NOT LISTED FOR SALE

Towers Of Town Lake 40 N Interstate 35 Unit 7C3 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $508,000 - $585,133

2 Beds
2 Baths
1,288 Sq Ft
$724/ mo HOA Fee

Last Sold April 20, 2022

Current estimated payment $4,493/month

3 Days on Market

Highlights

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

About This Home

As of April 2022

Dramatic lake views from every room. Spacious, open floorplan with large bedrooms. Updates throughout and ready for move in. Quartz kitchen counters, stainless appliances. Wood floors. Large master shower with frameless door, spacious walk-in master closet. Large balcony overlooking lake. Abundant common resident amenities including indoor/outdoor pool, fitness center, library and more. Towers of Town Lake features spacious private grounds, like an oasis downtown. Note: Building limits number of rental units. This property is available for owner-occupant purchase only. Contact agent for easy showing appointment.

Last Agent to Sell the Property

Alan Holt

Compass RE Texas, LLC License #0429071 Listed on: 03/11/2022

Compass RE Texas, LLC

Co-Listed By

Hallie Duncan

Compass RE Texas, LLC License #0614976

Last Buyer's Agent

Bridget Brannon

Keller Williams Realty License #0748731

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,520

Year Built

  • Built in 1983

Lot Details

  • Lake Front
  • South Facing Home
  • Security Fence
  • Gated Home
  • Perimeter Fence
  • Property is in good condition

HOA Fees

  • $724 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Electric Gate
  • Secured Garage or Parking
  • Assigned Parking
  • Community Parking Structure

Property Views

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Smart Thermostat
  • Washer and Dryer

Kitchen

  • Electric Range
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Bamboo
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Pool

  • Indoor Pool
  • In Ground Pool
  • Outdoor Pool

Outdoor Features

Schools

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

Utilities

  • Central Heating and Cooling System
  • Natural Gas Not Available
  • Electric Water Heater
  • High Speed Internet
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 02010402160101
  • Tax Block D

Community Details

Overview

  • Association fees include common area maintenance, trash, water
  • Towers Of Town Lake Association
  • Towers Town Lake Condo Amd Subdivision

Amenities

  • Concierge
  • Common Area
  • Game Room
  • Lounge

Recreation

  • Racquetball

Security

  • 24-Hour Security
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,520

Year Built

Built in 1983

Lot Details

1,002 Sq Ft Lot

HOA Fees

$724 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1983
  • Additional Parcels: No
  • Direction Faces: South
  • Directions: From southbound I-35, take the Cesar Chavez exit. Gated Entrance on east side of property. Push the call button for the concierge. Visitor parking is located in the front. To get to elevators, take a left at the concierge desk and then the first right. Unit is on 7th floor.
  • Disclosures: None
  • Fencing: Fenced, Gate, Perimeter
  • Garage Spaces: 2
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 1288
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Co List Office Mls Id: ACT700459
  • Co List Office Phone: (512) 575-3644
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 9096.00
  • FEMA Flood Plain: No
  • Current Price Lot Size Squ: 648.78
  • Current Price By Living Ar: 504.66
  • "Current Price By Original ": 1.14
  • List Price Lot Size Square: 568.83
  • List Price By Living Area: 442.47
  • List Price By Original Lis: 1.00
  • Restrictions: Covenant,See Remarks
  • Tax Exemptions: Homestead,Over 65
  • Unit Style: High Rise (8-13 Stories)
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Ceiling Fan(s), Quartz Counters, Electric Dryer Hookup, Primary Bedroom on Main, Smart Thermostat
  • View: City, Lake, Pool, Water
  • Flooring: Bamboo, Carpet, Tile
  • Fireplace Features: None
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Refrigerator, Washer/Dryer, Electric Water Heater
  • Main Level Bedrooms: 2
  • Property Condition: Resale, Good
  • Security Features: 24 Hour Security, Building Security, Gated with Guard, Secured Garage/Parking, Security Fence
  • Window Features: Window Coverings
  • ResoLivingAreaSource: PublicRecords
  • Laundry Location: In Hall,In Unit

