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$156,364

NAL Estimated Property Value

1500 Olympia Way Apt 2, College Station, TX, 77840

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,111 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$130.51 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesElectric Water Heater, Water Heater
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size3,267 sqft

Building Information

Year Built1982
Stories1
Garage Spaces1

Land Information

APN591300-0001-0020
SubdivisionSutter's Mill Ph 1
Land UseResidential
Legal DescriptionSUTTER'S MILL PH 1, BLDG A, UNIT 2
Census Tract001303
Assessed Land Value$22,500
Assessed Improvement Value$133,864
Assessment Year2025

About this property

This charming 2 bedroom, 1.5 bathroom Sutter’s Mill condominium offers a park-like setting, low-maintenance living, and is conveniently located in the heart of College Station! A wonderful investment, the home offers wood laminate flooring in the open living and dining room and tile in wet areas, a wood-burning fireplace, granite countertops throughout, and two parking spaces in the attached carport accessible from the back door. The kitchen features stainless steel appliances, with a tile backsplash, undermount lighting, and plenty of cabinet space. Community amenities include a lovely in-ground swimming pool with deck, plenty of mature trees, a park adjacent to the property, and a location directly on the Texas A&M University bus route and within biking distance to campus!

Investor Tools

Property Icon
$156,364
Estimated Property Value
$75,495Estimated Mortgage Balance
$80,869Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$938 /month
Positive
Cash Flow Estimate:
$313 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$294/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,745
$156,364
2025
$22,500
$133,864
$156,364
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,745
$156,364

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$84,000
No
First
Jul 10, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$75,495
$80,869
51%
48%
$439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,040/mo
$889/mo
+$151/mo
8.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: College Station

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1500 Olympia Way Apt 2 | Property Details | No Agent List