NOT LISTED FOR SALE

501 W 55th St Unit 1-A Austin, TX 78751

North Loop Neighborhood

Estimated Value: $1,062,000 - $1,261,000

5 Beds
2 Baths
1,760 Sq Ft
$652/Sq Ft Est. Value

Highlights

  • No HOA
  • Multiple Living Areas
  • Tile Flooring
  • Reilly Elementary School Rated 9+
  • 2 Car Attached Garage
  • Dogs and Cats Allowed

About This Home

As of June 2021

Available August 2021!! Spacious stand-alone home close to Lamar & Guadalupe, convenient to UT campus, downtown and UT & city bus routes. Huge fenced back yard, 2 car garage and full sized washer & dryer provided. Home is actually 5 beds + study (could be a 6th bedroom) and 2 living areas. One of the best deals in Austin! Video Tour: https://youtu.be/XA81h_xTwl8

Last Agent to Rent the Property

Sandi Posey

Respace LLC License #0416020 Listed on: 12/31/2020

Last Renter's Agent

Sandi Posey

Respace LLC License #0416020 Listed on: 12/31/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,855

Year Built

  • Built in 1950

Lot Details

  • 6,447 Sq Ft Lot
  • North Facing Home
  • Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,760 Sq Ft Home
  • 2-Story Property
  • Multiple Living Areas
  • Laundry on main level

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Reilly Elementary School
  • Lamar Middle School
  • Mccallum High School

Community Details

  • No Home Owners Association
  • Northfield Annex 02 Subdivision
  • Property managed by REsapce LLC.

Listing and Financial Details

  • Security Deposit $3,195
  • Tenant pays for all utilities
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • 12 Month Lease Term
  • $75 Application Fee
  • Legal Lot and Block 24 / 2
  • Assessor Parcel Number 02250905020000

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,855

Year Built

Built in 1950

Lot Details

0

Parking

2

Rental Info

  • Additional Pet Fee: 250
  • App Deposit Payable To: REspace
  • App Fee Payable To: REspace
  • Application Fee: 75
  • Application Policy: Best Qualified Application
  • Application Required: TAR App
  • First Month Rent Payable To: Broker
  • Furnished: Unfurnished
  • Max Lease Months: 24
  • Max Numof Pets: 3
  • Min Lease Months: 12
  • Pet Deposit: 250
  • Security Deposit: 3195
  • Tenant Pays: All Utilities
  • Per Person: Yes
  • Per Pet: Yes
  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Renters Insurance Required: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Year Built: 1950
  • Additional Pet Fee Description: Per Pet
  • Administrative Fee Payable To: REspace @ Lease Signing
  • Certified Funds: Yes
  • Direction Faces: North
  • Directions: From 51st street go north on Guadalupe - turn right on 55 1/2 street - 1st house on the right
  • Disclosures: Lead Base Paint Addendum
  • FEMA Flood Plain: See Remarks
  • Fencing: Fenced, See Remarks
  • Garage Spaces: 2.00
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Housing Vouchers: No
  • Intermediary: Yes
  • Lease Guarantor: Yes
  • Lease Term: 12 Months
  • Levels: Two
  • Living Area: 1760.00
  • Monthly Pet Rent Per Pet: Yes
  • Move In Special: No
  • On Site Compliance: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Interior Steps, Multiple Living Areas, See Remarks
  • Laundry Location: Main Level
  • View: None
  • Flooring: Carpet, Tile
  • Fireplace Features: None
  • Management Company: REsapce LLC.
  • Num Dining: 1
  • Num Living: 2
  • Num Other Level Beds: 2
  • Accessibility Features: None
  • Appliances: Refrigerator, See Remarks
  • Appliances Maintained: Dishwasher, Dryer, Range/Oven/Stove, Refrigerator, Washer, Water Heater
  • Main Level Bedrooms: 3
  • Security Features: None
  • Smoking Inside: No
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms: 2
  • Bedrooms: 5

Exterior Features

  • Exterior Features: None
  • Roof: See Remarks
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: None
  • Private Pool: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Attached
  • Total Parking Spaces: 6.00

