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$1,689,000

NAL Estimated Property Value

1231 Parkway 1, Austin, TX, 78703

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths3,172 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$345.21 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Gas Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Tankless Water Heater
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size6,443 sqft

Building Information

Year Built2001
Stories3
Roof Type112
Garage Spaces2

Land Information

APN02100012020000
Lot Number1
SubdivisionParkway Place Condominiums Amended The
Land UseResidential
Legal DescriptionUNT 1 PARKWAY PLACE CONDOMINIUMS AMENDED THE PLUS 50% INTEREST IN COMMON AREA
Census Tract001605
Assessed Land Value$468,750
Assessed Improvement Value$1,470,796
Assessment Year2025

About this property

This Downtown condo is perfect for the upscale city dweller. With 3 stories of living area & a rooftop deck, this unit has phenomenal views of the Capitol & UT campus. An elevator in the unit makes accessibility easy, with a guest bedroom & laundry on the bottom level. Previously 2 bedrooms, the ample guest room has an ensuite bath & covered patio. The 3rd level is devoted to the expansive master suite, which includes a gas fireplace, walk in closet & spacious master bath w/jetted tub & walk in shower.Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$1,689,000
Estimated Property Value
$497,798Estimated Mortgage Balance
$1,191,202Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,134 /month
Positive
Cash Flow Estimate:
$3,378 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,775/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,850
$1,581,296
2025
$468,750
$1,470,796
$1,939,546
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24,850
$1,581,296

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$548,250
No
First
Jul 19, 2021
Aug 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$497,798
$1,191,202
70%
29%
$3,288/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,710/mo
$3,288/mo
$-1,578/mo
1.2%

City: Austin

1231 Parkway 1 | Property Details | No Agent List