NOT LISTED FOR SALE

Estimated Value: $737,197 - $771,000

2 Beds
2 Baths
1,459 Sq Ft
1,128 Sq Ft Lot

Last Sold August 24, 2018

Current estimated payment $5,014/month

Highlights

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

About This Home

As of June 2023

******Listing Agent is Owner/Agent*****Welcome to your new home at The Towers of Town Lake, 40 N IH 35 Unit 11B2, in the heart of Austin, Texas. This stunning two-bedroom, two-bath apartment features everything you need to live in comfort and style.

Inside, you'll find a spacious primary bedroom with a cedar-lined walk-in closet, an en-suite bathroom with double vanities, and a walk-in shower. You can enjoy breathtaking views of the downtown Austin skyline from your main bedroom.

The second bedroom is just as impressive, with beautiful hardwood floors, a ceiling fan, and two closets for ample storage space. The apartment also features a nice full guest bathroom with plenty of storage, counter space, and a large vanity mirror.

Cooking and entertaining are a breeze in your large kitchen, complete with plenty of cabinet space, a French door refrigerator, an electric range with an overhead microwave, a pantry, and an attached laundry room with a full-sized washer and dryer. The dining area provides plenty of space for dinner parties and gatherings.

The apartment's living room is filled with natural light from its floor-to-ceiling windows and sliding door that leads out onto the balcony and offers a stunning view of downtown Austin. Conveniently located in downtown Austin, this apartment puts you in the heart of all the best shopping, dining, and entertainment the city has to offer.

Building Amenities include an Indoor pool and spa, Outdoor pool, Weight room, Cardio room, racketball/basketball court, Saunas, Pool table, snack room, Library room, Piano room, Package room, 24-hour Concierge, 24-hour security Gated community, Onsite Maintenance, two parking spaces and an abundance of visitor parking.

Don't miss out on the chance to make this stunning apartment your new home.

Last Agent to Rent the Property

Bradley Lewis

eXp Realty, LLC License #0793748 Listed on: 04/14/2023

eXp Realty, LLC

Last Renter's Agent

Non Member

Non Member License #785011

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,186

Year Built

  • Built in 1983

Lot Details

  • Northeast Facing Home
  • Security Fence
  • Gated Home
  • Wrought Iron Fence
  • Property is Fully Fenced
  • Mature Trees
  • Back and Front Yard

Parking

  • 2 Car Detached Garage
  • Lighted Parking
  • Driveway
  • Electric Gate
  • Secured Garage or Parking
  • Guest Parking
  • Additional Parking
  • Off-Street Parking
  • Parking Permit Required
  • Community Parking Structure

Home Design

  • Rubber Roof
  • Stucco

Interior Spaces

  • 1,459 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Chandelier
  • Tinted Windows
  • Display Windows
  • Sauna
  • Wood Flooring

Kitchen

  • Electric Oven
  • Free-Standing Electric Range
  • <<microwave>>
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

  • Security Lights
  • Smart Thermostat

Accessible Home Design

  • Accessible Common Area

Eco-Friendly Details

  • Sustainability products and practices used to construct the property include onsite recycling center
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat

Pool

  • Indoor Pool
  • Filtered Pool
  • In Ground Pool
  • In Ground Spa
  • Gunite Pool
  • Outdoor Pool
  • Waterfall Pool Feature

Outdoor Features

  • Basketball Court
  • Uncovered Courtyard
  • Covered patio or porch
  • Terrace

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Separate Meters
  • Shared Water Meter
  • Well
  • High Speed Internet

Listing and Financial Details

  • Security Deposit $2,900
  • Tenant pays for all utilities, cable TV, electricity, internet
  • No Smoking Allowed
  • 12-Month Min and 18-Month Max Lease Term
  • 12 Month Lease Term
  • $40 Application Fee
  • Legal Lot and Block 11B2 / D
  • Assessor Parcel Number 02010402160150

Community Details

Overview

  • Property has a Home Owners Association
  • 186 Units
  • High-Rise Condominium
  • The Towers Of Town Lake Community
  • Towers Town Lake Condo Amd Subdivision
  • Lock-and-Leave Community
  • On-Site Maintenance

