4621 Philco Dr At only $190/sf and $100k below tax value, this spacious 2, 361-sf home offers an exciting opportunity in the highly-desirable South Manchaca neighborhood. Set on a flat .18-acre corner lot along a quiet street dotted with mature trees, this 1960s single-story ranch is ready for its next chapter! Remodeled and expanded over the years, the home features 4 bedrooms, 2.5 bathrooms, & 3 distinct living areas. The flexible floor plan offers endless possibilities for how you use these spaces, whether as a family room, playroom, gym, one or more dedicated offices or even a 5th bedroom. The primary suite includes a 12x10 walk-in closet that must be seen to be appreciated, & living spaces include a wall of built-in bookshelves. A custom-designed kitchen includes ample storage & prep space, glass front cabinets, granite counters, stainless appliances & a moveable island on wheels for added flexibility. Surrounded by beautifully updated & newly built homes, the property is an ideal canvas for a thoughtful remodel tailored to your style & needs. The generous corner lot and SF-3 zoning also offer many options for new construction. Located in Austin's highly-coveted 78745, this home provides the best of South Austin living in a neighborhood that continues to evolve while retaining a strong sense of community. Enjoy convenient access to South Congress, South Lamar, Zilker Park & Downtown Austin, along with local favorites like Radio Coffee, El Chilito and Central Market, plus a variety of Austin's trendiest dining, shopping, & entertainment. Whether you envision transforming the existing home or exploring the lot's additional potential, this is a rare opportunity to create something special in an established and coveted South Austin neighborhood. You will not find another home this size in this area at this price! Buyer to independently verify all property details, measurements, zoning, & development potential.