NOT LISTED FOR SALE

Fifth & West Residences 501 West Ave Unit 1004 Austin, TX 78701

Market District Neighborhood

Estimated Value: $977,000 - $1,227,552

2 Beds
2 Baths
1,327 Sq Ft
87 Sq Ft Lot

Highlights

  • Roof Top Pool
  • Fitness Center
  • City Lights View
  • Mathews Elementary School Rated A
  • Gated Parking
  • Built-In Refrigerator

About This Home

As of September 2023

LIVE THE BEST AUSTIN HAS TO OFFER. Luxurious 2-bed, 2-bath residence in the prestigious Fifth & West Residences tower, in downtown Austin. Over 1,300 sq ft of exquisite living space with an open layout, ideal for entertaining. Chef's dream kitchen with Italkraft cabinetry, quartz island, Miele appliances. Tranquil owner's suite with blackout shades, walk-in closet. Private terrace offers sunset views of Austin and the hill country. Modern conveniences include motorized window shades, automated lighting and keyless entry. Unbeatable location in the Market District, close to Austin's best attractions. Don't miss this opportunity for upscale living, stunning views, and prime downtown location. Tenant pays all utilities except association fees, and is responsible for building move-in fee of $400 and a $500 refundable deposit. Tenant must change air filter(s) every 30 days. No smokers. Pets negotiable (limit 2); depending on size and breed. $300 for small dog/cat. $500 for medium dog $750. Tenant occupied thru June 30, 2023. 24 Hour Advance Showing Notice.

Last Agent to Rent the Property

Kelly Martin

Moreland Properties License #0624847 Listed on: 05/23/2023

Moreland Properties

Last Renter's Agent

Trey Phillips

Moreland Properties License #0489531

Moreland Properties

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,116

Year Built

  • Built in 2018

Lot Details

  • 87

Parking

  • 2 Car Attached Garage
  • Gated Parking

Property Views

  • Hills

Home Design

  • Slab Foundation

Interior Spaces

  • 1,327 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments

Kitchen

  • Breakfast Bar
  • <<OvenToken>>
  • Built-In Gas Range
  • <<microwave>>
  • Built-In Refrigerator
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Washer and Dryer

Pool

  • Roof Top Pool
  • In Ground Pool

Outdoor Features

  • Covered patio or porch
  • Terrace

Schools

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

Utilities

  • Central Heating
  • Master Meter
  • Natural Gas Connected
  • Shared Gas Meter
  • Shared Water Meter

Additional Features

  • Accessible Elevator Installed
  • Northwest Facing Home

Listing and Financial Details

  • Security Deposit $7,000
  • Tenant pays for all utilities
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • 12 Month Lease Term
  • $60 Application Fee
  • Tax Lot 1004
  • Assessor Parcel Number 01070033260000

Community Details

Overview

  • 154 Units
  • High-Rise Condominium
  • Fifth & West Residences Community
  • Fifth & West Subdivision
  • Lock-and-Leave Community

Amenities

  • Business Center
  • Meeting Room
  • Community Mailbox

Recreation

Pet Policy

  • Pet Size Limit
  • Pet Deposit $750
  • 2 Pets Allowed
  • Pet Amenities
  • Dogs and Cats Allowed
  • Breed Restrictions

