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$255,000

601 Nelray Blvd Apt 13, Austin, TX, 78751

SoldInfo
7/30/26
Beds3 Beds
Baths2 Bath
Baths790 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.41 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesWasher Dryer Stacked, Free Standing Electric Range, Microwave, Refrigerator
FlooringCarpet, Laminate

Exterior

Exterior FeaturesBalcony
Lot Size1,307 sqft

Building Information

Year Built1985
Stories1

Land Information

APN02260706370012
Lot Number15
SubdivisionNelray Place Condominium Amended
Land UseCondominiums
Legal DescriptionUNT 13 BLD A NELRAY PLACE CONDOMINIUM AMENDED PLUS 6.478% INT IN COMMON AREA
Census Tract000305
Assessed Land Value$65,400
Assessed Improvement Value$156,583
Assessment Year2025

About this property

Freshly painted and filled with natural light, this unique loft-style condo offers a flexible floor plan with two bedrooms conveniently located on the main level and an expansive upstairs loft that can be used as a third bedroom, home office, media room, workout space, or additional living area. The open-concept layout features soaring ceilings and oversized windows that flood the home with natural light, creating a bright and inviting atmosphere throughout. The first floor includes durable wood-look flooring and seamless flow between the living, dining, and kitchen spaces, making it ideal for both everyday living and entertaining. Additional conveniences include an in-unit washer and dryer and two reserved off-street parking spaces. With abundant natural light, versatile living space, and a thoughtfully designed layout, this condo offers the perfect combination of comfort, functionality, and flexibility.

Investor Tools

Property Icon
$255,000
Estimated Property Value
$115,128Estimated Mortgage Balance
$178,902Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$487/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,564
$221,983
2025
$65,400
$156,583
$221,983
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,564
$221,983

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Luther L Lawson
Unknown
$115,128
No
First
Jan 23, 2012
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$76,393
$180,607
70%
30%
$691/mo

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.

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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601 Nelray Blvd Apt 13 | Property Details | No Agent List