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Map
$850,000
↓ $25K (2.9%)
●
Condo -
For Sale
48 East Ave #2309
Austin, TX 78701
2 Beds
2 Baths
982 Sqft
$5,540
Estimated Monthly
$1,082
HOA / Fees
2.80%
Cap Rate
About This Property
Amazing price improvement on an Investor's dream opportunity at The
Natiivo, a condominium hotel in downtown Austin! One of a
kind in The Natiivo: where short term rentals allowed! Turnkey and
ready to go! Located in the heart of the Rainey Street area, this
attractively furnished 2 bedroom/2 bath condo on the shores of Lady
Bird Lake has an outstanding rental history. Open living, dining,
and kitchen area separate 2 spacious bedrooms with beautiful baths.
All furnishings and art convey and ready to go. Fitness
center with Peloton bikes. Dog park. Minutes from the hike
and bike trail and the ATX downtown scene. This property had a net
revenue for 2023 of $55K! All the amenities of a hotel plus
valet parking, rooftop pool, and 24 hour security. Rental history
and projections available
Unit Size
982Ft²
Days on Market
362 days
Land Size
0.00 acres
Price per sqft
$866
Property Type
Condo
Property Taxes
$284
HOA Dues
$1,082
Year Built
1973
Listed By
Last updated: 2 months ago (Unlock MLS #ACT1158884)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 27, 2024 | Price Decreased |
$850,000
↓ $25K
(2.9%)
|
|
| Price Decreased | |||
| Feb 19, 2024 | Price Decreased |
$875,000
↓ $24K
(2.7%)
|
|
| Price Decreased | |||
| May 1, 2023 | Listed by Kuper Sotheby's Int'l Realty | $899,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
Property Highlights
Garage
Parking Available
Elevator
Doorman
Air Conditioning
Parking Details
Covered Spaces: 2
Total Number of Parking: 2
Parking Features: Concrete, Gated, Off Street, Secured, Unassigned, Valet
Garage Spaces: 2
Interior Details
Bathroom Information
Full Bathrooms: 2
Interior Information
Interior Features: Breakfast Bar, High Ceilings, Corian Counters, High Speed Internet, No Interior Steps, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Stackable W/D Connections, Walk-In Closet(s)
Appliances: Built-In Refrigerator, Convection Oven, Cooktop, Dishwasher, Disposal, Microwave, RNGHD, Refrigerator, Washer/Dryer
Flooring Type: Tile, Wood
Cooling: Central Air
Heating: Central
Living Area: 982
Room 1
Level: Main
Type: Primary Bedroom
Features: Ceiling Fan(s), Full Bath
Room 2
Level: Main
Type: Kitchen
Features: Kitchn - Breakfast Area, Quartz Counters, Galley Type Kitchen, High Ceilings, Open to Family Room
Room 3
Level: Main
Type: Primary Bathroom
Features: Quartz Counters, Full Bath, High Ceilings, Separate Shower, Walk-in Shower
Exterior Details
Property Information
Property Type: Residential
Property Sub Type: Condominium
Green Energy Efficient
Property Condition: Resale
Year Built: 2021
Year Built Source: Public Records
Unit Style: Tower (14+ Stories), Single level Floor Plan, End Unit, Neighbor Above, Neighbor Below
View Desription: Lake, See Remarks
Fencing: None
Building Information
Levels: One
Construction Materials: Concrete
Foundation: Slab
Roof: See Remarks
Exterior Information
Exterior Features: Balcony
Pool Information
Pool Features: None
Lot Information
Lot Features: None
Lot Size Acres: 0.0019
Lot Size Square Feet: 82.76
Land Information
Water Source: Public
Financial Details
Tax Year: 2022
Tax Annual Amount: $3,402
Utilities Details
Water Source: Public
Sewer : Public Sewer
Utilities For Property: Electricity Connected, High Speed Internet, Sewer Connected, Water Connected
Location Details
Directions: Caesar Chavez east to IH 35. Turn right on the frontage road and stay to the right onto East Avenue.
