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$547,488

NAL Estimated Property Value

507 Sabine ST 507, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,426 Sq Ft
price_per_sqft$420.06 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Cooktop, Microwave, Oven
FlooringConcrete

Exterior

Exterior FeaturesNone
Lot Size222 sqft

Building Information

Year Built2007
Stories1
Garage Spaces2

Land Information

APN02060422290000
Lot Number507
SubdivisionSabine On Fifth Residential Condominium
Land UseResidential
Legal DescriptionUNT 507 SABINE ON FIFTH RESIDENTIAL CONDOMINIUM AMENDED THE PLUS 1.4722 % INT IN COM AREA
Census Tract001103
Assessed Land Value$111,000
Assessed Improvement Value$436,488
Assessment Year2025

About this property

Sabine on 5th! Luxury midrise in the Heart of the Music Capital. This beautiful 2bed/2bath condo is located right between 5th and 6th Street and Sabine. This lovely home is very light and bright due to it being a corner unit. Built ins Galore! Modern finishes with concrete floors and high ceilings. Stainless steel appliances and granite countertops. Very open concept with an oversized island kitchen. Owners suite features a beautiful walk in closet with lots of storage, as well as additional built ins in the bedroom. 2 reserved garage parking spaces. Must see!

Investor Tools

Property Icon
$547,488
Estimated Property Value
$394,842Estimated Mortgage Balance
$152,646Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,016/month
$630/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,457
$547,488
2025
$111,000
$436,488
$547,488
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,457
$547,488

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loanpeople Llc
Conventional
$438,250
No
First
Feb 8, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$394,842
$152,646
27%
72%
$2,628/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$3,258/mo
$-818/mo
5.3%

Learn About the Market: Opportunity in Austin

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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.

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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 507 | Property Details | No Agent List