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ActiveMLS #3054488

40 N Interstate 35, Austin TX 78701

Austin, TX 78701 · Towers Town Lake Condo Amd

Condominium for sale in Towers Town Lake Condo Amd

2Bedrooms
2Bathrooms
1,459Square Ft
0.03Acres
0Garage
1983Year Built
Price Reduced
1 / 30
$364,500$399,900

Overview

Property Description

Owner is ready to sell!! Unbelievable PRICE !! Disregard days on market. It was a rental and then taken off the market and painted & floors replaced. Some properties just check all the boxes. Under $400K this property checks all of them better than any other option, Located in a premier location with convenient access to downtown & Rainey Street. Turnkey lifestyle in the heart of Austin. New Luxury Vinyl Floors throughout with a wall of sliding glass doors that lead to a spacious balcony, allowing plenty of natural light to enter the residence. The kitchen boasts white cabinetry and loads of storage. Primary bedroom features large walk-in closet, en-suite bathroom, double vanity, and built-in linen closet. Laundry off kitchen. One of the first condo buildings in Austin. Highly sought after amenities including 24-hour concierge, fitness center, basketball court, sauna, resort-style indoor and outdoor pools, billiards room, library, piano room and conference room. Towers has recently completed updates to the lobby area. A complete exterior renovation on the buildings was completed last year. The parking lot has been resurfaced and landscaping has been upgraded. The roof was replaced about 5 years ago. Two parking spaces convey with this condo. Concierge desk is staffed 24/7 365 days a year. Google Fiber is available.

Financial Info
Price
$364,500
$ / Sqft
$250
HOA
Yes - Mandatory / $1,075 / Monthly
HOA Name
Towers of Town Lake
HOA Includes
Common Area Maintenance, Sewer
Tax Rate
2.1767%
Est. Taxes
$5,484
Tax Year
2023
Exemptions
None
Legal Info
Address
40 N Interstate 35
County
Travis
City
Austin
State
TX
Zip
78701
Subdivision
Towers Town Lake Condo Amd
Legal Description
UNT 4C2 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .496% INT IN COMMON AREA
Parcel
02010402160052
Interior Features
Floor
No Carpet, Tile, Wood
Num Living
1
Dining
1
Kitchen
Granite Counters, Pantry
Appliances
Built-In Range, Dishwasher, Disposal, Washer/Dryer
Laundry
In Unit, Inside
Master Bed
Double Vanity, Primary Bedroom on Main
Master Main
Yes
Interior Features
Built-in Features, Granite Counters, Double Vanity, In-Law Floorplan, Open Floorplan, Pantry, Primary Bedroom on Main, 24 Hour Security, Fire Alarm, Fire Escape, Fire Sprinkler System, Secured Garage/Parking, Window Treatments
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
1,459 / Public Records
Garage Desc
Assigned
Foundation
See Remarks
Roof
Mixed
Construction
Masonry – Partial, Stucco
Acres
0.03
Lot Description
Views
Restrictions
Deed Restrictions
Flood Plain
No
View
Downtown
Water Access
Yes
Waterfront
Yes
Area
DT
Utility Info
Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Electricity Connected, Internet-Cable, Internet-Fiber, Phone Available, Sewer Connected, Water Connected
Heat
Central
A C
Central Air
Exterior Features
Fence
Wrought Iron
Exterior Features
Uncovered Courtyard, Gas Grill, Private Entrance, Covered
Pool On Property
Yes
Area Amenities
Cluster Mailbox, Common Grounds, Controlled Access, Courtyard, Covered Parking, Fitness Center, Garage Parking, Gated, Lock and Leave

Price history

Members only
Days on market
−$35,400 (−8.9%)
$399,900 → $364,500
3
Price reductions
Active
Since Apr 15, 2026
Price trend
List priceApr 2026Sep 2026
Property history4 events
DateEventPriceChange
Sep 17, 2026Price Decrease$364,500−$400 (−0.1%)
Sep 3, 2026Price Decrease$364,900−$10,000 (−2.7%)
Jun 4, 2026Price Decrease$374,900−$25,000 (−6.3%)
Apr 15, 2026New 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 $364,500
Down payment
Stays 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

$2,604 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $2,604

Principal & interest
$1,843
Property taxes
$457
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.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$291,600$3,259$18,858$288,341
2$288,341$3,478$18,640$284,863
3$284,863$3,710$18,407$281,153
4$281,153$3,959$18,158$277,194
5$277,194$4,224$17,893$272,970
6$272,970$4,507$17,610$268,463
7$268,463$4,809$17,308$263,654
8$263,654$5,131$16,986$258,523
9$258,523$5,475$16,643$253,048
10$253,048$5,841$16,276$247,207
  • Year 1$288,341
    Principal paid
    $3,259
    Interest paid
    $18,858
    Starting balance
    $291,600
  • Year 2$284,863
    Principal paid
    $3,478
    Interest paid
    $18,640
    Starting balance
    $288,341
  • Year 3$281,153
    Principal paid
    $3,710
    Interest paid
    $18,407
    Starting balance
    $284,863
  • Year 4$277,194
    Principal paid
    $3,959
    Interest paid
    $18,158
    Starting balance
    $281,153
  • Year 5$272,970
    Principal paid
    $4,224
    Interest paid
    $17,893
    Starting balance
    $277,194
  • Year 6$268,463
    Principal paid
    $4,507
    Interest paid
    $17,610
    Starting balance
    $272,970
  • Year 7$263,654
    Principal paid
    $4,809
    Interest paid
    $17,308
    Starting balance
    $268,463
  • Year 8$258,523
    Principal paid
    $5,131
    Interest paid
    $16,986
    Starting balance
    $263,654
  • Year 9$253,048
    Principal paid
    $5,475
    Interest paid
    $16,643
    Starting balance
    $258,523
  • Year 10$247,207
    Principal paid
    $5,841
    Interest paid
    $16,276
    Starting balance
    $253,048
First 10 of 30 years

Nearby

Courtesy of Pure Realty · (512) 337-0400

Listings courtesy of ACTRIS as distributed by MLS GRID.