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$390,639

3404 American DR 1301, Lago Vista, TX, 78645

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths705 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$248.21 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
AppliancesDishwasher, Disposal, Microwave, Oven, Refrigerator
FlooringCarpet, Laminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock, RV Hookup
Lot Size10,568 sqft

Building Information

Year Built1987
Stories1
Garage Spaces1

Land Information

APN01689003530000
Lot Number1224
SubdivisionIsland On Lake Travis Condominium Amende
Land UseResidential
Legal DescriptionUNT 1224 ISLAND ON LAKE TRAVIS CONDOMINIUM AMENDED THE PLUS .5688 % INT IN COM AREA
Census Tract037400
Assessed Land Value$84,541
Assessed Improvement Value$306,098
Assessment Year2025

About this property

Serenity found at the Island on Lake Travis with this stunning view of Austin's premier Lake Travis. This condo is updated and ready for you to take possession. The community has two outdoor pools and one indoor with a fitness center. Everything is here...tennis, lake access, picnic areas and beautiful landscaping throughout the complex. Lake is full, sun is bright! Come see!Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$390,639
Estimated Property Value
$0Estimated Mortgage Balance
$288,965Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,344 /month
Positive
Cash Flow Estimate:
$781 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$887/month
$351/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,697
$390,639
2025
$84,541
$306,098
$390,639
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,697
$390,639

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Colonial National Mortgage
N/A
$127,000
N/A
First
Oct 10, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$101,674
$288,965
73%
26%
$762/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$1,113/mo
+$577/mo
5.2%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lago Vista

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