Landlord's Agent in 2023
Kelly Martin
Moreland Properties
(512) 632-9091
18 in this area
38 Total Sales
Fifth & West Residences 501 West Ave Unit 1004 Austin, TX 78701
Market District NeighborhoodEstimated Value: $735,000 - $1,178,000
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 2023LIVE 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
Moreland Properties License #0624847 Listed on: 05/23/2023
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
- Oven
- 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
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
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
$105,899
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$876,270
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Home Values in the Area
Average Home Value in this Area
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 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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 | $19,116 | $1,017,764 | $18,512 | $999,252 |
| 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
-
Trey Phillips
Tenant's Agent in 2023
Trey Phillips
Moreland Properties
(512) 623-3633
4 in this area
91 Total Sales
About Fifth & West Residences
Map
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 9271645
APN: 901388
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