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$508,000

NAL Estimated Property Value

40 N Interstate Hwy 35 5B3, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,288 Sq Ft
price_per_sqft$323.76 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDryer, Dishwasher, Exhaust Fan, Electric Oven, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Washer
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Lighting
Lot Size967 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN0201040216 29
Lot Number3A2
SubdivisionTowers Of Town Lake Condominiums Amended
Land UseHigh-Rise Condo/Apartment
Legal DescriptionUNT 3A2 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .420% INT IN COMMON AREA
Census Tract001103
Assessed Land Value$114,838
Assessed Improvement Value$306,923
Assessment Year2024

About this property

Live in the Heart of Downtown Austin at the Coveted Towers of Town Lake. Enjoy stunning views of Lady Bird Lake and the iconic Congress Bridge bats from your private balcony in this chic and stylish 2BD/2BA condo. With 1,288 sq ft of luminous living space, this residence blends modern updates with breathtaking scenery. The bright open floor plan connects the kitchen, dining, and living areas while still offering subtle separation between spaces. Soaring ceilings, recessed LED lighting, and a wall of windows and glass doors flood the home with natural light and seamlessly extend the living space outdoors. The contemporary kitchen features custom cabinetry with generous storage—including built-in pantry cabinets and additional shelving in the laundry room. Granite countertops, stainless steel appliances, and bar seating at the peninsula make this kitchen both functional and inviting. A dedicated dining area is perfect for hosting dinner parties before a night out on Rainey Street. The spacious primary suite offers a private ensuite bath with raised bowl sinks, granite counters, custom cabinetry, and a large walk-in closet. A separate water closet includes a walk-in shower and private toilet. The second bedroom and full bath are ideal for guests or a home office. Towers of Town Lake offers unmatched amenities: indoor and outdoor pools, a spa, fitness center, racquetball court, library, game room, and elegant gathering spaces. Residents enjoy the support of a top-tier staff known for exceptional service. You also have two, 1st level adjacent parking spaces! Located directly along Lady Bird Lake, you’ll have hike & bike trail access at your doorstep and easy walkability to restaurants & entertainment. With Downtown and East Austin just steps away and quick access to I-35, everything you need is right at your fingertips. Don’t miss this rare opportunity to own a private oasis in one of Austin’s premier condo towers—schedule your showing today!

Investor Tools

Property Icon
$508,000
Estimated Property Value
$0Estimated Mortgage Balance
$508,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,048 /month
Positive
Cash Flow Estimate:
$1,016 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$212/month
$949/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$421,761
2024
$114,838
$306,923
$421,761
No

Tax History

Year
Tax Paid
Assessed Value
2023
N/A
$421,761

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$508,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$949/mo
+$1,491/mo
5.8%

City: Austin

40 N Interstate Hwy 35 5B3 | Property Details | No Agent List