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$1,375,000

NAL Estimated Property Value

1509 Palma Plz, Austin, TX, 78703

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,710 Sq Ft
price_per_sqft$804.09 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDryer, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Refrigerator, Stainless Steel Appliances, Washer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesExterior Steps, Private Yard
Lot Size6,669 sqft

Building Information

Year Built1929
Stories2
Roof Type105
Garage Spaces1

Land Information

APN01100105060000
Lot Number57
SubdivisionEnfield B
Land UseResidential
Legal DescriptionLOT 57 OLT 7 DIV Z ENFIELD B
Census Tract001605
Assessed Land Value$736,881
Assessed Improvement Value$395,999
Assessment Year2025

About this property

Tucked in the heart of Clarksville, one of Austin’s most coveted neighborhoods, 1509 Palma Plaza offers a rare blend of charm, comfort, and unbeatable walkability, just moments from local favorites like Fresh Plus, Medici Coffee, Jeffrey's and Josephine House. This thoughtfully designed 3 bed, 2 bath home welcomes you with an inviting living room anchored by a stunning fireplace, creating a warm and timeless focal point. Just beyond, the dining area is surrounded by windows that fill the space with natural light, complemented by custom built-ins that add both character and functionality. The beautifully updated kitchen sits nearby, seamlessly connected to the main living spaces and backyard. The main level features a spacious primary suite with room for a seating area or home office, along with a private ensuite bath. A second guest bedroom and full bathroom are conveniently located down the hall. Upstairs, a versatile loft-style bedroom offers endless flexibility, perfect for a home office, gym, or additional living space. Outdoor living is just as special, with a peaceful screened-in porch complete with a built-in swing overlooking the private backyard - an ideal setting for slow mornings or relaxed evenings. A separate screened-in structure in the backyard adds even more opportunity. A rare opportunity to own a home that perfectly balances character, flexibility, and location in one of Austin’s most walkable and desirable neighborhoods.

Investor Tools

Property Icon
$1,375,000
Estimated Property Value
$662,538Estimated Mortgage Balance
$712,462Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,250 /month
Positive
Cash Flow Estimate:
$2,750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,984/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,937
$1,096,318
2025
$736,881
$395,999
$1,132,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,937
$1,096,318

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Unknown
$599,040
No
First
Jun 25, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$662,538
$712,462
51%
48%
$4,490/mo

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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1509 Palma Plz | Property Details | No Agent List