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$499,000

NAL Estimated Property Value

8420 Linda Michelle DR, Austin, TX, 78724

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,565 Sq Ft
price_per_sqft$202.73 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Free-Standing Range
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size9,348 sqft

Building Information

Year Built2021
Stories2
Roof Type183
Garage Spaces1

Land Information

APN02194010060000
Lot Number40
SubdivisionParker Creek Ranch Phs 1
Land UseResidential
Legal DescriptionLOT 40 BLK D PARKER CREEK RANCH PHS 1
Census Tract002222
Assessed Land Value$75,000
Assessed Improvement Value$433,642
Assessment Year2024

About this property

Welcome to 8420 Linda Michelle Lane, a modern oasis in the booming east side of Austin, TX. This stunning home boasts high vaulted ceilings, offering an expansive and airy feel to the living spaces. A short walk to the neighborhood pool provides the highest level of convenience and leisure. Situated on a large corner lot, this property provides ample space for outdoor activities and entertaining. The modern exteriors makes this is a standout neighborhood, setting it apart from the rest. Convenience is key, with easy access to the Domain and downtown Austin, both just a short 15-minute drive away. For those who value connectivity, this home is smart connected, allowing you to control various features with ease. Adjacent to the coming soon Colony Park Sustainable Community, residents will have access to a host of sustainable amenities and green spaces, further enhancing the quality of life in this vibrant neighborhood. Additionally, there is an approved plan to revamp the lake across the street, promising exciting developments and potential future value to this already fantastic property. Don't miss this opportunity to own a piece of Austin's bright future. Schedule your showing today!

Investor Tools

Property Icon
$499,000
Estimated Property Value
$405,535Estimated Mortgage Balance
$93,465Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,120 /month
Positive
Cash Flow Estimate:
$1,040 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$208/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$327,104
2024
$75,000
$433,642
$508,642
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$327,104

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$416,000
No
First
Nov 25, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$405,535
$93,465
18%
81%
$2,495/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$2,555/mo
$-139/mo
5.8%

City: Austin

8420 Linda Michelle DR | Property Details | No Agent List