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$183,000

1601 Faro Dr Apt 2003, Austin, TX, 78741

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths675 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$333.33 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Free-Standing Electric Range, Refrigerator, Washer/Dryer, Electric Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Lot Size4,365 sqft

Building Information

Year Built1983
Stories1

Land Information

APN03071106800000
Lot Number2003
SubdivisionChambord Condominiums - Revised 1999
Land UseResidential
Legal DescriptionUNT 2003 BLD V CHAMBORD CONDOMINIUMS - REVISED 1999 PLUS .799% INTEREST IN COMMON AREA
Census Tract002325
Assessed Land Value$43,626
Assessed Improvement Value$157,613
Assessment Year2025

About this property

Tucked away in a peaceful South Austin neighborhood yet surrounded by the city's vibrant energy, this condo blends style, comfort & convenience. Step into an inviting living space w/ soaring ceiling, sleek ceramic tile flooring & abundant natural light, offering warmth & sophistication. The beautifully remodeled kitchen showcases modern Ikea wall cabinets w/ under-cabinet lighting, a seamless glass tile backsplash, hidden outlet strips, & quartz countertops paired w/ top-tier appliances: Frigidaire fridge, GE range, microwave & dishwasher. The impressive bathroom features a Kohler toilet, oval tub w/ glass door, striking shower tile, floating wall cabinet & vanity, large mirror & dimmable LED lighting. The vaulted-ceiling bedroom, like the living room, has a sliding glass door opening to a back patio enclosed by a white picket fence. A custom Elfa closet offers shelving, dual/single hanging sections, shoe storage & drawers. Additional upgrades include a new front door w/ touch keypad, recent water heater, Trane XR AC, & Fanimation ceiling fans w/ LED lighting. Enjoy the privacy of a corner location w/ a covered front porch overlooking the lawn & creek—spot deer & hear owls hooting. In winter, enjoy Riverside Golf Course views, & in other seasons, lush greenery. A private back patio offers storage w/ a Steadyrack vertical bike rack, even for e-bikes. Conveniently near Austin Station 22 at Riverside & Faro Dr., just miles from Ruiz Library, ACC Riverside Campus & Roy Guerrero Park, featuring a disc golf course, ball field, playground & expansive lawn. Easily bikeable to downtown & East Austin via Roy Guerrero Park. Don’t miss this opportunity!

Investor Tools

Property Icon
$183,000
Estimated Property Value
$77,150Estimated Mortgage Balance
$124,416Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$247/month
$327/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,048
$182,086
2025
$43,626
$157,613
$201,239
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,048
$182,086

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$256,000
100%
0%
$0/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.

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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 2003 | Property Details | No Agent List