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$1,625,000

117 Laurel Ln, Austin, TX, 78705

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths2,277 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$592.89 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.75Bathrooms Full 1.75
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Range, Oven
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size6,412 sqft

Building Information

Year Built1935
Stories2
Roof Type112

Land Information

APN02160406040000
Lot Number9
SubdivisionUniversity Heights
Land UseResidential
Legal DescriptionLOT 9 BLK 2 OLT 74 DIV D UNIVERSITY HEIGHTS
Census Tract000500
Assessed Land Value$540,452
Assessed Improvement Value$760,702
Assessment Year2025

About this property

You will love living in the heart of Austin in this dignified & renovated 1935 home offering classic architecture w/modern updates. The front is adorned w/Romeo balconies, tall windows w/wood shutters & a beautifully landscaped yard. The front entrance opens to a welcoming foyer that leads to a well-proportioned living room & a formal dining room & powder bathroom. The living room w/rebuilt fireplace, Joe Zambarano built-ins & a plethora of windows looks out onto a dramatic pool & opens to an updated kitchen w/a Center Island by Thomas Moser. Original elements to admire are large windows w/plantation shutters, tall ceilings, original wood floors & charm that comes from a bygone era. MAIN HOUSE:1962 sq ft w/lovely light fixtures, recessed spots to highlight art, metal roof & seamless gutters. A handsome longleaf pine staircase leads to an open landing upstairs, 3 beds/2 baths & laundry closet. The primary bed features French doors that lead to a private screen porch. BACKHOUSE: 315 sq ft darling casita was built in 2005 & is perfect for guests, nanny, mother-in-law or office! Next to the pool this comfy little house w/a highly practical floorplan has 1 bed/1 bath, sitting room, kitchenette & skylights. Both homes are situated around a spectacular pool w/decorative tile & gorgeous design. After a long day there is nothing like a refreshing dip in the pool or sipping a cocktail in this tranquil setting. This is a rare opportunity to live in Aldridge place - homes do not often come on the market in this neighborhood. You are steps away from Hemphill park w/its tree-lined paths & in walking distance to UT, Blanton Museum of Art, LBJ library, Wheatsville Food Co-op & great restaurants like Texas French Bread, Thai kitchen, Counter Cafe, Hopfields, Via 313, Civil Goat Coffee & many more. A spectacular home in a sought-after neighborhood that is both walkable & friendly, plus a 2nd living/work abode & a dazzling pool. Welcome Home!

Investor Tools

Property Icon
$1,625,000
Estimated Property Value
$548,000Estimated Mortgage Balance
$1,125,523Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,750 /month
Positive
Cash Flow Estimate:
$3,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,070/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$28,711
$1,301,154
2025
$540,452
$760,702
$1,301,154
No

Tax History

Year
Tax Paid
Assessed Value
2024
$28,711
$1,301,154

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$548,000
No
First
Sep 27, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$500,425
$800,729
61%
31%
$3,286/mo

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.

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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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117 Laurel Ln | Property Details | No Agent List