NOT LISTED FOR SALE

Fifth & West Residences 501 West Ave Unit 3701 Austin, TX 78701

Market District Neighborhood

Estimated Value: $2,341,885 - $2,983,000

3 Beds
3 Baths
2,517 Sq Ft
$2,166/mo HOA Fee

Last Sold June 20, 2024

Current estimated payment $19,935/month

64 Days on Market

Highlights

  • Concierge
  • Roof Top Pool
  • 24-Hour Security
  • Mathews Elementary School Rated A
  • Fitness Center
  • Bridge View

About This Home

As of June 2024

Welcome to 501 West Avenue Unit 3701, an exquisite junior penthouse that redefines sophistication. Boasting over 2,500 square feet, this residence offers a harmonious fusion of space, style, and comfort. With three bedrooms, a study, and three bathrooms, every corner is designed to elevate your lifestyle. Step into a realm of refined living where every detail has been meticulously curated. Custom furnishings grace each room, harmonizing perfectly with the approximately 10’5” ceiling heights that amplify the sense of grandeur. Smartly designed custom closets cater to your organizational needs while automated lighting and shades add an extra layer of convenience. Indulge in the seamless blend of modernity and opulence, and experience life at the apex of luxury. With the exception of a few pieces, the property is being offer furnished, featuring Martha O’Hara Interiors’ signature style. Fifth and West Residences redefine downtown living with their striking design, effortless ownership, and unbeatable location. Situated in the heart of the Market District, you’ll have the best of Austin within walking distance. Explore the Austin Central Library, indulge in a variety of outdoor dining and nightlife options, browse the shelves at Bookpeople, shop at Whole Foods, or take a leisurely stroll along the hike and bike trail at Lady Bird Lake. Don’t miss this opportunity to own a remarkable property that combines luxurious living, stunning views, and a prime downtown location. Experience the pinnacle of urban living at Fifth & West Residences. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified. The listed exclusions represent some, but not necessarily all, of the items Seller will be removing from the Property prior to closing. A full and final list of non-realty to be established at contract and/or option.

Last Agent to Sell the Property

Kelly Martin

Moreland Properties Brokerage Phone: (512) 480-0848 License #0624847 Listed on: 03/12/2024

Moreland Properties

Co-Listed By

Jessica Yates

Moreland Properties Brokerage Phone: (512) 480-0848 License #0602251

Last Buyer's Agent

Albert Ochoa

Success Realty of Texas LLC License #0521386

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $37,097

Year Built

  • Built in 2018

Lot Details

  • Southeast Facing Home
  • Property is in good condition

HOA Fees

  • $2,166 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Secured Garage or Parking
  • Assigned Parking
  • Community Parking Structure

Property Views

  • Lake
  • Bridge

Interior Spaces

  • 2,517 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Data
  • High Ceiling
  • Recessed Lighting
  • Dining Area
  • Storage
  • Wood Flooring

Kitchen

  • Built-In Oven
  • Built-In Gas Range
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

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

Home Security

  • Smart Home
  • Closed Circuit Camera

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps

Pool

  • Roof Top Pool
  • In Ground Pool

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 01070034480000

Community Details

Overview

  • Association fees include common area maintenance, insurance, ground maintenance, security, trash, water
  • Fifth And West Association
  • Fifth & West Residences Subdivision
  • Lock-and-Leave Community

Amenities

  • Concierge
  • Community Barbecue Grill
  • Meeting Room

Recreation

  • Dog Park
  • Trails

Pet Policy

  • Pet Amenities

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$37,097

Year Built

Built in 2018

Lot Details

0

HOA Fees

$2,166 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 2018
  • Additional Parcels: No
  • Direction Faces: Southeast
  • Directions: Corner of Fifth Street and West Avenue in Downtown Austin.
  • Disclosures: Seller Disclosure
  • Fencing: None
  • Garage Spaces: 2
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 2517
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Co List Office Mls Id: ACT017J
  • Co List Office Phone: (512) 480-0848
  • Attribution Contact: (512) 480-0848
  • Attribution Contact: (512) 480-0848
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 47177.02
  • FEMA Flood Plain: Yes-500 yr
  • Restrictions: Development Type
  • Tax Exemptions: Homestead,Over 65
  • Unit Style: Single level Floor Plan
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: High Ceilings, Quartz Counters, Elevator, Kitchen Island, Multiple Dining Areas, No Interior Steps, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Smart Home, Storage, Walk-In Closet(s), Wired for Data
  • View: Bridge(s), City, City Lights, Downtown, Lake
  • Flooring: Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Built-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Dishwasher, Disposal, Microwave, Stainless Steel Appliance(s)
  • Main Level Bedrooms: 3
  • Property Condition: Resale, Good
  • Security Features: 24 Hour Security, Closed Circuit Camera(s), Secured Garage/Parking
  • Spa Features: None
  • Window Features: See Remarks
  • ResoLivingAreaSource: PublicRecords
  • Laundry Location: Laundry Room
  • Num Dining: 1
  • Num Living: 1
  • Num Guest Beds: 2

