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$900,000

1407 Parkinson Dr Unit 2, Austin, TX, 78704

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,073 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$629.08 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer/Dryer Stacked, Water Purifier Owned
FlooringConcrete, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Private Yard
Lot Size4,526 sqft

Building Information

Year Built2017
Stories2
Roof Type105
Garage Spaces1

Land Information

APN03020325030000
Lot Number2
Subdivision1407 Parkinson Drive Site Condominiums
Land UseResidential
Legal DescriptionUNT 2 1407 PARKINSON DRIVE SITE CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract001402
Assessed Land Value$525,000
Assessed Improvement Value$394,948
Assessment Year2025

About this property

Sprinkler Sys:Yes

Investor Tools

Property Icon
$900,000
Estimated Property Value
$506,250Estimated Mortgage Balance
$448,406Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,400 /month
Positive
Cash Flow Estimate:
$1,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,305/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,158
$742,108
2025
$525,000
$394,948
$919,948
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,158
$742,108

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$506,250
No
First
Oct 29, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$452,503
$379,497
45%
50%
$3,036/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$3,036/mo
$-1,116/mo
2.6%

Learn About the Market: Opportunity in Austin

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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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1407 Parkinson Dr Unit 2 | Property Details | No Agent List