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2005 Rio Mesa Drive

2005 Rio Mesa Drive, Austin, TX 78732
Property in Steiner Ranch
Sold Sep 17, 2021
$1,062,500
$850,000 by Silicon Valley Bank
Mortgage Due Oct 01, 2051
Sold Apr 10, 2015
$451,900
$361,500 by Willow Bend Mortgage Co
Mortgage Due May 01, 2045
Local assessors in Austin, TX have categorized 2005 Rio Mesa Drive as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 11,950 square feet. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2005 Rio Mesa Drive has a total of 3,757 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 658 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a hip style roof that was made of composition shingle. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Sep 17, 2021 for $1,062,500. That's $240.66 per sqft. Prior to that sales transaction, the property was also sold in Apr 8, 2015 for $451,900. 2005 Rio Mesa Drive was last assessed in 2023. The total value of the property was assessed at $724,161. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $26,124. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Garage Parking
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 658
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,950
  • Total Building Area: 4,415
  • Gross Building Area: 4,415
  • Building Area: 3,757
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,757
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STEINER RANCH PHS 1 SEC 8
  • Land Acres: 0.274
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 5 BLK E STEINER RANCH PHS 1 SEC 8

Ownership

  • Current Owner : REDDY LAKSHMI SHIVA PRASAD
  • Current Owner 2: REDDY VIMAL K
  • Previous Owner : PATTERSON SCOTT B
  • Previous Owner 2: PATTERSON BRIDGID B
  • Owner Before Previous Owner: BALLARD WILLIAM V
  • Owner Before Previous Owner 2: BALLARD MARILYN B
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Leander Independent School District
  • School Tax School District: LEANDER ISD
  • Census Tract: 035000

Geography

  • Assessors Map Reference: 0139500405
  • Account Number: 522402
  • Parcel: 522402
  • Block: E
  • Lot: 5
  • Municipality: UNINCORPORATED COUNTY
  • Latitude: 30.3594
  • Longitude: -97.9022

    Address

  • Full Address: 2005 Rio Mesa Dr
  • Address - House Number: 2005
  • Address - Street Name: Rio Mesa
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Austin
  • Carrier Code: R122
  • 4-Digit Zip Code: 1958
  • Zip Code: 78732

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,124
  • Tax Rate Code Area: 69

    Appraisal Valuation

  • Standard Deviation: 0.25
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 64
  • Final Value: 1,151,907
  • High Value: 1,439,971
  • Low Value: 863,842

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $850,000
  • First Open Lien Mortgage Lender: SILICON VALLEY BANK
  • First Open Lien Mortgage Recording Date: Sep 17, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $850,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $1,301,200
  • Market Land Value: $400,000
  • Market Improvement Value: $901,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $724,161

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 17, 2021
  • Current Sale Transaction ID: 11857276039
  • Current Sale Price: $1,062,500
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 2021208472
  • Previous Sale Recording Date: Apr 10, 2015
  • Previous Sale Contract Date: Apr 08, 2015
  • Previous Sale Amount: $451,900
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: SILICON VALLEY BANK
  • First Mortgage Transaction Date: Sep 17, 2021
  • First Mortgage Loan Amount: $850,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WILLOW BEND MORTGAGE CO
  • Previous Mortgage Transaction Date: Apr 10, 2015
  • Previous Mortgage Loan Amount: $361,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2045

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Frequently Asked Questions

What neighborhood is 2005 Rio Mesa Drive located in?
The 2005 Rio Mesa Drive is a located in the neighborhood of Steiner Ranch in Steiner Ranch, Austin.
What is the average sales price for listings in 2005 Rio Mesa Drive?
The average sales price for units in 2005 Rio Mesa Drive is $0 currently.

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