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$274,000

NAL Estimated Property Value

3204 Menchaca RD 616, Austin, TX, 78704

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths900 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$388.89 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDryer, Microwave, Washer
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run, Lighting, Outdoor Grill, Rain Gutters
Lot Size2,592 sqft

Building Information

Year Built1985
Stories1

Land Information

APN04031013890000
Lot Number616
SubdivisionIvy @ 78704 Condominiums Amended The
Land UseResidential
Legal DescriptionUNT 616 BLD 6 IVY @ 78704 CONDOMINIUMS AMENDED THE PLUS 1.22 % INT IN COM AREA
Census Tract002004
Assessed Land Value$3,110
Assessed Improvement Value$220,758
Assessment Year2025

About this property

Well-appointed 2 bedroom, 2 full bath condo in South Austin’s most popular zip code! This second-floor unit has a spacious open-concept great room and dining area with high ceilings, wood floors, a fireplace, and excellent interior light. stainless appliances, wood cabinets, and granite countertops are just some of the highlights in the updated kitchen. The home's large bedrooms feature newly installed carpet and fresh paint. Quiet location at the back of the complex. Private balcony with dedicated laundry closet (full-size washer/dryer can convey). The community provides a dog park and pool. Turn-key and move-in ready with a rare covered parking space! Enjoy 78704 to the fullest living minutes from coffeehouses, vintage shopping, popular restaurants including Matt’s El Rancho, Loro, and Kerby Lane, and hotspots like Alamo Drafthouse Cinema.

Investor Tools

Property Icon
$274,000
Estimated Property Value
$281,992Estimated Mortgage Balance
$274,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$389/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,295
$223,868
2025
$3,110
$220,758
$223,868
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,295
$223,868

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$308,000
No
First
Apr 15, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,992
N/A
0%
103%
$1,361/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$1,661/mo
+$259/mo
8.4%

City: Austin

3204 Menchaca RD 616 | Property Details | No Agent List