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$769,000

2502 Colby Cv, Austin, TX, 78723

Off MarketInfo
Beds4 Beds
Baths1 Bath
Baths2,459 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.87 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1.75Bathrooms Full 1.75
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesBar Fridge, Dishwasher, Disposal, Free-Standing Gas Range, Refrigerator, Vented Exhaust Fan, Wine Refrigerator
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Entrance, Private Yard
Lot Size18,095 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN0226230209
Lot Number30
SubdivisionUniversity Hills West
Land Use1 Family Dwelling
Legal DescriptionLOT 30 UNIVERSITY HILLS WEST
Census Tract002113
Assessed Land Value$287,793
Assessed Improvement Value$121,747
Assessment Year2025

About this property

As-is sale on a giant lot in University Hills! Investor/developer special-- tons of opportunity and options for upcycling this property! Unique property with a single family home + an apartment built onto the back of it with its own kitchen, bath, living, bedroom, walk-in closet, HVAC, electric meter, etc. Fix & flip for generational living, a built in STR opportunity, or potentially put the property into a condo association & flip into two units for resale. OR teardown to rebuild in one of East Austin's most iconic neighborhoods. There could be potential to add a third dwelling unit, but buyer to verify. This home is in an estate--the executor has no knowledge of property condition other than what is visible. Shed does not convey.

Investor Tools

Property Icon
$769,000
Estimated Property Value
$508,889Estimated Mortgage Balance
$270,601Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,614 /month
Positive
Cash Flow Estimate:
$1,538 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$819/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$409,540
2025
$287,793
$121,747
$409,540
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$409,540

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$508,889
No
First
Mar 19, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$499,165
$348,835
41%
65%
$3,052/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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2502 Colby Cv | Property Details | No Agent List