This 1-bed, 1-bath, 560 sqft cottage in Austin’s 78702 is listed at $275K after several price drops. Nearby comps with similar size range from $321K to $380K for 1-bed, 1-bath homes, and $346K to $577K for larger or updated homes. The price per sqft is a bit lower than the average in the area, but the property is smaller and older (built in 1940), which limits its upside unless you add beds or baths.
If you’re an investor, the best flip potential comes from expanding the footprint or adding a bedroom/bathroom—comps show a 2-bed, 1-bath jump to $352K and 2-bed, 2-bath up to $367K. For homeowners, focus on curb appeal, basic updates, and maybe converting space for additional value, but don’t expect a huge flip margin unless you significantly increase living space.