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$1,308,000

1609 Drake Ave, Austin, TX, 78704

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,937 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$412.49 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
HeatingHeating
CoolingCooling

Exterior

Lot Size6,321 sqft

Building Information

Year Built1930
Stories1
Roof Type112

Land Information

APN03020015080000
Lot Number8
SubdivisionFairview Park
Land UseResidential
Legal DescriptionLOT 8 BLK 12F FAIRVIEW PARK
Census Tract001401
Assessed Land Value$602,398
Assessed Improvement Value$365,557
Assessment Year2025

About this property

Amazing artist's retreat in the heart of Travis Heights. Handcrafted details everywhere you look. Reclaimed materials matched with designer finishes. 1201 sf 2/2 main house features wood flooring, gourmet kitchen with Kitchen Aid appliances, artisan light fixtures, and luxurious master suite. 736 sf 1/1 studio (recently rented for $1,395 per month) features unique loft with bed and office area. Lush backyard with established landscaping, deck and storage shed. Just a few blocks to S. Congress.Guest Accommodations: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$1,308,000
Estimated Property Value
$450,000Estimated Mortgage Balance
$948,687Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,848 /month
Positive
Cash Flow Estimate:
$2,616 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,723/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$967,955
2025
$602,398
$365,557
$967,955
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$967,955

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$450,000
No
First
Oct 5, 2016
Sep 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$360,261
$873,739
70%
28%
$2,698/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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1609 Drake Ave | Property Details | No Agent List