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$442,000

NAL Estimated Property Value

10509 Abana WAY, Austin, TX, 78748

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,031 Sq Ft
price_per_sqft$233.87 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Range, Refrigerator, Washer/Dryer, Electric Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size6,029 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces1

Land Information

APN04322309120000
Lot Number11
SubdivisionDrew Lane Condominiums
Land UseResidential
Legal DescriptionUNT 11 DREW LANE CONDOMINIUMS PLUS 3.44 % INT IN COM AREA
Census Tract031900
Assessed Land Value$174,865
Assessed Improvement Value$267,823
Assessment Year2024

About this property

Conveniently located in South Austin, this charming home offers easy access to everything, including Mopac and I-35. The residence features 3 spacious bedrooms, 3 full bathrooms, and 2 inviting living areas, along with a versatile flex space ideal for a home office. It also offers plenty of storage with walk-in closets and a nice size laundry room, complete with washer and dryer. The open kitchen is a culinary delight with bright, white cabinets and a refrigerator that conveys with the home. Both the front and back covered patios provide the perfect spots to relax, enhanced by a custom stone and rock addition. The professionally landscaped yard adds to the home's appeal, creating a picturesque setting. Located next to additional parking, this home is perfect for entertaining guests. The community is graced with mature oak trees, providing ample shade and contributing to a peaceful and quaint environment. Whether you work downtown or travel frequently to the airport, this location offers the ideal blend of quiet living and city conveniences. Plus, enjoy the benefits of a super low tax rate. Don’t miss out on this South Austin gem!

Investor Tools

Property Icon
$442,000
Estimated Property Value
$441,047Estimated Mortgage Balance
$953Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$184/month
$114/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$387,625
2024
$174,865
$267,823
$442,688
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$387,625

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$451,725
No
First
Dec 31, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$441,047
$953
0%
100%
$2,709/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,823/mo
$-593/mo
6.1%

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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10509 Abana WAY | Property Details | No Agent List