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$489,000

NAL Estimated Property Value

1301 Ridgemont Dr, Austin, TX, 78723

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,326 Sq Ft
price_per_sqft$368.78 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Free Standing Gas Range, Disposal, Gas Water Heater, Stainless Steel Appliances
FlooringLaminate, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size7,871 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces1

Land Information

APN0222140310
Lot Number10
SubdivisionDelwood Sec 4
Land Use1 Family Dwelling
Legal DescriptionLOT 10 BLK E DELWOOD SEC 4
Census Tract002104
Assessed Land Value$254,900
Assessed Improvement Value$199,254
Assessment Year2025

About this property

This one-story, single-family home delivers a bright 3-bedroom, 1-bathroom layout and the kind of walkable lifestyle that makes Windsor Park one of the city's favorite pockets. Tucked onto a quiet, tree-lined street in the established Delwood section, this home is an easy walk to Hank’s and less than a mile from Blanton Elementary School. The neighborhood is known for its friendly atmosphere and the streets are shaded by a heavy canopy of mature trees. Living in Delwood means enjoying a peaceful residential feel while staying just a quick bike ride away from the Mueller trail system and the local farmers market. This home is also just 4 miles from Downtown Austin and the University of Texas, with North Loop and the East Side easily accessible. For daily errands, take advantage of the nearby Mueller HEB and the shops and restaurants at Mueller, all just a mile away. On sunny days, you can head over to Bartholomew District Park to enjoy the public pool and playground. With quick access to I-35 and a direct route to the Austin-Bergstrom Airport, it's perfectly positioned for an easy commute. The home has been meticulously updated, including a new roof (2024) and HVAC (2023). The front door opens into a living room bathed in natural light that highlights the real hardwood floors running throughout the home. The kitchen is a showstopper, redesigned with quartz countertops, a subway tile backsplash, and a unique tile and wood floor accent. It is fully equipped for home cooking with a five-burner range and updated stainless appliances, including a 2025 dishwasher. Outside, the backyard serves as a private getaway. A large wooden deck offers plenty of room for a grill and outdoor seating, overlooking a mix of grassy space and xeriscaped landscaping. Shaded by mature trees, this yard is ready for parties or quiet evening drinks. This Delwood beauty offers a rare combination of modern interior finishes and a location that puts the very best of Austin right at your doorstep.

Investor Tools

Property Icon
$489,000
Estimated Property Value
$379,416Estimated Mortgage Balance
$109,584Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,934 /month
Positive
Cash Flow Estimate:
$978 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$756/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$454,154
2025
$254,900
$199,254
$454,154
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$454,154

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ih Mississippi Valley Cu
Conventional
$388,000
No
First
Feb 11, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$379,416
$109,584
22%
78%
$2,327/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,327/mo
$-239/mo
5.1%

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.

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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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1301 Ridgemont Dr | Property Details | No Agent List