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$426,000

NAL Estimated Property Value

505 W 7th ST 307, Austin, TX, 78701

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths709 Sq Ft
price_per_sqft$535.97 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesDisposal, Gas Range, Refrigerator, Stainless Steel Appliances
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size440 sqft

Building Information

Year Built1964
Stories1
Roof Type183
Garage Spaces1

Land Information

APN0206010413 47
Lot Number307
SubdivisionPosada Del Rey Condominiums Amended
Land UseCondominiums
Legal DescriptionUNT 307 POSADA DEL REY CONDOMINIUMS AMENDED PLUS 1.41% INT IN COMMON AREA
Census Tract001101
Assessed Land Value$220,470
Assessed Improvement Value$256,031
Assessment Year2024

About this property

MOTIVATED SELLER! BRING ALL OFFERS! Our preferred local lender is offering a 1% buyer credit (based on the loan amount) to apply towards closing costs or an interest rate buy down if you choose to work with them. Conveniently located in the heart of Downtown Austin, this spacious tastefully renovated 1 bed/1 bath condo showcases a modern design with black, white, and wooden touches throughout. An inviting open floor plan seamlessly connects the living room, dining area, and kitchen. In the living room, two built-in bookcases with a cozy fireplace in between provide ample storage for your favorite books and treasures. The kitchen includes wood-look cabinetry and floating shelving ideal for cookbooks or plants, plenty of storage, and a breakfast bar for two. Enjoy a separate designated area for a small dining table as well. The bedroom features a spacious walk-in closet with ample shelving and two casement windows that bring in an abundance of natural light, while the bathroom serves as a true oasis with a soaking tub for unwinding after a long day, a waterfall-like shower head, and a detachable shower head, all complemented by gorgeous tiling throughout. Located near Trader Joe's, the Austin Public Library, and within walking distance of the vibrant bars and restaurants on West 6th Street, this condo ensures you are always close to the best that Austin has to offer.

Investor Tools

Property Icon
$426,000
Estimated Property Value
$9,670Estimated Mortgage Balance
$416,330Estimated Equity
97% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,556 /month
Positive
Cash Flow Estimate:
$852 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$178/month
$567/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$380,889
2024
$220,470
$256,031
$476,501
No

Tax History

Year
Tax Paid
Assessed Value
2023
N/A
$380,889

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Certified Funding Lp
Balloon
$19,500
No
First
Jul 27, 2004
Aug 2019

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$9,670
$416,330
97%
2%
$117/mo

City: Austin

505 W 7th ST 307 | Property Details | No Agent List