NOT LISTED FOR SALE

Towers Of Town Lake 40 N Interstate 35 Unit 5C2 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $513,000 - $655,369

2 Beds
2 Baths
1,450 Sq Ft
1,133 Sq Ft Lot

Sale Details

Date Sold: September 30, 2013

Current estimated payment $4,013 / mo

96 Days on Market

Highlights

  • Unit is on the top floor
  • City View
  • Walk-In Closet
  • Mathews Elementary School Rated A
  • Detached Garage
  • 4-minute walk to Waller Beach at Town Lake Metropolitan Park

About This Home

As of September 2013

Built in 1983, the Towers of Town Lake, located at 40 N. IH 35, is one of Austin's earlier residential high rise buildings. If you are looking for downtown living at its best, you can get more space for your money here. This unit has 2 bedrooms and 2 baths with a large balcony. The name comes from the four towers of elevator banks - A through D. Each elevator stop accesses a maximum of four units per floor. The Towers of Town Lake is located right across from Ladybird Lake Trail.

Last Agent to Sell the Property

Ryan Gehris

Penelope Willhite, Broker License #0556144 Listed on: 06/19/2013

Last Buyer's Agent

Tory Ketter

Keller Williams Realty License #0578884

Keller Williams Realty

Property Details

Home Type

  • Condominium

Year Built

  • 1983

Lot Details

  • 1,133

HOA Fees

  • $598 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Concrete Roof

Interior Spaces

  • 1,450 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

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

Home Security

Parking

  • Detached Garage
  • Reserved Parking

Location

  • Unit is on the top floor

Utilities

  • Central Heating
  • Electricity To Lot Line

Listing and Financial Details

  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include cable, common area maintenance, common insurance, exterior maintenance, security system
  • High-Rise Community

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

1983

Lot Details

1,133 Sq Ft Lot

HOA Fees

$598 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condo
  • Unit Style: High Rise (8-13 Stories), Neighbor Below
  • Access Instructions: Key With Owner
  • Exclusions: Homestead, Over 65
  • Restrictions: Yes
  • Total Sq Ft: 1450
  • Stories: 1
  • Year Built Exception: Approximate
  • Restrictions Type: City Restrictions, Covenant
  • Ratio Close Price By List Price: 0.98515
  • Ratio Close Price By Original Li: 0.98515
  • Ratio Close Price By Sq Ft: 224.14
  • Ratio Current Price By Sq Ft: 224.14
  • Ratio List Price By Sq Ft: 227.52
  • Special Features: None
  • Year Built: 1983

Interior Features

  • Faces: North
  • Master Description: Double Vanity, Dressing Room, Separate Shower, Walk-In Closet
  • Kitchen: Breakfast Bar
  • Main Level Bedrooms: 2
  • Interior Amenities: Elevator, Fire Alarm System, Smoke Detector, Walk-In Closet
  • Dining Description: Dining L, Liv/Din Combo
  • View: City
  • Laundry Facilities: Washer Connections, Dryer Connection - Electric, Dryer Connection - Gas, Utility/Laundry Room
  • Flooring: Carpet
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Kitchen Appliances: Built-In Oven(s), Cook Top Electric, Cook Top Gas, Dishwasher, Disposal, Microwave Oven
  • Master Main: Yes
  • Num Dining: 1
  • Num Living: 1
  • Region: Austin - Central

Exterior Features

  • Fence: Wrought Iron
  • Pool on Property: Yes
  • Trees: Medium (20 Ft - 40 Ft)
  • Exterior Features: See Agent
  • Roof: Concrete
  • Construction: All Sides Masonry
  • Foundation: Slab
  • Pool Descron Prop: Attached Spa/Hot Tub, In-Ground Pool
  • Spa Hot Tub: Yes
  • Spa Hot Tub Description: In Ground

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: 2 Reserved, Detached

Utilities

  • Cooling: Central Air
  • Sewer: City On Property
  • Utilities: Electricity On Property, Natural Gas On Property
  • Heating: Central Heat
  • Water Source: City

Condo/Co-op/Association

  • HOA: Yes
  • HOA Fee Includes: Cable, Common Area Maintenance, Common Insurance, Exterior Maintenance, Security System
  • Association Fee Frequency: Monthly
  • Association Fee: 598
  • Hoa Name: unknown
  • H O A Requirement: Mandatory
  • HOA Transfer Fee: 125

Schools

  • Elementary A: Mathews
  • Middle Intermediate School: O Henry
  • Sr High Other: Austin
  • High School: Austin

Lot Info

  • Land Sq Ft: 1450.000

Tax Info

  • Actual Tax: 5964.00
  • Tax Rate: 2.41900000000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2013
Closed on
Sep 27, 2013
Sold by
Doria Guido
Bought by
Riggs Walter W and Riggs Brenda
Seller's Agent
Ryan Gehris
Penelope Willhite, Broker
Buyer's Agent
Tory Ketter
Keller Williams Realty
List Price
$329,900
Current Estimated Value
$562,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.47%

Purchase Details

Closed on
Dec 11, 2008
Sold by
Wise Gary L and Pagano Christina
Bought by
Doria Guido

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,500
Interest Rate
6.48%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 2, 1996
Sold by
Town Lake Partners Ltd
Bought by
Wise Gary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,200
Interest Rate
7.35%
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
Riggs Walter W -- None Available
Doria Guido -- None Available
Wise Gary L -- Heritage Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Doria Guido $144,500
Previous Owner Wise Gary L $113,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2013 09/30/13 Sold -- -- --
09/27/2013 09/27/13 For Sale $329,900 0.0% $228 / Sq Ft
09/23/2013 09/23/13 Pending -- -- --
08/19/2013 08/19/13 Pending -- -- --
06/19/2013 06/19/13 For Sale $329,900 -- $228 / 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 $4,629 $524,275 $136,711 $387,564
2023 $5,933 $518,045 -- --
2022 $9,301 $470,950 $0 $0
2021 $9,319 $428,136 $136,712 $291,424
2020 $9,116 $425,000 $136,712 $288,288
2018 $9,283 $419,300 $113,927 $305,373
2017 $9,040 $405,351 $113,927 $291,424
2016 $8,385 $376,000 $113,927 $262,073
2015 $7,798 $332,258 $142,408 $189,850
2014 $7,798 $327,659 $142,408 $185,251
Source: Public Records

Agents Affiliated with this Home

  • Ryan Gehris

    Seller's Agent in 2013

    Ryan Gehris

    Penelope Willhite, Broker

    (484) 577-6751

    155 Total Sales

    Ryan Gehris
    Section Image
  • Tory Ketter

    Buyer's Agent in 2013

    Tory Ketter

    Keller Williams Realty

    (512) 699-8867

    82 Total Sales

    Tory Ketter
    Section Image
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About Towers Of Town Lake

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 8246910

Unlock MLS (Austin Board of REALTORS®)

APN: 188098

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 5C2, 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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