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$837,000

NAL Estimated Property Value

1500 Summit ST 1, Austin, TX, 78741

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,488 Sq Ft
price_per_sqft$432.07 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBuilt In Gas Range, Cooktop, Dishwasher, Disposal, Oven, Range, Refrigerator, Trash Compactor, Washer
FlooringConcrete, Tile, Wood

Exterior

Exterior FeaturesBalcony, Private Entrance
Lot Size2,653 sqft

Building Information

Year Built2008
Stories4
Roof Type112
Garage Spaces2

Land Information

APN03030516020000
Lot Number1
Subdivision1500 Summit Amended
Land UseResidential
Legal DescriptionUNT 1 BLD 1 1500 SUMMIT AMENDED PLUS 14.2857 % INT IN COM AREA
Census Tract001403
Assessed Land Value$212,126
Assessed Improvement Value$487,955
Assessment Year2025

About this property

Unobstructed views of Downtown Austin from your personal 3-story condo rooftop. Less than 3 miles to Downtown Austin, Rainey Street, 4 miles to Zilker Park, and hundreds of bars and restaurants. The best way to enjoy some of Austin's amazing features is by being only minutes away from it. Access to Town Lake Trail within walking distance from your back door. This central location with your personal Downtown skyline view has almost 2,488 square feet, 3 bedrooms, 4 bathrooms, and its private attached garage!

Investor Tools

Property Icon
$837,000
Estimated Property Value
$722,529Estimated Mortgage Balance
$114,471Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,450 /month
Positive
Cash Flow Estimate:
$2,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,980/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,577
$700,081
2025
$212,126
$487,955
$700,081
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,577
$700,081

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$768,750
No
First
Sep 19, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$722,529
$114,471
13%
86%
$3,951/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$4,201/mo
$-2,113/mo
3.0%

City: Austin