Active Listing  ·  105 days on market

3431 North Hills Dr #321

Austin, TX 78731
$239,000
3 Bed 2 Bath 1,265 sqft $189/sqft Built 1968 0.05 acres Pool Balcones Towers Condo

Amazing 3-bedroom, 2-bathroom condo nestled in the heart of NW Austin! This quiet community is just a short walk to HEB, Biderman’s Deli, Starbucks, and several parks. Located on the UT free shuttle route and near multiple Cap Metro routes. Only 8 minutes to downtown and 10 minutes to the Domain, with easy access to Mopac and 183 for stress-free commuting. Unit has been recently updated with luxury tile flooring throughout, a renovated kitchen featuring new cabinets, countertops, and sink, and a beautifully upgraded primary bathroom with a walk-in shower, giving the space a modern and refreshed feel. Enjoy the walk-out balcony off the living room, or peaceful pool views from the primary bedroom. No minimum rental term required. HOA includes ground maintenance, exterior insurance, and pool access.

At $189/sqft, this home is 52% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3431 North Hills Dr #321, Austin, TX 78731

Property Details

Price $239,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,265 sqft
Lot Size 0.05 acres (2,112.66 sqft)
Year Built 1968
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Balcones Towers Condo
County Travis
Zip Code 78731
$/sqft $189/sqft
Days on Market ,
HOA $446.08/Monthly
Annual Tax Est. $6,367
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235408013
List Date June 10, 2026
Elementary School Doss (Austin ISD)
Middle School Murchison
High School Anderson
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 · June 10, 2026 $249,000
Current ask $239,000
Reduced $10,000 (-4.0%) 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
3840 Far West Blvd #101
Far West Skyline Condo
$250,000 $294 2 bd / 2 ba 849 sqft , 2026-03-18
5326 Balcones Dr #D
Highland Park West Condo Amd
$250,000 $252 2 bd / 2 ba 992 sqft , 2026-09-01
6910 Hart Ln #912
Malaga Condo
$225,000 $233 2 bd / 2 ba 967 sqft , 2026-05-11
7122 Wood Hollow Dr #86
Edgecliff Nw Condo Amd
$260,000 $225 2 bd / 2 ba 1,158 sqft , 2026-09-21
6910 Hart Ln #203
Malaga Condo Amd
$215,000 $222 2 bd / 2 ba 967 sqft , 2026-02-12

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
$1,147/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
$47,800
20% conventional investment loan

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

Estimated Gross Rent+$1,147
Principal + Interest−$1,304
Property Tax (~2.1% TX avg)−$418
Insurance (~0.5%)−$100
Est. Monthly Cash Flow $-675

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 August 6, 2026.

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