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$987,000

NAL Estimated Property Value

3503 Lakeland Dr, Austin, TX, 78731

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,849 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$593.83 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size10,324 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces2

Land Information

APN0132030508
Lot Number2
SubdivisionHighland Park West Sec 3
Land Use1 Family Dwelling
Legal DescriptionLOT 2 BLK F HIGHLAND PARK WEST SEC 3
Census Tract000102
Assessed Land Value$440,877
Assessed Improvement Value$275,634
Assessment Year2025

About this property

NOTE: 3rd BR is used as a home office with flexibility to double as a guest bedroom but doesn't function well as an everyday bedroom. Solid 1954-vintage Cold War bungalow with Mid-Century Modern touches has been opened up and beautifully renovated. Great light and great livability. Kitchen now connects to den, which opens to front of house via large pocket doors and to backyard via 12-foot sliding glass doors. Owner retained built-in drawers and wardrobes in bedrooms; totally charming. Brushed brass hardware throughout adds a modern touch. Large kitchen with new counters and tile, deep & wide sink. Bosch appliances. White oak floors throughout. Flexible floor plan. One-car garage with one-car tandem carport PLUS circular driveaway. Backyard slopes up to elevated terrace. Large storage building. Great neighborhood, great schools.. Must be seen.

Investor Tools

Property Icon
$987,000
Estimated Property Value
$686,568Estimated Mortgage Balance
$301,500Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,588 /month
Positive
Cash Flow Estimate:
$2,196 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,283/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$716,511
2025
$440,877
$275,634
$716,511
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$716,511

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$703,190
No
First
Dec 26, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$686,568
$245,432
26%
70%
$4,216/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,110/mo
$4,216/mo
$-2,106/mo
2.6%

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 Lakeland Dr | Property Details | No Agent List