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

$338,698 Ed's Estimate: $582,417 $795,000

Lowest Comp Recommended List: $449,000 to $459,000 Highest Comp

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $582,417. I'd recommend coming to market at $449,000 to $459,000 to strike the right balance between value and market velocity. In the current TOWERS TOWN LAKE CONDO market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. With 7 similar homes currently listed in TOWERS TOWN LAKE CONDO (a buyer's market), competition is a factor to consider. The trend in TOWERS TOWN LAKE CONDO shows prices have fallen 21.9% in the past 6 months. 40 N Interstate 35 EXPY, Austin TX 78701 nearby adjusts to $338,698; a strong comparable. Based on 3 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

$338,698 adjusted 40 N Interstate 35 EXPY, Austin TX 78701 2bd / 2.0ba • 1,459 sqft • 0.1 mi Sold 9 days ago

$710,185 adjusted 1201 Castle Hill ST # 105, Austin TX 78703 2bd / 2.0ba • 1,389 sqft • 1.8 mi Sold 5 months ago

$776,253 adjusted 1502 W 5th ST # H2, Austin TX 78703 3bd / 2.0ba • 1,470 sqft • 2 mi Sold 23 days ago

Currently on Market

$539,000 40 N Interstate 35, Austin TX 78701 2bd / 2.0ba • 1,533 sqft • 0 mi 94 days on market

$435,000 40 N Interstate 35 Highway, Austin TX 78701 2bd / 2.0ba • 1,459 sqft • 0 mi 252 days on market

$795,000 1506 W 13th ST # 1, Austin TX 78703 2bd / 2.0ba • 1,462 sqft • 2.1 mi 137 days on market

2 Beds

2 Baths 2 Full

1,533 Sq Ft

0.028 Acres

1983 Built

2 Garage

About This Property

Downtown living where Ladybird Lake trail, East Austin, Rainey Street, and I35 converge. Attractive flooring and bathroom updates with beautiful built-in storage and neutral style choices. Simply the most affordable condo price, per sq. ft. in 78701 with two pools, two gyms, two parking spots, gated, doorman, rec room, updated common area, friendly original-Austin neighbors.FEMA - Unknown Restrictions: Yes

Features

Primary Bedroom on Main

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 Wood

Cooling Central Air

Heating Electric

Exterior None

County Travis

MLS # 6767695

Parking

Garage 2 spaces

HOA & Community

HOA Fee $607 /Monthly

HOA Includes Cable TV, Sewer, Trash, Water, See Remarks

Tax Information

Annual Taxes $6,223 (2014)

Listing History

MLS# 6767695 183 days (305 CDOM)

Jun 7, 2016	Off Market
Jun 7, 2016	Pending
Oct 16, 2015	Listed	$429,000

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 June 7, 2016. Contact us for sale price details.

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