NOT LISTED FOR SALE

505 E 40th St Unit B Austin, TX 78751

Hyde Park Neighborhood

Estimated Value: $1,405,801 - $1,689,000

1 Bed
1.5 Baths
872 Sq Ft
$1,775/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • High Ceiling
  • Patio
  • Russell Lee Elementary School Rated A-
  • Walk-In Closet
  • Recessed Lighting

About This Home

As of July 2019

“Lock and Go” 1 bed/1.5 bath detached apartment with high-end interior finishes. Stained concrete floors, half bath, and open kitchen downstairs with quartz counters and slate appliances including a 5-burner gas range. Bedroom upstairs with hardwoods, low-E windows with blackout shades, and a full bath with oversized walk-in shower. Tankless water heater. Stackable washer/dryer. 2 parking spaces, one covered. Energy efficient unit. Tenant pays electric/internet only. Easy access to UT and downtown.

Last Agent to Rent the Property

Tammy Young

Compass RE Texas, LLC License #0580831 Listed on: 05/01/2019

Compass RE Texas, LLC

Last Renter's Agent

Non Member

Non Member License #785011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,340

Year Built

  • Built in 2016

Lot Details

  • No Backyard Grass
  • Level Lot

Home Design

  • House
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 872 Sq Ft Home
  • High Ceiling
  • Recessed Lighting
  • Window Treatments

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet

Home Security

  • Prewired Security
  • Security Lights
  • Fire and Smoke Detector

Parking

  • Alley Access
  • Off-Street Parking
  • Reserved Parking

Outdoor Features

  • Patio

Utilities

  • Heat Pump System
  • Separate Meters
  • Above Ground Utilities

Listing and Financial Details

  • Security Deposit $2,100
  • Tenant pays for cable TV, electric, internet
  • The owner pays for gas, property tax, repairs, security system monitoring, trash collection, water, yard maintenance
  • 12-Month Min and 24-Month Max Lease Term
  • $50 Application Fee
  • Assessor Parcel Number 02180609060000

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,340

Year Built

Built in 2016

Lot Details

0

Rental Info

  • App Delivery To: 4101 Guadalupe St. #600 Austin, TX 78751
  • App Deposit Payable To: Carolyn Palaima
  • App Fee Payable To: SEED Property Group
  • Application Fee: 50
  • Application Policy: Best Qualified Application
  • Application Required: Tar App
  • First Month Rent Payable To: Owner
  • Furnished: Unfurnished
  • Lease Guarantor: No
  • Lse Length Negotiable: Yes
  • Max Lease Months: 24
  • Max Numof Pets: 1
  • Min Lease Months: 12
  • Owner Pays: Gas, Property Tax, Repairs, Security System Monitoring, Trash Collection, Water, Yard Maintenance
  • Pet Deposit: 300
  • Pet Description: Cat(s) Only, Negotiable/Call Agent, See Agent
  • Section8: No
  • Security Deposit: 2100
  • Smoking Inside: No
  • Tenant Pays: Cable Tv, Electric, Internet

Listing Details

  • Property Type: Lease
  • Property Sub Type: House
  • Unit Style: 1st Floor Entry
  • Access Instructions: Key In Lockbox
  • Total Sq Ft: 872
  • Steps: Interior Steps
  • Stories: 2
  • Year Built: 2016
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.93333
  • Ratio Close Price By Sq Ft: 2.41
  • Ratio Current Price By Sq Ft: 2.41
  • Ratio List Price By Sq Ft: 2.41
  • Special Features: None

Interior Features

  • Disability Features: No
  • Faces: South-West
  • Master Description: Full Bath, Walk-In Closet, Walk-In Shower
  • Kitchen: Breakfast Bar, Natural Stone Counters
  • Interior Amenities: Ceiling-High, Lighting Recessed, Smoke Detector, Walk-In Closet, Window Treatments, Wired For Security
  • Dining Description: Liv/Din Combo
  • Laundry Facilities: Closet, Stackable W/D Connections, Upper Level
  • Sprinkler System: No
  • Flooring: Concrete, Tile - Hard, Wood
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 1
  • Kitchen Appliances: Dishwasher, Disposal, Exhaust Fan Vented, Microwave Oven, Range-Free Standing, Self Cleaning Oven, Stackable Washer/Dryer, Water Heater Gas, Water Heater Tankless
  • Master Main: No
  • Num Dining: 1
  • Num Living: 1
  • Num Other Level Beds: 1
  • Num Parking Spaces: 2
  • Region: Austin - Central
  • Dryer: Yes
  • Refrigerator: Yes
  • Washer: Yes

