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$364,381

NAL Estimated Property Value

1518 Honaker Way, Leander, TX, 78641

$384,276 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,152 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$176.58 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Exhaust Fan, Gas Range, Water Heater
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Private Entrance, Private Yard

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-17-W424-0000-0046
Land UseResidential
Legal DescriptionC560 - HOMESTEAD TOWNHOMES CONDO, UNIT 46, 0.781% COMMON AREA INTEREST
Census Tract020342
Assessed Land Value$80,193
Assessed Improvement Value$284,188
Assessment Year2025

About this property

Nestled in a prime location, this home is perfectly positioned to enjoy the best of Leander living! With unmatched convenience with access to some of the area's top schools like Glenn HS, Danielson MS, and the brand-new Hisle ES (est. Fall 2024), and everyday essentials all within reach. An HEB grocery store nearby, the exciting Northline Development offering dining, shopping, and entertainment. Commuting is a breeze, thanks to the Metro Rail station in Leander, while healthcare needs are met with St. David's Medical Hospital, only 5 minutes away. For outdoor enthusiasts, the location shines with nearby trails, parks, and family-friendly activities. Benbrook Ranch Park comes alive with youth baseball and softball throughout the week, and Devine Lake Park hosts several community events, including festivals and firework shows. Don’t let the exterior fool you—inside, this 2,152 square foot home offers an abundance of space with 4 well-appointed bedrooms. The primary bedroom is conveniently located on the main floor, providing a private retreat, while the second floor features 3 spacious secondary bedrooms and a gameroom. Step inside and fall in love with the wide planked, wood flooring that flows seamlessly throughout the entire downstairs, adding a modern yet warm touch. Upstairs, plush carpeting creates a cozy feel in the living areas, ensuring comfort for all. The kitchen is a true standout, loaded with charming features that make it both functional and stylish. It boasts under-cabinet lighting (hard-wired in), large 42" cabinets, and beautiful quartz countertops that add a sleek, modern touch. For the chefs of the household, the kitchen comes equipped with natural gas, and the added island offers plenty of extra prep space for those busy cooking days. With a covered back patio, 2-Car garage with amazing high ceilings, full sprinklers, and spacious primary suite, this home offers the perfect balance of modern convenience and low-maintenance living.

Investor Tools

Property Icon
$364,381
Estimated Property Value
$0Estimated Mortgage Balance
$364,381Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$384,275
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$698/month
$45/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,549
$364,381
2025
$80,193
$284,188
$364,381
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,549
$364,381

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$364,381
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,900/mo
$45/mo
+$2,855/mo
9.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Leander

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1518 Honaker Way | Property Details | No Agent List