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$590,884

811 Prospect Ave, Austin, TX, 78702

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths850 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$570.59 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, ENERGY STAR Qualified Appliances, Instant Hot Water, Microwave, Free-Standing Range, Refrigerator, Water Heater, Wine Refrigerator
FlooringBamboo, Concrete

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size4,169 sqft

Building Information

Year Built2015
Stories2
Garage Spaces1

Land Information

APN02051022030000
Lot NumberB
SubdivisionProspect At East Ninth Garden Homes Cond
Land UseResidential
Legal DescriptionUNT B PROSPECT AT EAST NINTH GARDEN HOMES CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract000901
Assessed Land Value$150,000
Assessed Improvement Value$440,884
Assessment Year2025

About this property

Gorgeous, light filled condo under $500K in the hot 78702! 2 bedroom, 2 bath plus bonus enclosed sunroom make the livable space over 1000 sq ft. The 200 sq ft garage can also be used as an additional living space. Fantastic kitchen with bronze fixtures & stainless steel appliances. One bedroom & one bath down. Master suite on the 2nd floor with an incredible master bath & deck. Fenced yard with artisan steel security gate, recessed lighting throughout & SmartHouse Design™ security and home automation.

Investor Tools

Property Icon
$590,884
Estimated Property Value
$0Estimated Mortgage Balance
$272,107Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,545 /month
Positive
Cash Flow Estimate:
$1,182 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,088/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,100
$590,884
2025
$150,000
$440,884
$590,884
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,100
$590,884

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$353,130
No
First
Apr 15, 2021
May 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$318,777
$272,107
46%
54%
$2,118/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$2,118/mo
$-492/mo
3.3%

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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811 Prospect Ave | Property Details | No Agent List