NOT LISTED FOR SALE

Towers Of Town Lake 40 N Interstate 35 Unit 5C3 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $652,294 - $779,000

2 Beds
2 Baths
1,288 Sq Ft
$659/mo HOA Fee

Last Sold September 15, 2020

Current estimated payment $5,336/month

24 Days on Market

Highlights

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

About This Home

As of September 2020

Bordered by the shores of Lady Bird Lake & the Rainey Street District, this luxury residential tower offers a 24-hour concierge service, gated garage parking, library piano lounge, fitness center w/racquetball, weight room, indoor heated pool, sauna & spa and gorgeous outdoor pool retreat. Updated features include bamboo flooring, cracked Australian glass backsplash, GE Profile SS appliances, wine cooler, custom closets, Kraftsman cabinets, see entire feature list attached! Exceptional downtown living!Restrictions: Yes

Last Agent to Sell the Property

Cara Keenan

Compass RE Texas, LLC License #0481122 Listed on: 07/31/2020

Compass RE Texas, LLC

Co-Listed By

Joe Keenan

Compass RE Texas, LLC License #0495818

Last Buyer's Agent

Maggie Falvey

Compass RE Texas, LLC License #0255454

Compass RE Texas, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,502

Year Built

  • Built in 1983

Lot Details

  • Lake Front
  • South Facing Home
  • Wrought Iron Fence

HOA Fees

  • $659 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gated Parking
  • Reserved Parking
  • Assigned Parking
  • Community Parking Structure

Property Views

Home Design

  • Slab Foundation
  • Masonry Siding

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Window Treatments
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Double Oven
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Trash Compactor
  • Disposal

Flooring

  • Bamboo
  • Wood
  • Tile

Bedrooms and Bathrooms

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

Home Security

Pool

  • Heated Indoor Pool
  • Heated In Ground Pool

Outdoor Features

  • Boat Ramp

Schools

  • Mathews Elementary School
  • Martin Middle School
  • Austin High School

Utilities

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

Additional Features

  • No Interior Steps
  • Unit is on the top floor

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 02010402160069
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, insurance, maintenance structure, trash
  • Towers Of Town Lake Association
  • Visit Association Website
  • High-Rise Condominium
  • Towers Of Town Lake Condominiums Subdivision
  • Mandatory home owners association
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Concierge
  • Door to Door Trash Pickup
  • Community Library
  • Elevator

Recreation

  • Trails

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,502

Year Built

Built in 1983

Lot Details

0

HOA Fees

$659 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: High Rise (8-13 Stories), Single level Floor Plan, Elevator, Neighbor Above, Neighbor Below
  • Building Area Total: 1288.00
  • Restrictions: Covenant
  • Year Built: 1983
  • Direction Faces: South
  • Directions: Take southbound access road from intersection of IH35+Cesar Chavez. Head south towards Lady Bird Lake. Right on San Marcos St, immediate right to Towers main gate. Pick up red phone to request access. Ask concierge for location of amenities and to unlock.
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 8555.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: Fenced, Wrought Iron
  • Garage Spaces: 2.00
  • Guest Accommodation Description: None
  • Intermediary: Yes
  • Levels: One
  • Living Area: 1288.00
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Title: Negotiable
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, No Interior Steps, Pantry, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s)
  • Laundry Location: In Unit, Laundry Room
  • View: City, Lake, River
  • Flooring: Bamboo, Tile, Wood
  • Fireplace Features: None
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Microwave, Double Oven, Free-Standing Range, Refrigerator, Stainless Steel Appliance(s), Trash Compactor, Water Heater-Electric, Wine Refrigerator
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: Fire Alarm
  • Spa Features: None
  • Window Features: Window Treatments

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony, Boat Ramp, Elevator, See Remarks
  • Roof: See Remarks
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: Heated, In Ground, Indoor
  • Private Pool: No
  • View: Yes
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Insurance, Maintenance Structure, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 659.00
  • Community Web Site: http://www.towersoftownlake.com

Association/Amenities

  • Association Name: Towers of Town Lake
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: Concierge, Fitness Center, Garage Parking, Gated, Google Fiber, Library, Pool, Sauna, Trash Pickup - Door to Door, Walk/Bike/Hike/Jog Trail(s

Schools

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

Lot Info

  • Lot Features: None
  • Lot Size: 0 x 0
  • Special Assessment: No
  • Parcel Number: 02010402160069
  • Lot Size Acres: 0.0200
  • Lot Size Sq Ft: 871.20
  • Subdivision Name: Towers Of Town Lake Condominiums

Rental Info

  • Furnished: Unfurnished

Building Info

  • Construction Materials: Masonry – All Sides

Tax Info

  • Tax Filled Sqft Total: 1288
  • Tax Rate: 2.14490000000000
  • Tax Year: 2019
  • Tax Annual Amount: 7502.00
  • Tax Exemptions: Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Sep 15, 2020
Sold by
Staudinger Pearl Maria
Bought by
Ham Jeana Lori
Seller's Agent
Cara Keenan
Compass RE Texas, LLC
Buyer's Agent
Maggie Falvey
Compass RE Texas, LLC
List Price
$500,000
Current Estimated Value
$715,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$378,750
Outstanding Balance
$339,333
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$370,745

Purchase Details

Closed on
Dec 3, 1999
Sold by
Noren Robert B
Bought by
Reaves William and Reaves Linda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,050
Interest Rate
7.95%
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
Ham Jeana Lori -- None Available
Reaves William -- Alamo Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ham Jeana Lori $378,750
Previous Owner Staudinger Pearl Maria $187,750
Previous Owner Reaves William $168,000
Previous Owner Reaves William $141,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold -- -- --
08/24/2020 08/24/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $500,000 -- $388 / 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
2025 $9,339 $526,946 $120,306 $406,640
2023 $8,734 $585,650 $120,306 $465,344
2022 $10,677 $540,633 $0 $0
2021 $10,698 $491,485 $120,306 $371,179
2020 $8,555 $398,865 $120,306 $278,559
2019 $8,529 $388,300 $120,306 $278,559
2018 $7,815 $353,000 $100,255 $252,745
2017 $7,192 $322,491 $100,255 $265,747
2016 $6,538 $293,174 $100,255 $263,848
2015 $5,296 $266,522 $125,319 $173,124
2014 $5,296 $242,293 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cara Keenan

    Seller's Agent in 2020

    Cara Keenan

    Compass RE Texas, LLC

    (512) 917-2326

    2 in this area

    176 Total Sales

    Cara Keenan
    Section Image
  • Joe Keenan

    Seller Co-Listing Agent in 2020

    Joe Keenan

    Compass RE Texas, LLC

    (512) 415-7653

    2 in this area

    198 Total Sales

    Joe Keenan
    Section Image
  • Maggie Falvey

    Buyer's Agent in 2020

    Maggie Falvey

    Compass RE Texas, LLC

    (512) 431-7404

    1 in this area

    45 Total Sales

    Maggie Falvey
    Section Image
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About Towers Of Town Lake

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 2239316

Unlock MLS (Austin Board of REALTORS®)

APN: 188099

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 5C3, Austin, TX

This home is located at 40 N Interstate 35 Unit 5C3, Austin, TX 78701 since 31 July 2020 and is currently estimated at $715,647, approximately $555 per square foot. This property was built in 1983. 40 N Interstate 35 Unit 5C3 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and Headwaters School.

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