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$386,000

NAL Estimated Property Value

8200 Neely Dr Apt 206, Austin, TX, 78759

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,144 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$340.82 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace

Exterior

Lot Size5,902 sqft

Building Information

Year Built1982
Stories1

Land Information

APN01470303730034
Lot Number124
SubdivisionNeelys Canyon Condominiums Amended
Land UseCondominiums
Legal DescriptionUNT 206 BLD A NEELYS CANYON CONDOMINIUMS AMENDED PLUS 0.854% INT IN COMMON AREA
Census Tract030100
Assessed Land Value$472
Assessed Improvement Value$345,781
Assessment Year2025

About this property

This charming condo is a must see in Neely Canyon with special views & a wonderful single-level floorplan. The condo is perfectly situated on the corner top floor perched up high at the edge of a canyon with a completely private outdoor terrace boasting beautiful nature views. The trees are set back from the terrace in a way that provides shaded privacy from neighbors while not crowding the space, allowing the light in. The serene view is from every direction with a wet weather creek below. Neely’s Canyon was developed by architect Larry Peel who positioned the development inside a rock canyon sitting on the edge of an 18-acre preserve. The community features 2 swimming pools. Inside this condo you’ll find wood tile floors & tall ceilings. The living room is light & airy with a focus on the fireplace with direct view of the outdoor terrace & trees. A convenient screen door allows fresh air to the indoors & the serene sound of bustling tree leaves. The large open kitchen has multiple windows that take in the views. A large dining room can accommodate a sizable table. The bedrooms are tucked away down a hall with a charming wood accent ceiling. The attic space above provides ample storage. The laundry closet accommodates full size appliances with multiple shelves. The primary bedroom has vaulted ceilings & windows on multiple walls that allow light in from different directions. The primary bath has dual sinks & you’ll love the size of the closet. Neely’s Canyon enjoys a prime northwest hills location, surrounded by valuable real estate, with convenient entrances off both Steck Ave & Spicewood Springs. Close to Apple, Dell, DT Austin. Just a short drive away are the Arboretum & upscale offerings at the Domain. Experience carefree living with HOA dues that cover water, sewer, trash/recycling, & pest control. The HOA also manages the pools, exterior maintenance & landscaping. Enjoy the security of a covered carport space & included structure insurance.

Investor Tools

Property Icon
$386,000
Estimated Property Value
$229,348Estimated Mortgage Balance
$157,152Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,339 /month
Positive
Cash Flow Estimate:
$780 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$609/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,372
$346,253
2025
$472
$345,781
$346,253
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,372
$346,253

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Envoy Mortgage Ltd
Conventional
$184,900
No
First
Aug 25, 2017
Sep 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,348
$166,652
42%
59%
$1,589/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,790/mo
$1,589/mo
+$201/mo
5.6%

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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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8200 Neely Dr Apt 206 | Property Details | No Agent List