miles to South & East Austin hotspots. Close to local favorites like Pinthouse Brewing, Independence Brewing Co., and Meanwhile Brewing Co., plus outdoor escapes like McKinney Falls State Park. Rare versatility in a thriving Southeast Austin pocket. Smart buyers look for options. This property delivers.
Parking Features: Carport
Lot Size(acres): 0.17
Lot Size(sf): 7405.2
Country: US
Last Listing Change: 2026-02-24T19:54:01.363Z
Property Key: 48453|295158|1|9759305
Status Contractual Search Date: 2026-02-24
Listing Key Numeric: 218855750
Est. Taxes: 6897
Originating System Key: actris
Originating System Name: ABOR - actris
FEMA Flood Plain: No
#Photos: 24
State: TX
Last Status Change: February 24, 2026 at 07:54pm
Street Name: Walnut Grove
Laundry Location: Laundry Room
Street# Ext.: 5302
Street#: 5302
Street Suffix: DR
#Dining: 1
#Living: 2
#Other Level Beds: 0
Property Match: APN
$/SF: 222.91
Tax Filled SF Total: 1772
Video Tour Link (Unbranded): https://5302walnutgrovedrive.mls.tours/u/
Accessibility Features: None
Full Baths: 3
Half Baths: 0
Total Baths: 3
Community Features: None
Construction Materials: Masonry – Partial
Cooling: Central Air
Covered Spaces: 0
Faces: SE
Directions: From IH 35 go east. Left into Walnut Grove. House on right side.
Elem School: Widen
Elem School District: Austin ISD
Fencing: Privacy, Wood
Fireplace Features: Living Room
#Fireplaces: 1
Flooring: Carpet, Linoleum, Tile
Foundation Details: Slab
Garage Spaces: 0
Heating: Central
High School: Akins
High School District: Austin ISD
Levels: One
Listing ID: 9125033
Listing Terms: Cash, Conventional, FHA, VA Loan
SF Source: Public Records
Lot Features: Trees-Medium (20 Ft - 40 Ft)
MLS Area Major: 11
Main Level Beds: 4
Middle School: Mendez
Middle School District: Austin ISD
Status: Active
Other Structures: Shed(s)
Parcel#: 03220314090000
Patio And Porch Features: Patio
Pool Features: None
Possession: See Remarks, Seller Rent Back
Property Condition: Resale
Roof: Composition
Sewer: Public Sewer
Spa Features: None
Special Listing Conditions: Standard
Tax Annual($): 6897
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: None
Water Source: Public
Waterfront Features: None
Window Features: Window Coverings
Year Built: 1996
$ 2,705.04
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,997.33
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Info is deemed accurate but not guaranteed. Published info is subject to change. Buyers should conduct their own due diligence and research.

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Gerald Bodle, MBA