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$289,349

NAL Estimated Property Value

1601 Faro DR 402, Austin, TX, 78741

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths954 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$204.4 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Free-Standing Range, Refrigerator
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size6,164 sqft

Building Information

Year Built1983
Stories2

Land Information

APN03071106150000
Lot Number402
SubdivisionChambord Condominiums - Revised 1999
Land UseResidential
Legal DescriptionUNT 402 BLD D CHAMBORD CONDOMINIUMS - REVISED 1999 PLUS 1.129% INTEREST IN COMMON AREA
Census Tract002325
Assessed Land Value$61,656
Assessed Improvement Value$227,693
Assessment Year2025

About this property

Darling & private end unit condo in hot Riverside Corridor neighborhood. Upgraded kitchen, SS appliances, laminate wood flooring, large master suite with room for an office/desk, and 2 full closets, and 2 balconies. Unit is walking distance to pool & park amenities. The complex is quiet, pet friendly and close to Town Lake bike trail and boardwalk, Oracle, ACC, and quick 5 min drive to downtown.Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$289,349
Estimated Property Value
$166,566Estimated Mortgage Balance
$122,783Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,736 /month
Positive
Cash Flow Estimate:
$579 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$543/month
$268/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,074
$289,349
2025
$61,656
$227,693
$289,349
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,074
$289,349

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$186,350
No
First
Nov 16, 2020
Dec 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,566
$122,783
42%
58%
$1,118/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,386/mo
$1,386/mo
+$0/mo
5.7%

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.

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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 402 | Property Details | No Agent List