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$959,602

NAL Estimated Property Value

40 N Interstate 35 Highway 11A2, Austin, TX, 78701

$993,606 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,536 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$378.55 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesOven, Bar Fridge, Cooktop, Dryer, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1,978 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN02010402160147
Lot Number2A4
SubdivisionTowers Of Town Lake Condominiums Amended
Land UseHigh-Rise Condo/Apartment
Legal DescriptionUNT 11A2 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .861% INT IN COMMON AREA
Census Tract001103
Assessed Land Value$235,143
Assessed Improvement Value$724,459
Assessment Year2025

About this property

Lake views! City views! One of the few front to back units with approx 2600 sq ft at The Towers. Want great value downtown? Remodeled luxurious 4 bed 3 full bath at under $400 per sq ft. Most unique floorplan in this complex. Built to seriously entertain. Easily accommodates 30-40 guests at once. Kitchen opens with cook top island, loads of serving space, and a very entertaining bar area. Living and dining room opens the full 40' room length. All your outside guests can easily park in over 40 secure guarded parking spaces in surface lot & parking garage. Three bedrooms have unobstructed protected views of the Lady Bird Lake. Plus a bonus flex room for office, workroom, 4th bedrm. No waiting for elevators. Two elevators serve each tower. Tower A two elevators serve only 42 residents so no waiting and easy quick in & out. 5.2 acres of grounds to enjoy outdoor. Just outside perimeter is the 14.5 mile hike & bike trail around the lake. Outdoor pool, heated indoor pool, sauna/spa, hot tub, full fitness center & free weight rooms, handball/squash court, billiard room, conference room, library/lounge, piano room, etc. 24 hour on-site security monitor entire complex. Top notch concierge, on site management. Community share many community activities. Easy ingress egress - security gates on both sides of complex. No pets over 30lbs. Rentals restricted.

Investor Tools

Property Icon
$959,602
Estimated Property Value
$497,798Estimated Mortgage Balance
$461,804Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$993,605
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,760 /month
Positive
Cash Flow Estimate:
$1,920 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,027/month
$1,344/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,525
$959,602
2025
$235,143
$724,459
$959,602
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,525
$959,602

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Geneva Financial Llc
Conventional
$548,250
No
First
Jul 14, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$497,798
$461,804
48%
52%
$3,288/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,630/mo
$4,632/mo
$-1,002/mo
4.5%

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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40 N Interstate 35 Highway 11A2 | Property Details | No Agent List