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$370,574

NAL Estimated Property Value

1605 Greenwood Ave, Austin, TX, 78721

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths720 Sq Ft
price_per_sqft$576.39 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesWasher Dryer Stacked, Gas Range, Oven, Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesNone
Lot Size9,997 sqft

Building Information

Year Built1959
Stories1
Roof Type105

Land Information

APN02111701600000
Lot Number4
SubdivisionGreenwood Heights
Land UseResidential
Legal DescriptionLOT 4 BLK B GREENWOOD HEIGHTS
Census Tract002109
Assessed Land Value$281,240
Assessed Improvement Value$89,334
Assessment Year2025

About this property

Discover an incredible opportunity in East Austin, nestled onto an incredible quiet street (check it out) close to Downtown, UT, the highway for easy commutes, quick zip to the Airport, Tesla, and more. This spot is perfect for developers or those seeking to own a substantial property in this vibrant neighborhood. This expansive 9,996.85 sqft lot is zoned SF-3, offering versatile options for development. The recent approval of the HOME Initiative by the City of Austin allows up to three units per lot, with a 0.65 FAR for three dwellings, providing exceptional potential for investment or personal use. Inside, the home features fresh paint throughout, ensuring a move-in-ready experience. The location is unbeatable—just minutes away from Palomino Coffee, Morris Williams Golf Course, Mueller amenities, and JJ Seabrook Greenbelt. Seize this chance to make this prime East Austin property yours!

Investor Tools

Property Icon
$370,574
Estimated Property Value
$361,665Estimated Mortgage Balance
$10,054Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$605/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$370,574
2025
$281,240
$89,334
$370,574
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$370,574

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Golden Empire Mortgage Inc
Conventional
$372,164
No
First
Aug 27, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$361,665
$8,909
2%
98%
$2,232/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.

Explore Texas Explore This Area
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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1605 Greenwood Ave | Property Details | No Agent List