40 N Interstate 35, Austin TX 78701

Austin, TX 78701 | Towers Town Lake Condo

Off Market

Exterior view of 40 N Interstate 35, Austin TX 78701

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Ed's Opinion of Value

$694,418 Ed's Estimate: $1,719,810 $2,460,370

Lowest Comp Recommended List: $778,000 to $788,000 Highest Comp

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,719,810. I'd recommend coming to market at $778,000 to $788,000 to strike the right balance between value and market velocity. Among the similar homes currently available in TOWERS TOWN LAKE CONDO, this price point stands out as competitive. Built in 1983, this home is 20 years older than the average comp, which is reflected in the adjustments. The active market in TOWERS TOWN LAKE CONDO includes 7 comparable homes priced from $819,700 to $2,240,000. The trend in TOWERS TOWN LAKE CONDO shows prices have fallen 21.9% in the past 6 months. 40 N Interstate Highway 35, Austin TX 78701 nearby adjusts to $694,418; with a larger floor plan and a pool. Based on 7 relevant data points in TOWERS TOWN LAKE CONDO, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX

TOWERS TOWN LAKE CONDO Market Trends

$437,500 Median Sold Price ▼ 21.9% 6mo

$292/sqft Median $/SqFt ▼ 5.5% 6mo

91 days Avg Days on Market 42 days faster

4 homes Active Inventory 4 mo supply

96.1% Sale-to-List Ratio

6 Sales (6 months)

Recently Sold Comparables

$694,418 adjusted 40 N Interstate Highway 35, Austin TX 78701 3bd / 3.0ba • 2,651 sqft • 0 mi Sold 1 months ago

$2,410,150 adjusted 222 West Ave # 2401, Austin TX 78701 3bd / 3.0ba • 2,227 sqft • 1.2 mi Sold 7 months ago

$2,460,370 adjusted 44 East Ave # 4603, Austin TX 78701 3bd / 3.0ba • 2,106 sqft • 0.1 mi Sold 6 months ago

$2,050,700 adjusted 222 West Ave # 2001, Austin TX 78701 3bd / 3.0ba • 2,227 sqft • 1.2 mi Sold 7 months ago

$727,492 adjusted 40 N Interstate 35, Austin TX 78701 4bd / 3.0ba • 2,651 sqft • 0 mi Sold 8 months ago

Currently on Market

$819,700 40 N Interstate 35 Highway N, Austin TX 78701 4bd / 2.0ba • 2,452 sqft • 0 mi 7 days on market

$1,900,000 70 RAINEY ST # 2606, Austin TX 78701 3bd / 3.0ba • 2,179 sqft • 0.2 mi 271 days on market

$1,838,000 84 East Ave # 3906, Austin TX 78701 3bd / 3.0ba • 2,144 sqft • 0.3 mi 54 days on market

3 Beds

3 Baths 3 Full

2,217 Sq Ft

0.037 Acres

1983 Built

2 Garage

About This Property

Rare opportunity to own one out of eight townhomes at Towers of Town Lake. spacious 3/3 with attached two car garage. Lives like a single family home. Sellers converted downstairs bedroom and storage to a gym. Living/dining have high ceilings with two story windows. Upstairs bedrooms each have own bathroom and balcony. Fresh paint. Steps away to pool and Ladybird Lake Trail. Walking distance to Rainey St or Downtown. Amenities include 24 hr concierge and security, indoor and outdoor pool, sauna, gym and weight room. Easy Lock and Leave,
You can’t get the space and location for this price!

Features

Breakfast Bar
Ceiling Fan(s)
Vaulted Ceiling(s)
Granite Counters
Eat-in Kitchen
Interior Steps
Multiple Dining Areas
Recessed Lighting
Storage
Walk-In Closet(s)

Location

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Schools

School District Austin ISD

Elementary Mathews

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring Carpet, Tile, Wood

Cooling Electric

Heating Electric

Exterior Balcony, Gutters Partial, Private Entrance, Restricted Access

County Travis

MLS # 8646013

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,074 /Monthly

HOA Includes Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Security, Trash

Tax Information

Annual Taxes $8,017 (2021)

Listing History

MLS# 8646013 148 days

Dec 15, 2021	Off Market
Oct 21, 2021	Price Change	$850,000
Jun 11, 2021	Listed	$995,000

Frequently Asked Questions About 40 N Interstate 35, Austin TX 78701

When was 40 N Interstate 35, Austin TX 78701 built?

40 N Interstate 35, Austin TX 78701 was built in 1983.

How much does 40 N Interstate 35, Austin TX 78701 cost?

40 N Interstate 35, Austin TX 78701 sold on December 15, 2021. Contact us for sale price details.

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