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Roof: See Remarks
  • Foundation: See Remarks
  • Patio And Porch Features: None
  • Pool Features: In Ground, Indoor, Outdoor Pool, Private
  • Private Pool: Yes
  • Water Body Name: Lady Bird Lake
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Assigned, Electric Gate, Garage, Gated
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, High Speed Internet, Natural Gas Not Available, Phone Available, Sewer Available, Water Available, See Remarks
  • Heating: Central, Electric
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Trash, Water
  • Association Fee Frequency: Monthly
  • Association Fee: 723.6

Association/Amenities

  • Association Name: Towers of Town Lake
  • Association: Yes
  • Community Features: Common Grounds, Concierge, Covered Parking, Fitness Center, Game/Rec Rm, Garage Parking, Gated, Lounge, Pool, Property Manager On-Site, Racquetball

Schools

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

Lot Info

  • Lot Features: Views
  • Parcel Number: 02010402160101
  • Lot Size Acres: 0.023
  • Lot Size Sq Ft: 1001.88
  • Subdivision Name: Towers Town Lake Condo Amd
  • Special Assessment: See Remarks

Building Info

  • Construction Materials: See Remarks
  • New Construction: No

Tax Info

  • Tax Block: D
  • Tax Year: 2021
  • Tax Annual Amount: 3520
  • Tax Filled Sqft Total: 1288
  • Tax Rate: 2.17668000000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2020
Sold by
Parikh Ravi and Parikh Rajendra
Bought by
Stewart Kent K
Current Estimated Value
$547,283

Purchase Details

Closed on
Feb 8, 2016
Sold by
Upton Thomas D
Bought by
Parikh Ravi and Parikh Rajendra

Purchase Details

Closed on
Aug 12, 2011
Sold by
Griffin Roger A
Bought by
Upton Thomas D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
4.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 6, 2000
Sold by
Griffin Roger A and Griffin Wilma P
Bought by
Griffin Roger A and Griffin Wilma Pitts

Purchase Details

Closed on
May 20, 1998
Sold by
Town Lake Partners Ltd
Bought by
Griffin Roger A and Griffin Wilma P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,400
Interest Rate
7.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stewart Kent K -- Heritage Title
Parikh Ravi -- None Available
Upton Thomas D -- Itc
Griffin Roger A -- --
Griffin Roger A -- Heritage Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Upton Thomas D $212,000
Previous Owner Griffin Roger A $120,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Sold -- -- --
03/14/2022 03/14/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $569,900 -- $442 / 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 $11,049 $539,911 $117,572 $422,339
2023 $11,813 $652,916 $117,572 $535,344
2022 $3,476 $459,675 $0 $0
2021 $9,096 $417,886 $117,572 $300,314
2020 $7,700 $358,990 $117,572 $241,418
2018 $7,865 $355,219 $97,976 $257,243
2017 $8,424 $377,723 $97,976 $279,747
2016 $8,252 $370,000 $97,976 $272,024
2015 $8,239 $353,195 $122,471 $230,724
2014 $8,239 $346,203 $122,471 $223,732
Source: Public Records

Agents Affiliated with this Home

  • Alan Holt

    Seller's Agent in 2022

    Alan Holt

    Compass RE Texas, LLC

    (512) 656-5449

    3 in this area

    31 Total Sales

    Alan Holt
    Section Image

  • H

    Seller Co-Listing Agent in 2022

    Hallie Duncan

    Compass RE Texas, LLC

    (713) 301-3513

    1 in this area

    8 Total Sales

    Hallie Duncan
    Section Image

  • B

    Buyer's Agent in 2022

    Bridget Brannon

    Keller Williams Realty

    Section Image
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About Towers Of Town Lake

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4269077

Unlock MLS (Austin Board of REALTORS®)

APN: 188131

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 7C3, Austin, TX

Not Listed for Sale

Condos

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Based on information submitted to the MLS GRID

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