Amenities

  • Concierge
  • Courtyard
  • Common Area
  • Recycling
  • Game Room
  • Meeting Room
  • Community Library
  • Planned Social Activities
  • Package Room
  • Elevator

Recreation

  • Trails

Pet Policy

  • Pet Size Limit
  • Pet Deposit $500
  • 2 Pets Allowed
  • Dogs Allowed
  • Breed Restrictions
  • Small pets allowed

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$10,186

Year Built

Built in 1983

Lot Details

0

Parking

2

Rental Info

  • Additional Pet Fee: 100
  • App Delivery To: https://apply.link/3Kxha4u
  • App Deposit Payable To: Owner
  • App Fee Payable To: Pay on Rent Spree link
  • Application Fee: 40
  • Application Policy: Best Qualified Application
  • Application Required: See Attached
  • First Month Rent Payable To: Owner
  • Furnished: Unfurnished
  • Max Lease Months: 18
  • Max Numof Pets: 2
  • Min Lease Months: 12
  • Pet Deposit: 500
  • Security Deposit: 2900
  • Tenant Pays: All Utilities, Cable TV, Electricity, Internet
  • Per Person: Yes
  • Per Pet: Yes
  • Pets Allowed: Dogs OK, Small (< 20 lbs), Size Limit, Breed Restrictions
  • Renters Insurance Required: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Unit Style: High Rise (8-13 Stories), Single level Floor Plan, Elevator
  • Year Built: 1983
  • Additional Pet Fee Description: Each
  • Administrative Fee Payable To: Orientation fee to HOA
  • Certified Funds: Yes
  • Direction Faces: NE
  • Directions: To reach the Towers of Town Lake traveling north on I35, exit I-35 at Holly Street and turn left under the bridge. At the next light, turn left onto the southbound access road. The entrance to the Towers of Town Lake is located on San Marcos Street, behind the Chevron gas station. (The first gate directly on the right as you turn onto San Marcos) Once you arrive at the gate, please press the button and speak with the concierge for entry. After entering the building, please sign in with the concierge. If you are coming south on I-35, exit at Cesar Chavez and turn right on San Marcos Street (Behind the Chevron gas station, first gate Directly on your right as you turn on San Marcos St.)
  • Disclosures: Owner/Agent
  • FEMA Flood Plain: No
  • Fencing: Full, Gate, Wrought Iron
  • Garage Spaces: 2.00
  • Green Energy Efficient: HVAC, Lighting, Thermostat
  • Green Sustainability: Onsite Recycling Center
  • Home Sale Contingency: No
  • Housing Vouchers: No
  • Intermediary: Yes
  • Lease Term: 12 Months
  • Levels: One
  • Living Area: 1459.00
  • Complex Name: The Towers of Town Lake
  • Monthly Pet Rent Per Pet: No
  • Move In Special: No
  • On Site Compliance: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Cedar Closet(s), Ceiling Fan(s), Chandelier, Counter-Granite, Crown Molding, Electric Dryer Hookup, Elevator, Pantry, Primary Bedroom on Main, Recessed Lighting, Sauna, Smart Thermostat, Walk-In Closet(s), Washer Hookup
  • Laundry Location: In Unit, Laundry Closet, Laundry Room
  • View: City, City Lights, Downtown, Skyline
  • Flooring: Wood
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: Common Area
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Electric Oven, Free-Standing Electric Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
  • Appliances Maintained: Dishwasher, Disposal, Dryer, Microwave Oven, Range/Oven/Stove, Refrigerator, Washer, Water Heater
  • Main Level Bedrooms: 2
  • Security Features: 24 Hour Security, Building Security, Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Gated with Guard, Key Card Entry, Secured Garage/Parking, Security Fence, Security Guard, Security Lights, Security Service, Smoke Detector(s)
  • Smoking Inside: No
  • Spa Features: Hot Tub, In Ground
  • Window Features: Display Window(s), Tinted Windows

