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$573,218

4502 Merle DR, Austin, TX, 78745

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,426 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$417.25 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling

Exterior

Lot Size6,634 sqft

Building Information

Year Built1953
Stories1
Roof Type127

Land Information

APN04081224020000
Subdivision4502 Merle Condominiums
Land UseResidential
Legal Description4502 MERLE CONDOMINIUMS UNT 1 PLUS 61.00 % INT IN COM AREA
Census Tract002002
Assessed Land Value$219,600
Assessed Improvement Value$353,618
Assessment Year2025

About this property

Unique buyer for this unique property! 2 Condo Regime. All permitted. The front home was updated from studs inside to siding outside and painted inside and out. Upgraded 2022 double pane windows, electric, plumbing, AC, roof, siding, tankless hot water, kitchen cabinets & quartz countertops, baths updated, one walk-in-shower, meticulously refinished original hardwood floor in living, & 2 bedrooms. Tiled entryway, backyard decking and separate stone patio and walkways. Transferable warranty on foundation. The back lot can be easily built on for a 2-car garage with living above. Use for family/friends/home office, STR, Sport court, garden or build a cabana and put in a pool for hot summer days. City has already approved an additional 1100 sq.ft. condo dwelling that can be built on the 60x60 back lot. Walking distance to public transit, restaurants, coffee shops, grocery. 1/2 mile to major highways, 5 miles to downtown and Zilker Park.

Investor Tools

Property Icon
$573,218
Estimated Property Value
$0Estimated Mortgage Balance
$115,095Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,012/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,281
$573,218
2025
$219,600
$353,618
$573,218
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,281
$573,218

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$475,200
No
First
Apr 11, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$458,123
$115,095
20%
80%
$2,850/mo

Learn About the Market: Opportunity in Austin

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Explore

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.

Explore Texas Explore This Area
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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4502 Merle DR | Property Details | No Agent List