1500 Summit ST # 5, Austin TX 78741

Austin, TX 78741 | Elmhurst Of Lts &6

Ed's Opinion of Value

$830,427 Ed's Estimate: $830,427 $1,903,299
Lowest Comp Recommended List: $814,000 to $847,000 Highest Comp

Listing History

$730,000 List Price
$1,457,731 Comp Value
1 Price Reductions

This property was listed at $730,000 and withdrawn after 402 days on market. The price was reduced from $870,000 to $849,000. This listing activity factors into the valuation.

Taking into account 7 nearby comparable sales, this property's estimated value comes to $830,427. If we were to list this property today, I'd recommend a list price in the $814,000 to $847,000 range. Relative to what's currently available in ELMHURST OF LTS &6, this home would be the most affordable of 7 comparable homes on the market. Being built in 2008 (23 years newer than comps) is factored into the value estimate. Lot size matters here: 0.60 acres versus 0.15 for the typical comp. The strength of this estimate comes from 7 directly comparable sales in ELMHURST OF LTS &6. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group
3 Beds
4 Baths 3 Full, 1 Half
2,515 Sq Ft
0.6 Acres
2008 Built
1 Garage

About This Property

Seller financing available. 20% down, 7.75% interest with the option to be fixed, 30-year amortization, 5-year balloon. In a market where conventional condo financing has tightened up significantly, this is the rare downtown-adjacent home where a buyer can actually get the deal done.1500 Summit #5 sits on the edge of 78741 in the Riverside pocket, less than 2 miles from downtown Austin and walking distance to the Lady Bird Lake Trail right out the back door. Downtown is about 5 minutes by car, Rainey Street and the East Austin food scene are minutes away, ABIA is roughly 10 minutes south, Zilker Park about 10 minutes west, and The Domain around 20 minutes north outside of rush hour.This is one of the most extensively remodeled units in the complex. Three stories,three bedrooms, three full baths and a half bath, freshly repainted top to bottom and move-in ready. The standout feature is the private rooftop balcony with unobstructed downtown skyline views, the kind of outdoor space most condos in this price range simply don't offer. Inside, smart home technology includes a SimpliSafe alarm system, smart thermostat, and motorized blackout shades in the primary suite. The kitchen anchors the main level with a large island and built-in gas range. The primary suite occupies its own floor on the third level for true separation, with two additional bedrooms below giving the layout real flexibility for guests, an office, or a roommate setup.The community is gated with 24-hour surveillance and secure automatic gate access, one of the few like it this close to downtown. HOA covers all exterior maintenance, roof, common areas, and insurance, so ownership stays simple and predictable. Zoned to Travis Heights Elementary.

Features

  • Ceiling Fan(s)
  • Interior Steps
  • Kitchen Island
  • Smart Thermostat
  • Walk-In Closet(s)

Location

Schools

School District Austin ISD
Elementary Travis Hts
Middle School Lively
High School Travis

Property Details

Property Type Residential
Flooring Concrete, Tile, Wood
Cooling Ceiling Fan(s), Central Air
Heating Central, Natural Gas
Exterior Balcony, Private Entrance, Restricted Access
County Travis
MLS # 3948455
Garage 1 spaces

HOA & Community

HOA Fee $300 /Monthly
HOA Includes Common Area Maintenance, Insurance, Landscaping, Trash, See Remarks

Tax Information

Annual Taxes (MLS) $8,258 (2024)

Listing History

MLS# 7946155 9 days
Jun 30, 2026 Price Change $4,500
Jun 20, 2026 Listed $4,995

Frequently Asked Questions About 1500 Summit ST # 5, Austin TX 78741

When was 1500 Summit ST # 5, Austin TX 78741 built?

1500 Summit ST # 5, Austin TX 78741 was built in 2008.

How much does 1500 Summit ST # 5, Austin TX 78741 cost?

1500 Summit ST # 5, Austin TX 78741 is currently off market.

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