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$220,851

1601 Faro DR 502, Austin, TX, 78741

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths675 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$229.63 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling

Exterior

Lot Size4,365 sqft

Building Information

Year Built1983
Stories1

Land Information

APN03071106190000
Lot Number502
SubdivisionChambord Condominiums - Revised 1999
Land UseResidential
Legal DescriptionUNT 502 BLD E CHAMBORD CONDOMINIUMS - REVISED 1999 PLUS .799% INTEREST IN COMMON AREA
Census Tract002325
Assessed Land Value$43,626
Assessed Improvement Value$177,225
Assessment Year2025

About this property

Charming 1 BR condo in gorgeous park-like setting. Feels like a single family home with only one shared wall and lovely patio. Open floor plan flows from living room to dining room & kitchen. Features include vaulted ceilings, fireplace, tile floor, W/D connections, & patio overlooking the sparkling pool. Master BR includes walk-in closet & access to the patio. Fabulous location minutes to DT, airport, shopping & more. Easy walk to major shopping and public transit. Quick commute via IH35 or Hwy 71.FEMA - Unknown Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$220,851
Estimated Property Value
$0Estimated Mortgage Balance
$220,851Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,325 /month
Positive
Cash Flow Estimate:
$442 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,179
$220,851
2025
$43,626
$177,225
$220,851
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,179
$220,851

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$220,851
100%
0%
$0/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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