Condo Details

Home Type

Condominium

Est. Annual Taxes

$19,116

Year Built

Built in 2018

Lot Details

0

Parking

2

Rental Info

  • App Deposit Payable To: Owner
  • App Fee Payable To: Intellirent
  • Application Fee: 60
  • Application Policy: Best Qualified Application
  • Application Required: See Online App
  • First Month Rent Payable To: Broker
  • Furnished: Unfurnished
  • Max Lease Months: 24
  • Max Numof Pets: 2
  • Min Lease Months: 12
  • Pet Deposit: 750
  • Security Deposit: 7000
  • Tenant Pays: All Utilities
  • Per Person: Yes
  • Per Pet: Yes
  • Pets Allowed: Cats OK, Dogs OK, Size Limit, Breed Restrictions
  • Renters Insurance Required: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Unit Style: Tower (14+ Stories)
  • Year Built: 2018
  • Certified Funds: Yes
  • Direction Faces: NW
  • Directions: Fifth & West is located at the corner of 5th Street and West Avenue.
  • Disclosures: Other Disclosures
  • FEMA Flood Plain: No
  • Fencing: None
  • Garage Spaces: 2.00
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Housing Vouchers: No
  • Intermediary: Yes
  • Lease Term: 12 Months
  • Levels: One
  • Living Area: 1327.00
  • Complex Name: Fifth & West Residences
  • Move In Special: No
  • On Site Compliance: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Kitchen Island, Recessed Lighting, Walk-In Closet(s)
  • Laundry Location: In Unit, Laundry Room
  • View: City, City Lights, Hill Country, See Remarks
  • Flooring: Tile, Wood
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Freezer, Gas Range, Microwave, Oven, Stainless Steel Appliance(s), Washer/Dryer, See Remarks
  • Appliances Maintained: None
  • Main Level Bedrooms: 2
  • Security Features: See Remarks
  • Smoking Inside: No
  • Window Features: Window Treatments

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony
  • Roof: See Remarks
  • Foundation: Slab
  • Patio And Porch Features: Covered, Terrace
  • Pool Features: In Ground, Rooftop Pool
  • Private Pool: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2.00
  • Parking Features: Attached, Garage, Gated
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Central
  • Meter Description: Electric Common, Gas Common, Water Common
  • Water Source: Public
  • Cooling: Ceiling Fan(s)

Condo/Co-op/Association

  • Managed By: Owner

Association/Amenities

  • Community Features: Business Center, Cluster Mailbox, Conference/Meeting Room, Fitness Center, Lock and Leave, Pet Amenities, Pool, See Remarks

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: None
  • Parcel Number: 01070033260000
  • Subdivision Name: Fifth & West

Building Info

  • Construction Materials: See Remarks
  • New Construction: No

Multi Family

  • Number Of Units Total: 154

Tax Info

  • Tax Filled Sqft Total: 1327
  • Tax Lot: 1004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2019
Sold by
5Th And West Owner Lp
Bought by
Desai Rishi and Desai Viraj
Current Estimated Value
$1,102,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Outstanding Balance
$107,359
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$1,021,482
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Desai Rishi -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desai Rishi $126,000
Closed Desai Viraj $126,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2023 09/27/23 Rented $5,000 -9.1% --
09/26/2023 09/26/23 Under Contract -- -- --
09/18/2023 09/18/23 Price Changed $5,500 -7.6% $4 / Sq Ft
06/23/2023 06/23/23 Price Changed $5,950 -7.8% $4 / Sq Ft
06/05/2023 06/05/23 Price Changed $6,450 -7.9% $5 / Sq Ft
05/23/2023 05/23/23 For Rent $7,000 -- --
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
2023 $19,116 $1,016,400 $0 $0
2022 $18,248 $924,000 $0 $0
2021 $18,284 $840,000 $18,511 $821,489
2020 $18,017 $840,000 $18,511 $821,489
2018 $553 $24,983 $18,511 $6,472
Source: Public Records

Agents Affiliated with this Home

  • Kelly Martin

    Landlord's Agent in 2023

    Kelly Martin

    Moreland Properties

    (512) 632-9091

    19 in this area

    37 Total Sales

    Kelly Martin
    Section Image
  • Trey Phillips

    Tenant's Agent in 2023

    Trey Phillips

    Moreland Properties

    (512) 623-3633

    4 in this area

    90 Total Sales

    Trey Phillips
    Section Image
See All Agents

About Fifth & West Residences

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 9271645

Unlock MLS (Austin Board of REALTORS®)

APN: 901388

Texas Travis County Austin 78701 Market District

501 West Ave Unit 1004, Austin, TX

This home is located at 501 West Ave Unit 1004, Austin, TX 78701 since 23 May 2023 and is currently priced at $1,102,276. This property was built in 2018. 501 West Ave Unit 1004 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and Headwaters School.

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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes