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$280,315

NAL Estimated Property Value

1602 Elmira RD, Austin, TX, 78721

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,200 Sq Ft
price_per_sqft$249.92 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesRange Hood
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size9,701 sqft

Land Information

APN02122004270000
Lot Number46
SubdivisionGrant Park
Land UseResidential
Legal DescriptionLOT 46 OLT 19 DIV B GRANT PARK
Census Tract002109
Assessed Land Value$280,315
Assessment Year2025

About this property

CASH OFFERS ONLY! AS IS, WHERE IS. PROPERTY IS A TEAR DOWN! "LOT VALUE ONLY- NO VALUE IN HOME" "NO BUYER ASSIGNMENT " NO HARD MONEY, PRIVATE FUNDS, LINES OF CREDIT ETC" This East Austin gem offers a prime investment opportunity. Zoned SF-3, it takes advantage of new single-family zoning laws allowing for three units per lot. Situated minutes from downtown, across from Mueller, and easily accessible via I-35 and Hwy 183/Ed Bluestein. It's just 9 miles from the Tesla Gigafactory, 7 miles from Bergstrom International Airport, and 4 miles from the University of Texas and Downtown Austin. Within walking distance to Morris Williams Golf Course and Givens Park, recreation is at your doorstep. All utilities are connected, and gas is provided by Texas Gas Service. This property offers versatility with 25-foot front and 10-foot rear setbacks, 5-foot interior side, and 15-foot street side setbacks, two driveways, 40% lot coverage, and 45% impervious coverage. Height restrictions allow structures up to 35 feet. It's not in a flood plain, ensuring development peace of mind. Unit 1 offers 4,013 sq. ft. and .092 acres, while Units 2 & 3 (Must Be Built) can provide up to 5,629 sq. ft. and .129 acres, allowing substantial expansion.

Investor Tools

Property Icon
$280,315
Estimated Property Value
$0Estimated Mortgage Balance
$280,315Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$193/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$918
$280,315
2025
$280,315
N/A
$280,315
No

Tax History

Year
Tax Paid
Assessed Value
2024
$918
$280,315

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$280,315
100%
0%
$0/mo

City: Austin

1602 Elmira RD | Property Details | No Agent List