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$597,000

NAL Estimated Property Value

402 Teal, Lakeway, TX, 78734

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,022 Sq Ft
price_per_sqft$170.62 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Free-Standing Range, Refrigerator
FlooringTile, Wood

Exterior

Lot Size21,414 sqft

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APN01418008080000
Lot Number196
SubdivisionLakeway Sec 2
Land UseResidential
Legal DescriptionLOT 196 LAKEWAY SEC 2
Census Tract033100
Assessed Land Value$237,310
Assessed Improvement Value$272,955
Assessment Year2025

About this property

Just remodeled one-story contemporary mid-century modern home in the best part of Lakeway. Open floor plan, 3 bedrooms 2-1/2 baths. New roof, SS appliances, wood floors, tile, doors, trim, baseboards and much more. Walk to Lakeway Marina, golf, tennis, Lakeway Resort & Spa and Activity Center. Huge wooded half acre corner lot with circular drive. Fenced back/side yard perfect for pets, playset, boat trailer, RV parking or gardening. Courtyard patio and rooftop deck are an entertainer’s delight.Restrictions: Yes

Investor Tools

Property Icon
$597,000
Estimated Property Value
$299,457Estimated Mortgage Balance
$298,754Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,582 /month
Positive
Cash Flow Estimate:
$1,194 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$823/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,891
$510,265
2025
$237,310
$272,955
$510,265
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,891
$510,265

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$335,700
Yes
First
Aug 24, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$299,457
$309,543
50%
50%
$2,013/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$2,013/mo
+$867/mo
5.8%

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: Lakeway

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402 Teal | Property Details | No Agent List