1801 Lavaca St Unit 1b Austin, TX 78701
Texas Capital NeighborhoodEstimated Value: $910,080
--
Bed
--
Bath
2,123
Sq Ft
$1,889/mo
HOA Fee
Highlights
- Corner Lot
- Living Room
- 1-Story Property
- Russell Lee Elementary School Rated A-
- Storage Room
- East Facing Home
About This Home
As of May 2024Rare downtown commercial office space for sale that can be also converted into a residence or live + work at the prestigious & historic Cambridge Tower. It is one of the most iconic buildings near the Capitol Complex In the center of it all but away from the hustle & bustle in the heart of The Arts District. It is currently designed as an open office; however, Alter Studio, an award–winning, architecture & design firm (also located in the building), has designed a one–of–a–kind residential loft (see renderings). This offering comes with five parking spaces » Nowhere else will you find the convenience of a ground–floor downtown Austin commercial address combined with the amenities of a luxury residential building that has the possibility of being converted into a bespoke residential loft (pending HOA approval). The space has an authentic loft feel with exposed concrete ceilings & large windows that are difficult to replicate anywhere else within the city limits. Utilize the 2,123 SF open floor plan to record your next album or launch your next start-up or host exclusive tailgate events by the pool before enjoying the short walk to DKR Texas Memorial Stadium » As part of the Cambridge Tower’s association, you have access to a range of amenities, including a new, soon–to–be–renovated lobby designed by alterstudio, 24/7 concierge, owner’s lounge & auxiliary conference room, fitness center, pool, rooftop garden & 5 reserved parking spaces in the limited-access underground parking garage. With only 4 commercial spaces in the building, you'll experience a tranquil & professional atmosphere » In addition, the center of gravity of downtown Austin is shifting north with significant investment in the neighborhood including but not limited to the upcoming MD Anderson Center & Dell Medical Center, Moody Amphitheater at Waterloo Park, the New Texas Mall, the new Moody Center & Austin's Innovation District. Seize this rare opportunity to work/live in the heart of the new downtown!
Last Listed By
DEN Property Group Brokerage Phone: (512) 222-3364 License #0526188 Listed on: 10/06/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,665
Year Built
- Built in 1964
Lot Details
- East Facing Home
- Property is in good condition
HOA Fees
- $1,889 Monthly HOA Fees
Parking
- 5 Car Garage
- Assigned Parking
Interior Spaces
- 2,123 Sq Ft Home
- 1-Story Property
- Living Room
- Storage Room
Kitchen
- Microwave
- Dishwasher
Schools
- Pease Elementary School
- Martin Middle School
- Austin High School
Utilities
- No Heating
- No Utilities
Community Details
- Association fees include cable TV, common area maintenance, electricity, heat, water, insurance, internet, ground maintenance, maintenance structure, parking, security, sewer, trash, utilities
- Cambridge Condominiums Association
- Cambridge Condo Amd Subdivision
Listing and Financial Details
- Assessor Parcel Number 02100230090012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 6, 2023
Closed on
May 21, 2024
Sold by
Dyal/Fraser Properties Llc
Bought by
Tabor 1801 Llc
Seller's Agent
Bryan Cady
DEN Property Group
Buyer's Agent
Non Member
Non Member
List Price
$1,000,000
Sold Price
$882,000
Premium/Discount to List
-$118,000
-11.8%
Total Days on Market
185
Views
166
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,080
Avg. Annual Appreciation
6.64%
Original Mortgage
$712,000
Interest Rate
6.82%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 19, 2011
Sold by
Kennedy Aloma
Bought by
Dyal Fraser Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.17%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 3, 2009
Sold by
Aloma Ltd
Bought by
Kennedy Aloma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.31%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 29, 2005
Sold by
Aloma Ltd
Bought by
Perry Gregory E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.55%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 15, 2004
Sold by
Aloma Ltd
Bought by
Cambridge Tower Condo Council Co-Owners
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Similar Homes in Austin, TX
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tabor 1801 Llc | -- | Heritage Title | |
| Dyal Fraser Properties Llc | -- | Heritage Title | |
| Kennedy Aloma | -- | None Available | |
| Perry Gregory E | -- | Independence Title Co | |
| Cambridge Tower Condo Council Co-Owners | -- | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tabor 1801 Llc | $500,000 | |
| Closed | Tabor 1801 Llc | $712,000 | |
| Previous Owner | Dyal Fraser Properties Llc | $316,000 | |
| Previous Owner | Dyal Fraser Properties Llc | $75,000 | |
| Previous Owner | Dyal Fraser Properties Llc | $328,000 | |
| Previous Owner | Kennedy Aloma | $280,000 | |
| Previous Owner | Perry Gregory E | $212,000 | |
| Previous Owner | Logan Todd C | $188,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2024 05/21/24 | Sold | -- | -- | -- |
| 04/08/2024 04/08/24 | Pending | -- | -- | -- |
| 01/16/2024 01/16/24 | Price Changed | $995,000 | -0.5% | $469 / Sq Ft |
| 10/06/2023 10/06/23 | For Sale | $1,000,000 | -- | $471 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $17,188 | $950,000 | $271,620 | $678,380 |
| 2022 | $12,573 | $636,634 | $81,486 | $555,148 |
| 2021 | $12,787 | $587,438 | $81,486 | $505,952 |
| 2020 | $13,481 | $628,508 | $81,486 | $547,022 |
| 2018 | $13,614 | $614,927 | $67,905 | $547,022 |
| 2017 | $13,653 | $612,211 | $65,189 | $547,022 |
| 2016 | $10,129 | $454,183 | $65,189 | $388,994 |
| 2015 | $10,172 | $427,439 | $65,189 | $362,250 |
| 2014 | $10,172 | $427,439 | $65,189 | $362,250 |
Source: Public Records
Agents Affiliated with this Home
-
Bryan Cady
Seller's Agent in 2024
Bryan Cady
DEN Property Group
(512) 768-6729
2 in this area
41 Total Sales
-
Emily Lottman
E
Seller Co-Listing Agent in 2024
Emily Lottman
DEN Property Group
(847) 533-6282
2 in this area
16 Total Sales
-
N
Buyer's Agent in 2024
Non Member
Non Member
Map
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 1619430
APN: 200007
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