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$997,711

NAL Estimated Property Value

3509 Lakeland Dr, Austin, TX, 78731

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,248 Sq Ft
price_per_sqft$400.64 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesGas Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven, Refrigerator, Washer, Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size9,021 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces2

Land Information

APN01320305050000
Lot Number5
SubdivisionHighland Park West Sec 3
Land UseResidential
Legal DescriptionLOT 5 BLK F HIGHLAND PARK WEST SEC 3
Census Tract000102
Assessed Land Value$425,476
Assessed Improvement Value$575,090
Assessment Year2025

About this property

Mid century modern home with easy access to MoPac. A blank canvas in a highly desired neighborhood, and ready for someone to put heir own personal touches on it. Highland Park Elementary. You'll love the private, serene outdoor courtyard with your morning coffee or a gathering of friends. Backs to a wooded tract with beautiful adult trees. Come see it today!FEMA - Unknown Guest Accommodations: Yes Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$997,711
Estimated Property Value
$496,840Estimated Mortgage Balance
$500,871Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,986 /month
Positive
Cash Flow Estimate:
$1,995 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,186/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,239
$997,711
2025
$425,476
$575,090
$1,000,566
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,239
$997,711

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$548,250
No
First
Jun 14, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$496,840
$500,871
50%
50%
$3,288/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,110/mo
$3,288/mo
$-1,178/mo
2.5%

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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3509 Lakeland Dr | Property Details | No Agent List