NOT LISTED FOR SALE

Estimated Value: $7,581,354

0.94 Acre
$8,065,270 Price per Acre
40,946 Sq Ft Lot

Last Sold July 06, 2012

Current estimated payment $50,355/month

144 Days on Market

Highlights

  • Lake On Lot
  • Lake View
  • Level Lot
  • Highland Park Elementary School Rated A
  • Property is near a canal

About This Lot

As of July 2012

Lake Austin downtown waterfront located in Austin's MOST EXCLUSIVE gated neighborhood (The Island at Mt. Bonnell). Ready to build - ideal setting for your custom home. Design study/floor plans available. This is as good as life gets! Approximately 1 acre lot supports home from 3,000 to 13,000+ sq ft! Great elevation (half flat, half hill) enabling both great views and gentle sloping waterfront. It has 165 ft of waterfront., 2 boat slips.

Last Agent to Sell the Property

Shenoah Grove

Hippie Hollow Realty License #0518223 Listed on: 01/23/2012

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $120,944

Lot Details

HOA Fees

  • $200 Monthly HOA Fees

Additional Features

  • Lake Views
  • Level Lot
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 01290705160000
  • 2% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance

Recreation

  • Property is near a canal
  • Lake On Lot

Property Details

Property Type

Land

Est. Annual Taxes

$120,944

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Lot
  • Property Sub Type: Single Lot
  • Architect Approved: No
  • Builder Restricted: No
  • Restrictions: Yes
  • Restrictions Type: Building Size, City Restrictions, Deed Restrictions
  • Ratio Close Price By List Price: 0.99910
  • Ratio Close Price By Original Li: 0.55500
  • Ratio Current Price By Lot Size: 1058262.71
  • Special Features: None

Interior Features

  • View: Lake/River
  • Improvements: See Agent, Public Water, Utilities-Electric
  • Region: Austin - Central

Exterior Features

  • Waterfront: Yes
  • Waterfront Description: Canal
  • Water Access Description: Boat Slip, Lake
  • Livestock: No
  • Body Of Water: Lake Austin
  • Easements: See Agent

Utilities

  • Sewer: City At Street
  • Utilities: Electricity Available
  • Water Source: City

Condo/Co-op/Association

  • Gated Community: Yes
  • HOA: Yes
  • HOA Fee Includes: Common Area Maintenance, See Agent
  • Association Fee Frequency: Annually
  • Association Fee: 2400
  • H O A Requirement: Mandatory

Schools

  • School District: Austin ISD
  • School District: Austin ISD
  • Elementary A: Highland Park (Austin Isd)
  • Middle Intermediate School: Lamar (Austin Isd)
  • High School: Austin

Lot Info

  • F E M A100 Yr Flood Plain: See Agent
  • Lot Features: Canal (Man Made), Lake On Lot, Level, Sloped
  • Lot Size Area: 0.944
  • Surface Water: No
  • Tear Downon Property: No
  • Topography: Sloping
  • Type of Home Allowed: Approval Required, Site Built
  • Zoning: Yes
  • Parcel Number: 01290705160000
  • M A P S C O Grid: B
  • M A P S C O Page: 554

Tax Info

  • Actual Tax: 30467.67
  • Tax Rate: 2.31690000000000
  • Tax Amount: 30467.67
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2021
Sold by
Kristen Mark
Bought by
Island Cove Trust and Giordani
Current Estimated Value
$7,581,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,533,909
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$3,047,445

Purchase Details

Closed on
Jun 15, 2015
Sold by
Zella Investments Llc
Bought by
Kristen Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 23, 2012
Closed on
Jul 9, 2012
Sold by
Grove Phillip M
Bought by
Zella Invest Llc
Seller's Agent
Shenoah Grove
Hippie Hollow Realty
Buyer's Agent
Realty Pros of Texas
List Price
$1,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.47%

Purchase Details

Closed on
Dec 28, 2007
Sold by
Moore Theresa Lynn
Bought by
Grove Phillip M

Purchase Details

Closed on
Sep 30, 1999
Sold by
Austin Lake Island Estates Llc
Bought by
Grove Phillip
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
Island Cove Trust -- None Listed On Document
Kristen Mark -- None Available
Zella Invest Llc -- Independence Title
Grove Phillip M -- Texas American Title Company
Grove Phillip -- Austin Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Island Cove Trust $5,000,000
Previous Owner Kristen Mark $980,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2012 07/06/12 Sold -- -- --
06/15/2012 06/15/12 Pending -- -- --
01/23/2012 01/23/12 For Sale $1,800,000 -- --
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 $120,944 $6,293,263 $3,300,750 $2,992,513
2023 $120,944 $5,656,442 $2,420,550 $3,235,892
2022 $118,841 $6,017,491 $2,420,550 $3,596,941
2021 $92,414 $4,245,654 $2,420,550 $1,825,104
2020 $74,290 $3,463,600 $2,420,550 $1,043,050
2018 $53,591 $2,420,550 $2,420,550 $0
2017 $34,215 $1,534,189 $1,534,189 $0
2016 $34,215 $1,534,189 $1,534,189 $0
2015 $31,295 $1,534,189 $1,534,189 $0
2014 $31,295 $1,315,019 $1,315,019 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 9127055

Unlock MLS (Austin Board of REALTORS®)

APN: 474416