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$559,000

2003 Fair Oaks Dr, Austin, TX, 78745

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,575 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$354.92 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.75Bathrooms Full 1.75
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Microwave
FlooringCarpet, Linoleum, Wood

Exterior

Private PoolPrivate Pool
Lot Size8,817 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces1

Land Information

APN04121108070000
Lot Number15
SubdivisionSouthern Oaks Sec 1
Land UseResidential
Legal DescriptionLOT 15 BLK C SOUTHERN OAKS SEC 1
Census Tract030300
Assessed Land Value$310,307
Assessed Improvement Value$246,201
Assessment Year2025

About this property

NEW MAJOR SYSTEMS. MOVE IN WITHOUT THE MUST-DO LIST. 2003 Fair Oaks Drive—a beautiful, light-filled 3-bedroom South Austin home with the character of an established Austin neighborhood with the essential and expensive improvements already completed. The list is impressive: Roof (2024), HVAC (2025), water heater (2025), new windows, copper plumbing, whole-home charcoal water filtration, new bamboo flooring, remodeled kitchen and more. The big-ticket work has been done, giving the next owner the rare opportunity to move in, enjoy the home and have the peace of mind that comes with newer major systems. Inside, an abundance of natural light pours through the large bay windows, filling the open living spaces with warmth. The remodeled kitchen feels fresh and inviting, with views out to the private, fenced backyard. Original personality and playful details preserve the home’s unmistakable Austin charm, while an incredibly functional laundry room with built-in cabinetry adds storage and everyday ease rarely found in homes of this era. Outside, magnificent mature live oaks anchor the property. The large, private backyard offers room to gather, garden and play beneath the trees, while a detached shed is ready to become a studio, creative space, workshop or home office. Everyday life here is easy. A neighborhood market is just around the corner for daily essentials, family-friendly parks are nearby, and Downtown Austin is approximately a 20-minute drive away. Add easy access to South Austin restaurants, shopping and neighborhood favorites, and you’re connected to the city while still coming home to an established neighborhood with room to breathe. The major systems are new. The expensive work is done. The character is still here. Just move in and make it yours.

Investor Tools

$433,151Estimated Mortgage Balance
$138,124Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,414 /month
Positive
Cash Flow Estimate:
$1,138 /month

Interested in this property?

Prima Womack

Womack Real Estate LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$844/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,285
$504,771
2025
$310,307
$246,201
$556,508
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,285
$504,771

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$460,750
No
First
Feb 3, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$433,151
$115,849
21%
76%
$2,763/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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