40 N Interstate 35, Austin TX 78701

Austin, TX 78701 | Towers Town Lake Condo

Off Market

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Ed's Opinion of Value

$819,700 Ed's Estimate: $1,569,996 $2,495,000

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

The market data from 7 similar recent sales in TOWERS TOWN LAKE CONDO points to a value of approximately $1,569,996. To sell within a reasonable timeframe at fair market value, the $941,000 to $951,000 range is where I'd position this. In the current TOWERS TOWN LAKE CONDO market with 7 similar homes available, this price represents 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. There are currently 7 similar homes on the market in TOWERS TOWN LAKE CONDO, ranging from $819,700 to $2,995,000. In TOWERS TOWN LAKE CONDO, home values have fallen approximately 21.9% over the past 6 months. One of the strongest data points is 40 N Interstate 35, Austin TX 78701, adjusting to $852,800; a strong comparable. 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

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

$2,250,728 adjusted 1109 Elm ST # D, Austin TX 78703 3bd / 4.0ba • 2,645 sqft • 2.1 mi Sold 3 months ago

$1,604,312 adjusted 1620 W 10th ST, Austin TX 78703 5bd / 4.0ba • 2,643 sqft • 2.2 mi Sold 1 months ago

$1,893,331 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 • 0.3 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

Fabulous views of Downtown Austin and Town Lake from every room and private balcony. Largest available unit with 4 bedrooms AND a study. Wood and travertine flooring along with silestone counters. Great storage and room with 2nd fridge and freezer. DT living at its best. Building has unbeatable amenities such as 24 hour concierge, hike and bike trails, indoor and outdoor pools, 2 work out rooms w/ racquetball court, library, billiard room, lounge and more.2 covered parking spaces in garage. Restrictions: Yes Sprinkler Sys:Yes

Features

Breakfast Bar
Elevator
Multiple Dining Areas
Primary Bedroom on Main
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, Stone, Tile, Wood

Cooling Central Air

Heating Central

Exterior Elevator, See Remarks

County Travis

MLS # 4344419

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,017 /Monthly

HOA Includes Cable TV, Maintenance Structure, Sewer, Trash, Water

Tax Information

Annual Taxes $6,205 (2011)

Listing History

MLS# 4344419 4 days (115 CDOM)

Jan 10, 2012	Off Market
Dec 19, 2011	Pending
Dec 15, 2011	Listed	$525,000

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 January 10, 2012. Contact us for sale price details.

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