NOT LISTED FOR SALE

Towers Of Town Lake 40 N Interstate 35 Unit 9D3 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $552,777

2 Beds
2 Baths
1,533 Sq Ft
1,198 Sq Ft Lot

Sale Details

Date Sold: March 6, 2023

Current estimated payment $5,062 / mo

19 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Panoramic View
  • Mathews Elementary School Rated A
  • Heated Indoor Pool
  • 1-minute walk to Rainey Street Trailhead Park

About This Home

As of March 2023

Lakeview condo, with dramatic views of Town Lake, the Hike and Bike trail, and the pool. A 5 minute walk to the trails and kayaking, entertainment and dining, Rainey street and more! Does need some updating, priced to sell. Functional floor plan with oversize kitchen, large dining and breakfast area, living room with balcony views, and views from both bedrooms. HVAC upgraded in last 2 years, RO water system installed in kitchen, other updates include induction stove top, dishwasher, water heater, sinks and toilets. Recent upgrades at the Towers included newly reconstructed building exterior, landscaping, roofing, entryway and parking garage upgrades. Amenities include heated indoor/outdoor pools, 24-hour concierge with gated access, steam/sauna rooms, weight room, racquetball/basketball courts, piano lounge, billiards room and several meeting rooms. Great value compared to other buildings. Tenant Lease is up in March and leasing of unit is not transferable. Building limits number of rental units. This property is available for owner-occupant purchase only

Last Agent to Sell the Property

Eve Cameron

Cameron Realty Texas, LLC License #0569883 Listed on: 02/08/2023

Last Buyer's Agent

Alex Swenson

Teifke Real Estate License #0783902

Teifke Real Estate

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,216

Year Built

  • Built in 1983

Lot Details

  • North Facing Home
  • Landscaped

HOA Fees

  • $939 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking
  • Community Parking Structure

Property Views

  • Panoramic
  • Park or Greenbelt

Interior Spaces

  • 1,533 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Bookcases
  • Bar
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Storage
  • Tile Flooring

Kitchen

  • Breakfast Bar
  • Oven
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Double Vanity

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Home Security

Pool

  • Heated Indoor Pool
  • Heated In Ground Pool

Schools

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

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Additional Features

  • Sustainability products and practices used to construct the property include see remarks
  • Balcony

Listing and Financial Details

  • Down Payment Assistance Available
  • Legal Lot and Block 9D3 / D
  • Assessor Parcel Number 02010402160131
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, ground maintenance, maintenance structure, security, sewer, trash, water
  • Somerset Association
  • High-Rise Community
  • Towers Town Lake Condo Amd Subdivision
  • Mandatory home owners association
  • On-Site Maintenance

Amenities

  • Concierge
  • Picnic Area
  • Clubhouse
  • Game Room
  • Business Center
  • Meeting Room
  • Elevator

Recreation

  • Dog Park
  • Trails

Security

  • On-Site Manager or Management
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,216

Year Built

Built in 1983

Lot Details

1,198 Sq Ft Lot

HOA Fees

$939 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: High Rise (8-13 Stories), Elevator
  • Restrictions: See Remarks
  • Year Built: 1983
  • Additional Parcels: No
  • Direction Faces: North
  • Directions: Going South on I-35, exit 233, Take Right on San Marcos, call concierge for gate access, park in front
  • Disclosures: See Remarks
  • Estimated Taxes: 13464.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: See Remarks
  • Garage Spaces: 2.00
  • Green Energy Efficient: See Remarks
  • Green Sustainability: See Remarks
  • Guest Accommodation Description: See Remarks
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: One
  • Living Area: 1533.00
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Bar, Bookcases, Breakfast Bar, Built-in Features, Ceiling Fan(s), Counter-Granite, Double Vanity, High Speed Internet, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Storage
  • Laundry Location: In Unit, Laundry Closet
  • View: City, Lake, Panoramic, Park/Greenbelt, Pool
  • Flooring: Tile
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: See Remarks
  • Appliances: Dishwasher, Microwave, Oven, Washer/Dryer Stacked
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: Carbon Monoxide Detector(s), Fire Alarm
  • Window Features: Window Treatments

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony
  • Roof: See Remarks
  • Foundation: See Remarks
  • Patio And Porch Features: See Remarks
  • Pool Features: Heated, In Ground, Indoor, Outdoor Pool, Pool/Spa Combo
  • Private Pool: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Security, Sewer, Trash, Water
  • Association Fee Frequency: Monthly
  • Association Fee: 938.66

Association/Amenities

  • Association Name: Somerset Association
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: Business Center, Clubhouse, Concierge, Conference/Meeting Room, Covered Parking, Dog Park, Electronic Payments, Fitness Center, Game Room, Garage Parking, Gated, High Speed Internet, Maintenance On-Site, Picnic Area, Pool, Property Manager On-Site, Street Lights, Walk/Bike/Hike/Jog Trail(s

