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$512,000

NAL Estimated Property Value

2605 Lehigh Dr, Austin, TX, 78723

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,960 Sq Ft
price_per_sqft$293.37 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Exhaust Fan, Disposal, Gas Range, Plumbed For Ice Maker, Range, Range Hood
FlooringCarpet, Terrazzo, Wood

Exterior

Exterior FeaturesLighting
Lot Size11,247 sqft

Building Information

Year Built1964
Stories2
Roof Type105
Garage Spaces2

Land Information

APN02242203270000
Lot Number21
SubdivisionUniversity Hills Sec 2 Phs 5
Land UseResidential
Legal DescriptionLOT 21 BLK 9 UNIVERSITY HILLS SEC 2 PHS 5
Census Tract002113
Assessed Land Value$263,525
Assessed Improvement Value$181,288
Assessment Year2025

About this property

This house is a MUST SEE! Simply the best house in all of University Hills for the money. This beautiful 3 bed/2.5 bath home has loads of great features: double entry front door w/ glass panels; fresh interior paint; terrazzo tile entry floor; formal dining and office downstairs (could easily be 4th bedroom); beautiful open kitchen/living design with moveable island, granite counters, large pantry w/ pull-out shelves & hardwood floors; TONS of closet space; large master w/ ensuite, separate vanity area, glass door walk-in shower, a great mix of new & original one-of-kind tile; living room opens to covered patio & backyard oasis; front/back irrigation; huge 2-car attached garage; added parking for boat/RV; replaced sewer & water lines; solar panels. Great location 5 minutes from Mueller district, 10 min from downtown, 15 min from airport & close to all major thoroughfares (130, 183, 290, I35 & Mopac).

Investor Tools

Property Icon
$512,000
Estimated Property Value
$537,718Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$755/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$444,813
2025
$263,525
$181,288
$444,813
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$444,813

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$575,000
Yes
First
Oct 28, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$537,718
N/A
0%
105%
$3,448/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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2605 Lehigh Dr | Property Details | No Agent List