NOT LISTED FOR SALE

Fifth & West Residences 501 West Ave Unit 2501 Austin, TX 78701

Market District Neighborhood

Estimated Value: $2,319,682 - $2,849,000

3 Beds
3 Baths
2,517 Sq Ft
$1,502/mo HOA Fee

Last Sold October 08, 2021

Current estimated payment $19,570/month

56 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Gated Parking
  • Mathews Elementary School Rated A
  • In Ground Pool
  • Panoramic View

About This Home

As of October 2021

You will be astounded by the breathtaking, panoramic floor to ceiling view of downtown Austin from the moment you walk through the front door of this 2517 square foot, 3 bedroom plus an office, 3 bathroom condo on the 25th floor of the Residences at 5th and West! The kitchen is a chef’s dream with a large central island and high-end Miele appliances. Wide plank hardwood floors extend from the main living area to the bedrooms and office for a cohesive, modern design. Bathrooms are luxuriously appointed with marble finishes. Large walk-in closets can be found in each bedroom as well as the office area providing ample storage. Each window is equipped with motorized shades that filter the light in the main living areas and are room darkening in the bedrooms. The condo comes with 2 full sized parking spots located on the 4th floor. Amenities include a 24-hour concierge, pool, fitness center with yoga room, 2 guest suites, a coffee station, commercial catering kitchen, and a dog park with a dog washing station. The location in the heart of downtown means you are only steps away from many businesses, Whole Foods Market, Lady Bird Lake, Shoal Creek Trail, as well as numerous shopping and restaurant options.

Last Agent to Sell the Property

Tracey Manbeck

Keller Williams Realty License #0735743 Listed on: 07/16/2021

Keller Williams Realty

Last Buyer's Agent

George Wang

Texas Fortune Realty License #0605970

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $42,078

Year Built

  • Built in 2018

Lot Details

  • Southeast Facing Home
  • Dog Run
  • Property is in excellent condition

HOA Fees

  • $1,502 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gated Parking
  • Secured Garage or Parking
  • Assigned Parking
  • Community Parking Structure

Property Views

  • Panoramic

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Masonry Siding

Interior Spaces

  • 2,517 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Sound
  • Wired For Data
  • Recessed Lighting
  • Washer and Electric Dryer Hookup

Kitchen

  • Built-In Self-Cleaning Double Convection Oven
  • Built-In Gas Range
  • <<microwave>>
  • Built-In Refrigerator
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Quartz Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Double Vanity
  • Soaking Tub

Home Security

  • Smart Home
  • Closed Circuit Camera
  • Smart Thermostat

Accessible Home Design

  • Accessible Elevator Installed
  • Exterior Wheelchair Lift
  • No Interior Steps

Pool

  • In Ground Pool
  • Outdoor Pool

Outdoor Features

  • Covered patio or porch
  • Fire Pit
  • Outdoor Gas Grill

Location

  • Property is near public transit

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Underground Utilities
  • Natural Gas Connected
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 01070034010000

Community Details

Overview

  • Association fees include common area maintenance, ground maintenance, maintenance structure, trash
  • 5Th And West Association
  • Downtown Market District Subdivision
  • Lock-and-Leave Community

Amenities

  • Concierge
  • Community Barbecue Grill
  • Common Area
  • Community Kitchen
  • Meeting Room
  • Lounge
  • Community Mailbox
  • Bike Room

