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$446,000

NAL Estimated Property Value

7408 Merrick LN 42, Austin, TX, 78745

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths3 Bath
Baths2,190 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.07 / sqft
Year BuiltBuilt in 2017

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Double Oven, Free-Standing Range, Water Heater
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting
Lot Size10,136 sqft

Building Information

Year Built2017
Stories2
Roof Type105
Garage Spaces2

Land Information

APN04310810500000
SubdivisionHighmark Condominiums Amd
Land UseResidential
Legal DescriptionHIGHMARK CONDOMINIUMS AMD BLD XIII UNT 42 PLUS 2.0000 % INT IN COM AREA
Census Tract002422
Assessed Land Value$152,072
Assessed Improvement Value$268,694
Assessment Year2025

About this property

Welcome to 7408 Merrick Lane — a beautiful gated retreat tucked inside one of South Austin’s best-kept enclaves. GET ONE MONTH FREE FOR LEASES STARTING NOW THROUGH DECEMBER. Built by energy-efficient Meritage Homes and surrounded by mature trees, this community offers plenty of guest parking and a quiet, private setting—yet sits just moments from the vibrant energy of S. Congress and Southpark Meadows. It’s the perfect blend of peaceful living with instant access to everything you need. Step inside to nearly 2,200 sq ft of bright, thoughtfully designed space. The open kitchen features modern granite counters, a generous island, and seamless flow into the living and dining areas—ideal for entertaining or relaxing at home. Multiple living spaces provide true versatility, whether you need a media room, playroom, or work-from-home setup. Upstairs, the spacious primary suite lives like its own retreat with room for a sitting area, home office, or fitness zone—plus a full bedroom and bathroom all in one. Engineered hardwood flooring throughout to elevate the home. Enjoy the ease of a lock-and-leave lifestyle with HOA-maintained landscaping and a roomy two-car garage for everyday convenience. Peaceful walking loops throughout the community make it easy to unwind and feel far from city noise. Lease now through December and enjoy ONE MONTH FREE. Approved tenants pay the security deposit and first full month upfront, plus prorated rent if applicable—the free month is applied to the following month.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$933/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,965
$420,766
2025
$152,072
$268,694
$420,766
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,965
$420,766

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
General Mortgage Capital Corp
Unknown
$410,000
No
First
Feb 8, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$756,573
N/A
0%
170%
$4,922/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,200/mo
$4,922/mo
$-2,722/mo
5.9%

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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7408 Merrick LN 42 | Property Details | No Agent List