ActiveResidential · sale

2003 Fair Oaks

Austin, TX 78745

$559,000

  • 3 beds
  • 2 baths
  • 1,575 sq ft
  • 0.2 acres
  • Built 1959

Listed by Compass RE Texas, LLC · MLS #ACT3638871

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The large, private backyard offers room to gather, garden and play beneath the trees, while a detached shed is ready to become a studio, creative space, workshop or home office.

Year built

Built in 1959.

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.

NEW MAJOR SYSTEMS. MOVE IN WITHOUT THE MUST-DO LIST.

2003 Fair Oaks Drive—a beautiful, light-filled 3-bedroom South Austin home with the character of an established Austin neighborhood with the essential and expensive improvements already completed.

The list is impressive: Roof (2024), HVAC (2025), water heater (2025), new windows, whole-home charcoal Air filtration, new bamboo flooring, partial copper plumbing , remodeled kitchen and more. The big-ticket work has been done, giving the next owner the rare opportunity to move in, enjoy the home and have the peace of mind that comes with newer major systems.

Inside, an abundance of natural light pours through the large bay windows, filling the open living spaces with warmth. The remodeled kitchen feels fresh and inviting, with views out to the private, fenced backyard. Original personality and playful details preserve the home’s unmistakable Austin charm, while an incredibly functional laundry room with built-in cabinetry adds storage and everyday ease rarely found in homes of this era.

Outside, magnificent mature live oaks anchor the property. The large, private backyard offers room to gather, garden and play beneath the trees, while a detached shed is ready to become a studio, creative space, workshop or home office.

Everyday life here is easy. A neighborhood market is just around the corner for daily essentials, family-friendly parks are nearby, and Downtown Austin is approximately a 20-minute drive away. Add easy access to South Austin restaurants, shopping and neighborhood favorites, and you’re connected to the city while still coming home to an established neighborhood with room to breathe.

The major systems are new. The expensive work is done. The character is still here. Just move in and make it yours.

THE NEIGHBORHOOD

Explore the location.

2003 Fair Oaks, Austin, TX 78745

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Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1959
Full baths
2
Half baths
0
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
Built-In Oven(s), Microwave
Flooring
Bamboo
Fencing
Back Yard, Wood
Accessibility
None
Pool features
None
Subdivision
Southern Oaks Sec 01
Parcel
04121108070000
Elementary school
Sunset Valley
Middle school
Covington
High school
Crockett
Annual property tax
$8,250.00

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
Estimated monthly rent$2,329.17
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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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2003 Fair Oaks, Austin, TX 78745 · MLS #ACT3638871

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Listing information

MLS #ACT3638871 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Desiree Gutierrez

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