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$1,121,038

NAL Estimated Property Value

308 Terrace DR A, Austin, TX, 78704

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,903 Sq Ft
price_per_sqft$656.86 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Free Standing Gas Range, Disposal, Range Hood, Stainless Steel Appliances
FlooringStone, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size12,188 sqft

Building Information

Year Built2007
Stories2
Roof Type183
Garage Spaces1

Land Information

APN03020017020000
Lot NumberA
Subdivision308 Terrace Drive Condominiums
Land UseResidential
Legal DescriptionUNT A BLD 1 308 TERRACE DRIVE CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract001401
Assessed Land Value$450,000
Assessed Improvement Value$671,038
Assessment Year2025

About this property

Immerse yourself in the essence of modern living with this Travis Heights gem. The 3 bed, two & half bath home spans w/1 garage, 1 carport & 1,903 sq. ft. is complemented by an additional 231 sq. ft. rooftop bonus room, perfect for yoga sessions, a home office, or efficient storage.An open-concept layout defines the living / kitchen areas, where flat-panel cabinetry & sleek granite countertops set the stage for culinary adventures & stylish entertaining. A built-in dry bar & adjacent screen porch offers a tranquil retreat for savoring your favorite beverage or diving into a captivating book. This serene space effortlessly transitions to a spacious backyard patio, enveloped by lush landscaping for utmost privacy. The primary suite on the main level has a spa-inspired bathroom, complete with a lavish soaking tub & a walk-in shower. A generously sized walk-in closet adds to the allure of this personal sanctuary. Ascending to the second level, discover a versatile studio landing, currently utilized as a home office but adaptable to accommodate fitness equipment like a Peloton or treadmill. The second floor showcases two expansive bedrooms, each featuring walk-in closets. Sun-drenched interiors, framed by expansive windows, create a welcoming ambiance throughout.Relish Austin's dynamic skyline from two rooftop terraces, perfect for hosting gatherings or unwinding amidst the urban panorama. The first rooftop terrace boasts a covered pergola. Ascend the unique spiral staircase to the rooftop deck, where unobstructed city views set the stage for unparalleled relaxation or entertainment. A discreet "hobbit door" unveils an additional 231 square feet of versatile space, offering panoramic view of the St Edwards tower.Elevate your outdoor experience in the expansive yard, featuring xeriscaping. This residence exudes charm and privacy of a standalone home, with a shared connection at the carport. Walk to South Congress' eclectic shops, restaurants, parks.

Investor Tools

Property Icon
$1,121,038
Estimated Property Value
$900,728Estimated Mortgage Balance
$220,310Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,391/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,081
$1,121,038
2025
$450,000
$671,038
$1,121,038
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,081
$1,121,038

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citibank Na
Conventional
$932,800
No
First
Apr 3, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$900,728
$220,310
19%
80%
$5,593/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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308 Terrace DR A | Property Details | No Agent List