ActiveResidential · sale

11002 Alhambra

Austin, TX 78759

$600,000

  • 3 beds
  • 2 baths
  • 2,191 sq ft
  • 0.27 acres
  • Built 1976

Listed by ARCH Properties · MLS #ACT5050887

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Covered back patio & oversized backyard.

Year built

Built in 1976.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to Balcones Woods – a rare, charming neighborhood that can feel like the iconic Mayberry w/ golf carts. This bike-friendly enclave features a pool, clubhouse, expansive sports courts for tennis, pickleball, basketball, and volleyball, plus a playground to keep the whole family active. Many families are drawn here by the highly regarded BW Blue Wave summer swim team. It’s one of the few HOA communities in Austin proper where it feels safe for kids to walk & bike along the wide, tree-lined streets.
Tucked into a desirable pocket of the neighborhood, this home offers outstanding walkability to The Domain and Q2 Stadium. The area is poised home appreciation with Austin’s new UT Dell Medical Center (integrating MD Anderson Cancer Center) just south of Balcones Woods. Top-rated schools complete the picture, especially Anderson High School with its acclaimed IB program.
Balcones Woods was founded in 1976, and this is the first time this property has been on the market – a true generational opportunity. A creek borders the backyard, creating a privacy & buffer with green space & oversized trees. Note this portion of the neighborhood is in the FEMA 500-year floodplain mapping. Covered back patio & oversized backyard.

Currently a 3-bedroom home, the generous square footage & oversized rooms provide excellent potential to convert it into a 4+ bedroom residence. Much of the home remains in original condition and will be sold as-is. The seller requests a 60-day leaseback after closing.

Exciting renovation possibilities include expanding the vaulted ceilings into a modern open-concept kitchen & living area. The oversized garage could turn into a bedroom/bathroom suite or office. Be sure to explore the Matterport virtual tour for a detailed walkthrough of the layout/floorplan and plan for your make-ready or full remodel. This is a rare chance to be in a desired part of BW w/ tremendous upside in one of Austin’s most beloved family neighborhoods.

THE NEIGHBORHOOD

Explore the location.

11002 Alhambra, Austin, TX 78759

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1976
Full baths
2
Half baths
0
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
Free-Standing Gas Oven
Flooring
See Remarks, Carpet
Fencing
See Remarks, Fenced
Accessibility
None
Pool features
None
Subdivision
Balcones Woods Sec 02
Parcel
02560507130000
HOA
Balcones Woods HOA
HOA amenities
See Remarks
HOA fee frequency
Quarterly
Elementary school
Davis
Middle school
Murchison
High school
Anderson
Annual property tax
$3,268.00
HOA fee
$173.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$1,480.00
Estimated monthly rent$2,500.00
Cap rate3.21%

Annual operating income: $19,259.96

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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11002 Alhambra, Austin, TX 78759 · MLS #ACT5050887

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Listing information

MLS #ACT5050887 · Austin Board of Realtors

Listing brokerage: ARCH Properties
Listing agent: Stephen Stephanian

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.