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$988,000

NAL Estimated Property Value

1206 Marshall Ln, Austin, TX, 78703

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,508 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$661.8 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Exterior FeaturesRain Gutters
Lot Size8,085 sqft

Building Information

Year Built1946
Stories1
Roof Type105
Garage Spaces2

Land Information

APN01100110030000
Lot Number9
SubdivisionShelley Heights
Land UseResidential
Legal DescriptionLOT 9 BLK E OLT 7 DIV Z SHELLEY HEIGHTS
Census Tract001605
Assessed Land Value$845,325
Assessed Improvement Value$142,675
Assessment Year2025

About this property

Excellent opportunity to remodel or rebuild in the heart of historic Clarksville/Castle Hill! The original 1067 sq ft home has 2 bedrooms and 1 bathroom, hardwood flooring, original windows, and cut limestone on all sides. The semi-detached garage and 441 sq ft upstairs studio apartment were added in 1995. There's a bonus storage room and greenhouse between the house and garage. The lot is 8084 sq ft (per TCAD), approximately 57’ x 140’, and is zoned SF-3. Both units have been used as rentals for a number of years. The main house (currently vacant) was leased at $2000/mo through spring 2021 and the garage apartment is currently leased at $1250/mo. The garage apartment tenant is on a month-to-month lease. This is an outstanding location on the edge of downtown Austin with close-by access to many amenities, including Ladybird Lake and the Shoal Creek Hike and Bike Trail. Area restaurants include Austin favorites Josephine House, Clark’s Oyster Bar, Jeffery’s, and many others. Grocery stores include the neighborhood Fresh Plus and the flagship Whole Foods at 6th & Lamar. The buyer and buyer’s agent should independently verify all information & City of Austin development guidelines.

Investor Tools

Property Icon
$988,000
Estimated Property Value
$4,540Estimated Mortgage Balance
$983,468Estimated Equity
99% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,988 /month
Positive
Cash Flow Estimate:
$1,996 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,161/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,987
$988,000
2025
$845,325
$142,675
$988,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,987
$988,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Keystone Bank Na
Commercial
$5,000
No
First
Jun 30, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$4,540
$983,460
99%
0%
$30/mo

City: Austin

1206 Marshall Ln | Property Details | No Agent List