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$515,000

5616 S 1st ST 18, Austin, TX, 78745

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths1,687 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$305.28 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Energy Star Qualified Appliances, Exhaust Fan, Disposal, Gas Oven, Gas Range, Microwave, Oven, Stainless Steel Appliances, Tankless Water Heater
FlooringCarpet Free, Concrete, Laminate, Tile

Exterior

Exterior FeaturesExterior Steps, Lighting, Private Entrance, Private Yard, Rain Gutters
Lot Size5,985 sqft

Building Information

Year Built2015
Stories2
Roof Type105
Garage Spaces2

Land Information

APN04161112290000
Lot Number28
SubdivisionCreekside Homes Condominiums
Land UseResidential
Legal DescriptionUNT 28 CREEKSIDE HOMES CONDOMINIUMS PLUS 2.32 % INT IN COM AREA
Census Tract002410
Assessed Land Value$89,800
Assessed Improvement Value$440,370
Assessment Year2024

About this property

Tucked into Creekside, a private enclave of detached homes in South Austin, this corner-lot home offers low-maintenance curb appeal with a covered front porch, mature trees, and a xeriscaped patio. Inside, vaulted ceilings, abundant windows, and a mix of wood, tile, and polished concrete floors create a bright, open interior. The kitchen has quartz countertops, stainless steel appliances, a gas range, and a breakfast bar, opening onto connected living and dining spaces. The primary suite is on the main level, with polished concrete floors and an ensuite bath with a double vanity. Upstairs are two additional bedrooms with wood flooring, one with a walk-in closet. The backyard is one of the larger, more private lots in the community, fully fenced, shaded by native trees, with a partially covered patio strung with cafe; lights, and a concrete patio for grilling or lounging. 1-car garage plus an additional parking space, and it’s located right near designated guest parking for the community. Three bedrooms. Two and a half baths. 1,687 square feet in one of South Austin's most connected locations. This corner-lot home is minutes from the St. Elmo District, South Congress, South Lamar, and Michelin Star rated Leroy & Lewis Barbecue, with downtown just 10–15 minutes away. Quick access to US 290, Ben White, IH-35, MoPac, and the airport makes commuting and travel easy.

Investor Tools

Property Icon
$531,000
Estimated Property Value
$0Estimated Mortgage Balance
$531,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,186 /month
Positive
Cash Flow Estimate:
$1,062 /month

Interested in this property?

Ian Grossman

Douglas Elliman Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$919/month
$658/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,368
$530,170
2024
$89,800
$440,370
$530,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,368
$530,170

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$531,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,200/mo
$658/mo
+$1,542/mo
5.0%

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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