4 months on rocket

501 W Ave Unit 705, Austin, TX, 78701

$975,000

Home List Price

$10,000*

Closing Credit

1 Bedroom
1 Full Bath, 1 Partial
1,092 SqFt
$893/SqFt
Condo
Schools Nearby

Location

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501 W Ave Unit 705, Austin$975,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, Garage
Garage1 space
Year Built2018
HeatingCentral
CoolingCentral Air
WaterfrontNone
ViewCity
MLS #2619586
StatusActive

About 501 W Ave Unit 705

Step into a realm of contemporary luxury at the nexus of downtown Austin! This refined one-bedroom plus study (optional 2nd BR) condominium at 5th and West showcases 1.5 baths and embodies upscale sophistication. Embraced by floor-to-ceiling windows that capture mesmerizing urban panoramas, the space is bathed in natural light, enhancing the allure of the recently installed exquisite hardwood floors that effortlessly span the entirety of this residence. - The den is great for a murphybed Office! The sleek kitchen features top-of-the-line appliances, complemented by stylish cabinetry and quartz countertops, creating a perfect blend of form and function. The master suite is a tranquil retreat, offering a serene escape from the vibrant city below. 5th and West building elevates your lifestyle with two dedicated amenity floors. Take a refreshing dip in the shimmering pool, find balance in the state-of-the-art fitness and yoga studio, or pamper your furry friends in the indoor dog park and pet spa. Conduct business seamlessly in the multiple conference rooms or host unforgettable gatherings in the well-appointed event center. Revel in the unparalleled convenience of living in the heart of downtown Austin, where world-class dining, entertainment, and cultural experiences are just steps away. Indulge in the pinnacle of urban living, where every detail reflects the highest standards of quality and sophistication. Don't miss the opportunity to make this exclusive residence at 5th and West your new home, combining the vibrant energy of downtown Austin with the tranquility of contemporary luxury living.

Property Details

Property Features

Property Information:

  • Year Built: 2018
  • Stories: 1
  • Living Area: 1,092 SqFt

Listing Office:

  • Office Name: Prospect Real Estate
  • Office Phone: (512) 640-1881
  • Listing Agent: Denise Bodman

Interior Features

Interior Information:

  • Appliances: Oven, Cooktop, Washer/Dryer Stacked, Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Stainless Steel Appliance(s)
  • Flooring Type: Tile, Wood
  • Interior: Breakfast Bar, Double Vanity, Entrance Foyer, High Ceilings, Kitchen Island, Main Level Primary, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: City
  • Exterior: Balcony

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Covered, Garage

Lot Features

Lot Information:

  • Lot: City Lot, Near Public Transit

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Austin High School, Public District Grades 9-12
  • O. Henry Middle School, Public District Grades 6-8
  • Matthews Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: From I35 take the 6th Street exit. Turn west on 6th Street. Left on West Ave. Building on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $975,000
  • Price Per SqFt: $893/SqFt

HOA Fees:

  • Amount: $756
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Austin, TX.

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Austin, TX

City

Med. Sold Price

$568.8K

Med. Price/SqFt

$311

Avg. Days On Market

56

# of Sold Homes

812

501 W Ave Unit 705 vs Austin

125 DAYS ON ROCKET

+69 Days

$975,000

+$406.1K More

$893/SqFt

+$582 More

KEY TAKEAWAY

This property is $406.1K more than the Median Sold Price and $582/SqFt more than other homes in Austin, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ACTRIS
  • MLS Number: #2619586

Listing Office:

  • Office Name: Prospect Real Estate
  • Office Phone: (512) 640-1881
  • Listing Agent: Denise Bodman

IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2024 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 4/23/2024, 9:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,690

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,990

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2511239
6
/10

  • Matthews Elementary School

  • 906 Westlynn St

  • 0.85 miles

  • Public District Grades PK-6

Middle School

school-card-donut-2511240
5
/10

  • O. Henry Middle School

  • 2610 W 10th St

  • 1.77 miles

  • Public District Grades 6-8

High School

school-card-donut-2511241
6
/10

  • Austin High School

  • 1715 W Cesar Chavez St

  • 1.08 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $88,116. The most common annual income of people living in Austin, TX is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Downtown, Austin

Types of housing in Downtown, Austin.

The predominance of large apartment buildings in the housing stock of Downtown is an important part of its character. This neighborhood offers mainly one bedroom and two bedroom homes. Renters occupy about two thirds of the units in the neighborhood and owners occupy the remainder. This part of the city experienced its largest construction boom following the year 2000, so most of the available homes are from this time period.

What is it like to live in Downtown, Austin?

Downtown offers a variety of experiences for home buyers who enjoy a vibrant atmosphere and spending time outdoors. There are a large number of things to do in this neighborhood to discover. Despite the fact that there are very often relatively few people around, a good selection of entertainment venues can be found nearby, and places to go out at night are well-distributed throughout the area. The greenery in this neighborhood is not especially prominent; to be more specific, residents will find that most streets have sub-par tree coverage. Nonetheless, it is very easy to access green spaces in the neighborhood, since a lot of houses have one that is very easy to get to. There are around 20 public green spaces nearby for residents to visit, such as Lady Bird Lake and Pease District Park.

Is it easy to get around Downtown, Austin without a car?

House buyers in Downtown will welcome that a general and a specialty grocery store is always only a short walk away. Additionally, owing to 300-odd restaurants and cafes in this part of the city, there is typically a place to get a meal or a beverage just around the corner. It is also a reasonably short distance to a good variety of clothing stores. As far as education is concerned, it is a short walk to access primary schools from most properties for sale in Downtown. In contrast, Downtown does not contain any high schools. House buyers have the choice between public and private elementary schools.

Transportation in Downtown, Austin.

Downtown presents home buyers with several alternative modes of transportation. Owing to around 30 nearby bus lines, property owners can count on public transit to navigate this part of the city. Walking is also very feasible for home buyers in this area; all daily errands can be run on foot, and there are also a fair number of businesses in proximity. It is very easy to get around by bike in Downtown as the cycling network is excellent.

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Frequently Asked Questions About 501 W Ave Unit 705

What is the listing price of this property?

The listing price of 501 W Ave Unit 705 property is $975,000.

What type of property is this?

The property 501 W Ave Unit 705 is a condo located in Austin, Texas, 78701.

Is this property for sale now?

Active Listing: 501 W Ave Unit 705 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 501 W Ave Unit 705 are:
Matthews Elementary School: GreatSchools Rating 6/10
O. Henry Middle School: GreatSchools Rating 5/10
Austin High School: GreatSchools Rating 6/10

How many bedrooms and bathrooms does this property have?

The property at 501 W Ave Unit 705 has 1 bedroom and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 501 W Ave Unit 705 is 1,092 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 W Ave Unit 705 is 2018.

Rocket Homes›Texas›Travis County›Austin›78701›501 W Ave Unit 705

This home is located at 501 W Ave Unit 705 in Austin, TX and zip code 78701 in the Downtown neighborhood. This 1,092 square foot home was built in 2018. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since December 20, 2023 and is currently priced at $975,000.

Over 159 listings were sold over their listed price in March 2024 in Austin, TX. In the same period over 503 listings were sold below the listed price and 150 listings were sold for the listed price. Between February 2024 and March 2024, Austin, TX real estate market has seen increase in the number of listings by 21.3%. While the average time on the market in March 2024 was 56 days, the median list price was $568,825.

From Rocket Homes Real Estate and based on county public records data.

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