WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Tucked into Austin's beloved 78704 zip code, 2702 S 2nd St is a rare offering: two completely separate, homes sharing one address, each telling its own chapter of South Austin's story.
At the front of the lot sits a quaint 1940s bungalow that pays homage to South Austin's laid-back character. The home has been thoughtfully updated while keeping its original architectural and period accents intact — original pine floors and original wood siding have been carefully restored, and a covered porch with a masonry addition preserves the bungalow's classic street presence. Behind the scenes, the improvements run deep: a new roof and insulation, a tankless water heater, reconstituted exterior drainage and exterior water access, and a blend of masonite and Hardie siding installed to protect the home for years to come. Updated lighting and ceiling fans brighten every room. The bathrooms have been completely refreshed with new tile, new carpet, and new toilets, and the kitchen has been reimagined with new soft-close cabinetry, Samsung Bespoke appliances, and a Bosch dishwasher.
Just steps away sits a free-standing contemporary home - a striking architectural counterpoint to the bungalow out front. Built in 1999 and fully updated within the past several years, this sleek two-story residence offers an open-concept layout, a private balcony, and quartz finishes throughout.
Together, the two residences total roughly 2,449 square feet of fully renovated living space on a combined 0.14-acre lot, individually metered, and appraised at a combined $1,102,000 as of July 2025. Minutes from South Congress, Zilker Park, and downtown Austin, this is a chance to own two move-in-ready homes in one of the city's most sought-after zip codes: live in one and rent the other, or add two income-ready units to a portfolio in a single bid.
PROPERTY HIGHLIGHTS:
Two houses, One Lot
South Central Austin
Unit 1: 1948 bungalow, 3 bed / 2.5 bath, ~989 sq ft, quartz kitchen, hardwood floors, covered porch
Unit 2: 1999 contemporary build, 2 bed / 2.5 bath, ~1,460 sq ft, private balcony, quartz kitchen, flex study
Both units renovated within the past 1–5 years — move-in ready
Individually metered utilities
Combined appraised value: $1,102,000 (July 2025)
0.14-acre lot
Free & Clear Title | No Back Taxes | No Liens | Title Insurance Available
Subject to Sale Prior to the Auction without Notice – Pre-Auction Offers Welcomed – Brokers Protected
LOCATION ADVANTAGES:
Zip code 78704 — one of Austin's most walkable, in-demand neighborhoods
Minutes from South Congress Avenue, Zilker Park, and Barton Springs
Approximately 2 miles from downtown Austin's CBD
Neighborhood bounded by Riverside Drive, US-290, IH-35, and South Lamar Blvd — easy access to all major Austin corridors
Tranzon Asset Advisors of Texas, LLC, # 9008058, Kelly D. Toney, TX Auctioneer #11818, Broker #0421809
10% Buyers Premium based on the high bid and other terms apply.
Property Inspection: Tues. Nov. 10th at 11 AM CT.
Bidding Closes: Tues. Nov. 17th at 11 AM CT.
Contact Kelly Toney at 713-816-1123 or ktoney@tranzon.com
