NOT LISTED FOR SALE

Towers Of Town Lake 40 N Interstate 35 Unit 10A2 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $1,010,000 - $1,715,716

2 Beds
3 Baths
2,536 Sq Ft
$1,553/ mo HOA Fee

Last Sold April 17, 2023

Current estimated payment $9,776/month

54 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • In Ground Pool
  • Mathews Elementary School Rated A
  • 24-Hour Security
  • 4-minute walk to Waller Beach at Town Lake Metropolitan Park

About This Home

As of April 2023

Enjoy living in the center of everything Austin has to offer at downtown’s original urban address, the Towers of Town Lake. Set right on the north shore, the Towers offers access to the Lady Bird Lake without crossing a road; when you’re ready for some excitement just stroll a few blocks north to sample the city’s best dining. This tenth-floor unit spans the building, offering lakeside views from the bedrooms and city vistas from the living/dining room and kitchen. Floor-to-ceiling windows flood the spaces with light and encourage you to step out on to the patios for some fresh air. Features include hardwood flooring, an updated kitchen, designer wallpaper and antique door accents, two bar areas with two wine coolers, a media room and three full bathrooms.

Last Agent to Sell the Property

Greg Walling

Moreland Properties License #0535586 Listed on: 01/27/2023

Moreland Properties

Last Buyer's Agent

Mark Murrell

JBGoodwin REALTORS WL License #0523047

JBGoodwin REALTORS WL

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,931

Year Built

  • Built in 1983

Lot Details

  • South Facing Home
  • Security Fence
  • Gated Home
  • Property is Fully Fenced

HOA Fees

  • $1,553 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Secured Garage or Parking
  • Community Parking Structure

Property Views

  • Park or Greenbelt

Home Design

  • Slab Foundation
  • Flat Tile Roof
  • Stucco

Interior Spaces

  • 2,536 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Sound System
  • Built-In Features
  • Bookcases
  • Recessed Lighting
  • 1 Fireplace
  • Window Treatments
  • Multiple Living Areas
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Cedar Closet
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry in Hall
  • Washer and Dryer

Home Security

Outdoor Features

  • In Ground Pool

Schools

  • Mathews Elementary School
  • O Henry Middle School
  • Austin High School

Additional Features

  • No Interior Steps
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02010402160134
  • 2% Total Tax Rate
  • Special Tax Authority

Community Details

Overview

  • Association fees include common area maintenance, insurance, sewer, trash, water
  • Towers Of Town Lake Association
  • High-Rise Condominium
  • Towers Town Lake Condo Amd Subdivision
  • Mandatory home owners association

Amenities

  • Concierge
  • Game Room
  • Meeting Room
  • Elevator
  • Office

Recreation

  • Trails

Security

  • 24-Hour Security
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,931

Year Built

Built in 1983

Lot Details

1,960 Sq Ft Lot

HOA Fees

$1,553 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: High Rise (8-13 Stories), Elevator
  • Restrictions: None
  • Year Built: 1983
  • Additional Parcels: No
  • Direction Faces: South
  • Directions: South bound IH 35, exit Cesar Chavez and stay on frontage road. The Towers of Town Lake entrance is right before the Holiday Inn. Turn right on road before gas station and use the phone to call concierge for access.
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 15931.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: Full, Gate, Security
  • Fireplaces: 1
  • Garage Spaces: 2.00
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Guest Accommodation Description: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: One
  • Living Area: 2536.00
  • Other Structures: Garage(s)
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Bookcases, Breakfast Bar, Built-in Features, Cedar Closet(s), Counter-Granite, Kitchen Island, Multiple Living Areas, No Interior Steps, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Sound System, Walk-In Closet(s), Wet Bar
  • Laundry Location: In Hall, Laundry Closet
  • View: City, Lake, Park/Greenbelt, River
  • Flooring: Wood
  • Fireplace Features: None
  • Num Dining: 1
  • Num Living: 2
  • Accessibility Features: None
  • Appliances: Built-In Oven(s), Built-In Range, Built-In Refrigerator, Dishwasher, Disposal, Microwave, RNGHD, Washer/Dryer, Wine Refrigerator
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: 24 Hour Security, Building Security, Secured Garage/Parking, Smoke Detector(s)
  • Window Features: Window Treatments

