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$492,491

NAL Estimated Property Value

1311 Cometa St, Austin, TX, 78721

Off MarketInfo
Beds7 Beds
Baths3 Bath
Baths2,044 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$220.16 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Free-Standing Range, Refrigerator
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size8,512 sqft

Building Information

Year Built2003
Stories1
Roof Type105

Land Information

APN02111805070000
Lot Number13
SubdivisionChernosky No 9
Land UseResidential
Legal DescriptionLOT 13 BLK 4 OLT 21 DIV B CHERNOSKY NO 9
Census Tract002109
Assessed Land Value$276,604
Assessed Improvement Value$215,887
Assessment Year2025

About this property

Discover the potential of 1311 Cometa St, an investment opportunity in the desirable Austin zip code of 78721. This property features two units: a main 4-bed, 2-bath house and a secondary 3-bed, 1-bath house, offering versatile possibilities for income or redevelopment. Built in 2003 and encompassing 2044 sq. ft. of combined space, the property includes a convenient carport for covered parking. Its dual-unit configuration is ideal for investors looking to capitalize on Austin's robust rental market or to explore new construction possibilities, with potential as a rebuild project. This property comes with the freedom of no HOA constraints, allowing investors to renovate and manage the property according to their strategic plans. Its location in East Austin is a burgeoning area known for its eclectic charm and proximity to downtown, making it a smart addition to any real estate portfolio. Take advantage of this opportunity to invest in a property with a multitude of possibilities in one of Austin's most vibrant communities.

Investor Tools

Property Icon
$492,491
Estimated Property Value
$451,532Estimated Mortgage Balance
$40,959Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,955 /month
Positive
Cash Flow Estimate:
$985 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$695/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,877
$492,491
2025
$276,604
$215,887
$492,491
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,877
$492,491

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Affordable Mortgage Advisors Llc
Conventional
$466,860
No
First
Jul 12, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$451,532
$40,959
8%
92%
$2,800/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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1311 Cometa St | Property Details | No Agent List