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$607,000

501 West Ave Apt 2302, Austin, TX, 78701

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths846 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$4.43 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
AppliancesBuilt-In Electric Range, Built-In Refrigerator, Cooktop, Dishwasher, Disposal, Gas Range, Microwave, Oven, Stainless Steel Appliance(s)
FlooringStone, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size52 sqft

Building Information

Year Built2018
Stories1
Garage Spaces1

Land Information

APN01070033940000
Lot Number2302
SubdivisionFifth & West Residences Condominium
Land UseResidential
Legal DescriptionUNT 2302 FIFTH & WEST RESIDENCES CONDOMINIUM PLUS .3137 % INT IN COM AREA
Census Tract001102
Assessed Land Value$11,803
Assessed Improvement Value$547,099
Assessment Year2025

About this property

*Unit 2302 offers one of the rare electric car charging garage spaces available at Fifth & West! Come home to a light-filled space at the luxurious Fifth & West Residences. Your new home is located on the 23rd floor, affording sought-after views as well as peace and quiet. See agent for a discounted rent option for a two-year lease. With seamless western views that extend from Lady Bird Lake to the Hill Country, you can enjoy the natural beauty of Austin while living in the center of it all. Entertain with style in the open layout. A sleek kitchen occupies an oversized footprint, perfect for food-lovers and home chefs. The thoughtfully designed kitchen includes upgraded Miele appliances, a built-in refrigerator, quartz-topped center island with a waterfall edge and breakfast bar seating. Your owner’s suite is an escape from your busy life and comes complete with blackout shades and an oversized walk-in closet. Walls of glass with motorized window shades and 9-foot ceilings make this 1 bedroom/1.5 bath residence feel more spacious. Fifth and West reframes the art of living downtown with striking residences, and a perfect downtown location. With Austin's fashionable outdoor dining and the city's best nightlife just a stroll away, every day is an opportunity for a new experience. For moments of reprieve, the proximity to Whole Foods and Lady Bird Lake's tranquil trails provides a seamless blend of urban excitement and natural calm. At Fifth & West, you don't just find a home; you discover a lifestyle where luxury, convenience, and cultural vibrancy exist in perfect harmony. Enjoy amenities including 24-hour concierge, a fitness/yoga center, indoor pet park, and a pool. Washer and dryer included. Up to 2 pets negotiable with a deposit plus a one-time $350 fee depending on size. Pet deposit amount is dependent on Landlord’s discretion. Tenant occupied through April 2025. 4-Hour Advance Showing Notice Preferred. Call or text listing agent to schedule a showing.

Investor Tools

Property Icon
$607,000
Estimated Property Value
$439,624Estimated Mortgage Balance
$220,436Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,642 /month
Positive
Cash Flow Estimate:
$1,214 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,284/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,379
$558,902
2025
$11,803
$547,099
$558,902
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,379
$558,902

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loanpeople Llc
Conventional
$439,624
No
First
Mar 19, 2020
Apr 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$387,372
$171,530
30%
64%
$2,636/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,636/mo
$-556/mo
4.1%

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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