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$645,000

7402 Gaines Mill Ln, Austin, TX, 78745

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,042 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$315.87 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Refrigerator, Stainless Steel Appliance(s)
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size9,919 sqft

Building Information

Year Built1981
Stories2
Roof Type105
Garage Spaces2

Land Information

APN04191912030000
Lot Number28
SubdivisionSouthwest Oaks Phs Ii
Land UseResidential
Legal DescriptionLOT 28 BLK D SOUTHWEST OAKS PHS II
Census Tract030900
Assessed Land Value$288,586
Assessed Improvement Value$295,483
Assessment Year2025

About this property

7402 Gaines Mill Ln • South Austin 78745 • 0.23-acre corner lot • No HOA • Huge backyard • Mature oaks • Covered patio • Balcony • Updated kitchen • No carpet. This updated 3-bedroom, 2-bath home offers 2,042 sq. ft. in a popular South Austin 78745 location. Set on a spacious 0.23-acre corner lot, the backyard stands out, with several large oak trees, a private-feeling setting, and plenty of room to relax, entertain, garden, or explore future pool potential. The extended covered patio gives you a shaded spot to enjoy the yard, with direct access from the primary bedroom through a sliding glass door, while the upstairs balcony adds another great place to take in the view from the dining area. Inside 7402 Gaines Mill Ln, you’ll find newer wide-plank laminate wood flooring throughout with no carpet, plus a freshly repainted interior that feels clean and ready to enjoy. The downstairs living room has a gas log fireplace with a white stone surround and cedar mantel, giving the space a warm, welcoming feel. The primary bedroom is also downstairs and includes a large walk-in closet and an updated bath with a spacious walk-in shower. Upstairs, the home opens into a large second living room connected to a bright white kitchen with quartz countertops, soft-close cabinets, stainless steel appliances, a gas range, refrigerator, and a large breakfast bar next to the formal dining area, where a second sliding glass door opens to the balcony overlooking the backyard. The secondary bedrooms are generously sized and include walk-in closets, and the shared full bath features a soaking tub. Recent major updates include the roof, exterior HVAC, and water heater around 2019, and the refrigerator, washer, dryer, exterior cameras, upstairs TV, and TV mounts convey. From this South Austin address, you’re close to the Menchaca corridor, Sunset Valley shopping, South Congress dining and entertainment, St. Elmo hotspots, and downtown Austin, with a large tree-shaded backyard waiting at home.

Investor Tools

$273,643Estimated Mortgage Balance
$321,545Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,870 /month
Positive
Cash Flow Estimate:
$1,290 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,005/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,095
$584,069
2025
$288,586
$295,483
$584,069
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,095
$584,069

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$315,200
No
First
Sep 13, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,643
$326,357
54%
46%
$1,890/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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7402 Gaines Mill Ln | Property Details | No Agent List