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$1,355,000

NAL Estimated Property Value

502 Terrace Dr, Austin, TX, 78704

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,606 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.49 / sqft
Year BuiltBuilt in 1931

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Refrigerator, Stainless Steel Appliance(s), Washer
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Barbecue, Private Yard
Lot Size6,800 sqft

Building Information

Year Built1931
Stories2
Roof Type105
Garage Spaces1

Land Information

APN03020202220000
Lot Number4
SubdivisionBlue Bonnet Hills
Land UseResidential
Legal DescriptionLOT 4 BLK 4 BLUE BONNET HILLS
Census Tract001401
Assessed Land Value$605,988
Assessed Improvement Value$497,795
Assessment Year2025

About this property

Travis Heights Rare Gem. Charming, clean, bright 1930's bungalow, significantly updated and expanded. Enjoy the summer in the private backyard oasis with pool and hot tub. Main level features living, dining, kitchen and family room with inviting floor plan for entertaining or family gatherings. Main level bed and bath with walk in shower. Additional full bath and flex room can be used as office or additionl bedroom. Second story features 2 bedrooms, bath, large closet and play area with balcony overlooking the pool. Approx. 0.5 miles to South Congress restaurants, shops and so much more!

Investor Tools

Property Icon
$1,355,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,355,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,130 /month
Positive
Cash Flow Estimate:
$2,710 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,027/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$29,545
$1,103,783
2025
$605,988
$497,795
$1,103,783
No

Tax History

Year
Tax Paid
Assessed Value
2024
$29,545
$1,103,783

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,355,000
100%
0%
$0/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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502 Terrace Dr | Property Details | No Agent List