Active Listing  ·  32 days on market

8621 Putnam Dr #A

Austin, TX 78757
$225,000
2 Bed 2 Bath 1,001 sqft $225/sqft Built 1977 0.06 acres Pool Putnam Square Condominiums

Come home to a place that makes the world feel a little quieter. Tucked into a peaceful, owner-run community in North Central Austin, this thoughtfully updated 2-bedroom, 2-bath condo offers something that can be hard to find in the city: a home that feels calm, comfortable, and genuinely cared for.

Imagine walking through the door after a long day, being greeted by your own reflection in the welcoming entry mirror, and actually having a place to drop everything. Built-in closet storage in both bedrooms makes staying organized easy, while the spacious living areas give you room to settle in rather than simply pass through.

The family room is a favorite retreat. A large sliding glass door fills the space with natural light and looks out toward a mature tree and visiting birds, while the covered patio extends the living space outdoors as an inviting spot for morning coffee, an afternoon of working from home, or winding down at the end of the day.

Two assigned parking spaces and a private storage room just outside the front door add the kind of practical convenience that makes everyday life easier.

Outside your door, this close-knit community has a neighborly feel without sacrificing privacy. And when you're ready to head out, you're minutes from the Domain and Arboretum, with easy access to Downtown Austin, UT, MoPac, 183, and I-35. Burnet and Anderson Roads put an array of restaurants, bars, coffee shops, and shopping close by, including Alamo Drafthouse, Hopdoddy, Jack Allen's, and Ramen Tatsu-Ya.

Comfortable, cared for, and ready for you to make it home.

At $225/sqft, this home is 43% 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

8621 Putnam Dr #A, Austin, TX 78757

Property Details

Price $225,000
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 $225/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 ,

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
2425 Ashdale Dr #81
Summit Condo Amd
$225,000 $229 2 bd / 2 ba 984 sqft , 2026-03-27
2425 Ashdale Dr #92
The Summit Condos
$225,000 $229 2 bd / 2 ba 983 sqft , 2026-07-17
2500 Steck Ave #6
Palm Condo The
$224,900 $240 2 bd / 1 ba 938 sqft , 2026-06-25
8400 Jamestown Dr #426
Jamestown Place Condo Amd
$222,500 $230 2 bd / 2 ba 968 sqft , 2026-09-10
2500 Steck Ave #4
Palm Condo The
$229,000 $244 2 bd / 1 ba 938 sqft , 2026-09-09

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
$1,080/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
$45,000
20% conventional investment loan

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

Estimated Gross Rent+$1,080
Principal + Interest−$1,228
Property Tax (~2.1% TX avg)−$394
Insurance (~0.5%)−$94
Est. Monthly Cash Flow $-636

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 12, 2026.

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