NOT LISTED FOR SALE

Estimated Value: $463,000 - $700,000

1 Bed
1 Bath
1,178 Sq Ft
$788/mo HOA Fee

Last Sold August 13, 2021

Current estimated payment $4,964/month

59 Days on Market

Highlights

  • Concierge
  • Heated Roof Top Pool
  • Open Floorplan
  • Mathews Elementary School Rated A
  • City View
  • 5-minute walk to Sir Swante Palm Park

About This Home

As of August 2021

One of the largest 1BR units in a convenient downtown location. Spacious open concept. Large California Closets walk-in closet, SS appliances, Bamboo wood floors, great East facing views & an air-conditioned storage unit right down the hall make this a great option for urban living. Amenities available including 24 hr concierge, Hilton amenities such as spa, health club, rooftop terrace/bar, restaurants & Starbucks, heated salt water pool, etc.

Last Agent to Sell the Property

Christopher Watters

Watters International Realty License #0567369 Listed on: 05/10/2021

Co-Listed By

Jason Bouchard

Redfin Corporation License #0702719

Last Buyer's Agent

Julia Hall

Keller Williams Realty License #0742979

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,557

Year Built

  • Built in 2004

HOA Fees

  • $788 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Reserved Parking

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 1,178 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • Laundry in Hall

Kitchen

  • Breakfast Bar
  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Bamboo
  • Stone

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

Accessible Home Design

  • No Interior Steps
  • Stepless Entry

Schools

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

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • In Ground Spa
  • East Facing Home

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 02040420240000
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance
  • Somerset Association
  • High-Rise Condominium
  • Five Fifty 05 Condo Amd Subdivision
  • Mandatory home owners association
  • The community has rules related to deed restrictions

Amenities

  • Concierge
  • Recycling
  • Planned Social Activities
  • Package Room

Recreation

  • Community Spa

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,557

Year Built

Built in 2004

Lot Details

0

HOA Fees

$788 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Unit Style: Tower (14+ Stories)
  • Restrictions: City Restrictions, Deed Restrictions
  • Year Built: 2004
  • Additional Parcels: No
  • Direction Faces: East
  • Directions: Head east on 5th Street from Congress Avenue for 5 blocks to the southwest corner of 5th & Red River. The 5 Fifty-Five is located in the same building as the Hilton Austin, yet has a separate entrance/lobby/elevator bank.
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 9367.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: None
  • Garage Spaces: 1.00
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Guest Accommodation Description: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: One
  • Living Area: 1178.00
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling-High, Counter-Granite, High Speed Internet, Kitchen Island, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Track Lighting, Walk-In Closet(s)
  • Laundry Location: In Hall, In Unit, Laundry Closet
  • View: City
  • Flooring: Bamboo, Stone
  • Num Dining: 1
  • Num Living: 1
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Free-Standing Gas Range, Water Heater-Gas
  • Main Level Bedrooms: 1
  • Property Condition: Resale
  • Security Features: Fire Alarm, Smoke Detector(s)
  • Spa Features: Hot Tub, In Ground
  • Window Features: None

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Balcony, No Exterior Steps
  • Roof: Membrane
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: Heated, In Ground, Rooftop Pool
  • Private Pool: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 1.00
  • Parking Features: Garage, Reserved
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Internet-Cable, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Central, Natural Gas
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance
  • Association Fee Frequency: Monthly
  • Association Fee: 788.14

Association/Amenities

  • Association Name: Somerset Association
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: Concierge, Hot Tub Community, Package Service, Planned Social Activities, Recycling Area/Center

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: Curbs
  • Parcel Number: 02040420240000
  • Lot Size Acres: 0.0030
  • Lot Size Sq Ft: 130.68
  • Subdivision Name: Five Fifty 05 Condo Amd

Building Info

  • Construction Materials: Stucco
  • New Construction: No

Tax Info

  • Tax Filled Sqft Total: 1178
  • Tax Rate: 2.22670000000000
  • Tax Year: 2021
  • Tax Annual Amount: 8557.00
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2024
Sold by
Hall Julia
Bought by
Becker Eli
Current Estimated Value
$594,841

Purchase Details

Listed on
May 10, 2021
Closed on
Aug 12, 2021
Sold by
Mandala Lidya and Mandala Hani
Bought by
Becker Eli and Hall Julie
Seller's Agent
Christopher Watters
Watters International Realty
Buyer's Agent
Julia Hall
Keller Williams Realty
List Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%
Original Mortgage
$437,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2005
Sold by
Bda 555 Ltd
Bought by
Wati Lidya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,650
Interest Rate
5.75%
Mortgage Type
Commercial
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
Becker Eli -- None Listed On Document
Becker Eli -- Independence Title
Wati Lidya -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Becker Eli $437,000
Previous Owner Wati Lidya $234,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2021 08/13/21 Sold -- -- --
07/08/2021 07/08/21 Pending -- -- --
06/03/2021 06/03/21 Price Changed $465,000 -2.1% $395 / Sq Ft
05/10/2021 05/10/21 For Sale $475,000 0.0% $403 / Sq Ft
11/25/2020 11/25/20 Rented $2,500 -3.8% --
10/26/2020 10/26/20 Under Contract -- -- --
04/21/2020 04/21/20 For Rent $2,600 +6.1% --
09/22/2018 09/22/18 Rented $2,450 -2.0% --
08/23/2018 08/23/18 Price Changed $2,500 -10.7% $2 / Sq Ft
08/09/2018 08/09/18 Price Changed $2,800 +12.0% $2 / Sq Ft
08/08/2018 08/08/18 For Rent $2,500 +8.7% --
11/09/2017 11/09/17 Rented $2,300 0.0% --
09/29/2017 09/29/17 For Rent $2,300 0.0% --
09/28/2017 09/28/17 Off Market $2,300 -- --
09/19/2017 09/19/17 For Rent $2,300 +4.5% --
08/15/2016 08/15/16 Rented $2,200 -8.3% --
07/12/2016 07/12/16 Under Contract -- -- --
11/11/2015 11/11/15 For Rent $2,400 +9.1% --
08/25/2012 08/25/12 Rented $2,200 -8.3% --
08/17/2012 08/17/12 Under Contract -- -- --
04/10/2012 04/10/12 For Rent $2,400 -- --
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 $12,226 $529,733 $61,740 $467,993
2023 $12,226 $675,000 $61,740 $613,260
2022 $9,343 $473,080 $61,740 $411,340
2021 $8,789 $403,800 $61,740 $342,060
2020 $8,243 $384,300 $43,218 $341,082
2018 $10,034 $453,215 $26,548 $426,667
2017 $10,435 $467,895 $26,548 $441,347
2016 $10,218 $458,178 $26,548 $431,630
2015 $8,270 $370,424 $26,548 $343,876
2014 $8,270 $347,492 $26,548 $320,944
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4910619

Unlock MLS (Austin Board of REALTORS®)

APN: 703549