40 N Interstate 35 Highway, Austin TX 78701

Austin, TX 78701 | Towers Town Lake Condo

Ed's Opinion of Value

$369,563 Ed's Estimate: $964,951 $2,750,000
Lowest Comp Recommended List: $2,249,000 to $2,554,000 Highest Comp
Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $964,951. To generate strong buyer interest while maximizing value, I'd price this between $2,249,000 and $2,554,000. In the current TOWERS TOWN LAKE CONDO market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The 430 sqft size difference versus comparable sales is reflected in the adjusted values. The pool is a differentiator here, since 3 of 7 comparable sales didn't include one. Current inventory shows 7 comparable homes in TOWERS TOWN LAKE CONDO; a buyer's market based on recent absorption. 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 $761,820; with a larger floor plan. 7 comparable transactions in TOWERS TOWN LAKE CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
4 Beds
3 Baths 3 Full
2,536 Sq Ft
1983 Built
2 Garage

About This Property

Lake views! City views! One of few over 2500+ sq ft units in Towers that go all the way through building front to back. $100K in meticulous renovations by owner created one of the most unique open floorplans in the complex. Large open kitchen with cook top island. Living and dining are open the full 40' room length. This is a space built for entertaining. Guests can always easily park in over 40 guest parking spaces in surface lot & parking garage(elevator). 3 bedrooms, all with unobstructed protected views of the Lake Lady Bird & south Austin. Plus a bonus flex room (office? workroom? 4th bed?) Two elevators on Tower A serve less than 40 residents so easy & quick in & out. Enjoy the outdoors, with 5.2 acres of grounds, including an outdoor pool and an indoor pool, then walk outside perimeter you are on the 14.5 mile Ann & Roy Butler Lake Hike & Bike Trail around Lady Bird Lake. For a true luxurious 4 bed 3 full bath 2600 sq foot condo in downtown Austin, this has to be one of the best values at under $400 per sq ft. 24 hour security, top notch concierge, on site management, besides the two pools, amenities include a full fitness center & free weights, handball/squash court, billiard room, conference room, library/lounge, piano room, etc. Get to know your neighbors in this tight knit community through the many community activities. Easy egress ingress with security gates on both sides of complex.

Property Highlights

Pool In Ground, Indoor, Outdoor Pool, Private

Features

  • Elevator
  • Entrance Foyer
  • No Interior Steps
  • Open Floorplan
  • Primary Bedroom on Main
  • Track Lighting
  • Walk-In Closet(s)
  • Wet Bar

Location

Schools

School District Austin ISD
Elementary Mathews
Middle School O Henry
High School Austin

Property Details

Property Type Residential
Flooring Carpet, Tile
Cooling Central Air
Heating Central
Exterior Balcony, Restricted Access
County Travis
MLS # 6845344

Parking

Garage 2 spaces

HOA & Community

HOA Fee $1,293 /Monthly
HOA Includes Common Area Maintenance, Insurance, Landscaping, Maintenance Grounds, Maintenance Structure, Parking, Security, Sewer, Trash, Water

Tax Information

Annual Taxes $10,372 (2020)

Listing History

MLS# 6845344 47 days
Jul 14, 2021 Off Market
Mar 1, 2021 Listed $1,000,000

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

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

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

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

40 N Interstate 35 Highway, Austin TX 78701 sold on July 14, 2021. Contact us for sale price details.

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