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$338,000

408 Broade Way, Leander, TX, 78641

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,736 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$97.93 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash BuyersVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
FlooringWood

Exterior

Lot Size19,994 sqft

Building Information

Year Built1920
Stories1

Land Information

APNR-17-W000-6000-0029-A004
Land UseResidential
Legal DescriptionAW0006 HARMON, E. D. SUR., ACRES .459
Census Tract020331
Assessed Land Value$131,961
Assessed Improvement Value$152,913
Assessment Year2025

About this property

Calling all investors! Nestled in the heart of Leander, TX this prime investment opportunity is located just minutes from Downtown and surrounded by a wave of new development, including retail, commercial spaces, apartments, and residential subdivisions. With major developments rising nearby, this is your chance to capitalize on a highly discounted property in a highly sought-after location. With a county-appraised value of $276,988, this fixer upper is being sold as-is, cash only, making it an ideal fix and flip, rental project or long-term investment. The highly motivated seller will make no repairs, offering this vacant, investor-grade property as is where is—an investor special perfect for those ready to put in some TLC and unlock its impressive ARV. Don’t miss out on this investment property in an investor-friendly market!

Investor Tools

Property Icon
$338,000
Estimated Property Value
$0Estimated Mortgage Balance
$338,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,028 /month
Positive
Cash Flow Estimate:
$676 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$608/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,602
$284,874
2025
$131,961
$152,913
$284,874
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,602
$284,874

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$284,874
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Leander

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408 Broade Way | Property Details | No Agent List