NOT LISTED FOR SALE

Towers Of Town Lake 40 N Interstate 35 Unit 10C2 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $525,000 - $681,716

2 Beds
2 Baths
1,459 Sq Ft
$820/mo HOA Fee

Last Sold May 05, 2022

Current estimated payment $5,034/month

43 Days on Market

Highlights

  • Concierge
  • Lake Front
  • Heated Indoor Pool
  • Mathews Elementary School Rated A
  • Fitness Center
  • 4-minute walk to Waller Beach at Town Lake Metropolitan Park

About This Home

As of May 2022

Breathtaking views of Downtown Austin from every room with a private balcony. Naturally bright open spaces with tasteful updates throughout. Gorgeous open kitchen with granite counters, European custom cabinets and stainless appliances with en suite laundry room. Stunning Barley wood flooring recently installed. Updated bathrooms include granite counters, modern fixtures, travertine floors and glass enclosed showers. Top notch amenities include heated indoor+outdoor pools, 24-hour concierge with gated access, steam+sauna rooms, weight room, racquetball+basketball courts, piano lounge, billiards room and 2 resv’d spots in the garage. Escape the routine at nearby Butler hike+bike trail and kayak/SUP access. Then indulge in the many entertainment+dining offerings Rainey has to offer just steps away. Terrific value downtown, with no compromises -- a must see!

Last Agent to Sell the Property

Josh Pruitt

Sixth Street Realty Company, P License #0640916 Listed on: 02/18/2022

Last Buyer's Agent

Meg Alley

Urbanspace License #0629511

Urbanspace

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,678

Year Built

  • Built in 1983

Lot Details

  • Lake Front
  • North Facing Home

HOA Fees

  • $820 Monthly HOA Fees

Parking

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

Property Views

  • Panoramic

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Concrete Siding

Interior Spaces

  • 1,459 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Sound System
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Drapes & Rods
  • Blinds
  • French Doors
  • Entrance Foyer

Kitchen

  • Free-Standing Electric Range
  • Range Hood
  • <<microwave>>
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Two Primary Bathrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Washer and Electric Dryer Hookup

Home Security

  • Security Lights
  • Smart Thermostat

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps

Pool

  • Heated Indoor Pool
  • Heated In Ground Pool
  • Outdoor Pool
  • Spa

Outdoor Features

  • Deck
  • Covered patio or porch

Location

  • Property is near public transit

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 10C2 / D
  • Assessor Parcel Number 02010402160140
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, landscaping, ground maintenance, maintenance structure, parking
  • Towers Of Town Lake Association
  • High-Rise Condominium
  • Towers Town Lake Condo Amd Subdivision
  • Mandatory home owners association
  • Community Lake

Amenities

  • Concierge
  • Common Area
  • Game Room
  • Meeting Room
  • Lounge
  • Community Library

Recreation

  • Sport Court
  • Racquetball
  • Trails

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,678

Year Built

Built in 1983

Lot Details

0

HOA Fees

$820 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: High Rise (8-13 Stories)
  • Restrictions: None
  • Year Built: 1983
  • Additional Parcels: No
  • Direction Faces: North
  • Directions: Gated community. Access gate at front entrance on IH 35 Frontage and San Marcos. Ring the concierge at gate and park on the right side of the roof.
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 9469.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: None
  • 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: 1459.00
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Title: Negotiable
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Primary Baths, 2 Primary Suites, Ceiling Fan(s), Ceiling-High, Counter-Granite, Crown Molding, Electric Dryer Hookup, Elevator, Entrance Foyer, French Doors, High Speed Internet, No Interior Steps, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Smart Thermostat, Sound System, Walk-In Closet(s), Washer Hookup
  • Laundry Location: In Unit, Laundry Closet
  • View: City, Downtown, Panoramic, Skyline
  • Flooring: Tile, Wood
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: Accessible Elevator Installed, See Remarks
  • Appliances: Dishwasher, Disposal, Microwave, Plumbed For Ice Maker, Free-Standing Electric Range, RNGHD, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Water Heater-Electric, See Remarks
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: Building Security, Gated with Guard, Secured Garage/Parking, Security Lights
  • Window Features: Blinds, Drapes, Double Pane Windows

