This charming bungalow, situated on a desirable corner lot in a cross section of Allendale and Highland Park, is ready for its next chapter. Tucked into the quieter section near Bull Creek Road, the surrounding streets create the perfect backdrop for neighborhood strolls in one of Austin's most beloved communities. The current owners completed an extensive renovation in 2021, including new electrical wiring, fresh drywall and insulation (excluding the kitchen), hardwood flooring throughout, updated windows, a new sliding glass door in the dining area, cordless window treatments, a new fence, recessed lighting, and updated ceiling fans throughout. The guest bath was thoughtfully refreshed (excluding the tub), and the primary suite was fully reimagined with a custom vanity and new plumbing. While the home does require substantial foundation repair, the opportunity here is undeniable. Whether you are an investor seeking immediate rental income, a buyer planning a future project, or a builder looking for your next site, this property offers multiple paths forward. The lot features a practical footprint with minimal tree impact, making it especially attractive for a future renovation or new construction. Seller's disclosure and a brand-new survey are available upon request. *Floor plan is not exact*