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$2,350

700 Nelray Blvd # 1, Austin, TX, 78751

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,063 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.21 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
HeatingHeating
CoolingCooling
AppliancesDryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Washer
FlooringTile, Vinyl

Exterior

Exterior FeaturesDog Run, Uncovered Courtyard
Lot Size1,803 sqft

Building Information

Year Built1983
Stories1

Land Information

APN02260714020000
SubdivisionNelly Condominiums The
Land UseResidential
Legal DescriptionNELLY CONDOMINIUMS THE UNT 101 PLUS 10.2884 % INT IN COM AREA
Census Tract001503
Assessed Land Value$90,106
Assessed Improvement Value$333,920
Assessment Year2025

About this property

You have been waiting for a condo to lease at "The Nelly" for a long time and now is your chance to snap up a first level corner unit!!! "The Nelly" is a quaint 12 unit condo community and is conveniently located at 700 Nelray Boulevard in the heart of 78751. Close to North Lamar Boulevard area and all it's great restaurants, shops, entertainment venues. Short commute to about all areas of Austin including downtown Austin, The Domain, Mueller District, The Arboretum, ABIA Airport, you name it! The great first level corner unit is in spectacular condition and is ready to move in and enjoy day one. You get 2 nice sized bedrooms, 2 full bathrooms, roomy living area which opens into the dining space, step saver kitchen with all appliances. The appliances conveying with the condo include washer and dryer purchased in 2022, hot water heater purchased in 2023, dishwasher, microwave, range, and refrigerator all purchased in 2025. You will love entertaining guests in this great open floorplan where dining space, living room space and kitchen all blend together. The condo community includes gathering space with a hammock and a picnic table, bike storage, a nice sized dog run and a security gate that is coded for condo occupants sense of security. This unit has two reserved parking spots with one of them right beside the unit. ***Also FOR SALE MLS #5226086***

Investor Tools

$212,003Estimated Mortgage Balance
$212,023Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,544 /month
Positive
Cash Flow Estimate:
$848 /month

Interested in this property?

Thomas Lemon

Telco Realty Systems

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$726/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,591
$424,026
2025
$90,106
$333,920
$424,026
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,591
$424,026

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$230,000
No
First
Jun 24, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,003
$212,023
50%
50%
$1,379/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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700 Nelray Blvd # 1 | Property Details | No Agent List