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$179,000

1601 Faro DR 203, Austin, TX, 78741

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths675 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$244.44 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesMicrowave, Free-Standing Range
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size4,365 sqft

Building Information

Year Built1983
Stories1

Land Information

APN03071106080000
Lot Number203
SubdivisionChambord Condominiums - Revised 1999
Land UseResidential
Legal DescriptionUNT 203 BLD B CHAMBORD CONDOMINIUMS - REVISED 1999 PLUS .799% INTEREST IN COMMON AREA
Census Tract002325
Assessed Land Value$43,626
Assessed Improvement Value$128,560
Assessment Year2025

About this property

This charming 1 story, corner unit condo w/ plenty of storage space, is surrounded by large trees in a gated community w/ a pool & spa. The 1 bedroom, 1 bathroom floor plan includes a galley type kitchen that opens to the living room, featuring high vaulted ceilings, a log fireplace, and access to the enclosed porch. Minutes from downtown Austin, easy access to I-35 and 71, 5min to the Oracle Campus, & 10min to Airport. Close to all of Austin's Hot Spots!!! SOCO, Rainey St., Ladybird Lake, & so much more!Restrictions: Yes

Investor Tools

Property Icon
$179,000
Estimated Property Value
$0Estimated Mortgage Balance
$52,473Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,074 /month
Positive
Cash Flow Estimate:
$358 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$318/month
$189/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,917
$172,186
2025
$43,626
$128,560
$172,186
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,917
$172,186

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$144,500
No
First
Dec 30, 2019
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,527
$52,473
29%
71%
$867/mo

Learn About the Market: Opportunity in Austin

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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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1601 Faro DR 203 | Property Details | No Agent List