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$473,680

1186 Sarabeth Way, Austin, TX, 78721

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,283 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$409.2 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling

Exterior

Lot Size3,637 sqft

Building Information

Year Built2021
Stories2
Roof Type112

Land Information

APN0209160288
Lot Number12
SubdivisionPenn Place Cottages Sec B
Land Use1 Family Dwelling
Legal DescriptionLOT 12 PENN PLACE COTTAGES SEC B
Census Tract002109
Assessed Land Value$207,988
Assessed Improvement Value$265,692
Assessment Year2025

About this property

Introducing 1186 Sarabeth Way, a contemporary 2-bedroom, 2.5-bath single-family home nestled in the heart of East Austin, within a quaint 27-home community. Built by Prominence Homes, an established Austin builder since 2008, and backed by a 1-2-6 builder warranty, this residence is filled with natural light and designed with modern luxury at an approachable price in mind. The open layout boasts luxury wide plank wood flooring, 9-foot ceilings, and sleek finishes, including timeless brushed nickel hardware, smooth panel doors, and quartz countertops. The kitchen features stainless steel appliances, an island with a breakfast bar, and 42” upper cabinets. The primary suite is an airy and peaceful escape, complete with a vaulted ceiling, spacious walk-in closet, dual vanity sinks with quartz countertops, and a walk-in shower. Additional highlights include two covered patios, a private fenced yard with landscaping and irrigation, hand-laid ceramic tile in all baths, and pre-wiring for modern technology throughout the house. Located minutes from local Eastside favorites like Birdie’s, Nixta Taqueria, Sammataro Pizza, and Redbud Icehouse, as well as all the countless amenities of Mueller and Downtown. This home offers the perfect blend of style, convenience, and craftsmanship—an amazing value buy that’s not to be missed. **This home qualifies for a $10,000 lender credit and 1% reduction in a fixed interest rate for 30 years + no PMI for qualified buyers. See agent for details.**

Investor Tools

Property Icon
$473,680
Estimated Property Value
$420,000Estimated Mortgage Balance
$55,152Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$774/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$473,680
2025
$207,988
$265,692
$473,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$473,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$420,000
No
First
Nov 20, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$419,183
$54,497
11%
88%
$2,579/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$2,579/mo
$-953/mo
4.1%

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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1186 Sarabeth Way | Property Details | No Agent List