1801 Lavaca ST # 1B, Austin TX 78701

Austin, TX 78701 | Cambridge Condo

Ed's Opinion of Value

$606,100 Ed's Estimate: $1,082,560 $2,350,000
Lowest Comp Recommended List: $1,804,000 to $1,853,000 Highest Comp
Reviewing the most recent comparable transactions, this home's market value falls around $1,082,560. For a well positioned listing in CAMBRIDGE CONDO, I'd target the $1,804,000 to $1,853,000 range. In the current CAMBRIDGE CONDO market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The 1964 construction puts this home 15 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.04 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in CAMBRIDGE CONDO; a buyer's market based on recent absorption. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 1801 Lavaca ST # 9J, Austin TX 78701, with an adjusted value of $1,062,636; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group
0 Beds
0 Baths
2,123 Sq Ft
1964 Built
5 Garage

About This Property

Rare downtown commercial office space for sale that can be also converted into a residence or live + work at the prestigious & historic Cambridge Tower. It is one of the most iconic buildings near the Capitol Complex In the center of it all but away from the hustle & bustle in the heart of The Arts District. It is currently designed as an open office; however, Alter Studio, an award–winning, architecture & design firm (also located in the building), has designed a one–of–a–kind residential loft (see renderings). This offering comes with five parking spaces » Nowhere else will you find the convenience of a ground–floor downtown Austin commercial address combined with the amenities of a luxury residential building that has the possibility of being converted into a bespoke residential loft (pending HOA approval). The space has an authentic loft feel with exposed concrete ceilings & large windows that are difficult to replicate anywhere else within the city limits. Utilize the 2,123 SF open floor plan to record your next album or launch your next start-up or host exclusive tailgate events by the pool before enjoying the short walk to DKR Texas Memorial Stadium » As part of the Cambridge Tower’s association, you have access to a range of amenities, including a new, soon–to–be–renovated lobby designed by alterstudio, 24/7 concierge, owner’s lounge & auxiliary conference room, fitness center, pool, rooftop garden & 5 reserved parking spaces in the limited-access underground parking garage. With only 4 commercial spaces in the building, you'll experience a tranquil & professional atmosphere » In addition, the center of gravity of downtown Austin is shifting north with significant investment in the neighborhood including but not limited to the upcoming MD Anderson Center & Dell Medical Center, Moody Amphitheater at Waterloo Park, the New Texas Mall, the new Moody Center & Austin's Innovation District. Seize this rare opportunity to work/live in the heart of the new downtown!

Features

  • See Remarks

Location

Schools

School District Austin ISD
Elementary Pease
Middle School Martin
High School Austin

Property Details

Property Type Commercial Sale
Flooring See Remarks
Cooling Other
Heating None
Exterior None
County Travis
MLS # 6611977

Parking

Garage 5 spaces

HOA & Community

HOA Fee $1,889 /Monthly
HOA Includes Cable TV, Common Area Maintenance, Electricity, Heat, Hot Water, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Parking, Security, Sewer, Trash, Utilities, Water

Tax Information

Annual Taxes $9,665 (2023)

Listing History

MLS# 6611977 186 days
May 21, 2024 Off Market
Jan 16, 2024 Price Change $995,000
Oct 6, 2023 Listed $1,000,000

Frequently Asked Questions About 1801 Lavaca ST # 1B, Austin TX 78701

When was 1801 Lavaca ST # 1B, Austin TX 78701 built?

1801 Lavaca ST # 1B, Austin TX 78701 was built in 1964.

How much does 1801 Lavaca ST # 1B, Austin TX 78701 cost?

1801 Lavaca ST # 1B, Austin TX 78701 sold on May 21, 2024. Contact us for sale price details.

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