$324,900
SOLD JUL 3, 2012
Last list price

5700 W Gate Blvd Unit A Austin, TX 78745

Cherry Creek Neighborhood
-- Bed
-- Bath
3,481 Sq Ft
0.6 Acres

Recently Sold

$93 Per Sq Ft

7 Days on Market

Highlights

  • 0.6 Acre Lot
  • No HOA
  • Living Room
  • Sunset Valley Elementary School Rated A-
  • Covered Patio or Porch
  • Laundry in multiple locations

About This Home

As of July 2012

Recent construction on almost 2/3 acre (!) across the street from Central Market. This building and lot is, in our opinion, the finest duplex on the largest lot in Central/South Austin, and these buildings have sold upwards of $350,000. High end finishes, great garages and open space, and some of the largest units in Austin. Units should rent for at least $1500/mo each, or would make great owner-occupant home, as one tenant is vacating soon.Restrictions: Unknown

Last Agent to Sell the Property

Adrienne Laosa

Treaty Oak Property Management License #0616163 Listed on: 05/17/2012

Last Buyer's Agent

anthony dell'abate

JBGoodwin REALTORS LT License #0424332

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,409

Year Built

  • Built in 2002

Lot Details

  • 0.6 Acre Lot
  • Privacy Fence
  • Wood Fence

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,481 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laminate Flooring
  • Laundry in multiple locations

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • Covered Patio or Porch

Schools

  • Sunset Valley Elementary School
  • Covington Middle School
  • Crockett High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • No Utilities
  • Separate Water Meter

Community Details

  • No Home Owners Association
  • 2 Units
  • Aries Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04121508090000
  • 2% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,409

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Building Area Total: 3481.00
  • Restrictions: None
  • Unit Mix: 3/2.5
  • Year Built: 2002
  • Directions: Take South Lamar. Right on Westgate Blvd. Destination will be on right.
  • Estimated Taxes: 6792.57
  • FEMA Flood Plain: No
  • Fencing: Privacy, Wood
  • Guest Accommodation Description: None
  • Levels: Two
  • Living Area: 3481.00
  • New Loan Amount: 297000
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Pantry
  • Laundry Location: Multiple Locations
  • Flooring: Laminate
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Property Condition: Resale, See Remarks
  • Security Features: None
  • Spa Features: None

Exterior Features

  • Exterior Features: None
  • Roof: Composition
  • Foundation: Slab
  • Patio And Porch Features: Covered
  • Pool Features: None
  • Private Pool: No
  • View: No
  • Waterfront Features: None

Garage/Parking

  • Total Covered Spaces: 4.00
  • Parking Features: Garage Door Opener

Utilities

  • Sewer: Public Sewer
  • Utilities: None
  • Heating: Central, Natural Gas
  • Meter Description: Electric Separate, Gas Separate, Water Separate
  • Water Source: Public
  • Cooling: Central Air

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • School District: Austin ISD
  • Elementary School: Sunset Valley
  • High School: Crockett
  • Middle/Junior School: Covington

Lot Info

  • Lot Features: None
  • Parcel Number: 04121508090000
  • Lot Size Acres: 0.6030
  • Lot Size Sq Ft: 26266.68
  • Subdivision Name: Aries Place

Rental Info

  • Furnished: Unfurnished
  • Total Actual Rent: 2675.00
  • Pets Allowed: No

Building Info

  • Construction Materials: Brick Veneer, Frame

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Filled Sqft Total: 3481
  • Tax Rate: 2.31690000000000
  • Tax Year: 2011
  • Tax Annual Amount: 6409.16
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2012
Closed on
Jul 2, 2012
Sold by
Armstrong Jeffrey
Bought by
Ho Jonathan
Seller's Agent
Adrienne Laosa
Treaty Oak Property Management
Buyer's Agent
anthony dell'abate
JBGoodwin REALTORS LT
List Price
$324,900
Current Estimated Value
$821,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%
Original Mortgage
$296,417
Outstanding Balance
$205,386
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$616,403

Purchase Details

Closed on
Apr 30, 2007
Sold by
Thomason Eric Ronald and Thomason Rebekah Lynn
Bought by
Armstrong Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2004
Sold by
Myers Paul V and Myers Karen A
Bought by
Thomason Ronald and Thomason Rebekah Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 2003
Sold by
Myers Paul V and Myers Karen A
Bought by
Thomason Eric Ronald and Thomason Rebekah Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7.75%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Vendors Lien -- None Available
Vendors Lien -- First American Title
Vendors Lien -- Atc
Contract Of Sale $295,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $296,417 FHA
Previous Owner $32,000 Purchase Money Mortgage
Previous Owner $206,500 Purchase Money Mortgage
Previous Owner $285,000 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2020 03/13/20 Rented $2,000 +5.3% --
03/13/2020 03/13/20 Price Changed $1,900 -5.0% $1 / Sq Ft
03/05/2020 03/05/20 Price Changed $2,000 -4.8% $1 / Sq Ft
02/26/2020 02/26/20 Price Changed $2,100 -8.7% $1 / Sq Ft
02/20/2020 02/20/20 For Rent $2,300 +27.8% --
07/21/2016 07/21/16 Rented $1,800 0.0% --
07/21/2016 07/21/16 Under Contract -- -- --
07/01/2016 07/01/16 For Rent $1,800 0.0% --
06/28/2015 06/28/15 Rented $1,800 0.0% --
06/28/2015 06/28/15 Under Contract -- -- --
06/18/2015 06/18/15 For Rent $1,800 0.0% --
07/03/2012 07/03/12 Sold -- -- --
05/24/2012 05/24/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $324,900 -- $93 / 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 $13,871 $662,580 $378,000 $284,580
2023 $11,567 $639,324 $364,500 $274,824
2022 $15,228 $771,077 $405,000 $366,077
2021 $11,972 $550,000 $210,000 $340,000
2020 $10,748 $501,100 $210,000 $291,100
2018 $9,301 $420,116 $175,000 $245,116
2017 $8,587 $385,049 $60,000 $325,049
2016 $9,362 $419,805 $60,000 $359,805
2015 $7,450 $308,800 $54,000 $254,800
2014 $7,450 $313,045 $54,000 $259,045
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4505004

Unlock MLS (Austin Board of REALTORS®)

APN: 510870