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$549,131

1506 Homespun Rd, Austin, TX, 78745

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,035 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.67 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Exhaust Fan, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Water Heater
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesGas Grill, Lighting, Private Yard
Lot Size7,789 sqft

Building Information

Year Built2015
Stories2
Roof Type105
Garage Spaces2

Land Information

APN04131409840000
Lot Number83
SubdivisionStassney Lane Condominiums Amd
Land UseResidential
Legal DescriptionUNT 83 STASSNEY LANE CONDOMINIUMS AMD PLUS .0087 % INT IN COM AREA
Census Tract002409
Assessed Land Value$116,857
Assessed Improvement Value$432,274
Assessment Year2025

About this property

Welcome to 1506 Homespun – A stylish lease in a serene, gated South Austin community! Impeccably maintained inside and out with mature landscaping, sleek modern architecture, and a fenced turf lawn backyard. Inside, a bright open floor plan connects the living room, modern kitchen, and dining area beneath soaring vaulted ceilings that extend to the upstairs game room. Gorgeous hardwoods flow throughout, with tile in the bathrooms—no carpet. The main floor features a spacious, private primary suite with its own ensuite bath and walk-in closet. Upstairs offers two generously sized secondary bedrooms, a full bath, and a large bonus living area with flexible use options. Enjoy the easy-care turf lawn backyard, ideal for relaxing, recreation, and entertaining. The gated setting offers peace of mind and a true lock-and-leave lifestyle. Prime South Austin location in the desirable 78745 — just minutes from local favorites like Radio Coffee & Beer, Summer Moon, Loro, and Torchy's Tacos. Essentials are close with Central Market, H-E-B, and Sprouts all just a short drive away. Quick access to I-35, 71/290, and Mopac makes getting around simple. A rare opportunity in a quiet gated pocket with the best of South Austin moments away. Up to two pets allowed, no size limits, with a $250 deposit, per pet and a $250 non-refundable fee, per pet. Schedule your showing today!

Investor Tools

Property Icon
$549,131
Estimated Property Value
$255,500Estimated Mortgage Balance
$348,937Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,295 /month
Positive
Cash Flow Estimate:
$1,098 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,039/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,723
$549,131
2025
$116,857
$432,274
$549,131
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,723
$549,131

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Supreme Lending
Conventional
$255,500
No
First
Mar 14, 2016
Apr 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$201,294
$347,837
63%
37%
$1,532/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,200/mo
$1,532/mo
+$668/mo
4.8%

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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1506 Homespun Rd | Property Details | No Agent List