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$264,000

NAL Estimated Property Value

1202 Newning Ave 309, Austin, TX, 78704

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths650 Sq Ft
price_per_sqft$292.15 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size793 sqft

Building Information

Year Built1966
Stories1

Land Information

APN03000118370000
Lot Number309
SubdivisionMadrid Condominiums
Land UseResidential
Legal DescriptionUNT 309 MADRID CONDOMINIUMS PLUS 2.23 % INT IN COM AREA
Census Tract001401
Assessed Land Value$554
Assessed Improvement Value$229,060
Assessment Year2025

About this property

Google Fiber Now Installed at the condo. Help Help! I'm a super cute, 1 bedroom condo with a highly functional floor plan, wife approved closet, & located in the best area of South Austin, Travis Heights. Highly walkable, its 3 blocks west to the SOCO district or if you go south 3 bocks, you pick up the hike and bike trail that goes around Lake Lady Byrd. The Seller will install stainless steel appliances and a Euro washer/dryer. THE BEST CONDO WITH A VIEW OF DOWNTOWN AUSTIN UNDER $250K!

Investor Tools

Property Icon
$264,000
Estimated Property Value
$137,258Estimated Mortgage Balance
$126,742Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,584 /month
Positive
Cash Flow Estimate:
$528 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$564/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,446
$229,614
2025
$554
$229,060
$229,614
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,446
$229,614

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Heritage Cu
Conventional
$140,800
No
First
Dec 19, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,258
$126,742
48%
52%
$845/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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