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$642,000

NAL Estimated Property Value

6205 Reicher Dr, Austin, TX, 78723

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,137 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$350.73 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 1.5Bathrooms Full 1.5
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesBuilt-In Gas Range, Gas Range, Microwave, Oven
FlooringVinyl

Exterior

Private PoolPrivate Pool
Lot Size10,049 sqft

Building Information

Year Built1967
Stories1
Roof Type105

Land Information

APN02212405240000
Lot Number9
SubdivisionCherrylawn Sec 5
Land UseResidential
Legal DescriptionLOT 9 BLK C CHERRYLAWN SEC 5
Census Tract002107
Assessed Land Value$207,627
Assessed Improvement Value$397,078
Assessment Year2025

About this property

6205 Reicher Drive is a stunningly renovated home in the highly desirable University Hills neighborhood. This is a rare opportunity in North East Austin, just minutes from downtown, Mueller, Domain, and numerous tech employers. A perfect home or investment property with the option of adding square footage to the existing home or constructing a casita or guest quarters for STR or vacation rentals. With its generous size and modern flow, it sits on a large 0.22 acre lot. This beautifully remodeled one-story 5 bedroom, 3 bathroom home has an abundance of natural light, a soothing neutral color palette, and custom tiles throughout. Its large, open concept living/dining/kitchen area and outdoor patios make it ideal for entertaining. With its generous storage, built-in pantry, quartz countertops, upgraded finishes and appliances, and large center island, the bright kitchen is every home chef's dream. The layout of the house provides maximum flexibility and privacy, with two bedroom wings separated by the large living area. The main en-suite bath has a stylish double vanity, a walk-in shower and tub with a luxurious tile surround and a glass enclosure, and a walk-in closet with built-ins. The en suite guest quarters are on the opposite side of the house. Four more bedrooms are ideal for a home office, a personal gym, a cozy media room, or any other purpose. The spacious backyard is shaded by mature trees and surrounded by a wooden privacy fence. Contact the agent for attractive preferred lender options such as low down payments, low interest rates, and NO CLOSING COSTS! This house will not last long. Schedule your tour today! Buyer to perform all due diligence.

Investor Tools

Property Icon
$642,000
Estimated Property Value
$570,620Estimated Mortgage Balance
$72,394Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,497 /month
Positive
Cash Flow Estimate:
$1,499 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,403/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,623
$604,705
2025
$207,627
$397,078
$604,705
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,623
$604,705

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Morgan Stanley Private Bank Na
Conventional
$612,000
No
First
Aug 29, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$570,620
$62,380
9%
89%
$2,940/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.

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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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6205 Reicher Dr | Property Details | No Agent List