Active Listing  ·  8 days on market

9602 Covey Ridge Ln

Austin, TX 78758
$245,900
3 Bed 2 Bath 1,237 sqft $199/sqft Built 1972 0.10 acres 1-Car Garage Pool Park At Quail Creek Amd

Beautifully and completely updated/remodeled townhome located in a North Austin pocket community that is graced with majestic oaks and magnolia trees, making short walks on the paved paths through the neighborhood a pleasure. The home offers wonderful natural light and a nice flow for indoor-outdoor living with a patio that is accessible through separate sliding glass doors from Kitchen. Updated windows looking out at the beautiful oak grove in front and glass doors looking out to a private patio. The kitchen has space for an island, and the main bedroom is spacious enough to accommodate a king size bed.

2026 Updates Include:

HVAC System

Water heater

Full remodel including:

New LVP flooring, paint, Quartz counters in bathrooms and kitchen, all cabinets, plumbing fixtures and valves, Garbage disposal, New large single-basin undercounter sink

New ceiling fans in all bedrooms and the living room

New interior doors (including sliding closet doors) and door hardware

New blinds

New tile, tub and fixtures

New recessed lighting

Other past updates - all the windows and the sliding door were upgraded to energy-efficient models.

Oven is a convection oven

Popcorn ceilings removed

HOA includes community pool, tennis courts, a dog park, landscaping and maintenance. Located close to the Domain, AFC stadium, 7.4 miles to University of Texas, 8.5 miles to the Texas Capitol, 20 minutes to Austin-Bergstrom airport, and walking distance to the HEB grocery store, North Austin YMCA, community garden, Little Walnut Creek Public Library, restaurants and public transportation. Beautifully updated and ready for a new owner!

At $199/sqft, this home is 49% 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

9602 Covey Ridge Ln, Austin, TX 78758

Property Details

Price $245,900
Status Active Listing
Beds 3
Full Baths 1
Half Baths 1
Living Area 1,237 sqft
Lot Size 0.10 acres (4,260.17 sqft)
Year Built 1972
Garage 1 spaces
Stories ,
Type Residential · Townhouse
Subdivision Park At Quail Creek Amd
County Travis
Zip Code 78758
$/sqft $199/sqft
Days on Market ,
HOA $260/Monthly
Annual Tax Est. $4,561.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242405062
List Date August 6, 2026
Elementary School McBee
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
9001 Parkfield Dr #A
Orange Grove Condo Amd
$249,000 $228 2 bd / 1 ba 1,092 sqft , 2026-08-05
1010 Rundberg Ln #24
Summertree Condo
$250,000 $202 3 bd / 2 ba 1,238 sqft , 2025-10-29
8903 Trone Cir #C
Orange Grove Condo Amd
$259,000 $181 3 bd / 2 ba 1,430 sqft , 2026-07-30
9622 Covey Ridge Ln
Park At Quail Creek Amd
$229,000 $246 2 bd / 1 ba 930 sqft , 2026-07-23
9217 Singing Quail Dr #8E
Quail Run Condo Amd
$264,900 $204 2 bd / 2 ba 1,296 sqft , 2026-06-16

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
$1,180/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
$49,180
20% conventional investment loan

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

Estimated Gross Rent+$1,180
Principal + Interest−$1,342
Property Tax (~2.1% TX avg)−$430
Insurance (~0.5%)−$102
Est. Monthly Cash Flow $-694

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 11, 2026.

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