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8703 Merion Circle

8703 Merion Circle, Austin, TX 78754
Townhouse in Chimney Hill
Sold Dec 03, 2020
$194,000
$191,468 by University Fcu
Mortgage Due Dec 01, 2050
Sold Sep 24, 2018
Transfer
Local assessors in Austin, TX have categorized 8703 Merion Circle as a residential type of property. The home was built in 1974 and is 50 years old. The property's lot size has been calculated to be 2,814 square feet. The linear feet between the front and back of the lot was measured at 900 ft and the front of the lot was measured at 300 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 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 8703 Merion Circle has a total of 1,226 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 506 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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. 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 Nov 30, 2020 for $194,000. That's $112.01 per sqft. 8703 Merion Circle was last assessed in 2023. The total value of the property was assessed at $314,532. Specifically, the land the property is located on was valued at $100,000. While improvements on the property were assessed at a total of $214,532. 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 $6,144. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Attached
  • Garage Square Area: 506
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,814
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,732
  • Gross Building Area: 1,732
  • Building Area: 1,226
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,226
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHIMNEYHILL FIRST INSTALLMENT
  • Land Acres: 0.065
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: LOT 2 CHIMNEYHILL FIRST INSTALLMENT PLUS 1.282% INT IN COMMON AREA

Ownership

  • Current Owner : PENA SEVER
  • Previous Owner : LAVISH PROPERTIES LLC
  • Owner Before Previous Owner: LAVIAGE BRIAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Austin Independent School District
  • School Tax School District: AUSTIN ISD
  • Census Tract: 043600

Geography

  • Assessors Map Reference: 0229330202
  • Account Number: 230806
  • Parcel: 230806
  • Lot: 2
  • Municipality: CITY OF AUSTIN
  • Latitude: 30.33
  • Longitude: -97.6471

    Address

  • Full Address: 8703 Merion Cir
  • Address - House Number: 8703
  • Address - Street Name: Merion
  • Address - Suffix Type: Cir
  • State: TX
  • City Name: Austin
  • Carrier Code: R143
  • 4-Digit Zip Code: 5003
  • Zip Code: 78754

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,144
  • Tax Rate Code Area: 68

    Appraisal Valuation

  • Standard Deviation: 0.1871
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 75
  • Final Value: 296,145
  • High Value: 351,574
  • Low Value: 240,717

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $216,867
  • First Open Lien Mortgage Lender: UNIVERSITY FCU
  • First Open Lien Mortgage Recording Date: Dec 03, 2020
  • First Open Lien Mortgage Loan Amount: $191,468
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Nov 20, 2023
  • Second Open Lien Mortgage Loan Amount: $25,399
  • Second Open Lien Mortgage Term: 324
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $314,532
  • Market Land Value: $100,000
  • Market Improvement Value: $214,532

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,532
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $214,532

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 30, 2020
  • Current Sale Recording Date: Dec 03, 2020
  • Current Sale Transaction ID: 11820533308
  • Current Sale Price: $194,000
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 2020234292
  • Previous Sale Recording Date: Sep 24, 2018
  • Previous Sale Contract Date: Sep 18, 2018
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNIVERSITY FCU
  • First Mortgage Transaction Date: Dec 03, 2020
  • First Mortgage Loan Amount: $191,468
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2050

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Frequently Asked Questions

What neighborhood is 8703 Merion Circle located in?
The 8703 Merion Circle is a townhouse located in the neighborhood of Chimney Hill in Chimney Hill, Austin.
What is the average sales price for listings in 8703 Merion Circle?
The average sales price for units in 8703 Merion Circle is $0 currently.

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