Community Features: Common Grounds, Covered Parking, Dog Park, Fitness Center, High Speed Internet, Lock and Leave, Lounge, Pool, ValetParking, Walk/Bike/Hike/Jog Trail(s
Other Details
Association Fee Includes: Common Area Maintenance, Insurance, Landscaping, Maintenance Grounds, Security, Trash
Association Fee: $1,082
Association Fee Freq: Monthly
Association Name: Natiivo
Selling Agency Compensation: 3.000
48 East Ave #2309, Austin, TX, 78701
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
House
2
Beds
2
Baths
1,187 ft²
$825/ft²
$979,000
Feb 13, 2024
-
Nov 30, -0001
$1,188/mo
Sold
House
2
Beds
1
Bath
672 ft²
$1,064/ft²
$714,900
Mar 28, 2024
-
Nov 30, -0001
$883/mo
Sold
Condo
3
Beds
3
Baths
1,646 ft²
$608/ft²
$999,995
Aug 17, 2023
-
Nov 30, -0001
$1,093/mo
House
4
Beds
3
Baths
2,534 ft²
$394/ft²
$999,000
Mar 21, 2024
-
Nov 30, -0001
$1,875/mo
Active
Condo
2
Beds
2
Baths
1,036 ft²
$960/ft²
$995,000
Apr 24, 2024
-
$2,415/mo
Active
Condo
2
Beds
2
Baths
1,293 ft²
$735/ft²
$949,995
Feb 8, 2024
-
$3,018/mo
Active
Condo
2
Beds
2
Baths
1,277 ft²
$782/ft²
$999,000
Feb 27, 2024
-
$2,997/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
12/07/2023
|
Studio
|
1 Bath
|
450 ft²
|
$525,000
Studio
1 Bath
450 ft²
|
-
-
|
-
|
Patrick Carr
Patrick Carr Properties and Associates
|
|
|
11/27/2023
|
1 Bed
|
1 Bath
|
893 ft²
|
$740,000
1 Bed
1 Bath
893 ft²
|
-
-
|
-
|
Meredith Alderson
eXp Realty, LLC
|
|
|
10/07/2023
|
1 Bed
|
1 Bath
|
641 ft²
|
$649,500
1 Bed
1 Bath
641 ft²
|
-
-
|
-
|
Kevin Kuo
eXp Realty LLC
|
|
|
08/01/2023
|
1 Bed
|
1 Bath
|
893 ft²
|
$750,000
1 Bed
1 Bath
893 ft²
|
-
-
|
-
|
John Richardson
Compass RE Texas, LLC
|
|
|
06/23/2023
|
2 Bed
|
2 Bath
|
1121 ft²
|
$1,395,000
2 Bed
2 Bath
1121 ft²
|
-
-
|
-
|
Brittany Pauline Ward
Keller Williams - Austin SW
|
|
|
06/21/2023
|
1 Bed
|
1 Bath
|
447 ft²
|
$550,000
1 Bed
1 Bath
447 ft²
|
-
-
|
-
|
Kristen Williams
Keller Williams Realty
|
|
|
04/19/2023
|
1 Bed
|
1 Bath
|
893 ft²
|
$699,900
1 Bed
1 Bath
893 ft²
|
-
-
|
-
|
Cody Bell
JBGoodwin REALTORS LT
|
|
|
03/12/2023
|
1 Bed
|
1 Bath
|
893 ft²
|
$799,900
1 Bed
1 Bath
893 ft²
|
-
-
|
-
|
Deanna James
Keller Williams - Austin SW
|
|
|
10/05/2020
|
2 Bed
|
2 Bath
|
982 ft²
|
$841,000
2 Bed
2 Bath
982 ft²
|
-
-
|
-
|
Denise Bodman
Prospect Real Estate
|
|
|
11/10/2020
|
1 Bed
|
1 Bath
|
937 ft²
|
$692,000
1 Bed
1 Bath
937 ft²
|
-
-
|
-
|
-
|
|
|
10/05/2020
|
2 Bed
|
2 Bath
|
1277 ft²
|
$961,000
2 Bed
2 Bath
1277 ft²
|
-
-
|
-
|
Denise Bodman
Prospect Real Estate
|
|
|
10/06/2020
|
1 Bed
|
1 Bath
|
740 ft²
|
$588,000
1 Bed
1 Bath
740 ft²
|
-
-
|
-
|
Denise Bodman
Prospect Real Estate
|
|
|
10/06/2020
|
Studio
|
1 Bath
|
447 ft²
|
$466,000
Studio
1 Bath
447 ft²
|
-
-
|
-
|
Denise Bodman
Prospect Real Estate
|
|
|
10/02/2020
|
1 Bed
|
1 Bath
|
740 ft²
|
$603,000
1 Bed
1 Bath
740 ft²
|
-
-
|
-
|
-
|
|
|
10/02/2020
|
2 Bed
|
2 Bath
|
982 ft²
|
$754,000
2 Bed
2 Bath
982 ft²
|
-
-
|
-
|
-
|
|
|
09/09/2020
|
1 Bed
|
1 Bath
|
893 ft²
|
$677,000
1 Bed
1 Bath
893 ft²
|
-
-
|
-
|
-
|
|
|
08/07/2020
|
2 Bed
|
1 Bath
|
1036 ft²
|
$845,000
2 Bed
1 Bath
1036 ft²
|
-
-
|
-
|
-
|
|
|
05/09/2020
|
2 Bed
|
2 Bath
|
1277 ft²
|
$930,000
2 Bed
2 Bath
1277 ft²
|
-
-
|
-
|
Emily Lee
Lee Real Estate Services, Inc.
|
|
|
06/13/2020
|
2 Bed
|
2 Bath
|
982 ft²
|
$737,000
2 Bed
2 Bath
982 ft²
|
-
-
|
-
|
-
|
|
|
06/13/2020
|
1 Bed
|
1 Bath
|
740 ft²
|
$555,000
1 Bed
1 Bath
740 ft²
|
-
-
|
-
|
-
|
|
|
05/20/2020
|
2 Bed
|
1 Bath
|
1036 ft²
|
$787,640
2 Bed
1 Bath
1036 ft²
|
-
-
|
-
|
-
|
|
|
05/09/2020
|
1 Bed
|
1 Bath
|
893 ft²
|
$665,000
1 Bed
1 Bath
893 ft²
|
-
-
|
-
|
Emily Lee
Lee Real Estate Services, Inc.
|
|
|
05/08/2020
|
Studio
|
1 Bath
|
447 ft²
|
$456,750
Studio
1 Bath
447 ft²
|
-
-
|
-
|
Emily Lee
Lee Real Estate Services, Inc.
|
Building Info
About Downtown Austin
Similar Homes for Sale
Nearby Rentals
Listed by: Camille Abbott
Listed Office: Kuper Sotheby's Int'l Realty - Listing courtesy of Unlock MLS
Phone: (512) 261-0008
Last Updated: 2024-03-27 17:58:45
Data Source: Unlock MLS, MLS# ACT1158884
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Kuper Sotheby's Int'l Realty - Listing courtesy of Unlock MLS
Phone: (512) 261-0008
Last Updated: 2024-03-27 17:58:45
Data Source: Unlock MLS, MLS# ACT1158884
Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-01-25 08:52:03 PST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
