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$734,188

3011 E Martin Luther King Jr Blvd # 1, Austin, TX, 78702

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.05 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Exhaust Fan, Microwave, Free-Standing Range, Refrigerator, Stainless Steel Appliance(s)
FlooringConcrete, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Lighting, Private Yard
Lot Size3,602 sqft

Building Information

Year Built2018
Stories3
Roof Type112
Garage Spaces1

Land Information

APN02121319020000
Lot Number1
Subdivision3011 E Mlk Site Condominiums
Land UseResidential
Legal DescriptionUNT 1 3011 E MLK SITE CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract000802
Assessed Land Value$100,000
Assessed Improvement Value$634,188
Assessment Year2025

About this property

Available 3/1/25. East Austin living at its best! Downtown skyline views + modern finishes & a super walkable location make this contemporary East Austin property a DREAM home! Walk to Zeds, Birdie's (voted a Top 50 Restaurant in US by NY Times), Houndstooth Coffee & the MLK Train Station, providing easy access to Downtown, The Domain & more. This is not just a home, it's a lifestyle! The house itself is like new, meticulously maintained by the owners. The open concept, the super private backyard & third story rooftop terrace w/glass surround & impeccable views make this home absolutely ideal for entertaining! Oversized windows bathe the living spaces in warm natural light & highlight many of the home's unique features such as the glass paneled railing adorning the staircases & enhancing the feel of that open & airy concept. Distinctive architectural elements, coupled w/designer-style lighting & fixtures help this gorgeous, custom home stand above the rest. The kitchen is extremely functional w/walk-in pantry & under counter microwave amongst other upgraded features. The owners' suite will not disappoint & boasts a beautiful marble walk-in shower + walk-in closet & much more! The 3rd story makes the perfect flex space-an office, a playroom, guest space-whatever one's heart desires BUT the star of this floor is the downtown view & large rooftop terrace. Enjoy a glass of wine as the sun sets over the skyline & you wind down for the day, put in a coffee bar so you can wake up w/the hustle & bustle of the city & be sure to watch the fireworks on holidays over that iconic downtown view. The stellar location really is unbeatable-walk to the community garden at MLK Station & Boggy Creek Greenbelt Trails, or hop in the car to be at Mueller (w/an HEB, tons of shops & restaurants, etc) within 5 minutes. Easy & quick access to the rest of the East Side, tons of restaurant options, breweries, the new Tesla factory & SO much more.`

Investor Tools

Property Icon
$734,188
Estimated Property Value
$467,500Estimated Mortgage Balance
$327,450Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,405 /month
Positive
Cash Flow Estimate:
$1,468 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,235/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,148
$734,188
2025
$100,000
$634,188
$734,188
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,148
$734,188

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$467,500
No
First
Oct 4, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$407,612
$343,388
45%
56%
$2,803/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,803/mo
$-715/mo
3.4%

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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3011 E Martin Luther King Jr Blvd # 1 | Property Details | No Agent List