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Days2883Days on Market
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$925,000

1118 Algarita Ave # 2, Austin, TX, 78704

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,792 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$516.18 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListMust-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Water Heater
FlooringCarpet, Concrete, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size5,262 sqft

Building Information

Year Built2018
Stories2
Roof Type105
Garage Spaces1

Land Information

APN03040225030000
Lot Number2
Subdivision1118 Algarita Condominiums
Land UseResidential
Legal DescriptionUNT 2 1118 ALGARITA CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract001402
Assessed Land Value$300,000
Assessed Improvement Value$423,952
Assessment Year2025

About this property

Welcome to your new home in the heart of Austin! This contemporary Travis Heights gem features soaring ceilings, large double-paned windows with custom shades, and beautiful flooring throughout. The open-concept main level includes spacious living, kitchen, and dining areas plus a powder bath, laundry room, and under-stairs storage closet. Upstairs, you'll find all three bedrooms and two full bathrooms. The primary suite offers high ceilings, abundant natural light, and a spa-like bathroom with marble tile, walk-in shower, and spacious closet. Enjoy your private, fenced backyard oasis with an oversized covered porch and automatic sprinkler system - perfect for relaxing or entertaining. Additional highlights include a one-car garage and an unbeatable location just a short walk or bike ride from South Congress and South First. Easy access to I-35 and Highway 71 makes getting to the airport and around the city a breeze. Don't miss your chance to own this exceptional Travis Heights home! STR allowed. Low maintenance, lock and leave home!

Investor Tools

Property Icon
$723,952
Estimated Property Value
$465,000Estimated Mortgage Balance
$289,102Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,550 /month
Positive
Cash Flow Estimate:
$1,850 /month

Interested in this property?

Benjamin Savrick

Coldwell Banker Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,343/month
$36/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,502
$723,952
2025
$300,000
$423,952
$723,952
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24,502
$723,952

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Optimum First Inc
Conventional
$465,000
No
First
Jan 1, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$437,146
$354,854
44%
60%
$2,788/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$2,824/mo
$-904/mo
3.2%

Learn About the Market: Opportunity in Austin

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Explore

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.

Explore Texas Explore This Area
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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