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$597,595

NAL Estimated Property Value

1120 Omega Ave # 1, Austin, TX, 78721

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,505 Sq Ft
price_per_sqft$391.36 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBuilt-In Gas Oven, Built-In Refrigerator, Cooktop, Dishwasher, Disposal, Freezer, Gas Range, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater
FlooringConcrete, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size3,241 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces1

Land Information

APN02072026020000
Lot Number1
Subdivision1120 Omega Avenue Site Condominiums
Land UseResidential
Legal DescriptionUNT 1 1120 OMEGA AVENUE SITE CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract002110
Assessed Land Value$112,500
Assessed Improvement Value$485,095
Assessment Year2025

About this property

Welcome to the Omega House, a stunning recently constructed home in the heart of East Austin. Built by Carr Residential, the home’s open floor plan and use of privacy fencing in both the front and backyards provide multiple, private entertaining spaces throughout the property. The heart of the first floor is a large living, dining, and kitchen combination with high ceilings and concrete floors. The kitchen contains stainless steel appliances and beautiful granite countertops on the perimeter and butcher block island in the center. A half bathroom for guests as well as a laundry closet and one-car garage are also on the main level. The front yard has a recently completed fence with jasmine vines, Bermuda grass, and additional fresh landscaping. The low maintenance backyard has artificial turf and concrete pavers. The second level contains beautiful white oak floors throughout. At the top of the stairs is a generous-sized flex space with two guest rooms sharing a full bathroom with granite countertops. Additionally, the primary bedroom has vaulted ceilings with lots of natural light and beautiful automatic shades by Shade Store with a full bathroom and walk-in-shower. Walking distance to Austin’s beloved BBQ restaurant, Micklethwait, Palomino Coffee, and neighborhood parks. Just minutes away from Central Machine Works Brewery, De Nada Cantina, Austin Bouldering Project, and Lift ATX. Less than 15 minutes to downtown Austin and the airport.

Investor Tools

Property Icon
$597,595
Estimated Property Value
$327,167Estimated Mortgage Balance
$139,256Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,586 /month
Positive
Cash Flow Estimate:
$1,195 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,100/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,217
$597,595
2025
$112,500
$485,095
$597,595
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,217
$597,595

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Home Loan Expert Llc
Conventional
$363,850
No
First
Jan 15, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$327,167
$270,428
45%
55%
$2,182/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,182/mo
$-94/mo
4.2%

City: Austin

1120 Omega Ave # 1 | Property Details | No Agent List