2612 Perseverance Dr, Austin, TX 78731 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2022Total Assessed Value $83,307,364County Travis

Property Details

The Apartments property 2612 Perseverance Dr, Austin, TX 78731 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $83,307,364.

The gross building area is 227,700 square feet and the land area is 172,890 square feet for this Apartment High Rise (5+ stories) built in 2022.

Legal description: Lot 4 Blk A Grove At Shoal Creek The

$83,307,364

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 2612 Perseverance Dr, Austin, TX 78731, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area227,700

Land Size172,890

Land Value$3,457,793

Improved Value$79,849,571

Total Assessed Value$83,307,364

Year Built2022

County NameTravis

Account Number913262

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories1

Number of Units67

Sales History

12/30/2019

Arms-lengthNot Disclosed

Buyer

Grove Atx Block 2 Lp

Seller

Grove Atx Commercial Lp

Book Number

2019.204733

Recording Date

12/30/2019

Transaction Details

Grove Atx Block 2 Lp acquired the property from Grove Atx Commercial Lp through a Arms-length transaction on 12/30/2019 for .

Property constructed in 2022

YSale Price (USD) byXSales Year

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Mortgage History

11/9/2021

Arms length residential transactions purchase or resales$58,800,000

Borrower

Grove Atx Block 2 Lp

Lender

Washington Federal Bank Na

Book Number

2021.248776

Recording Date

11/9/2021

Transaction Details

Grove Atx Block 2 Lp borrowed the property from Washington Federal Bank Na through a Arms length residential transactions purchase or resales transaction on 11/9/2021 for $58,800,000.

Property constructed in 2022

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$3,457,793	$74,297,852	$77,755,645	$77,755,645	Grove Atx Block 2 Lp	Ste 320 3600 N Capit...	Lot 4 Blk A Grove At...	NC1	S19975	172,890	227,700
2025	$3,457,793	$79,849,571	$83,307,364	$83,307,364	Grove Atx Block 2 Lp	Ste 320 3600 N Capit...	Lot 4 Blk A Grove At...	NC1	S19975	172,890	227,700
2024	$3,457,793	$55,119,722	$58,577,515	$58,577,515	Grove Atx Block 2 Lp	Ste 320 3600 N Capit...	Lot 4 Blk A Grove At...	NC1	S19975	172,890	227,700
2023	$3,457,793	$11,565,225	$15,023,018	$15,023,018	Grove Atx Block 2 Lp	Ste 320 3600 N Capit...	Lot 4 Blk A Grove At...	NC1	S19975	172,890	227,700
2022	$3,457,793	$1,694,771	$5,152,564	$5,152,564	Grove Atx Block 2 Lp	Ste 320 3600 N Capit...	Lot 4 Blk A Grove At...	NC1	S19975	172,890	227,700
2021	$3,457,793	-	$3,457,793	$3,457,793	Grove Atx Block 2 Lp	Ste 320 3600 N Capit...	Lot 4 Blk A Grove At...	1NC1	S19975	172,890	-
2020	$3,457,793	-	$3,457,793	$3,457,793	Grove Atx Block 2 Lp	3600 N Capital Of Te...	Lot 4 Blk A Grove At...	1NC1	S19975	172,890	-
2019	$3,457,793	-	$3,457,793	$3,457,793	Grove Atx Commercial...	3600 N Capital Of Te...	Lot 4 Blk A Grove At...	1NC1	S19975	172,890	-

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
2612 Perseverance Dr, Austin, TX 78731	913262	Apartments	Apartment High Rise (5+ stories)	Grove Atx Block 2 Lp	Travis	-	-	-	-	2022	227,700	67
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	1.6	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	1.1	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	2.6	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	2.4	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	3.9	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
827 W 12 St, Austin, TX 78701	196630	Apartments	Apartment High Rise (5+ stories)	827 West 12th Street Llc	Travis	3.0	$ 15,960,000	2024-07-17	$ 134.34	2022	118,800	144
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	6.3	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
3201 Esperanza Xing, Austin, TX 78758	753265	Apartments	Apartment High Rise (5+ stories)	Gateway Mckenzie Inc	Travis	5.8	$ 83,651,680	2025-08-19	$ 352.37	2013	237,395	279
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	6.7	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384
11266 Taylor Draper Ln, Austin, TX 78759	158202	Apartments	Apartment High Rise (5+ stories)	Northland Museo Llc	Travis	6.3	$ 31,676,610	2025-11-12	$ 138.35	1993	228,966	276

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	2612 Perseverance Dr, Austin, TX 78731	—	-	172,890	2022	227,700	$ 83,307,364	$ 3,457,793	-
Pnc Bank Na	1801 W 37 St, Austin, TX 78731	09/15/2025	$ 250,000	6,974	1982	2,682	$ 764,370	$ 418,567
Everett Financial Inc	6324 N Lamar Blvd, Austin, TX 78752	07/23/2025	$ 180,000	52,133	2021	84,150	$ 22,180,286	$ 4,457,338
Loanpeople Llc	4205 Speedway, Austin, TX 78751	07/18/2025	$ 147,750	19,502	1975	12,296	$ 4,672,480	$ 1,170,000
Southside Bank	6324 N Lamar Blvd, Austin, TX 78752	07/14/2025	$ 268,000	52,133	2021	84,150	$ 22,180,286	$ 4,457,338
Ares Cre Lender Ii Llc	812 W 23 St, Austin, TX 78705	06/11/2025	$ 95,000,000	58,501	2021	339,926	$ 181,436,409	$ 13,163,175	715 West 23rd Austin Llc
Bredif Ms Seller Llc	5629 N Lamar Blvd, Austin, TX 78751	06/04/2025	$ 51,850,000	145,451	2021	235,476	$ 68,370,649	$ 12,363,335	Atlas North Lamar Lp
Everett Financial Inc	6324 N Lamar Blvd, Austin, TX 78752	05/29/2025	$ 202,500	52,133	2021	84,150	$ 22,180,286	$ 4,457,338
Everett Financial Inc	6324 N Lamar Blvd, Austin, TX 78752	04/11/2025	$ 285,950	52,133	2021	84,150	$ 22,180,286	$ 4,457,338
Loanpeople Llc	6324 N Lamar Blvd, Austin, TX 78752	03/18/2025	$ 115,000	52,133	2021	84,150	$ 22,180,286	$ 4,457,338
Loanpeople Llc	4205 Speedway, Austin, TX 78751	03/10/2025	$ 153,840	19,502	1975	12,296	$ 4,672,480	$ 1,170,000

Mean$ 48,697,979

Median$ 16,398,000.0

Loan Amount Range$ 115,000 - $ 185,399,000

Showing 1 to 10 of 26 entries

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License Details

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