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$351,000

507 Sabine St Apt 303, Austin, TX, 78701

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths693 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$3.46 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Disposal, Electric Range, Microwave, Free-Standing Electric Range, Self Cleaning Oven, Stainless Steel Appliance(s)
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Lighting, Private Entrance
Lot Size109 sqft

Building Information

Year Built2007
Stories1

Land Information

APN02060422050000
Lot Number303
SubdivisionSabine On Fifth Residential Condominium
Land UseResidential
Legal DescriptionUNT 303 SABINE ON FIFTH RESIDENTIAL CONDOMINIUM AMENDED THE PLUS .7115 % INT IN COM AREA
Census Tract001103
Assessed Land Value$53,500
Assessed Improvement Value$242,932
Assessment Year2025

About this property

Located in the heart of downtown Austin, 507 Sabine St #303 offers a beautifully updated 1-bedroom, 1-bathroom condo with breathtaking views of the city’s iconic skyline. Recently renovated, this sleek unit features hardwood floors, quartz countertops, stainless steel appliances, and custom cabinetry. The open living space is flooded with natural light from floor-to-ceiling windows, providing unobstructed views of the Frost Tower, Texas State Capitol, and more. A private balcony is the perfect spot to enjoy the views. This unit’s gourmet kitchen is equipped with a gas range, large island, and modern finishes, while the updated bathroom offers a walk-in shower and contemporary design. Residents can enjoy premium amenities, including a rooftop pool with panoramic views, a fitness center, and secure parking. With an unbeatable location, you'll have easy access to Lady Bird Lake, 6th Street, and the best dining, shopping, and entertainment Austin has to offer. 1 Parking spot is available for the unit for an additional $125/month which will include access to the pool and weight room

Investor Tools

Property Icon
$351,000
Estimated Property Value
$316,000Estimated Mortgage Balance
$56,012Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,106 /month
Positive
Cash Flow Estimate:
$702 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$510/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,368
$296,432
2025
$53,500
$242,932
$296,432
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,368
$296,432

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$316,000
No
First
Oct 12, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$296,033
$76,967
20%
84%
$1,895/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,895/mo
+$185/mo
7.1%

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 Apt 303 | Property Details | No Agent List