Active Listing  ·  39 days on market

3101 Govalle Ave #220

Austin, TX 78702
$310,000
1 Bed 1 Bath 800 sqft $388/sqft Built 2020 0.03 acres 1-Car Garage Pool Hom Condos

Priced substantially below recent comparable sales, creating an exceptional opportunity for buyers seeking value in today's market. Seller is motivated, and a short sale may be considered subject to lender approval. Buyers are encouraged to explore the significant upside potential offered by this rare downtown opportunity. This updated East Austin condo is the one you’ve been waiting for—spacious, stylish, and perfectly located in the vibrant Govalle neighborhood. Thoughtfully upgraded with quality wood cabinetry, modern lighting, custom drapes and shades, and wide-plank flooring throughout. The open-concept kitchen features a large bar top, farmhouse finishes, stainless steel appliances, and crisp white cabinetry with classic subway tile. Ideal for entertaining, the layout flows seamlessly into a bright living room with massive corner windows and a sliding glass door to your private second-floor terrace. The oversized bedroom offers generous natural light, a roomy bathroom, and a huge walk-in closet. Located in HOM Neighborhood Condominiums, a gated community just minutes from downtown and East Austin’s best dining and nightlife—including Suerte, Veracruz, Easy Tiger, and Springdale General. Walk to local favorites like Bambino Pizza, The Cavalier, and Desnudo Coffee. Community amenities include a sparkling pool, modern clubhouse with wet bar and fridge, grill stations, a rain garden, and an eco-friendly design throughout. Refrigerator conveys. A rare opportunity to live in one of Austin’s most sought-after neighborhoods where design, comfort, and location align.

At $388/sqft, this home is priced in line with the Austin market average of $393/sqft across 4,588 active listings. View Austin market report →

Location

3101 Govalle Ave #220, Austin, TX 78702

Property Details

Price $310,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 800 sqft
Lot Size 0.03 acres (1,219.68 sqft)
Year Built 2020
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Hom Condos
County Travis
Zip Code 78702
$/sqft $388/sqft
Days on Market ,
HOA $269/Monthly
Annual Tax Est. $7,944
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243470477
List Date August 14, 2026
Elementary School Oak Springs
Middle School Kealing
High School Eastside Early College
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.

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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 · August 14, 2026 $344,900
Current ask $310,000
Reduced $34,900 (-10.1%) 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
1181 Oakgrove Ave
Homewood Heights
$309,999 $343 2 bd / 1 ba 904 sqft , 2026-01-11
3101 Govalle Ave #114
HOM Condominiums
$315,000 $358 1 bd / 1 ba 879 sqft , 2026-09-18
2220 Webberville Rd #216
Axiom East Condos
$320,000 $441 1 bd / 1 ba 725 sqft , 2026-05-15
3108 E 13th St
McKinley Heights
$329,000 $508 2 bd / 1 ba 648 sqft , 2026-06-02
2401 E 6th St #6100
Pedernales Condo Amd
$330,000 $420 1 bd / 1 ba 785 sqft , 2026-05-23

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
$1,488/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
$62,000
20% conventional investment loan

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

Estimated Gross Rent+$1,488
Principal + Interest−$1,692
Property Tax (~2.1% TX avg)−$543
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-876

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 2, 2026.

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