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$623,000

1503 Garnaas Dr, Austin, TX, 78758

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,380 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$262.61 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size8,708 sqft

Building Information

Year Built1985
Stories2
Roof Type105
Garage Spaces2

Land Information

APN02561801040000
Lot Number16
SubdivisionGracywoods Sec 9 & 10
Land UseResidential
Legal DescriptionLOT 16 BLK C GRACYWOODS SEC 9 & 10
Census Tract041900
Assessed Land Value$132,132
Assessed Improvement Value$411,913
Assessment Year2025

About this property

Stunning Remodel Priced to Sell! Merry Christmas, 50,000 Price Drop!!! Spacious open floor plan, completely remodeled with white quartz countertops throughout, white oak plank wood floors, Carrera tile in Primary Bath, and much more. Conveniently located to the Tech Triangle and the Domain. Neighbors the beautiful Walnut Creek Park. Ready for Immediate Occupancy!

Investor Tools

Property Icon
$623,000
Estimated Property Value
$468,750Estimated Mortgage Balance
$183,097Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,348/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,064
$544,045
2025
$132,132
$411,913
$544,045
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,064
$544,045

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wintex Group Llc
Conventional
$468,750
No
First
Jan 30, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$440,672
$192,328
30%
71%
$2,811/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,811/mo
$-723/mo
4.0%

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.

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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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1503 Garnaas Dr | Property Details | No Agent List