Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$609,916

NAL Estimated Property Value

1509 Morgan Ln, Austin, TX, 78704

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths880 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$767.05 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDryer, Gas Range, Oven, Free-Standing Gas Oven, Gas Oven, Range, Free-Standing Gas Range, Refrigerator, Free-Standing Refrigerator, Washer, Washer/Dryer, Water Heater
FlooringCarpet, Laminate, Parquet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Private Yard
Lot Size21,567 sqft

Building Information

Year Built1947
Stories1
Roof Type105
Garage Spaces1

Land Information

APN04060901070000
Lot Number12
SubdivisionBanister Heights
Land UseResidential
Legal DescriptionW87.125 FT OF LOT 12 BANISTER HEIGHTS
Census Tract002006
Assessed Land Value$560,000
Assessed Improvement Value$203,521
Assessment Year2024

About this property

*Sold As Is.* Welcome to this charming 1940s cottage in Banister Heights, South Austin. This cozy two-bedroom, one-bathroom cottage boasts 880 square feet of inviting living space. Located on a spacious 0.5-acre lot, the cottage features towering pecan trees, an expansive back porch, and a private, fenced backyard with ample room for relaxation and outdoor activities. Conveniently situated just minutes from downtown Austin, this house offers easy access to all the city’s excitement. You’ll be close to trendy restaurants, shops, and the vibrant South Congress Avenue district. Additionally, you’ll have easy access to outdoor areas like Barton Creek Greenbelt for hiking and biking, Zilker Park, and Lady Bird Lake trails. This rare opportunity presents a chance to transform this quaint cottage into your dream home. The possibilities are endless, with options for remodeling, renovating, adding on, or purchasing the land for future development. *Recent changes to building code allow for up to three structures and a total of 8,626.62 square feet of building area. Density bonuses may apply to preserve the original structure. * **Buyers should consult the city for specific development options and requirements. **

Investor Tools

Property Icon
$609,916
Estimated Property Value
$601,616Estimated Mortgage Balance
$10,140Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$996/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$609,916
2024
$560,000
$203,521
$763,521
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$609,916

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fidelis Equity And Real Estate Fund A Ll
Building Or Construction Loan
$612,400
No
First
Mar 26, 2025
Sep 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$601,616
$8,300
1%
99%
$3,672/mo

Learn About the Market: Opportunity in Austin

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...