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$733,000

NAL Estimated Property Value

1500 Summit ST 7, Austin, TX, 78741

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,488 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$321.14 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Convection Oven, Dishwasher, Disposal, Exhaust Fan, Gas Cooktop, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Water Heater
FlooringConcrete, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size2,653 sqft

Building Information

Year Built2008
Stories4
Roof Type112
Garage Spaces2

Land Information

APN03030516080000
Lot Number7
Subdivision1500 Summit Amended
Land UseResidential
Legal DescriptionUNT 7 BLD 2 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

This sophisticated newly gated modern condominium community is conveniently located minutes from downtown Austin providing security and easy access to all the activities and amenities the central business and entertainment district, the University of Texas, and Ladybird Lake have to offer. This prime location allows residents to enjoy the vibrant city life yet still experience a neighborhood vibe. Urban living at its finest, two bedroom, main level study could be a third bedroom, three full plus one half bath, has a private 1-car garage and 2-car carport. Multi-levels offer privacy for all, with an open kitchen family room, giving owners a gathering space for entertaining or a quiet place to recharge. Relax and unwind at the end of the day on the roof top terrace. Priced under one million, freshly painted throughout and "move-in ready" for your buyer! Washer, dryer and refrigerator to convey.

Investor Tools

Property Icon
$733,000
Estimated Property Value
$503,241Estimated Mortgage Balance
$229,759Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,794 /month
Positive
Cash Flow Estimate:
$1,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$305/month
$750/month
5.947%

Tax Information

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

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$700,081

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$522,000
No
First
Apr 17, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$503,241
$229,759
31%
69%
$3,130/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$3,880/mo
$-1,792/mo
3.4%

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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1500 Summit ST 7 | Property Details | No Agent List