About This Home

CLIENT IS ALSO OFFERING 3 MONTHS OF PAID HOA ($855 VALUE)!!!!! HOA covers all maintaince/repairs in common areas as well as all structures. Roof recently replaced as well. Step inside to discover a thoughtfully remodeled layout that maximizes space and functionality. The open-concept living and dining area provides an inviting atmosphere, ideal for entertaining guests or enjoying a quiet evening at home. The kitchen comes equipped with modern appliances, including a microwave and refrigerator and a new dishwasher. Situated in San Marcos, this property boasts close proximity to a variety of local attractions like the San Marcos river and Sewell park. Texas State shuttle parking, HEB, dining and UFCU stadium. Experience the blend of comfort and convenience at 1202 Thorpe Lane, Unit 406D—a place you can truly call home.

At $197/sqft, this home is 14% below the San Marcos active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1202 Thorpe Ln #406D, San Marcos, TX 78666

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Property Details

Price $215,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,091 sqft

Lot Size 3.97 acres (172,928.84 sqft)

Year Built 1984

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Village At Springtown Condos

County Hays

Zip Code 78666

$/sqft $197/sqft

Days on Market ,

HOA $285.76/Monthly

Annual Tax Est. $4,308.65

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240165112

List Date July 16, 2026

Elementary School Crockett

Middle School Miller

High School San Marcos

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of San Marcos and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in San Marcos

Comparable Listings Right Now

Homes currently for sale in San Marcos with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

217 Teron Dr
El Camino Real Ph 2 Sec 3 $215,000 $185 3 bd / 2 ba 1,160 sqft , 2026-05-03

113 Clovis Cv
Cottonwood Crk Ph 4 Un 1 $215,000 $178 3 bd / 2 ba 1,206 sqft , 2026-06-18

1202 Thorpe Ln #315
Village At Springtown Condos $215,000 $175 2 bd / 2 ba 1,230 sqft , 2026-07-29

420 Spiny Lizard Ln
Trace Sub Sec A Pa 1A Ph A-2 $211,900 $207 2 bd / 2 ba 1,026 sqft , 2026-04-05

506 W San Antonio St #205
The Crossing Condos $219,000 $206 2 bd / 2 ba 1,063 sqft , 2026-06-14

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$1,032/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$43,000

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,032

Principal + Interest−$1,173

Property Tax (~2.1% TX avg)−$376

Insurance (~0.5%)−$90

Est. Monthly Cash Flow $-607

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near San Marcos, TX

San Marcos sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on July 24, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

1202 Thorpe Ln #406D

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

More Luxury Homes in San Marcos

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