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$399,000

NAL Estimated Property Value

10408 Abana WAY, Austin, TX, 78748

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,814 Sq Ft
price_per_sqft$275.08 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Water Heater, Disposal, Microwave, Range, Stainless Steel Appliances
FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,029 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces2

Land Information

APN04322309260000
Lot Number25
SubdivisionDrew Lane Condominiums
Land UseResidential
Legal DescriptionUNT 25 DREW LANE CONDOMINIUMS PLUS 3.44 % INT IN COM AREA
Census Tract031900
Assessed Land Value$174,865
Assessed Improvement Value$213,896
Assessment Year2025

About this property

Beautiful modern detached condo in a prime South Austin location! This like-new, energy-efficient home built in 2019 is move-in ready & offers a spacious open concept floorplan, beautiful flooring, soft contemporary tones, an abundance of natural light & a 2-car garage. The kitchen is a chef's dream, boasting tons of crisp white cabinets, stainless steel appliances & a cozy breakfast nook. Find solitude & relaxation in 1 of 3 sizeable bedrooms, including the large primary suite adorned with an elegant tray ceiling. The open flex room upstairs makes for a perfect game room & playroom! Step outside & into a private backyard with an open patio & large shade trees. The Encore @ Drew Lane is a hidden gem situated perfectly with close proximity to major roads like Menchaca & Brodie Lane, and easy access to popular hotspots, including Armadillo Den, Luster Pearl & Moontower Saloon. Low tax rate of 1.85%. You don't want to miss this one, and it won't last long!

Investor Tools

Property Icon
$399,000
Estimated Property Value
$217,759Estimated Mortgage Balance
$181,241Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,994 /month
Positive
Cash Flow Estimate:
$998 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$707/month
$99/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,489
$388,761
2025
$174,865
$213,896
$388,761
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,489
$388,761

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lendingone Llc
Building Or Construction Loan
$220,000
No
First
Sep 4, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,759
$181,241
45%
55%
$1,320/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$1,419/mo
+$811/mo
6.7%

City: Austin

10408 Abana WAY | Property Details | No Agent List