Active Listing  ·  175 days on market

3309 Grooms St #208

Austin, TX 78705
$295,000
2 Bed 1 Bath 873 sqft $338/sqft Built 1949 0.03 acres Pool Escala At 34th Condo

Updated 2-bedroom corner condo in North Campus near UT Austin | $295,000 | Up to $5,000 in seller contributions toward eligible buyer closing costs or an interest-rate buy down with an acceptable offer.

Located in Central Austin, this 873-square-foot, 2-bedroom, 1-bath condo combines original hardwood floors, mature tree views, and modern updates in a small, 16-unit community. Situated on the second floor with no unit above, the corner residence offers abundant natural light, an open living and dining area, built-in shelving, and plantation shutters.

The kitchen was renovated in 2023 with quartz countertops, modern cabinetry, subway tile backsplash, stainless steel appliances, updated lighting, and ample storage. The bathroom was also refreshed in 2023 with an updated vanity, fixtures, and finishes. Additional improvements include an HVAC system replaced in 2024 and an in-unit stacked washer and dryer that convey.

Parking includes one assigned covered space and one additional unassigned space, a valuable convenience in this Central Austin location.

Escala at 34th is a boutique condominium community in Austin's North Campus neighborhood, near the University of Texas at Austin, UT Law School, the Cockrell School of Engineering, LBJ School, Guadalupe Street dining and coffee shops, and nearby transit. Downtown Austin, Hancock, and Mueller are also accessible from this central location.

For those seeking a primary residence, an Austin home base, or a 2-bedroom condo under $300,000 near UT Austin, this property offers a practical combination of location, updated interiors, parking, and everyday convenience. Explore the available 3D walkthrough and floor plan to see how the space lives.

At $338/sqft, this home is 13% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3309 Grooms St #208, Austin, TX 78705

Property Details

Price $295,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 873 sqft
Lot Size 0.03 acres (1,245.82 sqft)
Year Built 1949
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Escala At 34th Condo
County Travis
Zip Code 78705
$/sqft $338/sqft
Days on Market ,
HOA $471/Monthly
Annual Tax Est. $6,303.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230779854
List Date May 21, 2026
Elementary School Lee
Middle School Kealing
High School McCallum
School District Austin ISD

Austin ISD

Lee · Kealing · McCallum

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 · May 21, 2026 $329,000
Previous ask $309,000
Current ask $295,000
▼ Reduced $34,000 (-10.3%) 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
806 W 24th St #300
Croix Condo Amd
$294,900 $412 2 bd / 1 ba 715 sqft , 2026-04-01
808 E 46th St #B
Ridgetop Annex
$299,000 $425 2 bd / 1 ba 704 sqft , 2026-08-27
3115 Helms St #210
SUNCHASE CONDOMINIUMS AMENDE
$299,500 $399 2 bd / 2 ba 750 sqft , 2026-05-28
101 E 33rd St #206
Grooms Add
$299,900 $257 3 bd / 2 ba 1,165 sqft , 2026-05-13
2801 Rio Grande St #203
Parapet Condo
$299,900 $360 2 bd / 2 ba 832 sqft , 2026-10-27

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
$1,416/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
$59,000
20% conventional investment loan

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

Estimated Gross Rent+$1,416
Principal + Interest−$1,610
Property Tax (assumed ~2.1%)−$516
Insurance (assumed ~0.5%)−$123
Est. Monthly Cash Flow $-833

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 · 41 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. The written content was last updated on October 14, 2026.

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

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