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony, Basketball Court, Uncovered Courtyard, Restricted Access
  • Roof: Rubber
  • Foundation: None
  • Patio And Porch Features: Covered, Terrace
  • Pool Features: Filtered, Gunite, In Ground, Indoor, Outdoor Pool, Pool/Spa Combo, Waterfall
  • Private Pool: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Additional Parking, Concrete, Covered, Detached, Electric Gate, Garage, Gated, Guest, Lighted, Off Street, Parking Permit Required
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Internet-Cable, Internet-Fiber
  • Heating: Electric
  • Meter Description: Electric Separate, Water Common
  • Water Source: Public, Well
  • Cooling: Central Air, Electric

Condo/Co-op/Association

  • Managed By: Owner

Association/Amenities

  • Association: Yes
  • Community Features: Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Courtyard, Covered Parking, Fitness Center, Game Room, Garage Parking, Gated, Library, Lock and Leave, Maintenance On-Site, Nest Thermostat, Package Service, Planned Social Activities, Pool, Property Manager On-Site, Recycling Area/Center, Sauna, Spa/Hot Tub, Street Lights, Walk/Bike/Hike/Jog Trail(s

Fee Information

  • Administration Fee: 100

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: Back Yard, Front Yard, Trees-Large (Over 40 Ft)
  • Parcel Number: 02010402160150
  • Lot Size Acres: 0.0259
  • Lot Size Sq Ft: 1128.20
  • Subdivision Name: Towers Town Lake Condo Amd

Building Info

  • Construction Materials: Stucco
  • New Construction: No

Multi Family

  • Number Of Units Total: 186

Tax Info

  • Tax Block: D
  • Tax Filled Sqft Total: 1459
  • Tax Lot: 11B2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2018
Closed on
Aug 24, 2018
Sold by
Kissner Mark Douglas
Bought by
Dresslar Walter E
Seller's Agent
Josh Baellow
Compass RE Texas, LLC
Buyer's Agent
Dana Takenaka
Central Texas Referral Realty
List Price
$519,000
Sold Price
$476,000
Premium/Discount to List
-$43,000
-8.29%
Current Estimated Value
$754,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,099
Avg. Annual Appreciation
4.78%
Original Mortgage
$380,000
Outstanding Balance
$334,088
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$322,731

Purchase Details

Closed on
Jul 13, 1999
Sold by
Town Lake Partners Ltd
Bought by
Kissner Douglas Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,100
Interest Rate
7.39%
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
Dresslar Walter E -- Alamo Title Co
Kissner Douglas Mark -- Heritage Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dresslar Walter E $380,000
Previous Owner Kissner Douglas Mark $258,500
Previous Owner Kissner Douglas Mark $277,500
Previous Owner Kissner Douglas Mark $239,000
Previous Owner Kissner Douglas Mark $240,000
Previous Owner Kissner Douglas Mark $169,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Rented $2,900 0.0% --
06/12/2023 06/12/23 Under Contract -- -- --
04/14/2023 04/14/23 For Rent $2,900 +11.5% --
05/25/2021 05/25/21 Rented $2,600 -8.8% --
05/07/2021 05/07/21 Under Contract -- -- --
04/02/2021 04/02/21 Price Changed $2,850 -5.0% $2 / Sq Ft
02/11/2021 02/11/21 For Rent $3,000 0.0% --
08/24/2018 08/24/18 Sold -- -- --
06/23/2018 06/23/18 Pending -- -- --
06/04/2018 06/04/18 Price Changed $494,900 -1.0% $339 / Sq Ft
05/03/2018 05/03/18 Price Changed $499,900 -3.7% $343 / Sq Ft
04/06/2018 04/06/18 For Sale $519,000 -- $356 / 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 $10,186 $563,000 $133,977 $429,023
2022 $10,335 $523,326 $133,977 $389,349
2021 $10,021 $460,401 $133,977 $326,424
2020 $10,213 $476,139 $133,977 $342,162
2018 $10,184 $460,000 $111,648 $348,352
2017 $9,716 $435,685 $111,648 $327,352
2016 $8,833 $396,077 $111,648 $332,352
2015 $7,220 $360,070 $139,559 $264,441
2014 $7,220 $327,336 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4116227

Unlock MLS (Austin Board of REALTORS®)

APN: 188180