Seller's Agent in 2025
Sharman Reed
Compass RE Texas, LLC
(512) 750-9797
1 in this area
40 Total Sales
Last list price
Towers Of Town Lake 40 N Interstate 35 Unit 5D4 Austin, TX 78701
Rainey Street Historic District Neighborhood
2
Beds
2
Baths
1,360
Sq Ft
$1,002/mo
HOA Fee
Highlights
- Fitness Center
- Security Guard
- Lock-and-Leave Community
- Mathews Elementary School Rated A
- Gated Community
- 4-minute walk to Waller Beach at Town Lake Metropolitan Park
About This Home
As of April 2025The Towers of Town Lake has recently completed updates to the lobby area. A complete exterior renovation on the buildings was completed last year. The parking lot has been resurfaced and landscaping has been upgraded. The roof was replaced about 5 years ago. The Towers is known for it's spacious condos and long list of amenities including a sport court, library, indoor and out door pools, workout rooms, piano room, library, and meeting room. Two parking spaces convey with this condo, one covered space and one uncovered. Security is on the property from 4:00 pm until 7:00 am on weekdays and 24 hours on weekends and holidays. The concierge desk is staffed 24/7 365 days a year. Google Fiber is available. Washer, Dryer, and Refigerator convey. Also available for lease at $3000/month.
Last Agent to Sell the Property
Compass RE Texas, LLC Brokerage Phone: (512) 750-9797 License #0549513 Listed on: 08/22/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,793
Year Built
- Built in 1983
Lot Details
- South Facing Home
- Security Fence
- Wrought Iron Fence
- Property is in good condition
HOA Fees
- $1,002 Monthly HOA Fees
Parking
- 2 Car Garage
- Secured Garage or Parking
- Additional Parking
- Assigned Parking
Home Design
- Membrane Roofing
- Concrete Siding
Interior Spaces
- 1,360 Sq Ft Home
- 1-Story Property
- High Ceiling
- Track Lighting
- Drapes & Rods
- Washer and Dryer
Kitchen
- Open to Family Room
- Free-Standing Electric Range
- Microwave
- Dishwasher
- Granite Countertops
- Tile Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Home Security
Schools
- Mathews Elementary School
- O Henry Middle School
- Austin High School
Utilities
- Central Air
- Heating Available
- Natural Gas Not Available
- Electric Water Heater
- High Speed Internet
- Phone Available
Additional Features
- No Interior Steps
Listing and Financial Details
- Assessor Parcel Number 02010402160074
- Tax Block D
Community Details
Overview
- Association fees include security, sewer, trash, water
- Towners Of Town Lake Homeowners Association
- Towers Town Lake Condo Amd Subdivision
- Lock-and-Leave Community
Amenities
- Common Area
- Game Room
- Community Library
Recreation
- Trails
Security
- Security Guard
- Card or Code Access
- Gated Community
- Fire and Smoke Detector
- Fire Sprinkler System
- Fire Escape
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2024
Closed on
Apr 14, 2025
Sold by
Sikshusma Properties Llc
Bought by
Garcia Allison
Seller's Agent
Sharman Reed
Compass RE Texas, LLC
Buyer's Agent
Kerri Espinoza
Keller Williams Realty
List Price
$475,000
Views
104
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.68%
Purchase Details
Closed on
May 5, 2016
Sold by
Jj&B Investments Llc
Bought by
Herron Adam N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,278
Interest Rate
3.59%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 26, 2016
Sold by
Reddy Sonya D and Reddy Dharam
Bought by
Adeni Sikander and Adeni Shubha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,278
Interest Rate
3.59%
Mortgage Type
Commercial
Purchase Details
Closed on
May 24, 2012
Sold by
Ray Zan E and Collins Homer T
Bought by
Reddy Sonya D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,000
Interest Rate
3.9%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Heritage Title | |
| Vendors Lien | -- | Gracy Title | |
| Vendors Lien | -- | Itc | |
| Vendors Lien | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $327,278 | Commercial | |
| Previous Owner | $332,000 | Commercial | |
| Previous Owner | $218,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Sold | -- | -- | -- |
| 02/25/2025 02/25/25 | Pending | -- | -- | -- |
| 01/06/2025 01/06/25 | Price Changed | $449,000 | -5.5% | $330 / Sq Ft |
| 08/22/2024 08/22/24 | For Sale | $475,000 | 0.0% | $349 / Sq Ft |
| 01/07/2022 01/07/22 | Rented | $2,650 | 0.0% | -- |
| 12/22/2021 12/22/21 | Under Contract | -- | -- | -- |
| 11/11/2021 11/11/21 | For Rent | $2,650 | -- | -- |
Source: Unlock MLS (Austin Board of REALTORS®)
Tax History Compared to Growth
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 | $10,727 | $487,042 | $125,775 | $361,267 |
| 2024 | $10,727 | $541,283 | $125,775 | $415,508 |
| 2023 | $10,727 | $524,742 | $125,775 | $398,967 |
| 2022 | $9,958 | $504,223 | $125,775 | $378,448 |
| 2021 | $8,781 | $403,394 | $125,775 | $277,619 |
| 2020 | $8,939 | $416,779 | $125,775 | $291,004 |
| 2018 | $9,082 | $410,193 | $104,813 | $305,380 |
| 2017 | $8,529 | $382,432 | $104,813 | $277,619 |
| 2016 | $8,485 | $380,449 | $104,813 | $275,636 |
| 2015 | $8,105 | $348,979 | $131,016 | $217,963 |
| 2014 | $8,105 | $340,589 | $131,016 | $209,573 |
Source: Public Records
Agents Affiliated with this Home
-
Sharman Reed
-
Kerri Espinoza
Buyer's Agent in 2025
Kerri Espinoza
Keller Williams Realty
(512) 775-5860
1 in this area
137 Total Sales
-
Larry Park
L
Seller's Agent in 2022
Larry Park
Austin Residential Management
(512) 565-8203
5 Total Sales
About Towers Of Town Lake
Map
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 1944522
APN: 188104
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