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$885,000

40 N Interstate 35 Highway Unit 5A1, Austin, TX, 78701

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths3 Bath
Baths1,743 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$507.75 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesBuilt In Oven, Dishwasher, Electric Cooktop, Ice Maker, Microwave, Refrigerator, Stainless Steel Appliances
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1,359 sqft

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APN02010402160059
Lot Number2B1
SubdivisionTowers Of Town Lake Condominiums Amended
Land UseHigh-Rise Condo/Apartment
Legal DescriptionUNT 5A1 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .593% INT IN COMMON AREA
Census Tract001103
Assessed Land Value$161,320
Assessed Improvement Value$759,706
Assessment Year2025

About this property

OVERSIZED LAYOUT + A CUSTOM FLOOR PLAN /// Residence 5A1 at Towers of Town Lake offers 1,743 SF per tax record, two bedrooms, a separate office and 2.5 baths for $885,000. Set on the fifth floor of the coveted A tower, this corner residence combines generous living and dining areas with a sunny breakfast nook and a dedicated workspace. /// WINDOWS WRAP THE CORNER /// Floor-to-ceiling glass frames views of Lady Bird Lake and the neighboring park, with city views adding to the corner setting. A long glass-rail balcony offers a place for morning coffee or an evening overlooking the lake and park. /// TWO BEDROOMS + A SEPARATE OFFICE /// Bedrooms on opposite sides offer privacy. Glass French doors open to a library-study with floor-to-ceiling bookshelves, leaving both bedrooms available for residents and guests. Walk-in closets, two full baths, a separate powder room and a dedicated laundry room support everyday living. /// KITCHEN + GATHERING SPACES /// The white kitchen features granite counters and backsplash, a peninsula cooktop and stainless appliances. Connected living and dining areas accommodate gatherings, while the window-lined breakfast nook offers another place to enjoy the view. Polished tile and plantation shutters complete the interiors. /// ESTABLISHED COMMUNITY + EXTENSIVE AMENITIES /// Towers of Town Lake pairs an established lakefront setting with an exterior renovated in recent years. Gated grounds offer indoor and outdoor pools, spa, sauna, fitness center, sport court, billiards, library and concierge service. Two assigned garage parking spaces add everyday convenience. /// PARKSIDE SETTING + DOWNTOWN CONNECTIONS /// Enjoy the neighboring park and Ann and Roy Butler Hike-and-Bike Trail, with East Avenue access connecting the community to coffee, dining and the Rainey Street neighborhood.

Investor Tools

$0Estimated Mortgage Balance
$921,026Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,526 /month
Positive
Cash Flow Estimate:
$1,842 /month

Interested in this property?

Bryan Cady

DEN Property Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$802/month
$1,368/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,014
$921,026
2025
$161,320
$759,706
$921,026
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,014
$921,026

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mellon Mtg Company
Commercial
$119,750
No
First
Jan 12, 1996
Feb 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$921,026
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,130/mo
$1,368/mo
+$1,762/mo
4.1%

City: Austin

40 N Interstate 35 Highway Unit 5A1 | Property Details | No Agent List