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$1,154,000

NAL Estimated Property Value

507 Sabine St #408, Austin, TX, 78701

Off MarketInfo
LeaseInfo
Beds2 Beds
Baths1 Bath
Baths1,050 Sq Ft
price_per_sqft$2.48 / sqft
Year BuiltBuilt in 2007

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesOven, Convection Oven, Dishwasher, Disposal, Dryer, Electric Cooktop, Refrigerator, Washer, Washer/Dryer Stacked
FlooringCarpet, Concrete

Exterior

Exterior FeaturesNone
Lot Size148 sqft

Building Information

Year Built2007
Stories1
Garage Spaces1

Land Information

APN02060422200000
Lot Number408
SubdivisionSabine On Fifth Residential Condominium
Land UseResidential
Legal DescriptionUNT 408 SABINE ON FIFTH RESIDENTIAL CONDOMINIUM AMENDED THE PLUS .9814 % INT IN COM AREA
Census Tract001103
Assessed Land Value$74,000
Assessed Improvement Value$258,638
Assessment Year2025

About this property

East facing, two bedroom condo with high ceilings and large windows overlooking Downtown Austin. Located right off of Waller Creek and walking distance Town Lake Hike and Bike Trails, Rainey St, Plaza Saltillo with recently completed Whole Foods and Target, Sixth St, and much more. The Waterloo Greenway, a 35-acre connected park system along Waller Creek within walking distance. HOA dues include two reserved parking space. Residents are offered a membership to Hilton salt water pool/hot tub, 24gym and sauna for -$65/month. Master bedroom carpet will be replaced with brand new. Beautiful Lobby renovation is expected to be completed mid November.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,095/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,367
$332,638
2025
$74,000
$258,638
$332,638
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,367
$332,638

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$323,738
No
First
Jul 7, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$294,511
$859,489
74%
26%
$1,941/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$1,941/mo
+$499/mo
2.5%

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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507 Sabine St #408 | Property Details | No Agent List