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

$819,700 Ed's Estimate: $1,569,993 $2,495,000

Lowest Comp Recommended List: $941,000 to $951,000 Highest Comp

Based on 7 closed sales in TOWERS TOWN LAKE CONDO, the data points to a value around $1,569,993 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $941,000 to $951,000. Relative to what's currently available in TOWERS TOWN LAKE CONDO, this home would be the 4th most expensive of 7 comparable homes on the market. The 155 sqft size difference versus comparable sales is reflected in the adjusted values. Current inventory shows 7 comparable homes in TOWERS TOWN LAKE CONDO; a buyer's market based on recent absorption. Market data shows TOWERS TOWN LAKE CONDO prices fallen 21.9% over the last half year. The closest comparable sale, 40 N Interstate 35, Austin TX 78701 at an adjusted $852,800, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in TOWERS TOWN LAKE CONDO. 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

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

$852,800 adjusted 40 N Interstate 35, Austin TX 78701 4bd / 3.0ba • 2,651 sqft • 0 mi Sold 8 months ago

$825,075 adjusted 40 N Interstate Highway 35, Austin TX 78701 3bd / 3.0ba • 2,651 sqft • 0 mi Sold 1 months ago

$2,250,746 adjusted 1109 Elm ST # D, Austin TX 78703 3bd / 4.0ba • 2,645 sqft • 2 mi Sold 3 months ago

$1,604,336 adjusted 1620 W 10th ST, Austin TX 78703 5bd / 4.0ba • 2,643 sqft • 2.2 mi Sold 1 months ago

$1,893,076 adjusted 800 W Lynn ST, Austin TX 78703 4bd / 3.0ba • 2,736 sqft • 2.1 mi Sold 7 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

$1,249,000 1506 W 13th ST # 11, Austin TX 78703 3bd / 3.0ba • 2,494 sqft • 2.1 mi 56 days on market

$2,495,000 70 Rainey ST # 2301, Austin TX 78701 3bd / 3.0ba • 2,851 sqft • 0.2 mi 271 days on market

4 Beds

3 Baths 3 Full

2,651 Sq Ft

0.048 Acres

1983 Built

2 Garage

About This Property

Prestigious downtown high rise condominium on Lady Bird Lake with 24 hour security and concierge on a five acre footprint. Rare opportunity to own one of the few large and expansive downtown condos at Towers of Town Lake with both city and lake views. Remodeled to the hilt with top quality materials from floor to ceiling. The four bedrooms and living areas can be configured to suit a variety of purposes. Amazing amenities. Only steps to Rainey Street and Hike & Bike Trail. Country living in the city. Sprinkler Sys:Yes

Features

Bookcases
Cedar Closet(s)
Crown Molding
Intercom
Multiple Dining Areas
Multiple Living Areas
Primary Bedroom on Main
Recessed Lighting
Track Lighting
Walk-In Closet(s)
Wired for Sound

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 Tile, Wood

Cooling Central Air, Other

Heating Central, Electric

Exterior Balcony, See Remarks

County Travis

MLS # 8040539

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,234 /Monthly

HOA Includes Common Area Maintenance, Insurance, Landscaping, Parking, Trash

Tax Information

Annual Taxes $15,580 (2018)

Listing History

MLS# 8040539 51 days

May 30, 2019	Off Market
May 8, 2019	Pending
Apr 8, 2019	Price Change	$1,090,000
Mar 18, 2019	Listed	$1,150,000

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 May 30, 2019. Contact us for sale price details.

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