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$616,519

48 East Ave # 3203, Austin, TX, 78701

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths641 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$826.83 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesOven, Built-In Electric Oven, Built-In Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size52 sqft

Building Information

Year Built2021
Stories1
Garage Spaces1

Land Information

APN02030330420000
Subdivision48 East Condominiums
Land UseResidential
Legal Description48 EAST CONDOMINIUMS UNT 3203 0.2982%INT IN COMMON AREA
Census Tract001103
Assessed Land Value$36,323
Assessed Improvement Value$580,196
Assessment Year2025

About this property

This elevated condominium is located on the top residential floor and captures unobstructed Lady Bird Lake views, pool views, and sweeping Downtown Austin scenery through dramatic floor-to-ceiling windows and a private balcony designed to take full advantage of the skyline and waterfront setting. Refined interior finishes include rich hardwood floors, a sleek glass-enclosed shower, premium appliances, washer, dryer, refrigerator, TV, and housewares, creating a turnkey offering. Set in the highly desirable Rainey Street Historic District, the STR-approved residence places you moments from Lady Bird Lake, the Ann and Roy Butler Hike & Bike Trail, downtown dining, nightlife, coffee shops, and Austin’s best urban conveniences. There is one reserved garage parking space for the unit, and featured building amenities include 24-hour valet service, Wi-Fi, trash service, a 33rd-floor rooftop pool and clubhouse, state-of-the-art fitness center with Peloton studios, yoga room, outdoor workout area, co-working lounges, lobby coffee bar, landscaped terrace with rooftop fireplace, bike storage, dog run, and pet washing station.

Investor Tools

Property Icon
$616,519
Estimated Property Value
$383,000Estimated Mortgage Balance
$246,093Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,699 /month
Positive
Cash Flow Estimate:
$1,233 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,341/month
$487/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,012
$616,519
2025
$36,323
$580,196
$616,519
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,012
$616,519

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Fund I Llc
Commercial
$383,000
No
First
Jul 25, 2024
Jul 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$370,426
$246,093
39%
60%
$2,297/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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48 East Ave # 3203 | Property Details | No Agent List