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502 Capitol Drive

502 Capitol Drive, Austin, TX 78753
Multifamily in Georgian Acres
Sold Aug 16, 2021
Transfer
Seller
$255,000 by Guaranteed Rate Affinity Llc
Mortgage Due Aug 01, 2051
Sold Jul 19, 2021
$318,800
$255,000 by Guaranteed Rate Affinity Llc
Mortgage Due Aug 01, 2051
502 Capitol Drive in Austin, TX was first built in 1983 and is 41 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 502 Capitol Drive has 1,672 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 750 ft and the linear feet between the front and back of the lot is 1,900. In total, the area measurement of the land is 14,231 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a gable style roof made of composition shingle. For those who need parking, there is a detached garage. The garage is 420 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. Prior to that sales transaction, the property was also sold in Jul 15, 2021 for $318,800. 502 Capitol Drive was last assessed in 2023. The total value of the property was assessed at $487,728. Specifically, the land the property is located on was valued at $275,000. While improvements on the property were assessed at a total of $212,728. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $10,757. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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

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

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 14,231
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,672
  • Gross Building Area: 1,672
  • Building Area: 1,672
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,672
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GEORGIAN ACRES
  • Land Acres: 0.327
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT 11B BLK M *RESUB LOT 11 GEORGIAN ACRES

Ownership

  • Current Owner : NORTON DANIEL
  • Previous Owner : DRAKE RYAN
  • Owner Before Previous Owner: NORTON DANIEL

Neighborhood

  • School District Name: Austin Independent School District
  • School Tax School District: AUSTIN ISD
  • Census Tract: 043100

Geography

  • Assessors Map Reference: 0238180134
  • Account Number: 242057
  • Parcel: 242057
  • Block: M
  • Lot: 11B
  • Municipality: CITY OF AUSTIN
  • Latitude: 30.3552
  • Longitude: -97.6938

    Address

  • Full Address: 502 Capitol Dr
  • Address - House Number: 502
  • Address - Street Name: Capitol
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Austin
  • Carrier Code: C012
  • 4-Digit Zip Code: 5102
  • Zip Code: 78753

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,757
  • Tax Rate Code Area: 68

    Appraisal Valuation

  • Standard Deviation: 0.2538
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 64
  • Final Value: 444,652
  • High Value: 557,519
  • Low Value: 331,786

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $255,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • First Open Lien Mortgage Recording Date: Jul 19, 2021
  • First Open Lien Mortgage Loan Amount: $255,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $487,728
  • Market Land Value: $275,000
  • Market Improvement Value: $212,728

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $487,728
  • Assessed Land Value: $275,000
  • Assessed Improvements Value: $212,728

    Sales

  • Current Sale Contract Date: Aug 13, 2021
  • Current Sale Recording Date: Aug 16, 2021
  • Current Sale Transaction ID: 11850254875
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021181832
  • Previous Sale Recording Date: Jul 19, 2021
  • Previous Sale Contract Date: Jul 15, 2021
  • Previous Sale Amount: $318,800
  • Previous Sale Document Type: Vendor's Lien

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE AFFINITY LLC
  • Previous Mortgage Transaction Date: Jul 19, 2021
  • Previous Mortgage Loan Amount: $255,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2051

About North Lamar



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Frequently Asked Questions

What neighborhood is 502 Capitol Drive located in?
The 502 Capitol Drive is a multifamily located in the neighborhood of Georgian Acres in North Lamar, Austin.
What is the average sales price for listings in 502 Capitol Drive?
The average sales price for units in 502 Capitol Drive is $0 currently.

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