ActiveMLS #1469576
40 N Interstate 35, Austin TX 78701
Austin, TX 78701 · Towers Town Lake Condo Amd
Condominium for sale in Towers Town Lake Condo Amd
$419,000
$369,000
2Bedrooms
2Bathrooms
1,288Square Ft
0.02Acres
2Garage
1983Year Built
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
- $369,000
- $ / Sqft
- $286
- 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
Members only
Days on market
−$50,000 (−11.9%)
$419,000 → $369,000
2
Price reductions
Active
Since Mar 3, 2026
Price trend
List priceMar 2026 → Jul 2026
Property history3 events
| Date | Event | Price | Change |
|---|---|---|---|
| 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
Tax data isn’t available for this property’s county yet.
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
List price $369,000
Down paymentStays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)
Estimated monthly payment
$2,866 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $2,866
- Principal & interest
- $1,866
- Property taxes
- $692
- Homeowners insurance
- $308
*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 | $295,200 | $3,300 | $19,091 | $291,900 | |
| 2 | $291,900 | $3,521 | $18,870 | $288,380 | |
| 3 | $288,380 | $3,756 | $18,634 | $284,624 | |
| 4 | $284,624 | $4,008 | $18,383 | $280,616 | |
| 5 | $280,616 | $4,276 | $18,114 | $276,340 | |
| 6 | $276,340 | $4,563 | $17,828 | $271,777 | |
| 7 | $271,777 | $4,868 | $17,522 | $266,909 | |
| 8 | $266,909 | $5,194 | $17,196 | $261,715 | |
| 9 | $261,715 | $5,542 | $16,848 | $256,172 | |
| 10 | $256,172 | $5,913 | $16,477 | $250,259 |
- Year 1$291,900
- Principal paid
- $3,300
- Interest paid
- $19,091
- Starting balance
- $295,200
- Year 2$288,380
- Principal paid
- $3,521
- Interest paid
- $18,870
- Starting balance
- $291,900
- Year 3$284,624
- Principal paid
- $3,756
- Interest paid
- $18,634
- Starting balance
- $288,380
- Year 4$280,616
- Principal paid
- $4,008
- Interest paid
- $18,383
- Starting balance
- $284,624
- Year 5$276,340
- Principal paid
- $4,276
- Interest paid
- $18,114
- Starting balance
- $280,616
- Year 6$271,777
- Principal paid
- $4,563
- Interest paid
- $17,828
- Starting balance
- $276,340
- Year 7$266,909
- Principal paid
- $4,868
- Interest paid
- $17,522
- Starting balance
- $271,777
- Year 8$261,715
- Principal paid
- $5,194
- Interest paid
- $17,196
- Starting balance
- $266,909
- Year 9$256,172
- Principal paid
- $5,542
- Interest paid
- $16,848
- Starting balance
- $261,715
- Year 10$250,259
- Principal paid
- $5,913
- Interest paid
- $16,477
- Starting balance
- $256,172
First 10 of 30 years
Nearby
Courtesy of DENNY HOLT REALTORS · (512) 694-1103
Listings courtesy of ACTRIS as distributed by MLS GRID.