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$525,000

5502 Kings Highway, Austin, TX, 78745

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,257 Sq Ft
price_per_sqft$417.66 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Freezer, Disposal, Microwave, Refrigerator
FlooringSee Remarks, Tile, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size9,535 sqft

Building Information

Year Built1965
Stories1
Roof Type105
Garage Spaces1

Land Information

APN04131402040000
Lot Number5
SubdivisionDeer Park Sec 3
Land UseResidential
Legal DescriptionLOT 5 BLK H DEER PARK SEC 3
Census Tract030300
Assessed Land Value$307,028
Assessed Improvement Value$119,492
Assessment Year2025

About this property

Sophisticated modern restoration in the heart of South Austin :: Beautifully transformed with a fully permitted COA interior remodel, the home combines clean architectural lines, warm organic materials, and exceptional attention to detail :: Show-stopping kitchen features custom white oak cabinetry, quartz surfaces, and premium fixtures :: Expansive open-concept living spaces offer abundant natural light and effortless flow between kitchen, dining, and living areas :: Luxurious primary suite showcases a spa-like bathroom with custom dual vanity, designer tile, and oversized walk-in shower. :: Wide-plank LVP flooring extends throughout the home complemented by curated lighting, artisan finishes, and custom details at every turn. :: Extensive renovation includes updated mechanical systems, energy-efficient windows, new roof, full interior rewire and exterior panel service upgrade, plumbing fixtures, carport, detached ADU and new wood fencing. :: Situated on a spacious lot beneath mature trees just minutes from South Congress, St. Elmo, Central Market, Leroy & Lewis, Jo’s Coffee, and more.

Investor Tools

$341,301Estimated Mortgage Balance
$85,219Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$332/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,853
$426,520
2025
$307,028
$119,492
$426,520
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,853
$426,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Park Place Finance Llc
Building Or Construction Loan
$347,950
No
First
May 30, 2025
Jun 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$341,301
$85,219
19%
80%
$2,087/mo

City: Austin