NOT LISTED FOR SALE

Estimated Value: $928,369

Studio
-- Baths
2,123 Sq Ft
566 Sq Ft Lot

Sale Details

Date Sold: May 21, 2024

Current estimated payment $7,025 / mo

185 Days on Market

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 2024

Rare 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 Agent to Sell the Property

Bryan Cady

DEN Property Group Brokerage Phone: (512) 222-3364 License #0526188 Listed on: 10/06/2023

Co-Listed By

Emily Lottman

Phyllis Browning Company Brokerage Phone: (512) 222-3364 License #0664915

Last Buyer's Agent

Non Member

Non Member License #785011

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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

Listing and Financial Details

  • Assessor Parcel Number 02100230090012

Community Details

Overview

  • 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

Amenities

  • No Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,665

Year Built

Built in 1964

Lot Details

566 Sq Ft Lot

HOA Fees

$1,889 per month

Parking

5

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1964
  • Additional Parcels: No
  • Direction Faces: East
  • Directions: IH35 west on MLK, property located in first floor of Cambridge Tower at the intersection of Lavaca and MLK
  • Disclosures: See Remarks
  • Fencing: None
  • Garage Spaces: 5
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 2123
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Co List Office Mls Id: ACT5906
  • Co List Office Phone: (512) 222-3364
  • Attribution Contact: (512) 222-3364
  • Attribution Contact: (512) 222-3364
  • ETJ Extra Territorial Jurdn: Yes
  • Estimated Taxes: 9204.00
  • FEMA Flood Plain: No
  • Current Price Lot Size Squ: 1557.53
  • Current Price By Living Ar: 415.45
  • Current Price By Original : 0.88
  • List Price Lot Size Square: 1757.08
  • List Price By Living Area: 468.68
  • List Price By Original Lis: 1.00
  • Restrictions: None
  • Tax Exemptions: None
  • Unit Style: See Remarks
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: See Remarks
  • View: See Remarks
  • Flooring: See Remarks
  • Accessibility Features: None
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Property Condition: Resale, Good
  • Security Features: None
  • Spa Features: None
  • Window Features: See Remarks
  • ResoLivingAreaSource: Builder
  • Laundry Location: None

Exterior Features

  • Exterior Features: None
  • Roof: See Remarks
  • Foundation: See Remarks
  • Patio And Porch Features: None
  • Pool Features: None
  • Private Pool: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 5
  • Parking Features: Assigned
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: None
  • Heating: None
  • Water Source: Public
  • Cooling: See Remarks

Condo/Co-op/Association

  • HOA Fee Includes: Cable TV, Common Area Maintenance, Electricity, Heat, Water, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Parking, Security, Sewer, Trash, Utilities
  • Association Fee Frequency: Monthly
  • Association Fee: 1889

Association/Amenities

  • Association Name: Cambridge Condominiums
  • Association: Yes
  • Community Features: None

Schools

  • Elementary School: Pease
  • High School: Austin
  • Middle/Junior School: Martin
  • Junior High Dist: Austin ISD

Lot Info

  • Lot Features: Corner Lot
  • Parcel Number: 02100230090012
  • Lot Size Acres: 0.013
  • Lot Size Sq Ft: 566.28
  • Subdivision Name: Cambridge Condo Amd

Building Info

  • Construction Materials: None
  • New Construction: No

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9665.02
  • Tax Rate: 2.20640000000000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Seller's Agent
Bryan Cady
DEN Property Group
Buyer's Agent
Non Member
Non Member
List Price
$1,000,000
Views
166
Current Estimated Value
$928,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,000
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2004
Sold by
Aloma Ltd
Bought by
Cambridge Tower Condo Council Co-Owners
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Heritage Title
Cambridge Tower Condo Council Co-Owners -- Multiple
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Closed Tabor 1801 Llc $712,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2027 $461 --
2026 -- --
2025 $431 $7,649 $0 $0
2024 $431 $7,938 $0 $0
2023 $431 $6,002 $0 $0
2022 $415 $4,012 $0 $0
2021 $418 $3,840 $0 $0
Source: Public Records

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1619430

Unlock MLS (Austin Board of REALTORS®)

APN: 200007

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