NOT LISTED FOR SALE

Towers Of Town Lake 40 N Interstate 35 Unit 6A3 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $947,182 - $1,049,000

2 Beds
2 Baths
1,743 Sq Ft
$701/mo HOA Fee

Last Sold February 01, 2016

Current estimated payment $7,222/month

18 Days on Market

Highlights

  • Lake Front
  • Docks
  • River View
  • Mathews Elementary School Rated A
  • Indoor Pool
  • 4-minute walk to Waller Beach at Town Lake Metropolitan Park

About This Home

As of February 2016

Beautifully remodeled condo in the Towers of Town Lake, with spectacular views of Lady Bird Lake, the Hike & Bike Trail, and downtown Austin. Two master suites with lake views and a spectacular closet. Open kitchen and living with an abundance of natural light. An array of building amenities including the fitness center, handball/racquetball court, indoor/outdoor pool with spa, game room and assigned parking. Close proximity to “all things Austin” while still feeling tucked away from the city!Restrictions: Yes Sprinkler Sys:Yes

Last Agent to Sell the Property

Greg Walling

Moreland Properties License #0535586 Listed on: 01/08/2016

Moreland Properties

Last Buyer's Agent

Josh Center

Waterloo Realty, LLC License #0584763

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,683

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • Lake Front
  • Southwest Facing Home

HOA Fees

  • $701 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Reserved Parking

Property Views

Home Design

  • Slab Foundation
  • Concrete Roof
  • Stucco

Interior Spaces

  • 1,743 Sq Ft Home
  • 1-Story Property
  • High Ceiling

Kitchen

  • Built-In Double Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Home Security

Pool

  • Indoor Pool
  • In Ground Pool

Schools

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

Additional Features

  • Docks
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02010402160077
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include gas, insurance, trash, water
  • Towers Of Town Lake Association
  • Mid-Rise Condominium
  • Towers Town Lake Condo Amd Subdivision
  • Mandatory home owners association
  • The community has rules related to deed restrictions

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,683

Year Built

Built in 1983 | Remodeled

Lot Details

0

HOA Fees

$701 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: Single level Floor Plan, Mid Rise (4-7 Stories)
  • Building Area Total: 1743.00
  • Restrictions: Deed Restrictions
  • Year Built: 1983
  • Direction Faces: SW
  • Directions: I35 southbound take 1st/ Cesar Chavez exit, stay on Frontage Rd. Turn Right onto Towers just after Lambie Street intersection, just before Holiday Inn, security guard will open gate.
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 12732.00
  • FEMA Flood Plain: No
  • Fencing: None
  • Garage Spaces: 2.00
  • Guest Accommodation Description: None
  • Intermediary: Yes
  • Levels: One
  • Living Area: 1743.00
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Cedar Closet(s), Ceiling-High, Primary Bedroom on Main, Walk-In Closet(s)
  • Laundry Location: Laundry Room, Main Level
  • View: City, Lake, River
  • Flooring: Tile, Wood
  • Fireplace Features: None
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: None
  • Appliances: Built-In Oven(s), Electric Cooktop, Dishwasher, Disposal, Dryer, Microwave, Double Oven, Refrigerator, Washer
  • Main Level Bedrooms: 2
  • Property Condition: Updated/Remodeled
  • Security Features: Fire Alarm, Smoke Detector(s)
  • Spa Features: None

Beds/Baths

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

Exterior Features

  • Exterior Features: Dock
  • Roof: Concrete
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: In Ground, Indoor
  • Private Pool: Yes
  • View: Yes
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Garage, Reserved

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Gas, Insurance, Trash, Water, See Remarks
  • Association Fee Frequency: Monthly
  • Association Fee: 701.00

Association/Amenities

  • Association Name: Towers of Town Lake
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: None

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: See Remarks
  • Parcel Number: 02010402160077
  • Lot Size Acres: 0.0310
  • Lot Size Sq Ft: 1350.36
  • Subdivision Name: Towers Town Lake Condo Amd

Rental Info

  • Furnished: Unfurnished

Building Info

  • Construction Materials: Stucco

Tax Info

  • Tax Filled Sqft Total: 1743
  • Tax Rate: 2.37980000000000
  • Tax Year: 2015
  • Tax Exemptions: Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2016
Closed on
Feb 1, 2016
Sold by
One Whether and Ellwood Nancy Sue
Bought by
Kranz Richard W and Kranz Diane E
Seller's Agent
Greg Walling
Moreland Properties
Buyer's Agent
Josh Center
Waterloo Realty, LLC
List Price
$2,275,000
Current Estimated Value
$998,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.59%

Purchase Details

Listed on
Nov 7, 2012
Closed on
Feb 15, 2013
Sold by
Dillard Robert Wallace
Bought by
Ellwood Nancy S
Seller's Agent
Diane Dillard
Douglas Elliman Real Estate
Buyer's Agent
Greg Walling
Moreland Properties
List Price
$579,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.27%
Original Mortgage
$455,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 18, 1998
Sold by
Anderson Doris
Bought by
Robertson Kenneth R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kranz Richard W -- Heritage Title
Ellwood Nancy S -- Heritage Title Co
Robertson Kenneth R -- Texas American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellwood Nancy S $455,000
Previous Owner Robertson Kenneth R $175,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2016 02/01/16 Sold -- -- --
01/26/2016 01/26/16 Pending -- -- --
01/08/2016 01/08/16 Price Changed $699,000 -69.3% $401 / Sq Ft
01/08/2016 01/08/16 For Sale $2,275,000 +292.9% $1,305 / Sq Ft
02/15/2013 02/15/13 Sold -- -- --
01/10/2013 01/10/13 Pending -- -- --
11/07/2012 11/07/12 For Sale $579,000 -- $332 / 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 $14,683 $740,426 $161,320 $579,106
2023 $11,941 $660,000 $161,320 $498,680
2022 $14,652 $741,884 $161,320 $580,564
2021 $13,832 $635,469 $161,320 $474,149
2020 $14,120 $658,330 $161,320 $497,010
2018 $14,524 $655,997 $134,433 $521,564
2017 $14,188 $636,213 $134,433 $501,780
2016 $13,124 $588,500 $134,433 $498,195
2015 $11,405 $535,000 $168,042 $366,958
2014 $11,405 $512,233 $168,042 $344,191
Source: Public Records

Agents Affiliated with this Home

  • Greg Walling

    Seller's Agent in 2016

    Greg Walling

    Moreland Properties

    (512) 633-3787

    1 in this area

    133 Total Sales

    Greg Walling
    Section Image
  • Josh Center

    Buyer's Agent in 2016

    Josh Center

    Waterloo Realty, LLC

    (512) 552-7033

    34 Total Sales

    Josh Center
    Section Image
  • Diane Dillard

    Seller's Agent in 2013

    Diane Dillard

    Douglas Elliman Real Estate

    (512) 426-4368

    32 Total Sales

    Diane Dillard
    Section Image
See All Agents

About Towers Of Town Lake

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4504270

Unlock MLS (Austin Board of REALTORS®)

APN: 188107

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 6A3, Austin, TX

This home is located at 40 N Interstate 35 Unit 6A3, Austin, TX 78701 since 08 January 2016 and is currently estimated at $998,091, approximately $572 per square foot. This property was built in 1983. 40 N Interstate 35 Unit 6A3 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and Headwaters School.

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