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$602,000

NAL Estimated Property Value

217 Lessin Ln, Austin, TX, 78704

$693,011 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,264 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$415.35 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Range, Gas Oven, Stainless Steel Appliance(s), Electric Water Heater
FlooringBamboo, Carpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size4,090 sqft

Building Information

Year Built1985
Stories2
Roof Type112
Garage Spaces2

Land Information

APN04080406030000
Lot Number217
Subdivision217 Lessin Lane & 216 Krebs Lane Condomi
Land UseResidential
Legal DescriptionUNT 217 217 LESSIN LANE & 216 KREBS LANE CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract001308
Assessed Land Value$196,875
Assessed Improvement Value$190,510
Assessment Year2025

About this property

Fully updated, private detached residence with lush trees and a large backyard. Enjoy beautiful serene views, high ceilings, large windows, and natural light throughout. Two bedrooms and two full baths on separate floors add a level of privacy. Two car garage plus storage, as well as a large driveway, includes plenty of options for parking. Numerous upgrades throughout including stainless steel kitchen appliances, bamboo flooring, and a beautiful fireplace. Outdoor entertaining is endless with a huge covered deck and backyard space, as well as a private second-floor balcony terrace. Excellent location within walking distance to South Congress. This home is in excellent condition and ready for new owners!

Investor Tools

Property Icon
$602,000
Estimated Property Value
$421,195Estimated Mortgage Balance
$180,805Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$693,010
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,612 /month
Positive
Cash Flow Estimate:
$1,204 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$892/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,688
$387,385
2025
$196,875
$190,510
$387,385
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,688
$387,385

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$467,500
No
First
Mar 25, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$421,195
$230,805
35%
70%
$2,803/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$2,803/mo
$-883/mo
3.8%

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.

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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217 Lessin Ln | Property Details | No Agent List