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B+
NoAgentList RatingHow are grades calculated? Info
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$670,000

1202 Loma Dr, Austin, TX, 78741

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,767 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$401.25 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Gas Oven, Refrigerator, Washer/Dryer, Water Heater
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Private Yard
Lot Size8,111 sqft

Building Information

Year Built1953
Stories1
Roof Type105

Land Information

APN03020605040000
Lot Number28
SubdivisionSunnydale
Land UseResidential
Legal DescriptionLOT 28 SUNNYDALE
Census Tract001403
Assessed Land Value$315,413
Assessed Improvement Value$114,350
Assessment Year2025

About this property

Incredible opportunity to own a unique property near downtown Austin featuring two fully equipped and beautifully maintained homes on one spacious 8,000 sqft lot zoned SF3/duplex. The main home offers 2 bedrooms and 1 bathroom with tall ceilings, a spacious living area, and a generous kitchen, while the second home is a full 1 bedroom, 1 bathroom guest house, perfect for rental income, guests, or extended family. Both homes are in excellent condition and offer great flexibility for either owner-occupants looking to live in one and rent the other, or investors seeking to lease both. The location provides unbeatable proximity to downtown, Lady Bird Lake, and all the best of Austin living, while the zoning allows for future development potential, including the option to scrape and build up to three new units with potential for expansive views of the downtown skyline and lake. Whether you're looking for a move-in-ready home with income potential, a buy-and-hold investment, or a rare development opportunity in a prime location, this property delivers exceptional value and versatility.

Investor Tools

Property Icon
$670,000
Estimated Property Value
$666,701Estimated Mortgage Balance
$8,134Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,254 /month
Positive
Cash Flow Estimate:
$1,418 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,128/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,187
$429,763
2025
$315,413
$114,350
$429,763
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,187
$429,763

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Home Loans Llc
Fha
$666,701
Yes
First
Dec 15, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$662,840
$9,160
1%
99%
$3,998/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.

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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1202 Loma Dr | Property Details | No Agent List