Schools

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

Lot Info

  • Lot Features: Landscaped, Level
  • Parcel Number: 02010402160131
  • Lot Size Acres: 0.0275
  • Lot Size Sq Ft: 1197.90
  • Subdivision Name: Towers Town Lake Condo Amd

Building Info

  • Construction Materials: See Remarks
  • New Construction: No

Tax Info

  • Tax Block: D
  • Tax Filled Sqft Total: 1533
  • Tax Lot: 9D3
  • Tax Rate: 2.17000000000000
  • Tax Year: 2022
  • Tax Annual Amount: 12216.24
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2023
Closed on
Mar 3, 2023
Sold by
Sherwood Edward J and Sherwood Shirley Y
Bought by
Seller's Agent
Eve Cameron
Cameron Realty Texas, LLC
Buyer's Agent
Alex Swenson
Teifke Real Estate
List Price
$695,000
Views
15
Current Estimated Value
$552,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.43%

Purchase Details

Closed on
Oct 10, 2003
Sold by
Hecht Marshall Hilary and Hecht Little Hilary
Bought by
Little Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2000
Sold by
Katz Marc and Katz Melanie M
Bought by
Little Michael A and Hecht Hilary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,566
Interest Rate
6.5%

Purchase Details

Closed on
Dec 21, 1995
Sold by
Bruni Mary Ann Smothers
Bought by
Bruni Natalia Pilar Rodriguez
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Rainey Street Historic District, TX

  • Carla Williams Real Estate Agent - Berkshire Hathaway TX Realty

    Carla Williams

    Berkshire Hathaway TX Realty

    (737) 300-6814

    2 Total Sales

    1 in Rainey Street Historic District

    $425,000 Price

    Carla Williams
     Section Image
  • Dyron Taylor Real Estate Agent - Keller Williams Realty

    Dyron Taylor

    Keller Williams Realty

    (844) 434-0766

    91 Total Sales

    1 in Rainey Street Historic District

    $535,000 Price

    Dyron Taylor
     Section Image
  • Kim Treadaway Real Estate Agent - Keller Williams Realty

    Kim Treadaway

    Keller Williams Realty

    (737) 241-2931

    114 Total Sales

    2 in Rainey Street Historic District

    $560K - $575K Price Range

    Kim Treadaway
     Section Image
  • Phillip Chang Real Estate Agent - MODUS Real Estate

    Phillip Chang

    MODUS Real Estate

    (737) 273-9989

    102 Total Sales

    1 in Rainey Street Historic District

    $610,000 Price

    Phillip Chang
     Section Image
  • Alyse Black Real Estate Agent - Heart Of Austin Homes

    Alyse Black

    Heart Of Austin Homes

    (737) 204-7305

    130 Total Sales

    1 in Rainey Street Historic District

    $535,000 Price

    Alyse Black
     Section Image
  • Adam Zell Real Estate Agent - Compass RE Texas, LLC

    Adam Zell

    Compass RE Texas, LLC

    (855) 329-4291

    350 Total Sales

    4 in Rainey Street Historic District

    $445K - $830K Price Range

    Adam Zell
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Capital Title
Little Michael A -- Gracy Title Co
Little Michael A -- Texas Professional Title Inc
Bruni Natalia Pilar Rodriguez -- Heritage Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $208,000
Previous Owner Little Michael A $223,566
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/06/2023 03/06/23 Sold -- -- --
02/27/2023 02/27/23 Pending -- -- --
02/15/2023 02/15/23 Price Changed $650,000 -6.5% $424 / Sq Ft
02/08/2023 02/08/23 For Sale $695,000 -- $453 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,035 $588,101 $142,180 $445,921
2024 $12,807 $646,244 $142,180 $504,064
2023 $12,807 $644,397 $142,180 $502,217
2022 $12,216 $618,568 $142,180 $476,388
2021 $10,674 $490,384 $142,180 $348,204
2020 $10,406 $485,160 $142,180 $342,980
2018 $9,897 $447,000 $118,483 $328,517
2017 $9,813 $440,000 $118,483 $321,517
2016 $9,746 $437,000 $118,483 $318,517
2015 $9,568 $419,581 $148,104 $271,477
2014 $9,568 $402,050 $148,104 $253,946
Source: Public Records

Agents Affiliated with this Home

  • Eve Cameron Real Estate Agent - Cameron Realty Texas, LLC

    Seller's Agent in 2023

    Eve Cameron

    Cameron Realty Texas, LLC

    (512) 784-3609

    1 in this area

    254 Total Sales

    Eve Cameron
    Section Image

  • AS

    Buyer's Agent in 2023

    Alex Swenson

    Teifke Real Estate

    (956) 279-0567

    1 in this area

    1 Total Sale

    Alex Swenson
    Section Image
See All Agents

About Towers Of Town Lake

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 5460199

Unlock MLS (Austin Board of REALTORS®)

APN: 188161

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit 9D3, Austin, TX

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Unlock MLS (Austin Board of REALTORS®) as distributed by MLS GRID

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