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$850,000

1605 Chelsea Ln # 2, Austin, TX, 78704

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$772.73 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Gas Cooktop, Dishwasher, Disposal, Microwave, Double Oven, Stainless Steel Appliance(s)
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Private Yard
Lot Size4,752 sqft

Building Information

Year Built2018
Stories2
Roof Type105
Garage Spaces1

Land Information

APN03020326030000
Lot Number2
Subdivision1605 Chelsea Lane Condominiums Amended
Land UseResidential
Legal DescriptionUNT 2 1605 CHELSEA LANE CONDOMINIUMS AMENDED PLUS 40.0 % INT IN COM AREA
Census Tract001402
Assessed Land Value$264,000
Assessed Improvement Value$596,192
Assessment Year2025

About this property

This contemporary Travis Heights home showcases the quality and thoughtful design of award-winning architect Davey McEathron. Clean white walls, warm wood floors, abundant natural light and bold accents create a sophisticated yet inviting feel. Designed for entertaining, the home features two rooftop decks, a private pool, and a park-like setting beneath majestic oak trees. The gated stylish 2-bedroom, 1,100 SF residence also includes a one-car garage and ample parking. Enjoy an exceptional location moments from parks, trails, and the dining, shopping and entertainment of South Congress. A rare opportunity to own a distinctive Austin property in one of the city's most sought-after neighborhoods.

Investor Tools

$316,866Estimated Mortgage Balance
$750,447Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,396 /month
Positive
Cash Flow Estimate:
$2,132 /month

Interested in this property?

Kelly Ilse

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,433/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,865
$860,192
2025
$264,000
$596,192
$860,192
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,865
$860,192

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Originpoint Llc
Conventional
$325,000
No
First
Mar 28, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$316,866
$2,901,134
90%
30%
$2,108/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$2,108/mo
$-188/mo
2.2%

City: Austin

1605 Chelsea Ln # 2 | Property Details | No Agent List