$510,000

Towers Of Town Lake 40 N Interstate 35 Unit 3D3 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated payment $4,922/month

Total Views 311
2 Beds
2 Baths
1,533 Sq Ft
$333 Price per Sq Ft

Highlights

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

About This Home

Located in a premier location with convenient access to downtown and Rainey Street, this 2-bedroom, 2-bathroom condo offers a turnkey lifestyle in the heart of Austin. Bamboo floors run throughout the open living room with a wall of sliding glass doors that lead to a spacious balcony, allowing plenty of natural light to enter the residence. The kitchen boasts stainless-steel appliances and ample cabinetry for storage. The primary bedroom features a walk-in closet and an en-suite bathroom with dual sinks, a water closet, and a built-in linen closet. The unit also has in-unit laundry. One of the first condo buildings in Austin, Towers of Town Lake is home to highly sought after amenities including 24-hour concierge service, a fitness center with a basketball court, a sauna, resort-style indoor and outdoor pools, a billiards room, well-maintained common areas, and a conference room. Easily explore the Hike-and-Bike Trail and enjoy the exceptional sights, restaurants, and entertainment both downtown and in East Austin. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Listing Agent

Andrew Senter

Moreland Properties Brokerage Phone: (512) 480-0848 License #0659815 Listed on: 08/05/2025

Moreland Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,144

Year Built

  • Built in 1983

Lot Details

  • North Facing Home
  • Dog Run
  • Security Fence

HOA Fees

  • $1,200 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,533 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Built-In Electric Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Bamboo
  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Double Vanity

Home Security

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • Indoor Pool
  • Outdoor Pool
  • Spa
  • Waterfall Pool Feature

Outdoor Features

  • Covered Patio or Porch
  • Terrace

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 02010402160041
  • Tax Block D

Community Details

Overview

  • Association fees include electricity
  • Somerset Association
  • Towers Town Lake Condo Amd Subdivision

Amenities

  • Concierge
  • Courtyard
  • Clubhouse
  • Meeting Room

Recreation

  • Sport Court

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,144

Year Built

Built in 1983

Lot Details

0

HOA Fees

$1,200 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1983
  • Direction Faces: North
  • Directions: From I-35 headed north, take exit 234A toward Holly Street. Continue onI-35 North toward the Towers of Town Lake.
  • Disclosures: None
  • Fencing: None
  • Garage Spaces: 2
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 1533
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Attribution Contact: (512) 480-0848
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 11143.76
  • FEMA Flood Plain: Yes-100 yr
  • Restrictions: Deed Restrictions,Development Type
  • Tax Exemptions: None
  • Unit Style: High Rise (8-13 Stories)
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Double Vanity, Primary Bedroom on Main, Recessed Lighting
  • View: Pool
  • Flooring: Bamboo, Tile, Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Built-In Electric Range, Built-In Oven(s), Dishwasher, Microwave, Stainless Steel Appliance(s), Vented Exhaust Fan
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: Fire Sprinkler System, Security Fence, Smoke Detector(s)
  • Spa Features: See Remarks, Hot Tub
  • Window Features: Window Treatments
  • Laundry Location: In Unit,Laundry Closet
  • Num Dining: 1
  • Num Living: 1

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony, Dog Run
  • Roof: See Remarks
  • Foundation: Slab
  • Patio And Porch Features: Covered, Patio, Terrace
  • Pool Features: See Remarks, Indoor, Outdoor Pool, Waterfall
  • Private Pool: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Central
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air

Condo/Co-op/Association

  • HOA Fee Includes: See Remarks, Electricity
  • Association Fee Frequency: Monthly
  • Association Fee: 1200

Association/Amenities

  • Association Name: Somerset
  • Association: Yes
  • Community Features: See Remarks, Clubhouse, Concierge, Conference/Meeting Room, Courtyard, Fitness Center, Pool, Sauna, Hot Tub, Sport Court(s)/Facility

Schools

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

Lot Info

  • Lot Features: None
  • Parcel Number: 02010402160041
  • Lot Size Acres: 0.0275
  • Lot Size Sq Ft: 1197.9
  • Subdivision Name: Towers Town Lake Condo Amd

Building Info

  • Construction Materials: See Remarks
  • New Construction: No

Tax Info

  • Tax Block: D
  • Tax Year: 2025
  • Tax Annual Amount: 11143.76
  • Tax Map Number: 3D3
  • Tax Filled Sqft Total: 1533
  • Tax Rate: 1.98181400000000

Map

About Towers Of Town Lake

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
2025 $12,336 $562,301 $142,180 $420,121
2023 $12,336 $609,397 $142,180 $467,217
2022 $11,561 $585,368 $142,180 $443,188
2021 $10,065 $462,384 $142,180 $320,204
2020 $9,934 $463,147 $142,180 $320,967
2018 $10,080 $455,307 $118,483 $336,824
2017 $9,471 $424,687 $118,483 $306,204
2016 $9,422 $422,500 $118,483 $304,017
2015 $8,157 $347,581 $148,104 $199,477
2014 $8,157 $342,751 $148,104 $194,647
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 For Sale $510,000 -- $333 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Special Warranty Deed -- None Available
Vendors Lien -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $166,500 New Conventional
Previous Owner $282,750 Commercial
Source: Public Records

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Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1117705

Unlock MLS (Austin Board of REALTORS®)

APN: 188071

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 3D3, Austin, TX

This home is located at 40 N Interstate 35 Unit 3D3, Austin, TX 78701 and is currently priced at $510,000, approximately $332 per square foot. This property was built in 1983. 40 N Interstate 35 Unit 3D3 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and Headwaters School.

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Andrew Senter
Listing Agent
Andrew Senter
Section Image
Moreland Properties
(737) 510-7967