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms: 3
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Roof: Flat Tile
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: In Ground, Private
  • Private Pool: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Insurance, Sewer, Trash, Water
  • Association Fee Frequency: Monthly
  • Association Fee: 1552.79

Association/Amenities

  • Association Name: Towers of Town Lake
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: Concierge, Conference/Meeting Room, Creative Office Space, Fitness Center, Game Room, Garage Parking, Gated, Pool, Walk/Bike/Hike/Jog Trail(s

Schools

  • School District: Austin ISD
  • Elementary School: Mathews
  • High School: Austin
  • Middle/Junior School: O Henry

Lot Info

  • Lot Features: Views
  • Special Assessment: Yes
  • Parcel Number: 02010402160134
  • Lot Size Acres: 0.0450
  • Lot Size Sq Ft: 1960.20
  • Subdivision Name: Towers Town Lake Condo Amd

Building Info

  • Construction Materials: Stucco
  • New Construction: No

Tax Info

  • Tax Filled Sqft Total: 2536
  • Tax Rate: 2.29608000000000
  • Tax Year: 2022
  • Tax Annual Amount: 15931.00
  • Tax Exemptions: Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
Apr 7, 2023
Sold by
Weber Shari Marie
Bought by
Goodwin Ben
Seller's Agent
Greg Walling
Moreland Properties
Buyer's Agent
Mark Murrell
JBGoodwin REALTORS WL
List Price
$1,325,000
Views
30
Current Estimated Value
$1,235,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.02%

Purchase Details

Listed on
Feb 18, 2016
Closed on
May 25, 2016
Sold by
Sander Albert A and Sander Jean Ann
Bought by
Weber Dana K and Weber Shari M
Seller's Agent
Stephanie Panozzo
Compass RE Texas, LLC
Buyer's Agent
Greg Walling
Moreland Properties
List Price
$1,175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.06%
Original Mortgage
$575,000
Interest Rate
3.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2004
Sold by
Rouhani Jinous M and Rouhani Jinous
Bought by
Sander Albert A and Sander Jean Ann

Purchase Details

Closed on
May 23, 2003
Sold by
Hakki Majd W
Bought by
Hakki Jinous M

Purchase Details

Closed on
May 2, 1996
Sold by
Johnson Luci Baines and Turpin Ian
Bought by
Hakki Majd W and Rouhani Jinous M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Goodwin Ben -- Austin Title Company
Weber Dana K -- Heritage Title
Sander Albert A -- --
Hakki Jinous M -- --
Hakki Majd W -- Heritage Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weber Dana K $575,000
Previous Owner Hakki Majd W $170,000
Closed Hakki Jinous M $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2023 04/17/23 Sold -- -- --
03/22/2023 03/22/23 Pending -- -- --
01/27/2023 01/27/23 For Sale $1,325,000 +12.8% $522 / Sq Ft
05/25/2016 05/25/16 Sold -- -- -- View Prior Sale
05/02/2016 05/02/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $1,175,000 -- $463 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

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
2025 $21,502 $1,050,698 $235,143 $815,555
2023 $18,076 $999,082 $0 $0
2022 $17,937 $908,256 $0 $0
2021 $17,973 $825,687 $235,143 $590,544
2020 $18,321 $854,159 $235,143 $619,016
2018 $21,448 $968,751 $195,953 $772,798
2017 $18,422 $826,037 $195,953 $630,084
2016 $13,965 $626,198 $195,953 $558,526
2015 $9,244 $569,271 $244,941 $394,059
2014 $9,244 $517,519 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Walling

    Seller's Agent in 2023

    Greg Walling

    Moreland Properties

    (512) 633-3787

    1 in this area

    129 Total Sales

    Greg Walling
    Section Image

  • M

    Buyer's Agent in 2023

    Mark Murrell

    JBGoodwin REALTORS WL

    2 in this area

    36 Total Sales

    Mark Murrell
    Section Image
  • Stephanie Panozzo

    Seller's Agent in 2016

    Stephanie Panozzo

    Compass RE Texas, LLC

    (512) 750-7808

    1 in this area

    41 Total Sales

    Stephanie Panozzo
    Section Image
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About Towers Of Town Lake

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 8389452

Unlock MLS (Austin Board of REALTORS®)

APN: 188164

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 10A2, Austin, TX

Not Listed for Sale

Condos

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Unlock MLS (Austin Board of REALTORS®) Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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Based on information submitted to the MLS GRID

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