Active Listing  ·  83 days on market

8621 Putnam Dr #A

Austin, TX 78757
$214,999
2 Bed 2 Bath 1,001 sqft $215/sqft Built 1977 0.06 acres Pool Putnam Square Condominiums

**2 bedrooms. 2 bathrooms. And nearly 64 square feet of private bonus space.**

Come home to a place that makes the world feel a little quieter, and gives you room for more of your life. Tucked into a peaceful, owner-run community in North Central Austin, this thoughtfully updated condo has a feature you don’t often find in a 2/2: a private, enclosed storage space behind its own locking door, just outside the front entrance.

At approximately 8'4? × 7'8?, that’s nearly 64 square feet **beyond the condo’s listed living area**. Picture bikes and outdoor gear with a place of their own, holiday decorations you don’t have to squeeze into a bedroom closet, or shelves that keep your hobbies ready for whenever you have time for them. It’s the extra space that makes condo living feel easier.

Inside, the home feels calm, comfortable, and genuinely cared for. A welcoming entry gives you a place to arrive and drop your things. Built-in closet storage in both bedrooms helps keep daily life organized, while spacious living areas give you room to settle in. In the family room, a large sliding glass door brings in natural light and frames a view of a mature tree and visiting birds. Step onto the covered patio for morning coffee or a quiet moment at the end of the day.

Two assigned parking spaces add another everyday convenience. Outside your door, the close-knit community has a neighborly feel without sacrificing privacy. You’re minutes from the Domain and Arboretum, with easy access to Downtown Austin, UT, MoPac, 183, and I-35. Restaurants, coffee shops, and shopping along Burnet and Anderson Roads are close by, too.

**A 2/2 that makes room for the way you actually live.**

At $215/sqft, this home is 45% 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

8621 Putnam Dr #A, Austin, TX 78757

Property Details

Price $214,999
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,001 sqft
Lot Size 0.06 acres (2,452.43 sqft)
Year Built 1977
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Putnam Square Condominiums
County Travis
Zip Code 78757
$/sqft $215/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244294504
List Date August 21, 2026
Elementary School Wooten
Middle School Burnet (Austin ISD)
High School Navarro Early College
School District Austin ISD

Austin ISD

Wooten · Burnet (Austin ISD) · Navarro Early College

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 21, 2026 $225,000
Current ask $214,999
▼ Reduced $10,001 (-4.4%) 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
2500 Steck Ave #22
Palm Condo The
$214,999 $229 2 bd / 1 ba 938 sqft , 2026-09-15
1748 Ohlen Rd #74
Brandywine Condo Amd
$215,000 $279 1 bd / 1 ba 770 sqft , 2026-06-17
8400 Jamestown Dr #426
Jamestown Place Condo Amd
$219,000 $226 2 bd / 2 ba 968 sqft , 2026-09-10
2425 Ashdale Dr #41
Summit Condo Amd
$210,000 $216 2 bd / 2 ba 973 sqft , 2026-01-12
1748 Ohlen Rd #24
Brandywine Condo Amd
$210,000 $176 2 bd / 2 ba 1,194 sqft , 2026-10-17

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
$1,032/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
$43,000
20% conventional investment loan

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

Estimated Gross Rent+$1,032
Principal + Interest−$1,173
Property Tax (assumed ~2.1%)−$376
Insurance (assumed ~0.5%)−$90
Est. Monthly Cash Flow $-607

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 November 6, 2026.

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

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