Utilities

  • Sewer: See Remarks
  • Utilities: See Remarks
  • Heating: See Remarks
  • Meter Description: See Remarks
  • Water Source: See Remarks
  • Cooling: See Remarks

Condo/Co-op/Association

  • Managed By: Owner

Association/Amenities

  • Association: No
  • Community Features: None

Fee Information

  • Administration Fee: 50

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary School: Reilly
  • Middle School: Lamar (Austin ISD)
  • High School: McCallum
  • Elementary School: Reilly
  • High School: McCallum
  • Middle/Junior School: Lamar (Austin ISD)

Lot Info

  • Lot Features: None
  • Parcel Number: 02250905020000
  • Lot Size Acres: 0.1480
  • Lot Size Sq Ft: 6446.88
  • Subdivision Name: Northfield Annex 02

Building Info

  • Construction Materials: See Remarks
  • New Construction: No

Tax Info

  • Tax Block: 2
  • Tax Filled Sqft Total: 1760
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2022
Sold by
Smith Development Services Llc
Bought by
Daghlian Dikran
Current Estimated Value
$1,146,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Outstanding Balance
$881,759
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$264,983

Purchase Details

Listed on
Dec 31, 2020
Closed on
Aug 9, 2021
Sold by
Trident Real Estate Holdings Llc
Bought by
Smith Development Services Llc
Seller's Agent
Sandi Posey
Respace LLC
Buyer's Agent
Sandi Posey
Respace LLC

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$955,000
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 14, 2014
Sold by
Muncey James G and Muncey Susan W
Bought by
Neshangi Srinivas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2007
Sold by
Alter Edward J and Alter Kathleen E
Bought by
Muncey James G and Muncey Susan W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2003
Sold by
Ready Mortgage Corp
Bought by
Alter Edward J and Alter Kathleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,050
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2003
Sold by
Hofrock Jerry
Bought by
Ready Mortgage Corp

Purchase Details

Closed on
Feb 1, 2002
Sold by
Kelso Homer D
Bought by
Hofrock Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,421
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Daghlian Dikran -- None Listed On Document
Smith Development Services Llc -- Independence Title
Trident Real Estate Holdings Llc -- Independence Title
Neshangi Srinivas -- None Available
Muncey James G -- None Available
Alter Edward J -- First American Title
Ready Mortgage Corp $148,000 --
Hofrock Jerry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daghlian Dikran $937,500
Previous Owner Smith Development Services Llc $955,000
Previous Owner Neshangi Srinivas $200,000
Previous Owner Muncey James G $183,000
Previous Owner Alter Edward J $130,050
Previous Owner Hofrock Jerry $140,421
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Rented $3,195 0.0% --
06/14/2021 06/14/21 Under Contract -- -- --
03/18/2021 03/18/21 Price Changed $3,195 -8.6% $2 / Sq Ft
12/31/2020 12/31/20 For Rent $3,495 +16.7% --
08/24/2020 08/24/20 Rented $2,995 +20.0% --
07/23/2020 07/23/20 Price Changed $2,495 -10.7% $1 / Sq Ft
07/18/2020 07/18/20 Price Changed $2,795 -5.3% $2 / Sq Ft
07/17/2020 07/17/20 Price Changed $2,950 -1.5% $2 / Sq Ft
07/07/2020 07/07/20 For Rent $2,995 -- --
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 $20,855 $989,177 $410,181 $578,996
2023 $21,850 $1,207,689 $450,000 $757,689
2022 $10,326 $522,876 $450,000 $72,876
2021 $9,157 $420,674 $275,000 $145,674
2020 $8,166 $380,700 $275,000 $105,700
2018 $7,640 $345,063 $275,000 $70,063
2017 $7,403 $331,967 $240,000 $91,967
2016 $7,291 $326,925 $270,000 $56,925
2015 $5,819 $244,500 $225,000 $19,500
2014 $5,819 $310,780 $225,000 $85,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 5949174

Unlock MLS (Austin Board of REALTORS®)

APN: 225000