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Days56Days on Market
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$975,000

306 W Stassney LN 1&2, Austin, TX, 78745

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,604 Sq Ft
OtherOther
price_per_sqft$607.86 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesStainless Steel Appliances
FlooringTile, Wood

Exterior

Lot Size19,262 sqft

Building Information

Year Built1946
Stories1
Garage Spaces2

Land Information

APN04160902080000
Lot Number1
SubdivisionPleasant Hill Addn
Land UseResidential
Legal DescriptionW 24FT OF S 158FT OF LOT 1 & S 158FT OF LOT 2 BLK 2 PLEASANT HILL ADDN
Census Tract002444
Assessed Land Value$385,265
Assessed Improvement Value$237,147
Assessment Year2025

About this property

306 W Stassney Lane is a unique opportunity w/ current residential tenants in place to cover costs while commercial or residential development is explored. For example, recent State changes under SB840 allows up to 54 units per acre and reduces compatibility setbacks, call COA for info. The property totals .44 acres with two separate updated residential buildings (2022) that could easily be converted to offices, additional fencing and landscaping completed after photos, multiple storage buildings on property. Ample parking in the front with green areas in the back that could be converted for additional parking or new dwelling, Stassney frontage allows for great visibility w/ 13,000 cars passing per day. GO-MU-NP zoning, suited for a wide range of professional uses including medical, wellness, creative studios, professional offices, or live/work concepts.

Investor Tools

$517,706Estimated Mortgage Balance
$104,706Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,850 /month
Positive
Cash Flow Estimate:
$1,950 /month

Interested in this property?

Harrison Carr

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,215/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,468
$622,412
2025
$385,265
$237,147
$622,412
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,468
$622,412

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
R Bank
Unknown
$568,000
No
First
Oct 28, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$517,706
$104,706
16%
83%
$3,406/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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306 W Stassney LN 1&2 | Property Details | No Agent List