Flip report generated Feb 21, 2025
The Flip Potential of
1308 Greenwood Ave Austin, TX
is medium.
Current Specs
3 Bed / 2 Bath
1,595 sqft
$251 per sqft
Estimated Value$400,000
Flip Advice
This East Austin property has potential, but it's a bit of a mixed bag. The list price of $400K for a 1,595 sqft home built in 1960 seems reasonable for the area. However, with the median listing price in East Austin at $569.5K, there's not a ton of room for profit after renovation costs.
If you're considering a flip, focus on strategic upgrades that boost value without breaking the bank. The comp data suggests adding a bedroom or bath could increase value by $43K to $60K. But keep in mind, the property's already priced close to its potential post-reno value, so tread carefully.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.