Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$3,570,000

3501 Balcones Dr, Austin, TX, 78731

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths3,575 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$998.6 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDouble Oven, Gas Cooktop, Ice Maker, Microwave
FlooringStone, Wood

Exterior

Exterior FeaturesLighting, Private Yard, Rain Gutters
Lot Size16,130 sqft

Building Information

Year Built2013
Stories2
Roof Type104
Garage Spaces2

Land Information

APN01230505100000
Lot Number1A
SubdivisionColorado Foothills Sec 1 Amended Plat Of
Land UseResidential
Legal DescriptionLOT 1A COLORADO FOOTHILLS SEC 1 AMENDED PLAT OF LOTS 1&2 BLK 1
Census Tract000102
Assessed Land Value$785,820
Assessed Improvement Value$1,506,698
Assessment Year2025

About this property

Set along one of Central Austin’s most established streets, 3501 Balcones Drive makes an immediate impression with its striking presence, generous proportions, and modern take on timeless architecture. Thoughtfully renovated in 2024 with interiors by Michelle Gerson, the home pairs a fresh, elevated aesthetic with a sense of warmth throughout. Soaring ceilings, expansive windows, and abundant natural light create an airy openness, while refined finishes bring warmth and sophistication to every space. The entry foyer opens to a flexible living space ideal for an office, lounge, or bar, setting the tone for the gracious proportions found throughout the main level. At the center of the home, the grand living room draws the eye upward with dramatic ceilings, while large windows showcase the expansive backyard and impressive canopy of mature oak trees. Filled with natural light, the space connects seamlessly to the dining area, kitchen, and outdoors. Privately positioned beyond the main living spaces, the primary suite offers a quiet retreat with direct access to the backyard, a spacious bath, and an oversized walk-in closet. A main-level laundry room and garage access complete the first floor. Upstairs, four notably spacious bedrooms offer generous accommodations for family and guests. A second laundry room adds an additional layer of everyday functionality. Outside, the expansive backyard feels like a natural extension of the home, with a broad lawn, mature oak trees, and generous space for gathering, entertaining, and enjoying the outdoors. Ideally positioned along Balcones Drive, the property is within walking distance of neighborhood favorites including Flo’s, Westwood Country Club, Mayfield Park, and Laguna Gloria, with Lake Austin and many of Central Austin’s most beloved destinations just moments away.

Investor Tools

$1,494,887Estimated Mortgage Balance
$1,887,113Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$21,420 /month
Positive
Cash Flow Estimate:
$7,140 /month

Interested in this property?

Megan Cavazos

Gottesman Residential R.E.

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,820/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$40,930
$2,292,518
2025
$785,820
$1,506,698
$2,292,518
No

Tax History

Year
Tax Paid
Assessed Value
2025
$40,930
$2,292,518

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$1,662,500
No
First
Jul 30, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,494,887
$1,887,113
55%
44%
$9,968/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,110/mo
$9,968/mo
$-7,858/mo
0.7%

City: Austin

3501 Balcones Dr | Property Details | No Agent List