Recreation

  • Dog Park
  • Trails

Pet Policy

  • Pet Amenities

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$42,078

Year Built

Built in 2018

Lot Details

0

HOA Fees

$1,502 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 2018
  • Additional Parcels: No
  • Direction Faces: Southeast
  • Directions: 5th and West Residences is located at the corner of 5th Ave and West St.
  • Disclosures: Seller Disclosure
  • Fencing: None
  • Garage Spaces: 2
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 2517
  • Other Structures: See Remarks
  • Special Listing Conditions: Standard
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 45615.00
  • FEMA Flood Plain: See Remarks
  • Restrictions: See Remarks
  • Tax Exemptions: Homestead
  • Unit Style: Tower (14+ Stories),Single level Floor Plan
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Quartz Counters, Stone Counters, Double Vanity, Electric Dryer Hookup, Elevator, High Speed Internet, Kitchen Island, No Interior Steps, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Smart Home, Smart Thermostat, Soaking Tub, Walk-In Closet(s), Washer Hookup, Wired for Data, Wired for Sound
  • View: City, City Lights, Downtown, Panoramic, Skyline
  • Flooring: Marble, Wood
  • Fireplace Features: Fire Pit, See Remarks
  • Accessibility Features: Accessible Elevator Installed, Exterior Wheelchair Lift
  • Appliances: Built-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Convection Oven, Cooktop, Dishwasher, Disposal, Exhaust Fan, Gas Cooktop, Ice Maker, Instant Hot Water, Microwave, Double Oven, Plumbed For Ice Maker, Self Cleaning Oven, Wine Refrigerator
  • Main Level Bedrooms: 3
  • Property Condition: Resale, Excellent
  • Security Features: Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Key Card Entry, Secured Garage/Parking, Smoke Detector(s)
  • Spa Features: None
  • Window Features: See Remarks
  • ResoLivingAreaSource: PublicRecords
  • Laundry Location: In Unit,Laundry Room
  • Num Dining: 1
  • Num Living: 2
  • Num Guest Beds: 2

Beds/Baths

  • Full Bathrooms: 3
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Balcony, Dog Run, Gas Grill
  • Roof: Membrane
  • Foundation: Slab
  • Patio And Porch Features: Covered
  • Pool Features: In Ground, Outdoor Pool
  • Private Pool: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Assigned, Garage, Gated, Secured
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, High Speed Internet, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 1501.5

Association/Amenities

  • Association Name: 5th and West
  • Association: Yes
  • Community Features: BBQ Pit/Grill, Bike Storage/Locker, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Dog Park, Fitness Center, Garage Parking, High Speed Internet, Kitchen Facilities, Lock and Leave, Lounge, Pet Amenities, Pool, Property Manager On-Site, Walk/Bike/Hike/Jog Trail(s

Schools

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

Lot Info

  • Lot Features: Near Public Transit, Views
  • Parcel Number: 01070034010000
  • Subdivision Name: Downtown Market District

Building Info

  • Construction Materials: Glass, Masonry – Partial
  • New Construction: No

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 42078
  • Tax Filled Sqft Total: 2517
  • Tax Rate: 2.22667000000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Oct 8, 2021
Sold by
Manbeck Tracey Lynn and Manbeck Keith M
Bought by
Shahani Sapan and Sapan Shahani Trust
Seller's Agent
Tracey Manbeck
Keller Williams Realty
Buyer's Agent
George Wang
Texas Fortune Realty
List Price
$2,595,000
Sold Price
$2,575,000
Premium/Discount to List
-$20,000
-0.77%
Current Estimated Value
$2,584,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,341
Avg. Annual Appreciation
-0.96%

Purchase Details

Closed on
Mar 29, 2019
Sold by
5Th And West Owner Lp
Bought by
Manbeck Tracey Lynn and Manbeck Keith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.5%
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
Shahani Sapan -- Independence Title
Manbeck Tracey Lynn -- Heritage Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manbeck Tracey Lynn $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold -- -- --
09/10/2021 09/10/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $2,595,000 -- $1,031 / Sq Ft
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 $45,545 $2,517,320 $35,101 $2,482,219
2022 $52,888 $2,678,000 $35,101 $2,642,899
2021 $44,591 $2,048,561 $35,099 $2,013,462
2020 $43,773 $2,040,824 $35,099 $2,005,725
2018 $1,034 $46,687 $35,099 $11,588
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tracey Manbeck

    Keller Williams Realty

    Section Image

  • G

    Buyer's Agent in 2021

    George Wang

    Texas Fortune Realty

    (512) 694-6060

    1 in this area

    56 Total Sales

    George Wang
    Section Image
See All Agents

About Fifth & West Residences

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 9878594

Unlock MLS (Austin Board of REALTORS®)

APN: 901463

Texas Travis County Austin 78701 Market District

501 West Ave Unit 2501, Austin, TX

This home is located at 501 West Ave Unit 2501, Austin, TX 78701 since 16 July 2021 and is currently estimated at $2,584,341, approximately $1,026 per square foot. This property was built in 2018. 501 West Ave Unit 2501 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and Headwaters School.

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