40 N Interstate 35, Austin TX 78701
Austin, TX 78701 · Towers Town Lake Condo Amd
Condominium for sale in Towers Town Lake Condo Amd
Overview
Property Description
South facing unit, third floor in "B" Building which is the second in from Rainey Street (third building away from IH35). Amenities include one indoor/one outdoor pool, a cardio exercise room, weight room, library, meeting rooms, billiard room, racketball court. Walk through gate and cross street to Lady Bird Lake hike & bike trails. Watch the bats emerge out from under the Congress Ave bridge from your balcony and enjoy beautiful sunsets. Two assigned parking spaces (one covered)
Financial Info
- Price
- $364,900
- $ / Sqft
- $283
- HOA
- Yes - Mandatory / $1,011 / Monthly
- HOA Name
- Somerset Association Management
- HOA Includes
- Common Area Maintenance, Maintenance Grounds, Maintenance Structure, Security, Sewer, Trash, Water
- Tax Rate
- 1.9818%
- Est. Taxes
- $8,303
- Tax Year
- 2025
- Exemptions
- Homestead
Legal Info
- Address
- 40 N Interstate 35
- County
- Travis
- City
- Austin
- State
- TX
- Zip
- 78701
- Subdivision
- Towers Town Lake Condo Amd
- Legal Description
- UNT 3B3 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .438% INT IN COMMON AREA
- Parcel
- 02010402160033
Interior Features
- Floor
- Tile
- Num Living
- 1
- Dining
- 1
- Appliances
- Dishwasher, Disposal, Free-Standing Electric Oven, Free-Standing Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Electric Water Heater
- Laundry
- Laundry Closet, Main Level
- Master Bed
- Double Vanity
- Master Main
- Yes
- Interior Features
- Bar, Ceiling Fan(s), Double Vanity, Electric Dryer Hookup, Elevator, 24 Hour Security, Building Security, Gated with Guard, Insulated Windows, Tinted Windows, Window Coverings
General Info
- Beds
- 2 Total / 2 Main Level
- Full / Half Baths
- 2 / 0
- Prop Type
- Residential
- Property Type
- Condominium
- Stories
- 1
- Year Built
- 1983 / Resale
- Square Feet
- 1,288 / Public Records
- Garages
- 2
- Garage Desc
- Assigned, Garage
- Foundation
- Slab
- Roof
- Membrane
- Construction
- Masonry – All Sides
- Acres
- 0.02
- Lot Description
- Back to Park/Greenbelt, Landscaped, Views
- Restrictions
- City Restrictions, Covenant, Deed Restrictions
- Flood Plain
- No
- View
- Lake, Park/Greenbelt
- Water Access
- Yes
- Waterfront
- Yes
- Area
- DT
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Available, Electricity Connected, Internet-Cable, Internet-Fiber, Natural Gas Not Available, Sewer Connected, Water Connected
- Heat
- Central, Electric
- A C
- Central Air
Exterior Features
- Fence
- Gate
- Exterior Features
- Balcony, Restricted Access, Rear Porch, Terrace
- Pool On Property
- No
- Area Amenities
- Business Center, Cluster Mailbox, Common Grounds, Concierge, Conference/Meeting Room, Controlled Access, Covered Parking, Fitness Center, Garage Parking, Gated, Google Fiber, Hot Tub Community, Lake, Library, Lounge, Racquetball
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Oct 27, 2026 | Price Decrease | $364,900−$4,100 (−1.1%) | −$4,100 (−1.1%) |
| Jul 20, 2026 | Price Decrease | $369,000−$40,000 (−9.8%) | −$40,000 (−9.8%) |
| May 5, 2026 | Price Decrease | $409,000−$10,000 (−2.4%) | −$10,000 (−2.4%) |
| Mar 3, 2026 | New Listing | — |
Taxes
No safe current-year residential account match is available.
Informational estimate, not a tax bill or taxes paid. Exemptions and tax ceilings can make taxes differ from the combined rate multiplied by one taxable value. PID assessments and other special charges are excluded; collector coverage has not been established.
Source: Travis County
- Owner
- SHEPPARD THOMAS J
- Legal
- UNT 3B3 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .438% INT IN COMMON AREA
- Geo ID
- prop:188063
- Acreage
- 0.02
- Exemption Type
- Homestead
- MLS estimated annual taxes
- $8,303
- MLS tax year
- 2025
Older years use the legacy CAD source and may differ from final bills. Annual estimates appear only when supplied by that source; rates and taxes paid are not included in these appraisal records.
| Year | Land | Improvements | Market | Assessed | Annual Tax Estimate |
|---|---|---|---|---|---|
| 2025 | $120,306 | $367,940 | $488,246 | $488,246 | — |
Source: Travis County
Schools
School Info
- District
- Austin ISD
- Elementary
- Mathews
- Middle
- O Henry
- High
- Austin
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$2,841 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $2,841
- Principal & interest
- $1,845
- Property taxes
- $692
- Homeowners insurance
- $304
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $291,920 | $3,263 | $18,879 | $288,657 | |
| 2 | $288,657 | $3,481 | $18,660 | $285,176 | |
| 3 | $285,176 | $3,715 | $18,427 | $281,461 | |
| 4 | $281,461 | $3,963 | $18,178 | $277,498 | |
| 5 | $277,498 | $4,229 | $17,913 | $273,269 | |
| 6 | $273,269 | $4,512 | $17,630 | $268,757 | |
| 7 | $268,757 | $4,814 | $17,327 | $263,943 | |
| 8 | $263,943 | $5,137 | $17,005 | $258,807 | |
| 9 | $258,807 | $5,481 | $16,661 | $253,326 | |
| 10 | $253,326 | $5,848 | $16,294 | $247,478 |
- Year 1$288,657
- Principal paid
- $3,263
- Interest paid
- $18,879
- Starting balance
- $291,920
- Year 2$285,176
- Principal paid
- $3,481
- Interest paid
- $18,660
- Starting balance
- $288,657
- Year 3$281,461
- Principal paid
- $3,715
- Interest paid
- $18,427
- Starting balance
- $285,176
- Year 4$277,498
- Principal paid
- $3,963
- Interest paid
- $18,178
- Starting balance
- $281,461
- Year 5$273,269
- Principal paid
- $4,229
- Interest paid
- $17,913
- Starting balance
- $277,498
- Year 6$268,757
- Principal paid
- $4,512
- Interest paid
- $17,630
- Starting balance
- $273,269
- Year 7$263,943
- Principal paid
- $4,814
- Interest paid
- $17,327
- Starting balance
- $268,757
- Year 8$258,807
- Principal paid
- $5,137
- Interest paid
- $17,005
- Starting balance
- $263,943
- Year 9$253,326
- Principal paid
- $5,481
- Interest paid
- $16,661
- Starting balance
- $258,807
- Year 10$247,478
- Principal paid
- $5,848
- Interest paid
- $16,294
- Starting balance
- $253,326
Nearby
Courtesy of DENNY HOLT REALTORS · (512) 694-1103
Listings courtesy of ACTRIS as distributed by MLS GRID.