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$621,000

NAL Estimated Property Value

40 N Interstate 35 12B4, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,459 Sq Ft
price_per_sqft$458.53 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Dryer, Electric Range, Microwave, Free-Standing Refrigerator, Washer, Electric Water Heater
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1,128 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN02010402160164
Lot NumberTH8
SubdivisionTowers Of Town Lake Condominiums Amended
Land UseHigh-Rise Condo/Apartment
Legal DescriptionUNT 12B4 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .496% INT IN COMMON AREA
Census Tract001103
Assessed Land Value$133,977
Assessed Improvement Value$487,023
Assessment Year2025

About this property

Tower of Town Lake Beauty! Enjoy the waterfront views from this 12th floor unit whether its having a glass of wine admiring the sunset or starting the day with a cup of coffee. An updated interior features a soft monochromatic palette with clean lines and an open floor plan filled with natural light. The floor plan offers each bedroom privacy with the primary bedroom and ensuite fully remodeled bath with custom cabinets, white quartz countertops and walk in closet. The renovated kitchen features custom cabinets, soapstone counters and is open to extend the view of Lady Bird Lake. Special features include hardwood and tile floors, recessed lighting, all glass to outside has been replaced but one window and an invisible screen door. In addition to 6 acres of landscaped grounds that are fully fenced and perfect for pet walking, amenities include: 24 hr concierge/security with gated access/on site property management/2 reserved parking places/on site guest parking/indoor heated pool, jacuzzi with party area/outdoor pool/steam and sauna rooms/weight room/ cardio fitness room/indoor basketball/racquetball court/library/piano lounge/billiards room. Prime location with direct access to 10 mile Hike and Bike trail, walking distance to downtown, one block from Rainey Street Entertainment District and 15 minutes to the Airport. Note: All lake and sunset views are taken from the owners balcony by the owner.

Investor Tools

Property Icon
$621,000
Estimated Property Value
$0Estimated Mortgage Balance
$621,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,014 /month
Positive
Cash Flow Estimate:
$1,338 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$935/month
$773/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,117
$621,000
2025
$133,977
$487,023
$621,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,117
$621,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$621,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$773/mo
+$1,667/mo
4.7%

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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