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$1,088,885

85 Pedernales St, Austin, TX, 78702

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,484 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$307.95 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
HeatingHeating
CoolingCooling
AppliancesFree-Standing Range
FlooringLaminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size4,469 sqft

Building Information

Year Built2023
Stories3

Land Information

APN02001002160000
Lot Number15-16
SubdivisionRiverview Addn
Land UseResidential
Legal DescriptionN 45FT OF LOT 15-16 BLK 6 OLT 41-42 OLT 53 DIV O RIVERVIEW ADDN
Census Tract001000
Assessed Land Value$422,965
Assessed Improvement Value$815,116
Assessment Year2025

About this property

*** Price Reduction!! Buy now in East Austin! Check out your options for this corner property: (1) Move in! [just needs a little TLC] (2) rent out (3) Do #1 or #2 while you finalize plans for your dream home on the lot. It's your choice, and you can't go wrong with any of them! Within a few blocks you’ll find Metz Park as well as lots of popular restaurants & bars.The property is completely fenced. Fix, rent or build-What’s your vision for this place?

Investor Tools

Property Icon
$1,088,885
Estimated Property Value
$1,218,500Estimated Mortgage Balance
$0Estimated Equity
-12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,533 /month
Positive
Cash Flow Estimate:
$2,178 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,168/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,577
$1,088,885
2025
$422,965
$815,116
$1,238,081
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,577
$1,088,885

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Building Or Construction Loan
$1,218,500
No
First
Jan 1, 2023
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,145,510
N/A
0%
105%
$7,306/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$7,306/mo
$-5,218/mo
2.3%

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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85 Pedernales St | Property Details | No Agent List