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$1,163,116

NAL Estimated Property Value

40 N Interstate 35 PB1, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,651 Sq Ft
price_per_sqft$376.84 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
AppliancesBar Fridge, Dishwasher, Disposal, Dryer, Washer, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size2,073 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN0201040216 CT
Lot NumberPB1
SubdivisionTowers Of Town Lake Condominiums Amended
Land UseHigh-Rise Condo/Apartment
Legal DescriptionUNT PB1 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .901% INT IN COMMON AREA
Census Tract001103
Assessed Land Value$246,081
Assessed Improvement Value$917,035
Assessment Year2024

About this property

Rare opportunity to own a top floor penthouse at one of the city's most desirable complexes! Seller Financing Available! This unit was built for the designer of the entire complex to his specifications and has only sold one time since. With a huge living area open to the dining area and kitchen, the open concept of this unit is incredibly hard to find among Downtown condos. The living area has a balcony overlooking the city with views of Rainey St and Town Lake. Walk to town lake and Rainey street in minutes from this incredibly convenient location. Both bedrooms in this unit have large full baths attached to them and the Foyer in between them has a tastefully decorated half bath and double doors to each of the suites. In the primary suite you will find another balcony with a clear and peaceful view of Town Lake. There is also a bathtub in the room with a large window to appreciate the natural light that the top floor provides. Large walk in closets, counters and bathrooms in this unit create an incredible ambience of spaciousness. The Towers of Town Lake has been one of the city's premier complexes for a long time, with its gated 24-hour access, easy access from I-35 and close proximity to Rainey St. District and Town Lake. The community features a well equipped fitness center, racquetball court, indoor pool, outdoor pool, concierge service, business center, and much more. All of the high grade furniture can convey with a full priced offer, making your move as easy as possible. There are not many opportunities to secure a top floor penthouse, do not miss out on yours!

Investor Tools

Property Icon
$1,163,116
Estimated Property Value
$60,517Estimated Mortgage Balance
$1,102,599Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,979 /month
Positive
Cash Flow Estimate:
$2,326 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$485/month
$1,768/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,163,116
2024
$246,081
$917,035
$1,163,116
No

Tax History

Year
Tax Paid
Assessed Value
2023
N/A
$1,163,116

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Presidential Mtg Corp
N/A
$26,640
No
First
N/A
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$60,517
$1,102,599
94%
5%
$748/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$7,481,768/mo
$-7,479,328/mo
2.5%

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 PB1 | Property Details | No Agent List