NOT LISTED FOR SALE

Towers Of Town Lake 40 N Interstate 35 Unit TH1 Austin, TX 78701

Rainey Street Historic District Neighborhood

Estimated Value: $474,000 - $1,156,000

2 Beds
2 Baths
1,450 Sq Ft
1,133 Sq Ft Lot Lot

Sale Details

Date Sold: August 25, 2016

Current estimated payment $5,093 / mo

35 Days on Market

Highlights

  • Indoor Pool
  • Gated Community
  • Adjacent to Greenbelt
  • Mathews Elementary School Rated A
  • Wooded Lot
  • 4-minute walk to Waller Beach at Town Lake Metropolitan Park

About This Home

As of August 2016

Rare townhouse listing in downtown Austin with view of lake trail. Full two-car garage with huge storage room, private entrance makes it feel like a single family home. Amazing tall ceilings at living and dining room, split plan with spacious bedrooms. Several updates in recent years including HVAC, bathrooms, appliances, counter tops and flooring. Steps away from the lake trail and Rainey Street District.Restrictions: Yes Sprinkler Sys:Yes

Last Agent to Sell the Property

Richard Olesch

All City Real Estate Ltd. Co License #0587717 Listed on: 06/16/2016

All City Real Estate Ltd. Co

Last Buyer's Agent

Jason Fuller

Keller Williams Realty License #0587571

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,328

Year Built

  • Built in 1983

Lot Details

  • Adjacent to Greenbelt
  • End Unit
  • Wrought Iron Fence
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $583 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Slate Roof
  • Stucco

Interior Spaces

  • 1,450 Sq Ft Home
  • 1-Story Property
  • Wired For Sound
  • Bookcases
  • Cathedral Ceiling
  • Track Lighting
  • Park or Greenbelt Views

Kitchen

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

Flooring

  • Wood
  • Cork
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Accessible Home Design

  • No Carpet

Pool

  • Indoor Pool
  • In Ground Pool

Schools

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

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 02010402160000
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, insurance, sewer, trash, water
  • Towers Of Town Lake Association
  • Towers Town Lake Condo Amd Subdivision
  • Mandatory home owners association
  • The community has rules related to deed restrictions

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,328

Year Built

Built in 1983

Lot Details

1,133 Sq Ft Lot

HOA Fees

$583 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: Single level Floor Plan, End Unit
  • Building Area Total: 1450.00
  • Restrictions: Deed Restrictions
  • Year Built: 1983
  • Directions: From IH-35 exit Cesar Chavez if you are southbound, stay on feeder road past Holly and past Lambie, just past mid-rise building take a right at San Marcos Street and immediate right towards the gate. Use phone for access and go to concierge.
  • Estimated Taxes: 7280.00
  • FEMA Flood Plain: No
  • Fencing: Wrought Iron
  • Garage Spaces: 2.00
  • Guest Accommodation Description: None
  • Intermediary: Yes
  • Levels: One
  • Living Area: 1450.00
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Bookcases, Cathedral Ceiling(s), Ceiling-High, Primary Bedroom on Main, Track Lighting, Walk-In Closet(s), Wired for Sound
  • Laundry Location: Laundry Closet
  • View: Park/Greenbelt
  • Flooring: Cork, No Carpet, Tile, Wood
  • Fireplace Features: None
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: None
  • Appliances: Built-In Oven(s), Electric Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer Stacked
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: None
  • Spa Features: None

Beds/Baths

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

Exterior Features

  • Exterior Features: Exterior Steps
  • Roof: Slate
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: In Ground, Indoor
  • Private Pool: Yes
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Attached

Utilities

  • Sewer: Public Sewer
  • Utilities: Internet-Cable
  • Heating: Central, Electric
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Insurance, Sewer, Trash, Water
  • Association Fee Frequency: Monthly
  • Association Fee: 583.00

Association/Amenities

  • Management Company: Somerset Association
  • Association Name: Towers of Town Lake
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: Gated

Schools

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

Lot Info

  • Lot Features: Back to Greenbelt, Sprinkler - Automatic, Trees-Medium (20 Ft - 40 Ft)
  • Parcel Number: 02010402160000
  • Lot Size Acres: 0.0260
  • Lot Size Sq Ft: 1132.56
  • Subdivision Name: Towers Town Lake Condo Amd

