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$661,955

NAL Estimated Property Value

1606 Grayford DR 2, Austin, TX, 78704

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,133 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$525.15 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size4,021 sqft

Building Information

Year Built2018
Stories2
Roof Type112
Garage Spaces1

Land Information

APN04060915030000
Lot Number2
Subdivision1606 Grayford Drive Condominiums
Land UseResidential
Legal DescriptionUNT 2 1606 GRAYFORD DRIVE CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract002006
Assessed Land Value$147,675
Assessed Improvement Value$514,280
Assessment Year2025

About this property

Experience the epitome of modern luxury living in the heart of Austin's vibrant South Lamar neighborhood! This stunning 3-bedroom, 2.5-bathroom home offers 1133 square feet/TCAD of beautifully designed space, perfect for those seeking a stylish urban oasis. Step onto the expansive rooftop deck, perfect for hosting friends and family or simply unwinding after a long day. On the main level, discover a sleek open kitchen and living area adorned with polished concrete floors, custom cabinetry hosting quartz countertops, and Bosch appliances. The first floor also features a convenient half bath for guests, ensuring both style and functionality. Retreat to the luxurious primary bedroom with its ensuite bath, offering the ultimate in comfort and relaxation. Upstairs, you'll find two additional bedrooms and a full bath, providing ample space for family and guests. Outside, a lush backyard with blooming trees provides a serene and private escape from the city bustle. Setback from the street ensures added privacy, while the single-car attached garage and availability of Google Fiber add convenience to your everyday life. Perfectly situated within walking distance to beloved local hotspots like Radio Coffee & Beer and End of an Ear, and just minutes from grocery stores and the bustling South Congress district, this home epitomizes the best of Austin living. Plus, with quick access to major highways and only 15 minutes from the airport and downtown, you'll enjoy unparalleled connectivity to all that Austin has to offer. Condo regime, no HOA dues. Architectural plans are also available, providing the opportunity to create additional square footage.

Investor Tools

Property Icon
$661,955
Estimated Property Value
$503,184Estimated Mortgage Balance
$158,771Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,972 /month
Positive
Cash Flow Estimate:
$1,324 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$956/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,164
$661,955
2025
$147,675
$514,280
$661,955
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,164
$661,955

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$519,435
No
First
Jul 11, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$503,184
$158,771
23%
76%
$3,115/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$3,115/mo
$-1,195/mo
3.5%

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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1606 Grayford DR 2 | Property Details | No Agent List