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$1,159,000

NAL Estimated Property Value

1903 Airole Way, Austin, TX, 78704

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,633 Sq Ft
price_per_sqft$611.64 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.75Bathrooms Full 1.75
Bathrooms Half 0.25Bathrooms Half 0.25
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRange
FlooringLaminate, Tile

Exterior

Exterior FeaturesBalcony
Lot Size12,632 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces2

Land Information

APN01020901290000
Lot Number20,19
SubdivisionStenger A D Addn
Land UseResidential
Legal DescriptionLOT 20 PLUS N PORTION OF LOT 19 STENGER A D ADDN
Census Tract001923
Assessed Land Value$990,000
Assessed Improvement Value$75,393
Assessment Year2024

About this property

Rock-solid mid-century house on an elevated lot on Airole Way, an enclave of mid-century-modern gems. Airole Way is destined to be THE premier street in Zilker, with 8 of the other 9 houses on the block (all by AD Stenger) either remodeled and expanded or in that process. Quiet street with no through traffic. Long west views from living areas and balcony. House is very well constructed (all masonry structure up to the ceiling in the lower garage level) but is in substantially original condition. Property is priced for land value, but the house could be something really special in the right hands. Converted screen porch could be reconverted to a lovely outdoor dining room, with pass-through window from the kitchen. Porch room sits on thick elevated slab above garage storage room. Straightforward conversion to 3BR or more by expanding into backyard OR adding another story. Room up and down for an interior staircase and/or an elevator. Many mature live oaks on property. Bring your architect and contractor!

Investor Tools

Property Icon
$1,159,000
Estimated Property Value
$637,579Estimated Mortgage Balance
$522,399Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,954 /month
Positive
Cash Flow Estimate:
$2,318 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,242/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,114
$1,065,393
2024
$990,000
$75,393
$1,065,393
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,114
$1,065,393

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$650,000
No
First
Mar 21, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$637,579
$521,421
44%
55%
$3,898/mo

City: Austin

1903 Airole Way | Property Details | No Agent List