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$395,000

Beds
1
Baths
1.0
sq ft
637

710 Colorado St Unit 5F, Austin, TX 78701

710 Colorado St Unit 5F

Austin, TX 78701

  • 132 days on market
Welcome to Unit 5F in the historic Brown Building Lofts. Originally built in 1938 and added to the National Register of Historic Places in 1997, this Austin icon was converted to lofts in the early 2000s. The historic designation means property taxes are dramatically lower than similarly valued downtown properties. A homestead exemption further lowers taxes, making the Brown Building one of Austin’s most affordable downtown addresses. While short-term rentals are prohibited, leases of at least six months are allowed, and the building is popular with traveling tenants. The $588 monthly HOA fee includes a reserved parking space in the attached garage and all utilities except electricity and cable/internet. Gigabit internet service is available. Unit 5F includes dramatic east-facing downtown views and has dual window shades. The solar shade filters direct sun and the powered blackout shade affords total privacy. The unit includes appliances, including refrigerator, newer Bosch dishwasher, microwave, electric range, and washer/dryer located in a laundry closet. A chilled water system provides cooling, and a building boiler provides heat & hot water. This unit features the original terrazzo floors and steel casement windows with 10.5’ exposed concrete ceilings. Located right off the secure elevators, in/out access is quick. The elegant deco lobby is accessible to building occupants only. The building includes a fitness room and rooftop sundeck for enjoying sunsets & twilight breezes. The Brown Building is very pet-friendly! Located close to Austin nightlife destinations but in a quiet part of downtown.

Details

Property type

Condominium

Est. home value

$418,400

Lot size

87.12 sq ft

Price per sq ft

$621

Year built

1940

Annual property taxes

$4,237

Monthly HOA fee

$587.78

Price History

07/13/2024
Austin

Austin #6298567

Listed
$395,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Fitness Center, Gated

High school district: 

Austin ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Mit Fcu

Loan start date

December 2016

Original loan amount

$215,000

Est. remaining balance

Not provided

Interest rate

2.84%

Loan type

Commercial, 16 year

Seller

Sarah Bird and Mason Imman

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 4:50 PM

Listing updated: 10/02/2024 at 2:25 PM

Listed by: Robert Griffice, Robert Griffice Phone #: (512) 201-9088

MLS: Austin #6298567

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