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Owner Contacts

$249,878

NAL Estimated Property Value

3309 Grooms ST 203-2, Austin, TX, 78705

Off Market

1 Beds

1 Bath

505 Sq Ft

Condos / Townhouses

$495.05 / sqft

Built in 1949

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

AppliancesGas Range, Microwave, Stainless Steel Appliance(s), Washer/Dryer Stacked, Water Heater

FlooringTile, Wood

Exterior

Private Pool

Exterior FeaturesLighting

Lot Size1,246 sqft

Building Information

Year Built1949

Stories1

Land Information

APN02170620120000

Lot Number203

SubdivisionEscala At 34th Condominiums

Land UseCondominiums

Legal DescriptionUNT 203 BLD 2 ESCALA AT 34TH CONDOMINIUMS PLUS 6.25 % INT IN COM AREA

Census Tract000500

Assessed Land Value$124,700

Assessed Improvement Value$125,178

Assessment Year2025

About this property

Fabulous 1-bedroom, 1-bath condo located in the heart of North Campus at 3309 Grooms St in Austin, Texas. This home exudes charm, featuring original hardwood floors, casement windows, and a recently renovated bathroom. The spacious kitchen boasts a new gas range and microwave, making it perfect for any cooking enthusiast. Additionally, the unit includes a washer and dryer for your convenience. This highly functional condo is move-in ready with recent upgrades. The property also offers one uncovered parking space and ample street parking for guests. Located on a quiet street with the feeling of being in Hyde Park, yet close to the University of Texas, vibrant local eateries, shops, and parks.

Investor Tools

$249,878

Estimated Property Value

$205,209Estimated Mortgage Balance

$44,669Estimated Equity

17% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,500 /month

Positive

Cash Flow Estimate:

$500 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$104/month

$278/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

N/A

$249,878

2025

$124,700

$125,178

$249,878

Tax History

Year

Tax Paid

Assessed Value

2024

N/A

$249,878

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First United Bank & Trust Co

Conventional

$211,500

First

Aug 20, 2024

Sep 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$205,209

$44,669

17%

82%

$1,269/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,700/mo

$1,547/mo

+$153/mo

8.2%

Learn About the Market: Opportunity in Austin

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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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