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304 West 55th 1/2 Street

304 West 55th 1/2 Street, Austin, TX 78751
House in North Loop
Sold Feb 02, 2021
$342,500
Buyer
Seller
$274,000 by First United Bank & Trust Co
Mortgage Due Mar 01, 2051
Local assessors in Austin, TX have categorized 304 West 55th 1/2 Street as a residential type of property. The home was built in 1949 and is 75 years old. The property's lot size has been calculated to be 6,965 square feet. The linear feet between the front and back of the lot was measured at 1,380 ft and the front of the lot was measured at 500 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 304 West 55th 1/2 Street has a total of 672 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 detached garage for those who need a place to park their vehicle. The garage on the property is 288 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. 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 gable style roof that was made of composition shingle. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 304 West 55th 1/2 Street sold most recently in Feb 1, 2021 for a total of $342,500. If you work out the math, that's approximately a cost of $509.67 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,825 in taxes each year. 304 West 55th 1/2 Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $434,623. If we break it down further, the land itself was valued at $302,400. Improvements to the property, however, were assessed at a total of $132,223. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,965
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 500
  • Total Building Area: 672
  • Gross Building Area: 672
  • Building Area: 672
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 672
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTHFIELD ANNEX NO 2
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 3 BLK 3 NORTHFIELD ANNEX NO 2

Ownership

  • Current Owner : MINNIX JASON
  • Previous Owner : DIG B LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Austin Independent School District
  • School Tax School District: AUSTIN ISD
  • Census Tract: 001503

Geography

  • Assessors Map Reference: 0225090210
  • Account Number: 224913
  • Parcel: 224913
  • Block: 3
  • Lot: 3
  • Municipality: CITY OF AUSTIN
  • Latitude: 30.3224
  • Longitude: -97.7227

    Address

  • Full Address: 304 W 55th 1/2 St
  • Address - House Number: 304
  • Street Direction: W
  • Address - Street Name: 55th 1/2
  • Address - Suffix Type: St
  • State: TX
  • City Name: Austin
  • Carrier Code: C011
  • 4-Digit Zip Code: 1129
  • Zip Code: 78751

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,825
  • Tax Rate Code Area: 68

    Appraisal Valuation

  • Standard Deviation: 0.2557
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 63
  • Final Value: 461,922
  • High Value: 580,050
  • Low Value: 343,794

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $274,000
  • First Open Lien Mortgage Lender: FIRST UNITED BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Feb 02, 2021
  • First Open Lien Mortgage Loan Amount: $274,000
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $434,623
  • Market Land Value: $302,400
  • Market Improvement Value: $132,223

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $434,623
  • Assessed Land Value: $302,400
  • Assessed Improvements Value: $132,223

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 01, 2021
  • Current Sale Recording Date: Feb 02, 2021
  • Current Sale Transaction ID: 11820931124
  • Current Sale Price: $342,500
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 2021023907

    Last Sale Mortgage

  • First Mortgage Lender: FIRST UNITED BANK & TRUST CO
  • First Mortgage Transaction Date: Feb 02, 2021
  • First Mortgage Loan Amount: $274,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

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Frequently Asked Questions

What neighborhood is 304 West 55th 1/2 Street located in?
The 304 West 55th 1/2 Street is a house located in the neighborhood of North Loop in North Loop, Austin.
What is the average sales price for listings in 304 West 55th 1/2 Street?
The average sales price for units in 304 West 55th 1/2 Street is $0 currently.

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