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Owner Contacts

$288,213

NAL Estimated Property Value

5702 Tura LN, Austin, TX, 78721

$374,677 ARV

Off Market

3 Beds

3 Bath

1,242 Sq Ft

Single Family Residence

$322.06 / sqft

Built in 1935

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Heating

Cooling

AppliancesOven

FlooringTile

Exterior

Private Pool

Exterior FeaturesNone

Lot Size3,520 sqft

Building Information

Year Built1984

Stories1

Roof Type105

Land Information

APN02021931030000

SubdivisionVillas At 5702 Tracy Lynn Condominiums

Land UseResidential

Legal DescriptionVILLAS AT 5702 TRACY LYNN CONDOMINIUMS UNT B PLUS 50.00 % INT IN COM AREA

Census Tract002111

Assessed Land Value$135,000

Assessed Improvement Value$153,213

Assessment Year2025

About this property

Seller financing available for experienced developers and builders! Secure your next project before the market rebounds in 2023. .1715 Acre development lot on a corner in East MLK near Springdale with approximate measurements of 60 x 120. Home is a tear down. Multiple development options exist with SF-3 Zoning. New construction deliveries are plentiful in this area of east MLK. 2 lots being developed across the street with a front house and ADU configuration. Trees do not appear to stop any of the development options. Tenants at property are month to month. Please feel free to walk the lot, but call/text listing agent prior to doing so. Tenants at property are month to month. Please feel free to walk the lot, but call/text listing agent prior to doing so.

Investor Tools

$288,213

Estimated Property Value

$259,048Estimated Mortgage Balance

$29,165Estimated Equity

10% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$374,677

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,400 /month

Positive

Cash Flow Estimate:

$800 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$605/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,821

$288,213

2025

$135,000

$153,213

$288,213

Tax History

Year

Tax Paid

Assessed Value

2024

$5,821

$288,213

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First United Bank & Trust Co

Conventional

$277,500

First

Sep 26, 2022

Oct 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$259,048

$29,165

10%

90%

$1,664/mo

Learn About the Market: Opportunity in Austin

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