Exterior Features

  • Fence: Cedar, Privacy
  • Pool on Property: No
  • Trees: Heavy, Large (Over 40 Ft), Medium (20 Ft - 40 Ft)
  • Exterior Features: Patio-Uncovered, Security Lighting, Sidewalk
  • Roof: Metal
  • Construction: 2 Side Masonry, Hardiplank Type
  • Horses Allowed On Property: No
  • Water Access: No
  • Foundation: Slab
  • Spa Hot Tub: No

Garage/Parking

  • Parking Features: 1 Car Carport, 2 Reserved, Off Street

Utilities

  • Cooling: Mini-Split System
  • Sewer: City On Property
  • Utilities: Above Ground, Electricity Available
  • Heating: Heat Pump
  • Meter Description: Electric Separate
  • Water Source: City
  • Dryer Maintained: Yes

Condo/Co-op/Association

  • Gated Community: No
  • HOA: No
  • Managed By: Owner
  • Pets: Yes

Fee Information

  • Per Person: Yes
  • Per Pet: Yes

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary A: Lee
  • Intermediary: Yes
  • Middle Intermediate School: Kealing
  • High School: McCallum

Lot Info

  • Land Sq Ft: 0.220
  • Lot Features: Alley Access, Level, No Backyard Grass
  • Parcel Number: 02180609060000

Green Features

  • Upgraded Energy Efficient Features: Roof, Water Heater, Windows And Doors
  • Upgraded Energy Efficient Features: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2021
Sold by
Palaima Carolyn P
Bought by
Pruitt Robert and Pruitt Helene
Current Estimated Value
$1,572,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2011
Sold by
Palaima Thomas G
Bought by
Palaima Carolyn P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,700
Interest Rate
4.73%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 27, 1995
Sold by
Smith Jim
Bought by
Palaima Thomas G and Palaima Carolyn P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pruitt Robert -- None Listed On Document
Palaima Carolyn P -- None Available
Palaima Thomas G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pruitt Robert $0
Previous Owner Palaima Carolyn P $354,974
Previous Owner Palaima Carolyn P $375,000
Previous Owner Palaima Carolyn P $185,000
Previous Owner Palaima Carolyn P $198,700
Previous Owner Palaima Thomas G $198,700
Previous Owner Palaima Thomas G $225,300
Previous Owner Palaima Thomas G $255,900
Previous Owner Palaima Thomas G $102,600
Previous Owner Palaima Thomas G $192,000
Closed Palaima Carolyn P $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2019 07/03/19 Rented $2,100 0.0% --
06/25/2019 06/25/19 Under Contract -- -- --
06/11/2019 06/11/19 Price Changed $2,100 -6.7% $2 / Sq Ft
05/01/2019 05/01/19 For Rent $2,250 0.0% --
07/23/2016 07/23/16 Rented $2,250 0.0% --
07/23/2016 07/23/16 Under Contract -- -- --
06/30/2016 06/30/16 For Rent $2,250 -- --
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 $22,340 $1,239,370 $350,000 $889,370
2022 $25,189 $1,409,220 $385,000 $1,024,220
2021 $16,932 $777,888 $357,500 $459,688
2020 $15,083 $703,200 $357,500 $345,700
2018 $13,500 $609,751 $357,500 $304,688
2017 $12,362 $554,319 $357,500 $196,819
2016 $13,448 $602,999 $357,500 $281,527
2015 $10,294 $509,462 $275,000 $268,782
2014 $10,294 $463,147 $275,000 $188,147
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1770195

Unlock MLS (Austin Board of REALTORS®)

APN: 213220