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$788,227

NAL Estimated Property Value

1606 Grayford Dr # 1, Austin, TX, 78704

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,153 Sq Ft
price_per_sqft$417.56 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Exhaust Fan, Disposal, Gas Range, Gas Water Heater, Microwave, Range Hood, Stainless Steel Appliances
FlooringConcrete, Tile, Wood

Exterior

Exterior FeaturesBalcony, Gas Grill, Lighting, Private Yard, Rain Gutters
Lot Size4,021 sqft

Building Information

Year Built2018
Stories2
Roof Type112
Garage Spaces1

Land Information

APN04060915020000
Lot Number1
Subdivision1606 Grayford Drive Condominiums
Land UseResidential
Legal DescriptionUNT 1 1606 GRAYFORD DRIVE CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract002006
Assessed Land Value$147,675
Assessed Improvement Value$640,552
Assessment Year2025

About this property

Discover a luxurious urban home with spectacular Downtown Austin views, perfectly situated in the coveted 78704 neighborhood. This 4-bedroom, 3-bathroom property combines modern design, $51k in premium upgrades, and a prime location for an exceptional living experience. Enjoy the convenience of being within walking distance of iconic Austin destinations like Radio Coffee & Beer, End of an Ear, and Uncommon Objects. Just minutes from South Lamar, South Congress, and grocery stores such as Central Market, Sprouts, and Wheatsville, this home offers proximity to Zilker Park, making it an ideal base for enjoying Austin’s renowned festivals and attractions. Start your mornings with a swim at Barton Springs or a hike along the Greenbelt. The thoughtfully designed floor plan features concrete floors, tall ceilings, and curated details throughout. At the heart of the home, the kitchen boasts a quartz waterfall island, Bosch stainless appliances, custom cabinetry, and designer tilework, creating a space that is both beautiful and functional. A guest bedroom and full bath on the main level provide versatility, whether for guests or a home office. Upstairs, the primary suite provides a spacious layout, including a spa-like ensuite bath with a walk-in shower, soaking tub, dual vanities, and a generous walk-in closet. Two additional bedrooms, a full bathroom, and a secondary living area complete the upper level. From the second-floor living room, step out onto the patio, where a spiral staircase leads to the expansive rooftop deck. This stunning space offers panoramic skyline views, perfect for entertaining or enjoying evenings under the stars. The backyard is equally inviting, with a custom deck, grill station, and a rainwater collection system. Additional features include an attached single-car garage, a private driveway, and Google Fiber. Make this space uniquely yours—ask about a credit to update the kitchen cabinet color of your preference.

Investor Tools

Property Icon
$788,227
Estimated Property Value
$693,283Estimated Mortgage Balance
$96,307Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,394 /month
Positive
Cash Flow Estimate:
$1,798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,402/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,877
$788,227
2025
$147,675
$640,552
$788,227
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,877
$788,227

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capstar Lending Llc
Conventional
$548,250
No
First
Feb 23, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$693,283
$94,944
12%
88%
$4,615/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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1606 Grayford Dr # 1 | Property Details | No Agent List