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony
  • Roof: Membrane
  • Foundation: Slab
  • Patio And Porch Features: Covered, Deck
  • Pool Features: Heated, In Ground, Indoor, Outdoor Pool, Pool/Spa Combo
  • Private Pool: Yes
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Garage, Gated, Reserved
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, See Remarks
  • Association Fee Frequency: Monthly
  • Association Fee: 819.67

Association/Amenities

  • Association Name: Towers of Town Lake
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: Common Grounds, Concierge, Conference/Meeting Room, Fitness Center, Game Room, Garage Parking, Gated, High Speed Internet, Lake, Library, Lounge, Pool, Property Manager On-Site, Racquetball, Sauna, Spa/Hot Tub, Sport Court(s)/Facility, Walk/Bike/Hike/Jog Trail(s, See Remarks

Schools

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

Lot Info

  • Lot Features: Near Public Transit, Views, See Remarks
  • Special Assessment: No
  • Parcel Number: 02010402160140
  • Lot Size Acres: 0.0260
  • Lot Size Sq Ft: 1132.56
  • Subdivision Name: Towers Town Lake Condo Amd

Building Info

  • Construction Materials: Concrete, See Remarks
  • New Construction: No

Tax Info

  • Tax Block: D
  • Tax Filled Sqft Total: 1459
  • Tax Lot: 10C2
  • Tax Rate: 2.17668000000000
  • Tax Year: 2021
  • Tax Annual Amount: 6678.00
  • Tax Exemptions: See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
May 5, 2022
Sold by
Rita Abdeladim
Bought by
Smith Flint
Seller's Agent
Josh Pruitt
Sixth Street Realty Company, P
Buyer's Agent
Meg Alley
Urbanspace
List Price
$600,000
Sold Price
$585,000
Premium/Discount to List
-$15,000
-2.5%
Current Estimated Value
$603,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,358
Avg. Annual Appreciation
-1.81%

Purchase Details

Closed on
Nov 23, 2010
Sold by
Nelkin Eli L
Bought by
Abdeladim Nadir and Abdeladim Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,250
Interest Rate
4.23%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Smith Flint -- Independence Title
Abdeladim Nadir -- Austin Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abdeladim Nadir $221,000
Previous Owner Abdeladim Nadir $227,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2022 05/05/22 Sold -- -- --
04/02/2022 04/02/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $600,000 0.0% $411 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $600,000 -- $411 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

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 $10,584 $585,000 $133,977 $451,023
2022 $9,450 $478,500 $0 $0
2021 $9,469 $435,000 $133,977 $301,023
2020 $9,116 $425,000 $133,977 $291,023
2018 $9,852 $445,000 $111,648 $333,352
2017 $9,567 $429,000 $111,648 $317,352
2016 $9,590 $430,000 $111,648 $318,352
2015 $9,094 $389,000 $139,559 $249,441
2014 $9,094 $382,151 $139,559 $242,592
Source: Public Records

Agents Affiliated with this Home

  • Josh Pruitt

    Seller's Agent in 2022

    Josh Pruitt

    Sixth Street Realty Company, P

    (512) 626-3192

    4 in this area

    36 Total Sales

    Josh Pruitt
    Section Image
  • Meg Alley

    Buyer's Agent in 2022

    Meg Alley

    Urbanspace

    (512) 234-1333

    5 in this area

    61 Total Sales

    Meg Alley
    Section Image
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About Towers Of Town Lake

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 7985459

Unlock MLS (Austin Board of REALTORS®)

APN: 188170

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 10C2, Austin, TX

This home is located at 40 N Interstate 35 Unit 10C2, Austin, TX 78701 since 18 February 2022 and is currently estimated at $603,358, approximately $413 per square foot. This property was built in 1983. 40 N Interstate 35 Unit 10C2 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and Headwaters School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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