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$409,370

1606 Ridgemont Dr, Austin, TX, 78723

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,152 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$238.63 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesCooktop, Oven
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size9,688 sqft

Building Information

Year Built1954
Stories1
Roof Type183
Garage Spaces1

Land Information

APN02221701080000
Lot Number25
SubdivisionDelwood 4 Sec B
Land UseResidential
Legal DescriptionLOT 25 BLK T DELWOOD 4 SEC B
Census Tract002104
Assessed Land Value$261,385
Assessed Improvement Value$147,985
Assessment Year2025

About this property

Absolute bargain! Unbelievable price! Priced low and firm for your pre-approved buyer who wants a great deal on a super home. It won't last long at this low price so do yourself a favor and hurry to write a squeaky clean offer now and save yourself all fun of a counter offer! Don't miss the golden opportunity for a fantastic deal at this desirable location in Austin.

Investor Tools

Property Icon
$409,370
Estimated Property Value
$324,000Estimated Mortgage Balance
$106,377Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,456 /month
Positive
Cash Flow Estimate:
$819 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$758/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,045
$409,370
2025
$261,385
$147,985
$409,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,045
$409,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$324,000
No
First
Nov 2, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$302,993
$107,007
26%
74%
$1,943/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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1606 Ridgemont Dr | Property Details | No Agent List