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$482,000

700 Nelray BLVD 102, Austin, TX, 78751

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths978 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$414.11 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
HeatingHeating
CoolingCooling

Exterior

Lot Size1,660 sqft

Building Information

Year Built1983
Stories1

Land Information

APN02260714120000
SubdivisionNelly Condominiums The
Land UseResidential
Legal DescriptionNELLY CONDOMINIUMS THE UNT 205 PLUS 9.4657 % INT IN COM AREA
Census Tract001503
Assessed Land Value$82,901
Assessed Improvement Value$326,347
Assessment Year2025

About this property

Unbelievable chic, single-story condo, located in the boutique community known as The Nelly! Here you’ll enjoy easy and private living as the property offers secure, gated access with only 12 units on the property. Inside, you’ll discover a spacious interior with a bright and open living area, lovely wood-like laminate flooring, a dining space positioned underneath a beautiful chandelier, and modern touches throughout. The kitchen offers crisp white cabinetry, sleek black hardware, track lighting, and a gorgeous blue subway tile backsplash that brings the space to life. Each bedroom boasts plenty of space and you’ll find the same sleek finishes in each of the bathrooms. Outside, you’ll have space to relax on the covered patio while furry friends will have room to run and play in the large, private backyard. You’ll be able to hang with neighbors or invite guests over to enjoy the open courtyard and fire pit area located in the center of the community. A private dog park, bike storage, and guest parking is also available, along with assigned parking for the residents. This property reaps the benefits of a central location, as it’s conveniently located in the North Loop neighborhood, within walking distance to coffee shops and restaurants and just minutes away from the heart of Downtown. Don’t miss out on this incredible chance!

Investor Tools

Property Icon
$482,000
Estimated Property Value
$0Estimated Mortgage Balance
$201,451Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,892 /month
Positive
Cash Flow Estimate:
$964 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$786/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,019
$409,248
2025
$82,901
$326,347
$409,248
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,019
$409,248

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$300,000
No
First
Oct 28, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$280,549
$201,451
41%
58%
$1,799/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 102 | Property Details | No Agent List