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$349,966

NAL Estimated Property Value

1601 Faro Dr Apt 1402, Austin, TX, 78741

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,007 Sq Ft
price_per_sqft$223.44 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
FlooringTile

Exterior

Exterior FeaturesNone
Lot Size6,508 sqft

Building Information

Year Built1983
Stories1

Land Information

APN03071106550000
Lot Number1402
SubdivisionChambord Condominiums - Revised 1999
Land UseResidential
Legal DescriptionUNT 1402 BLD P CHAMBORD CONDOMINIUMS - REVISED 1999 PLUS 1.192% INTEREST IN COMMON AREA
Census Tract002325
Assessed Land Value$65,081
Assessed Improvement Value$284,885
Assessment Year2025

About this property

Welcome home to this beautifully updated 2-bedroom, 2-bath condo in the desirable Chambord Complex, ideally located off East Riverside—just 10 minutes to Austin-Bergstrom International Airport and 20 minutes to Downtown Austin. This move-in-ready home features stylish updates throughout, including white kitchen cabinetry, butcher block countertops, stainless steel appliances, and wood-look tile flooring with no carpet. The spacious living area boasts soaring ceilings and a cozy wood-burning fireplace, creating a bright and welcoming atmosphere. The thoughtfully designed split-bedroom floor plan offers privacy, with a generous primary suite featuring a charming bay window, oversized walk-in closet, and ensuite bath with walk-in shower. A spacious secondary bedroom has convenient access to the second full bathroom—perfect for guests or a home office. Enjoy the peaceful setting of this quiet, gated community with mature trees and a sparkling community pool. Turn-key and ready for its next owner, this condo offers comfort, convenience, and an unbeatable location.

Investor Tools

Property Icon
$349,966
Estimated Property Value
$213,299Estimated Mortgage Balance
$136,667Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$668/month
$488/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,270
$349,966
2025
$65,081
$284,885
$349,966
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,270
$349,966

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$237,215
No
First
Feb 2, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,299
$136,667
39%
61%
$1,423/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.

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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 Apt 1402 | Property Details | No Agent List