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$736,000

2702 Magellan Dr, Austin, TX, 78733

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,484 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$481.81 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size13,961 sqft

Building Information

Year Built1982
Stories1
Roof Type112
Garage Spaces3

Land Information

APN01353402050000
Lot Number2
SubdivisionAustin Lake Estates Sec 2
Land UseResidential
Legal DescriptionLOT 2 BLK 8 AUSTIN LAKE ESTATES SEC 2
Census Tract033900
Assessed Land Value$409,803
Assessed Improvement Value$278,921
Assessment Year2025

About this property

Live the Lake Austin lifestyle in Eanes ISD! This updated ranch style home is cozy, warm, and move in ready. Enjoy morning coffee on the quiet front porch and a ~5 minute walk to the private neighborhood park on the banks of Lake Austin. This park is the heartbeat of the neighborhood and cultivates its down-to-earth community-oriented feel. From docks, a boat ramp, kayaks, large lap pool, ample green space, sand volleyball, basketball, and playgrounds, this park has something for all ages and is a rare and coveted amenity to have in Austin, particularly in its highest rated school district. The house itself is nicely set back on the nearly 14,000 SF lot, and upon entering the property you’re greeted by beautiful vaulted ceilings with wooden beams, Saltillo tile, a large stone fireplace, and a built in book case providing both function and warmth to the space. The living space and kitchen are open concept, perfect for entertaining and daily life. The floorplan is very functional, with the oversized primary suite on one side of the home, and the 2nd and 3rd bedrooms on the opposite side for privacy and separation. The primary suite is expansive, and offers vaulted ceilings in the bedroom, and 2 closets and dual vanities in the bathroom. The backyard is low maintenance with recent xeriscaping, multiple entertaining areas, and a covered deck perfect for watching football in the fall. There is something truly special about life in Austin Lake Estates and the Cuernavaca area – come see for yourself! Park located at 3106 Edgewater Dr is a must see!

Investor Tools

Property Icon
$736,000
Estimated Property Value
$580,000Estimated Mortgage Balance
$185,100Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,416 /month
Positive
Cash Flow Estimate:
$1,472 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,206/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,794
$688,724
2025
$409,803
$278,921
$688,724
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,794
$688,724

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$580,000
No
First
Aug 4, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$551,830
$141,170
20%
75%
$3,478/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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