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Days5Days on Market
Views1view

$725,000

6501 Willamette Dr, Austin, TX, 78723

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,904 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$380.78 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size21,153 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces4

Land Information

APN02242204010000
Lot Number1
SubdivisionUniversity Hills Sec 2 Phs 2
Land UseResidential
Legal DescriptionLOT 1 BLK 7 UNIVERSITY HILLS SEC 2 PHS 2
Census Tract002113
Assessed Land Value$267,618
Assessed Improvement Value$314,791
Assessment Year2025

About this property

**6501 Willamette** is ideal for professionals seeking a modern home with easy access to Downtown Austin, Mueller, and major employment centers. Set on a large corner lot in the established University Hills neighborhood, this property is shaded by mature trees and offers a level of privacy and character rare this close to the city center. This move-in ready home features fresh paint throughout, modern finishes, and a flexible floor plan suited for home offices, guest accommodations, or hybrid work. A separate rear garage and large privacy fence add functionality and privacy, while recent updates bring contemporary design and energy-conscious features with reduced maintenance. The spacious corner lot may also be well-suited for a future guest house or ADU — a valuable opportunity for passive income or multi-generational living in this high-demand area. 6501 Willamette offers the rare combination of modern living, mature surroundings, and convenient access to Downtown Austin — all without sacrificing the space or privacy that makes East Austin living so desirable.

Investor Tools

Property Icon
$653,000
Estimated Property Value
$690,750Estimated Mortgage Balance
$1,371Estimated Equity
-6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,350 /month
Positive
Cash Flow Estimate:
$1,450 /month

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The Kiefer Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,324/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,618
$582,409
2025
$267,618
$314,791
$582,409
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,618
$582,409

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Network Inc
Conventional
$690,750
No
First
May 18, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$653,869
$57,131
8%
100%
$4,142/mo

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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6501 Willamette Dr | Property Details | No Agent List