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$715,903

NAL Estimated Property Value

48 East Ave 3007, Austin, TX, 78701

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths699 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$812.59 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size57 sqft

Building Information

Year Built2021
Stories1

Land Information

APN02030330240000
Subdivision48 East Condominiums
Land UseResidential
Legal Description48 EAST CONDOMINIUMS UNT 3007 0.3244%INT IN COMMON AREA
Census Tract001103
Assessed Land Value$39,510
Assessed Improvement Value$676,393
Assessment Year2024

About this property

Seize the opportunity to own this one-bedroom condo on the 30th floor, offering Lady Bird Lake views and a much more tranquil downtown experience at this height. Natiivo is perfectly positioned at the footsteps of dynamic Rainey Street, trails on Lady Bird Lake, and the central business district harmoniously blending nature with city life. Currently thriving as a full-time, licensed short-term rental generating solid income, this unit is ideal for those seeking a dynamic and flexible lifestyle with a turnkey in-house Airbnb program whenever one needs or desires to travel. The modern aesthetic features chic white walls paired with loft-inspired concrete ceilings and walls blended with warm wood floors. The stylish kitchen is equipped with open-air shelving and ample cabinet space, and the owner’s suite provides panoramic city and lake views along with a spa-like master bathroom featuring dual sinks and a lavish walk-in shower. Plenty of storage and closets add to the unit’s functionality. Residents have access to an array of amenities, including a rooftop pool, fitness center, valet parking, lobby coffee shop, game room, and dog park. All current furnishings, including refrigerator, washer and dryer, and all furniture, will convey.

Investor Tools

Property Icon
$715,903
Estimated Property Value
$454,965Estimated Mortgage Balance
$260,938Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,295 /month
Positive
Cash Flow Estimate:
$1,432 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$715,903
2024
$39,510
$676,393
$715,903
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$715,903

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Fund I Llc
Commercial
$490,000
No
First
Jun 28, 2022
Jul 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$454,965
$260,938
36%
64%
$2,938/mo

City: Austin

48 East Ave 3007 | Property Details | No Agent List