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$356,500

NAL Estimated Property Value

2216 San Gabriel ST 204, Austin, TX, 78705

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths836 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$418.54 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Free-Standing Range, Refrigerator, Washer/Dryer Stacked, Electric Water Heater
FlooringLaminate, Wood

Exterior

Private PoolPrivate Pool
Lot Size1,294 sqft

Building Information

Year Built1982
Stories1

Land Information

APN01130008260011
Lot Number301
SubdivisionSomerset Condominiums
Land UseCondominiums
Legal DescriptionUNT 204 BLD A SOMERSET CONDOMINIUMS PLUS 4.1667% INTEREST IN COMMON AREA
Census Tract000607
Assessed Land Value$194,220
Assessed Improvement Value$162,280
Assessment Year2025

About this property

Rare three bedroom condo that's within walking distance of the University of Texas campus. UT shuttle stops right up front or walk to campus in just minutes. All wood floors through out. Comes with two reserved parking spaces. All appliances convey including washer and dryer. Built in microwave. Each bedroom has a private balcony. Great investment property. Storage unit on site as well

Investor Tools

Property Icon
$356,500
Estimated Property Value
$21,835Estimated Mortgage Balance
$334,665Estimated Equity
93% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,139 /month
Positive
Cash Flow Estimate:
$713 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$743/month
$280/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,130
$356,500
2025
$194,220
$162,280
$356,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,130
$356,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Indymac Mtg Holdings Inc
N/A
$85,500
N/A
First
Jul 29, 1999
Aug 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$21,835
$334,665
93%
6%
$658/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$938/mo
+$1,622/mo
8.6%

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.

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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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2216 San Gabriel ST 204 | Property Details | No Agent List