tomo logo

$925,000

Beds
2
Baths
2.0
sq ft
1,482

800 W 5th St Unit 705, Austin, TX 78703

800 W 5th St Unit 705

Austin, TX 78703

  • 17 days on market
Get ready to snag a rare gem in one of downtown Austin's coolest spots—Austin City Lofts (ACL)! With only 82 residences in this boutique building, opportunities like this are few and far between. Completed in 2004, ACL stands out with its sleek, modern design that incorporates limestone, copper, concrete, steel, and glass. The location is unbeatable—just 1 block from Whole Foods, steps from W 6th Street's hottest restaurants and entertainment, and only 3 blocks to the famous Lady Bird Lake hike-and-bike trail. It's also a short stroll to Seaholm, where you'll find Trader Joe's, Caffe Medici, True Food, and more. Inside, you'll be wowed by a spacious 2-bedroom, 2-bath loft with jaw-dropping views of Austin's skyline, floor-to-ceiling windows, soaring ceilings, and those oh-so-cool exposed concrete floors and ceilings. The kitchen is a chef's dream with granite countertops, stainless steel Viking appliances, and gas cooking. The owner's suite offers a large walk-in closet and a luxurious bathroom with a separate garden tub and shower, while the versatile second bedroom is perfect for a home office, guest space, or both. Plus, the building offers fantastic perks, including a 24-hour concierge, private lobby, refreshing swimming pool, relaxing hot tub, covered dining loggia, outdoor cooking area, and a limited-access parking garage with 2 reserved parking spaces and extra storage. This is downtown living at its finest—don’t miss out!

Details

Property type

Condominium

Est. home value

$933,366

Lot size

361.55 sq ft

Price per sq ft

$625

Year built

2003

Annual property taxes

$13,000

Monthly HOA fee

$1,402

Price History

09/02/2024
Austin

Austin #2550166

Listed
$925,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Mathews

Middle school: 

O Henry

High school: 

Austin

Community features: 

Pool

High school district: 

Austin ISD

Negotiation Insights

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

Seller could get up to

$356,723
Asking price
$925,000
Closing costs (~8% of asking)
-$74,000
Est. remaining loan balance
-$494,277
Cash to seller
$356,723

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Regions Bank

Loan start date

February 2021

Original loan amount

$548,000

Est. remaining balance

$494,277

Interest rate

2.65%

Loan type

New Conventional, 26 year

Seller

Courtney Cleman

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?

Similar Homes Nearby

Austin
$849,000
2 bd
|
2 ba
|
1,061 sq ft
|
Condo

300 Bowie St Unit 2503, Austin, TX 78703

Austin
$929,900
2 bd
|
2 ba
|
1,565 sq ft
|
Condo

900 S 1st St Unit 414, Austin, TX 78704

Price drop
Austin
$1,049,000
2 bd
|
2 ba
|
1,123 sq ft
|
Condo

222 West Ave Unit 1404, Austin, TX 78701

Status: Active

Tomo last checked: 09/20/2024 at 3:20 PM

Listing updated: 09/03/2024 at 4:05 AM

Listed by: Michelle Adams, Austin Investment & Relocation Property Group Phone #: (512) 574-2969

MLS: Austin #2550166

Austin logo

Recently listed in Austin

$699,000|3 bd|2.0 ba|House
$675,000|3 bd|2.0 ba|House
$819,000|4 bd|3.5 ba|House
$1,000,000|3 bd|2.0 ba|House
$375,000|4 bd|2.0 ba|House
$1,995,085|4 bd|3.5 ba|House
$449,000|4 bd|2.0 ba|House
$450,000|3 bd|2.0 ba|House
$365,000|3 bd|2.0 ba|House