Active Listing  ·  82 days on market

2409 Water Well Ln

Austin, TX 78728
$435,000
3 Bed 2 Bath 1,642 sqft $265/sqft Built 1982 0.16 acres 2-Car Garage Pool Wells Branch Ph A Sec 01

Turn-Key Ready! New roof in 2024, fresh paint in 2023 and again in 2026. Wide plank luxury vinyl flooring laid throughout the home, popcorn ceilings removed, and an extended enclosed patio, all done in 2023. Water heater replaced in 2020 and AC in 2017. All systems meticulously maintained to give the new home owner complete peace of mind!

This home is located within walking distance of both Katherine Fleischer Park and Wells Branch Elementary, and is only a few minutes' drive from, Mopac, I-35, and Hwy 45. There is no more convenient location in all of North Austin.

The single-story floorplan offers plenty of bedrooms for growing families and work-from-home professionals, all while keeping a generous living and dining area that makes entertaining a breeze. And when the Texas heat kicks in, the 300 sq ft enclosed back patio means you can still enjoy your backyard year-round.

At $265/sqft, this home is 32% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2409 Water Well Ln, Austin, TX 78728

Property Details

Price $435,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,642 sqft
Lot Size 0.16 acres (7,074.14 sqft)
Year Built 1982
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Wells Branch Ph A Sec 01
County Travis
Zip Code 78728
$/sqft $265/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,573.56
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229608377
List Date May 14, 2026
Elementary School Wells Branch
Middle School Deerpark
High School McNeil
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 →

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
302 Delmar Ave #B
St John's Home Addn
$435,000 $275 3 bd / 3 ba 1,580 sqft , 2026-04-09
15514 Cadoz Dr
Willow Run Sec 06
$435,000 $213 3 bd / 2 ba 2,046 sqft , 2026-03-21
2801 Dulce Ln #722
Denizen Condo Amd
$435,000 $347 2 bd / 2 ba 1,255 sqft , 2026-05-16
800 Huntingdon Pl
Buckingham Estates Sec 01
$435,000 $341 3 bd / 2 ba 1,277 sqft , 2026-05-22
2307 Hermia St #24
Eastwood/Riverside Ii Condos
$435,000 $214 3 bd / 3 ba 2,035 sqft , 2026-05-29

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
$2,088/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
$87,000
20% conventional investment loan

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

Estimated Gross Rent+$2,088
Principal + Interest−$2,374
Property Tax (~2.1% TX avg)−$761
Insurance (~0.5%)−$181
Est. Monthly Cash Flow $-1,228

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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