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$474,000

3108 E 51st ST 203, Austin, TX, 78723

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,340 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$305.97 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Refrigerator
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size5,310 sqft

Building Information

Year Built2017
Stories2
Roof Type105
Garage Spaces1

Land Information

APN02172215460000
Lot Number1601
SubdivisionGrove Condominiums
Land UseResidential
Legal DescriptionUNT 1601 GROVE CONDOMINIUMS PLUS 1.923 % INT IN COM AREA
Census Tract002107
Assessed Land Value$212,419
Assessed Improvement Value$254,422
Assessment Year2024

About this property

**Best and Final Offers due by 5pm on Sunday, March 7th. Beautiful Townhome in Gated Community. Open, sunny floor plan with modern design and loaded with luxury features. Stainless Appliances, Granite Countertops, Glass Backsplash. Tall Ceilings, No Carpet on the main floor, Dual Vanities in Master Bath. Backs up to wooded area. The community has its own walking trail. Down the street from everything in Mueller - HEB, Alamo Drafthouse, The Thinkery, Luca D'oro. Quick access to downtown, I-35, 183 and 130.

Investor Tools

Property Icon
$474,000
Estimated Property Value
$0Estimated Mortgage Balance
$211,464Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,844 /month
Positive
Cash Flow Estimate:
$948 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$198/month
$290/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$466,841
2024
$212,419
$254,422
$466,841
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$466,841

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$292,550
No
First
Jan 13, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$262,536
$211,464
44%
55%
$1,754/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,044/mo
+$44/mo
5.3%

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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