Rental Info

  • Furnished: Unfurnished

Building Info

  • Construction Materials: Stucco

Tax Info

  • Tax Filled Sqft Total: 1450
  • Tax Rate: 2.29608000000000
  • Tax Year: 2016
  • Tax Annual Amount: 4328.00
  • Tax Exemptions: Homestead, Over 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2020
Sold by
Dresslar Walter E
Bought by
Dresslar Walter E
Current Estimated Value
$764,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Outstanding Balance
$143,764
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$621,214

Purchase Details

Listed on
Jun 16, 2016
Closed on
Aug 24, 2016
Sold by
Simpson Virginia Susan and Simpson Jack M
Bought by
Sekons David H
Seller's Agent
Richard Olesch
All City Real Estate Ltd. Co
Buyer's Agent
Jason Fuller
Keller Williams Realty
List Price
$535,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.47%
Original Mortgage
$300,000
Outstanding Balance
$238,900
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$526,078

Purchase Details

Closed on
Mar 11, 2009
Sold by
Noble William Reed and Noble Pamela B
Bought by
Noble William Reed and Noble Pamela B

Purchase Details

Closed on
Oct 6, 2005
Sold by
Greenberg Isadore Irving
Bought by
The Isadore Irving Greenberg Trust and Greenberg Isadore Irving

Purchase Details

Closed on
Jul 7, 2005
Sold by
Crist Ricky J and Crist Kimberly A
Bought by
Briska Charles K

Purchase Details

Closed on
Apr 18, 2005
Sold by
Barnett Ronnie E and Barnett Frankie R
Bought by
Simpson Virginia Susan

Purchase Details

Closed on
Aug 13, 2004
Sold by
Kinney Kurt N
Bought by
Simpson Sue

Purchase Details

Closed on
Jul 14, 2000
Sold by
Katz Marc and Katz Melanie M
Bought by
Helmreich Robert L

Purchase Details

Closed on
Jun 11, 1999
Sold by
Elmiger Jose Franz and Elmiger Joe F
Bought by
Kerr Myra E

Purchase Details

Closed on
Jun 20, 1998
Sold by
Yonge George and Yonge Peggy
Bought by
Mokhateb Rafiei Farajollah and Rouhani Venus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 1998
Sold by
Klumpp Charles H and Klumpp Monica M
Bought by
Whitlock Bryson L and Whitlock Sylvia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
7.02%

Purchase Details

Closed on
Jul 31, 1997
Sold by
Spiro Herbert J and Deadler Marion Ballin
Bought by
Helen F Hirsh Trust
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

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
Dresslar Walter E -- None Available
Sekons David H -- Attorney
Noble William Reed -- None Available
The Isadore Irving Greenberg Trust -- --
Briska Charles K -- --
Simpson Virginia Susan -- Texas American Title Company
Simpson Sue -- Heritage Title
Helmreich Robert L -- Texas Professional Title Inc
Kerr Myra E -- Austin Title Company
Mokhateb Rafiei Farajollah -- Gracy Title
Whitlock Bryson L -- Texas American Title Company
Helen F Hirsh Trust -- Texas American 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
Open Dresslar Walter E $162,000
Open Sekons David H $300,000
Previous Owner Mokhateb Rafiei Farajollah $174,000
Previous Owner Whitlock Bryson L $215,000
Closed Mokhateb Rafiei Farajollah $21,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2016 08/25/16 Sold -- -- --
07/21/2016 07/21/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $535,000 -- $369 / 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 $5,154 $652,915 -- --
2023 $5,167 $539,599 $0 $0
2022 $9,688 $490,545 $0 $0
2021 $9,707 $445,950 $133,977 $311,973
2020 $9,148 $426,500 $133,977 $292,523
2019 $9,368 $426,500 $133,977 $292,523
2018 $9,268 $418,622 $111,648 $306,974
2017 $11,151 $500,000 $111,648 $388,352
2016 $7,071 $317,067 $111,648 $277,074
2015 $4,453 $288,243 $139,559 $238,320
2014 $4,453 $262,039 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Richard Olesch

    Seller's Agent in 2016

    Richard Olesch

    All City Real Estate Ltd. Co

    (512) 919-2975

    34 Total Sales

    Richard Olesch
    Section Image
  • Jason Fuller

    Buyer's Agent in 2016

    Jason Fuller

    Keller Williams Realty

    (512) 378-0192

    38 Total Sales

    Jason Fuller
    Section Image
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About Towers Of Town Lake

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 8211230

Unlock MLS (Austin Board of REALTORS®)

APN: 188030

Texas Travis County Austin 78701 Rainey Street Historic District

40 N Interstate 35 Unit TH1, Austin, TX

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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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