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$675,000

1516 Garnaas Dr, Austin, TX, 78758

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,080 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$324.52 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Energy Star Qualified Appliances, Exhaust Fan, Electric Oven, Free Standing Range, Disposal, Gas Water Heater, Induction Cooktop, Range Hood, Stainless Steel Appliances, Tankless Water Heater
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard, Rain Gutters
Lot Size8,864 sqft

Building Information

Year Built1985
Stories2
Roof Type105
Garage Spaces2

Land Information

APN02561610150000
Lot Number23
SubdivisionGracywoods Sec 9 & 10
Land UseResidential
Legal DescriptionLOT 23 BLK B GRACYWOODS SEC 9 & 10
Census Tract041900
Assessed Land Value$132,333
Assessed Improvement Value$400,978
Assessment Year2025

About this property

Discover the perfect blend of thoughtful design, modern efficiency, and an unbeatable location in Gracywoods. This architect-designed, extensively remodeled 3-bedroom, 2.5-bath home offers sophisticated living on a quiet street that ends at the neighborhood park entrance. A complete renovation transformed the first floor into a bright, open-concept layout ideal for entertaining. The beautifully redesigned kitchen combines style and functionality with a custom island,Bosch induction cooktop and oven,Bosch dishwasher,ceiling-height cabinetry,hidden trash and recycling storage,pantry drawers, and abundant organization throughout. Architectural details including exposed wood beams, a custom stair accent wall, built-in living room shelving, penny tile accents, recessed lighting, and ceramic tile flooring create a warm, refined atmosphere. A charming dining nook with built-in storage and an under-stair reading nook add character and versatility. Upstairs, wood flooring extends throughout the stairwell and second level. The expansive game room offers flexible space for a media room, office, or playroom and features custom cabinetry and display shelving. The primary suite has been thoughtfully reimagined with a redesigned closet and a spa-inspired bath featuring a dual-head shower and soaking tub. The secondary bath has also been beautifully updated. Designed for comfort and efficiency, the home features triple-pane windows, a 22-panel paid-off solar array, a 2025 tankless water heater, Cat 6 wiring,home speaker wiring downstairs and pool area,EV charger circuit, and mini-split air-conditioned garage. The backyard is a private retreat centered around an 18,000-gallon saltwater pool with resurfaced blue pebble finish, outdoor shower, speaker system, string lighting, and updated fencing. Ideally located just minutes from Apple, The Domain, Q2 Stadium, and major employers, this exceptional North Austin home offers the perfect balance of luxury, functionality, and convenience.

Investor Tools

Property Icon
$559,000
Estimated Property Value
$370,000Estimated Mortgage Balance
$228,946Estimated Equity
34% 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?

Barb Cooper

Redfin Corporation

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,032/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,592
$533,311
2025
$132,333
$400,978
$533,311
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,592
$533,311

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Home Loan Expert Llc
Credit Line (Revolving) / Heloc
$370,000
No
First
Dec 15, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$330,054
$228,946
40%
59%
$2,219/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,219/mo
$-131/mo
4.5%

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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