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$626,000

3503 Govalle Ave, Austin, TX, 78702

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,120 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$714.29 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesExhaust Fan, Microwave, Free-Standing Range
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting
Lot Size10,603 sqft

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces1

Land Information

APN02051502040000
Lot Number2
SubdivisionCherico Subd No 1
Land UseResidential
Legal DescriptionE 68FT OF N 153.89FT LOT 2 BLK B OLT 41-42 DIV A CHERICO SUBD NO 1
Census Tract000801
Assessed Land Value$346,518
Assessed Improvement Value$255,405
Assessment Year2025

About this property

Fantastic opportunity in East Austin! Massive Price Improvement, Motivated Sellers! This charming single level 3 bedroom, 1bath, home is located in the heart of East Austin. Minutes from downtown Austin, situated on a fantastic oversized lot sitting at approximately 0.24 acres, featuring a beautiful in-ground pool and plenty of room for an additional unit at the back of the property. This home was constructed in 1953 with 1,120 sf that has been meticulously maintained throughout its life and shows pride in ownership as there has only been one family to own this property. Minutes from Austin Community College, breweries, restaurants, coffee shops, downtown Austin and only 15 mins from Austin-Bergstrom Airport. Recent updates include fresh paint throughout, new dining light fixture, new roof in 2022, new water heater replaced in 2021, new wood fence in 2020, new pool motor in 2019. All stainless steel appliances and washer and dryer convey with the sale of the home making it the perfect move-in ready home or airbnb rental. Zonability report and new survey available upon request.

Investor Tools

Property Icon
$626,000
Estimated Property Value
$544,820Estimated Mortgage Balance
$112,924Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,146/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,621
$601,923
2025
$346,518
$255,405
$601,923
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,621
$601,923

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homeward Mortgage Llc
Conventional
$544,820
No
First
Mar 20, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$514,848
$87,075
14%
82%
$3,267/mo

Learn About the Market: Opportunity in Austin

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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.

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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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3503 Govalle Ave | Property Details | No Agent List