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$1,145,000

2816 Garwood St Bldg 1, Austin, TX, 78702

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,313 Sq Ft
price_per_sqft$495.03 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Must-SellAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Stainless Steel Appliances, Tankless Water Heater, Wine Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Private Yard
Lot Size3,576 sqft

Building Information

Year Built2023
Stories2
Garage Spaces1

Land Information

APN0205130202
Subdivision2816 Garwood Condominiums
Land UseCondo
Legal Description2816 GARWOOD CONDOMINIUMS UNT 1 PLUS 53 % INT IN COM AREA
Census Tract000902
Assessed Land Value$145,750
Assessed Improvement Value$928,029
Assessment Year2025

About this property

2816 Garwood brings a distinctive Mediterranean-Spanish influence to East Austin, pairing Steve Zagorski's architecture with interiors by Begonia Barbancho and construction by LBF Homes. A custom steel-and-glass front door introduces the home, where natural light, warm materials, and thoughtful architectural details set the tone. The open main level is anchored by a sculptural kitchen with floor-to-ceiling custom walnut cabinetry, Taj Mahal stone countertops, and a curved island that softens the room's architectural edge. Luxury white appliances, including a wine refrigerator, keep the palette clean while allowing the walnut and stone to take focus. Expansive sliders at the front and rear create an easy connection to the outdoors and bring additional light into the living spaces. Designer tile, lighting, and Mediterranean-inspired details continue throughout the home, giving each space its own identity while maintaining cohesion. A distinctive triangle-shaped window overlooking the front yard adds another architectural moment, while integrated built-ins provide storage throughout. The home includes four bedrooms, two with en suite baths, and three and a half bathrooms across 2,313 square feet. Upstairs, the primary suite opens to its own covered patio and a spacious bath with a freestanding soaking tub, dual vanities, a walk-in wet area with dual shower heads, and elevated plumbing and tile selections. Three covered patios create multiple outdoor living spaces, while the front and backyard have been refreshed with new landscaping and turf. A mural painted across the rear fence by a local artist gives the space an original sense of place and turns the yard into an extension of the home's design. The layout also allows for a future pool. The entire interior has been freshly painted, giving the home a move-in-ready feel. Select furniture and artwork are available for purchase, allowing the property to be sold partially furnished.

Investor Tools

$758,948Estimated Mortgage Balance
$317,931Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,870 /month
Positive
Cash Flow Estimate:
$2,290 /month

Interested in this property?

Kelton Finley

Douglas Elliman Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,754/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,073,779
2025
$145,750
$928,029
$1,073,779
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$1,073,779

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Goldman Sachs Bank Usa
Conventional
$770,000
No
First
Jan 18, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$758,948
$314,831
29%
71%
$4,817/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$4,817/mo
$-3,191/mo
1.8%

City: Austin