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$189,000

1601 Faro DR 1404, Austin, TX, 78741

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,017 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$185.84 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Water Heater, Free Standing Electric Range, Microwave, Oven, Stainless Steel Appliances
FlooringCarpet, Laminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesNo Exterior Steps, Rain Gutters
Lot Size6,573 sqft

Building Information

Year Built1983
Stories1

Land Information

APN03071106570000
Lot Number1404
SubdivisionChambord Condominiums - Revised 1999
Land UseResidential
Legal DescriptionUNT 1404 BLD P CHAMBORD CONDOMINIUMS - REVISED 1999 PLUS 1.203% INTEREST IN COMMON AREA
Census Tract002325
Assessed Land Value$65,731
Assessed Improvement Value$217,741
Assessment Year2025

About this property

Unlike neighboring comparable sales, this is a private back unit, offering quiet and privacy while being in the heart of Austin. This unit is equipped with newer double pane windows that include a lifetime transferable warranty for new buyers. The sellers installed a new HVAC system in August 2025. It is recently completely painted on the interior with no popcorn ceilings/walls. The home is move-in ready! This updated 2-bedroom, 2-bath condo offers comfortable living with thoughtful upgrades already completed. Inside, you'll find updated flooring, fresh interior paint, a bright living area with a fireplace, and a functional kitchen featuring white cabinetry, updated countertops, stainless steel appliances, and ample storage. Large windows throughout bring in natural light while the recently installed double-pane windows improve energy efficiency and comfort. The spacious primary suite features a charming bay window, generous closet space, and an en-suite bath. A well-sized secondary bedroom and full bath provide flexibility for guests, roommates, or a home office setup. Mature trees surrounding the unit create a peaceful setting and add privacy from neighboring buildings. Located in the heart of East Riverside, this condo is just minutes from Downtown Austin, Lady Bird Lake, Oracle, Austin-Bergstrom International Airport, South Congress, Rainey Street, and some of the city's most popular restaurants, coffee shops, and entertainment venues. With easy access to major employers, public transportation, and outdoor recreation along the hike-and-bike trails, this location offers exceptional convenience for both homeowners and investors.

Investor Tools

Property Icon
$283,472
Estimated Property Value
$0Estimated Mortgage Balance
$128,921Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,701 /month
Positive
Cash Flow Estimate:
$567 /month

Interested in this property?

Tomas Corzo

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$538/month
$492/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,035
$283,472
2025
$65,731
$217,741
$283,472
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,035
$283,472

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$179,984
No
First
May 16, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,551
$128,921
45%
55%
$1,080/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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