Active Listing  ·  369 days on market

2001 Parker Ln #101

Austin, TX 78741
$269,000
2 Bed 1 Bath 1,140 sqft $236/sqft Built 1984 0.11 acres 2-Car Garage Pool La Chenay Condominiums

Welcome home to this strikingly renovated end-unit condo at 2001 Parker Ln, Unit 101, perfectly positioned to enjoy Austin’s best. Nestled in a quiet, gated HOA community in Riverside, this home gives you designer finishes, high ceilings, and thoughtful upgrades throughout. The full renovation in 2023 delivers modern elegance: semi-custom cabinetry, under-cabinet lighting, updated fixtures, and polished kitchen appliances. A spa-inspired bath with tile walk-in shower, bedrooms with plush carpet and custom blackout shades, and a cozy fireplace all make this unit feel like a retreat.

Step outside to your private back patio or cool off in the community pool. A detached two-car garage offers rare convenience for both parking and storage. Big-ticket improvements—new roof (2022), updated HVAC, water heater, and electrical—provide peace of mind and long-term value.

The location is unbeatable: less than a mile from Lady Bird Lake and the Ann & Roy Butler Hike-and-Bike Trail, minutes to Downtown Austin, East 6th Street, and Barton Springs, with easy highway access for commuters. You’ll also find nearby gems like Buzz Mill Coffee, Sour Duck Market, Lustre Pearl East, and local food trucks along Riverside. St. Edward’s University and Austin Community College campuses are close by, making this spot ideal for students, professionals, and investors alike.

Quiet, stylish, and loaded with upgrades, this move-in-ready condo is the perfect match for first-time buyers, young professionals, or anyone seeking a smart investment in one of Austin’s fastest-growing neighborhoods.

At $236/sqft, this home is 40% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2001 Parker Ln #101, Austin, TX 78741

Property Details

Price $269,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 1,140 sqft
Lot Size 0.11 acres (4,987.62 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision La Chenay Condominiums
County Travis
Zip Code 78741
$/sqft $236/sqft
Days on Market ,
HOA $430/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT207139737
List Date September 19, 2025
Elementary School Linder
Middle School Lively
High School Travis
School District ,

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

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · September 19, 2025 $369,000
Previous ask $279,000
Current ask $269,000
Reduced $100,000 (-27.1%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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
1702 Timber Ridge Dr
Timber Ridge At Greenbriar Sec
$275,000 $180 3 bd / 3 ba 1,531 sqft , 2026-08-20
2829 Saville Loop #17C
Edgewick Condo
$260,000 $269 1 bd / 1 ba 966 sqft , 2026-08-13
1727 Timber Ridge Dr
Timber Ridge At Greenbriar Sec
$280,000 $240 2 bd / 2 ba 1,167 sqft , 2026-03-30
2302 E Side Dr #11
Travis Heights Terrace Condomi
$295,000 $306 2 bd / 2 ba 964 sqft , 2026-09-04
1304 Summit St #101
Sunnyvale Villas A Condo
$299,000 $391 2 bd / 1 ba 764 sqft , 2026-01-26

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
$1,291/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
$53,800
20% conventional investment loan

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

Estimated Gross Rent+$1,291
Principal + Interest−$1,468
Property Tax (~2.1% TX avg)−$471
Insurance (~0.5%)−$112
Est. Monthly Cash Flow $-760

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 Austin, TX

Austin 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

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 September 19, 2026.

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