Beds/Baths

  • Full Bathrooms: 3
  • Bedrooms: 3

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Assigned, Attached, Covered, Secured, Storage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Central, Electric
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Insurance, Maintenance Grounds, Security, Trash, Water
  • Association Fee Frequency: Monthly
  • Association Fee: 2166

Association/Amenities

  • Association Name: Fifth and West
  • Association: Yes
  • Community Features: BBQ Pit/Grill, Concierge, Conference/Meeting Room, Controlled Access, Dog Park, Fitness Center, Garage Parking, High Speed Internet, Lock and Leave, Pet Amenities, Pool, 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: None
  • Parcel Number: 01070034480000
  • Lot Size Acres: 0.0036
  • Lot Size Sq Ft: 156.82
  • Subdivision Name: Fifth & West Residences

Building Info

  • Construction Materials: See Remarks
  • New Construction: No

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 37097.3
  • Tax Map Number: 3701
  • Tax Filled Sqft Total: 2517
  • Tax Rate: 1.80924700000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
Jun 18, 2024
Sold by
Hood David D and Hood Kimberly A
Bought by
Joe Ochoa And Christi Smith Joint Revocable T and Ochoa
Seller's Agent
Kelly Martin
Moreland Properties
Buyer's Agent
Albert Ochoa
Success Realty of Texas LLC
List Price
$3,150,000
Views
27
Current Estimated Value
$2,662,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.03%

Purchase Details

Closed on
Mar 29, 2019
Sold by
5Th And West Owner Lp
Bought by
Hood David D and Hood Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Joe Ochoa And Christi Smith Joint Revocable T -- Heritage Title
Hood David D -- Heritage Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hood David D $979,750
Previous Owner Hood David D $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2024 06/20/24 Sold -- -- --
05/01/2024 05/01/24 Price Changed $2,899,000 -3.3% $1,152 / Sq Ft
04/05/2024 04/05/24 Price Changed $2,999,000 -4.8% $1,191 / Sq Ft
03/12/2024 03/12/24 For Sale $3,150,000 -- $1,251 / 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
2025 $39,143 $2,439,375 $35,101 $2,404,274
2023 $37,097 $2,607,550 $0 $0
2022 $46,816 $2,370,500 $0 $0
2021 $46,907 $2,155,000 $35,099 $2,119,901
2020 $49,358 $2,301,200 $35,099 $2,266,101
2018 $1,034 $46,687 $35,099 $11,588
Source: Public Records

Agents Affiliated with this Home

  • Kelly Martin

    Seller's Agent in 2024

    Kelly Martin

    Moreland Properties

    (512) 632-9091

    19 in this area

    38 Total Sales

    Kelly Martin
    Section Image
  • Jessica Yates

    Seller Co-Listing Agent in 2024

    Jessica Yates

    Moreland Properties

    (512) 961-9106

    20 in this area

    38 Total Sales

    Jessica Yates
    Section Image
  • Albert Ochoa

    Buyer's Agent in 2024

    Albert Ochoa

    Success Realty of Texas LLC

    (210) 317-7528

    1 in this area

    4 Total Sales

    Albert Ochoa
    Section Image
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About Fifth & West Residences

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1683295

Unlock MLS (Austin Board of REALTORS®)

APN: 901510

Texas Travis County Austin 78701 Market District

501 West Ave Unit 3701, Austin, TX

This home is located at 501 West Ave Unit 3701, Austin, TX 78701 since 12 March 2024 and is currently estimated at $2,662,443, approximately $1,057 per square foot. This property was built in 2018. 501 West Ave Unit 3701 is a home located in Travis County with nearby schools including Mathews Elementary School, Austin High School, and Headwaters School.

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