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$500,000

605 Wilmes Dr # 1, Austin, TX, 78752

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,020 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$490.2 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Range Hood, Stainless Steel Appliances
FlooringVinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size3,367 sqft

Building Information

Year Built1954
Stories1
Roof Type105

Land Information

APN02290823020000
Subdivision605 Wilmes Condominiums
Land UseCondo
Legal Description605 WILMES CONDOMINIUMS UNT 1 PLUS 50 % INT IN COM AREA
Census Tract001503
Assessed Land Value$75,000
Assessed Improvement Value$275,231
Assessment Year2026

About this property

Looking for Central Austin Location for Homestead, or Investment this is it! Move-in-Ready or Ready to build an ADU. Currently a successful short-term rental. Seller has done all the hard work by splitting the lot into 2 condo plots with Travis County. Beautifully updated and finished out with expanded kitchen with quart counters and new cabinetry. Modern updates and Move-in-Ready. Fully remodeled baths, dual-pane windows, easy to clean flooring, updated interior and exterior doors, lighting, tankless hot water heater, standing seam metal roof. AC is 6/24 in a highly sought after area and on a street with no pass through. Must see to appreciate.

Investor Tools

$0Estimated Mortgage Balance
$350,231Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Pamela Jones

Austin Prime Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$765/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,424
$350,231
2026
$75,000
$275,231
$350,231
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,424
$350,231

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$350,231
100%
0%
$0/mo

City: Austin

605 Wilmes Dr # 1 | Property Details | No Agent List