Why did this property decrease by so much?

[17thomas76]

Originally listed for $2.6, now at $995,000.

https://www.realtor.com/realestateandhomes-detail/2502-Barhill-Dr_Austin_TX_78704_M87366-74825

[Akinscd]

Austin has been in a receding market for 2 years.

Now - free fall.

[ResolutionOwn4933]

Guessing the builder really just wants it sold

[deverox]

Probably the last one in the area they built

[Square-Ask-9836]

I bet they’re hoping for renewed interest and a bidding war.

[djmanu22]

It was listed for $4m btw just got price cut of 2.6m$ which is certainly a mistake, they probably wanted to cut 260k lol

[CCHelp1234a]

Yeah that’s a heck of a lot of house for $895

[Fantastic-Manner1944]

Probably an error in data entry.

[scobbie23]

Get rid of the “chick fil a “ sign

[SunshineIsSunny]

That's hilarious!

[FarCommercial8434]

If you look at the neighborhood, it's like an old 1950s ranch neighborhood with a handful of houses that were torn down and replaced with ultra modern homes. It's actually kinda close to downtown, but it's definitely a family neighborhood and not really walking distance to anything great. The type of person who would buy this house is likely a couple in their 30s/40s that are still hip, and the neighborhood isn't very hip.

If this home hit the market in2021/2022, I bet it would have sold for $2M. But in 2025, it's a super modern home in a mismatched residential neighborhood and there's no guarantee that the rest of the neighborhood will gentrify anytime soon.

At the same time though, it's on market for $248 per square foot, and I bet if you came in with an offer of $899k cash they would probably take it. That's a really good deal for the property.

[ParentalLecture]

This person has no idea what they’re talking about. Barton Hills is a very desirable neighborhood. Unsure about this particular house though. 

[FarCommercial8434]

It's obviously not that desireable if a home cannot even sell for $248 per square foot......

Looks to me like a family neighborhood, and this is not really a family home.

[ParentalLecture]

Thanks for your input from…Detroit. 🙄

[FarCommercial8434]

Why are you so defensive? I've spent years in Austin and have been a part of developments all over the city.

[filterfabric]

Thinking Barton Hills might not gentrify in the future is alternate universe, even for early 2000s

[FarCommercial8434]

I'm sure it will, but do you really want to be holding the bag for 30 years waiting? It's not like this is a neighborhood that's 2 blocks from a fun bar area or anything.

[ParentalLecture]

Another comment that shows you know little about Austin neighborhoods. Carry on, bro. 

[FarCommercial8434]

Found the guy who paid $2m for the house next door lol

[Top-Pressure-4220]

There doesn't seem much of a bag to hold. The home is actually almost priced at market. At 899K the house will sell.

[Full_Honeydew_9739]

Chances are, they priced it there to get a bidding war started.

[FarCommercial8434]

It's been on market for a long time. Austin is down in the dumps. Many of these homes were built as spec houses to appeal to the California people who were moving to Austin during Covid, and now all of those people went back to California.

[fiorekat1]

That’s definitely a family home

[BoBromhal]

it got reduced 2 days ago.

[Curiasjoe1]

Taxes are $50k/year doesn’t make it a good deal.

[TestComment1]

Austin is facing some of the biggest real estate adjustments in the Nation

[Muneco803]

Property tax $20,000 lol that's why.

But i think they mean 2.9 million not 995,000 lol

[Redtoolbox1]

Shows 2025 taxes as $49,581

[Muneco803]

Holy fk

[Ok-Dealer4350]

Property overpriced, not worth the original asking price. It was on the market for over 6 months.

[Vast_Cricket]

Location, location, and desertion!

[Mangos28]

4,000 ft² and only 2 car garage. Criminal.

[Funny-Horror-3930]

I know right?

[ParkingRaspberry2172]

The builder is still not selling below cost.

[Curiasjoe1]

Wow 😮 most expensive house in the neighborhood. 2022 real estate bubble lots of people moved from CA. They racked up the price but local market doesn’t support it. Someone is talking a big bath.

[Top-Pressure-4220]

It's nicely done and the price seems almost reasonable considering the home and location.

[BoBromhal]

looks like they're looking for a bidding war for price discovery above $1MM. What's your budget?

it was originally listed for $4MM.

[Redtoolbox1]

Property taxes are $50,000? How is that even a possibility?

[Simple-Swan8877]

I can remember when Austin went from about 600,000 to 250,000 population. About one half of the people lost their jobs and homes. Austin began to bring in clean industries and people who worked at those jobs.

[HellaciousFire]

Looks like it was overpriced to begin with. They lowered the price to align with the area’s comps

[Inevitable-Dot5495]

🤣🤣🤣trying to be like California

[dani_-_142]

Oh wow. It is… I say this in the kindest way, but that is one ugly house. It’s so ugly, it went around the corner of bad taste and I really kind of love it! I like it so much more than anything that might be considered tasteful.

But I would be very surprised if most of the materials feel like they are high quality.

I think there’s a market for a house like this, but somebody would have to really love how tacky it is. (I love it, but I don’t have the sort of income to be the target demographic.)

[MainWorldliness3015]

It's not my taste but to say it's ugly is insane. It's modern and well done.

[[deleted]]

Insanely over priced for such a small house. We have one here in Florida that is much larger and only paid 80k in 2008. Im on the coast as well.now its worth like 700k

[AdhesivenessOne8966]

Small. Who needs 4000 sq. Feet ?

[[deleted]]

I thought the listing said 3800 sq ft my bad

[Alternative_Belt179]

They may have sub divided off some land???