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$149,800

1601 Faro Dr Apt 2403, Austin, TX, 78741

Under ContractInfo
Beds1 Beds
Baths1 Bath
Baths736 Sq Ft
price_per_sqft$203.53 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDryer, Electric Range, Refrigerator, Washer
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size4,757 sqft

Building Information

Year Built1983
Stories1

Land Information

APN03071106960000
Lot Number2403
SubdivisionChambord Condominiums - Revised 1999
Land UseResidential
Legal DescriptionUNT 2403 BLD Z CHAMBORD CONDOMINIUMS - REVISED 1999 PLUS .871% INTEREST IN COMMON AREA
Census Tract002325
Assessed Land Value$47,570
Assessed Improvement Value$192,383
Assessment Year2025

About this property

Seller would love to cash out but will consider owner financing for right buyer. Long-term owner lovingly maintained the unit and made numerous improvements, including wood-look tile flooring, kitchen with new countertops, paint, and popcorn-free ceilings! Complex is quiet with a lot of land and many shade trees. HOA dues cover water, trash, and exterior upkeep. Lovely pool. Covered patio in back is a great place for coffee in the morning and relaxing at the end of the day. NOTE: complex is non-warrantable at this time but is in the process of getting approved for FHA financing.

Investor Tools

$0Estimated Mortgage Balance
$239,953Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$286/month
$358/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,237
$239,953
2025
$47,570
$192,383
$239,953
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,237
$239,953

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$239,953
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.

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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 2403 | Property Details | No Agent List