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$512,000

NAL Estimated Property Value

1902 Greenwood Ave, Austin, TX, 78723

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size11,909 sqft

Land Information

APN02121507380000
Lot NumberD;18-21
SubdivisionManor Road Addn
Land UseResidential
Legal DescriptionLOT D *SEABROOKS RESUB OF LOT 18-21 BLK D OLT 51 DIV B MANOR ROAD ADDN
Census Tract002109
Assessed Land Value$440,000
Assessment Year2024

About this property

For Homeowners: Discover the rare opportunity to own the most exclusive and desirable ready-to-build lot in Central East Austin. This vacant lot has been cleared, graded, and fully prepared for your dream home. Enclosed by a modern concrete fence, it offers security, privacy, and a serene environment, perfect for those seeking a peaceful urban oasis. New installed sewer and water line (2021) ensures seamless utility connections. The property features breathtaking views of downtown Austin and is ideally located just 1 minute from Mueller, 5 from UT, 10 from Downtown, and 15 from both the airport and The Domain. This is the only ready-to-build lot of its kind in the area, offering unparalleled convenience and exclusivity in a thriving neighborhood. Don't miss your chance to build in this premier location! Additional Highlight: Build a home up to 4,750 sqft while still enjoying 7,150 sqft of backyard space. This rare lot offers a unique opportunity for luxury living in Central Austin. With over $120,000 of investments recently completed [including sewer & water lines, a modern concrete fence, clearing & grading, a treehouse, and a storage roomg], this property saves you time, effort and significant costs. For Developers: This oversized SF-3 11,909 sqft lot offes a variety of development opportunities with stunning downtown views. Recent new construction comps in the area highlight the property’s exceptional potential. A survey is available in MLS documents. While buyers are responsible for completing their due diligence on all property details, feel free to reach out to us for any questions. We are highly familiar with this unique, ready-to-build lot and can provide valuable insights.

Investor Tools

Property Icon
$512,000
Estimated Property Value
$343,837Estimated Mortgage Balance
$168,688Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$940/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,720
$440,000
2024
$440,000
N/A
$440,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,720
$440,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Verabank Na
Commercial
$350,000
No
First
Apr 3, 2025
Apr 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$343,837
$168,163
32%
67%
$2,099/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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1902 Greenwood Ave | Property Details | No Agent List