1221 S Congress Ave, Austin, TX 78704 – Apartment High Rise (5+ stories)

ApartmentsYear Built 1995Total Assessed Value $93,100,000County Travis

Property Details

The Apartments property 1221 S Congress Ave, Austin, TX 78704 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $93,100,000.

The gross building area is 218,380 square feet and the land area is 277,543 square feet for this Apartment High Rise (5+ stories) built in 1995.

Legal description: Unt Residential Unit 1221 South Congress Condominium Plus 68.13 % Int In Com Area

$93,100,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$4,978

Avg Rent

Property Image of 1221 S Congress Ave, Austin, TX 78704, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area218,380

Land Size277,543

Land Value$58,284,076

Improved Value$34,815,924

Total Assessed Value$93,100,000

Year Built1995

County NameTravis

Account Number950014

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

FireplaceFireplace - Wood Burning

Parking Space288

HeatingHot water

PoolSwimming Pools,Hot Tub/Spa/Jacuzzi

Roof CoverWood shake or shingles

Roof TypeHip

No of Stories4

Garage TypeParking Garage

Bedrooms16

Bathrooms14

PatioAvailable

Social Activities1

Access Gates1

Shuttle Route1

Business Center1

9ft Ceilings1

Vaulted Ceilings1

Walk-in Closets1

School Bus Pickup1

Emergency Maintenance1

Number of Units244

Sales History

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Mortgage History

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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	$58,284,076	$38,083,915	$96,367,991	$96,367,991	1221 Sc Owner Llc	5508 Parkcrest Dr Su...	Unt Residential Unit...	CBD	C04558	277,543	218,380
2025	$58,284,076	$34,815,924	$93,100,000	$93,100,000	1221 Sc Owner Llc	5508 Parkcrest Dr Su...	Unt Residential Unit...	CBD	C04558	277,543	218,380
2024	$58,284,076	$21,048,206	$79,332,282	$79,332,282	1221 Sc Owner Llc	5508 Parkcrest Dr Su...	Unt Residential Unit...	CBD	C04558	277,543	218,380
2023	$58,284,076	$21,715,924	$80,000,000	$80,000,000	1221 Sc Owner Llc	5508 Parkcrest Dr Su...	Unt Residential Unit...	CBD	C04558	277,543	218,380
2022	$31,917,470	$42,906,049	$74,823,519	$74,823,519	1221 Sc Owner Llc	5508 Parkcrest Dr Su...	Unt Residential Unit...	CBD	C04558	277,543	218,380

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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 ↕
1221 S Congress Ave, Austin, TX 78704	950014	Apartments	Apartment High Rise (5+ stories)	1221 Sc Owner Llc	Travis	-	-	-	-	1995	218,380	244
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	2.1	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
1137 Gunter St, Austin, TX 78721	196142	Apartments	Apartment High Rise (5+ stories)	Mason Manor Apartments Llc	Travis	3.5	$ 23,538,340	2025-07-25	$ 209.83	1966	112,176	140
827 W 12 St, Austin, TX 78701	196630	Apartments	Apartment High Rise (5+ stories)	827 West 12th Street Llc	Travis	1.7	$ 15,960,000	2024-07-17	$ 134.34	2022	118,800	144
1100 E Oltorf St 12, Austin, TX 78719	285278	Apartments	Apartment High Rise (5+ stories)	Tchfc Travis Park Land Llc	Travis	1.0	$ 79,800,000	2024-07-22	$ 473.98	1968	168,363	12
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.5	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	5.5	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.4	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
420 W Slaughter Ln, Austin, TX 78748	513069	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.2	$ 72,483,670	2024-08-26	$ 235.82	2006	307,374	308
6607 Brodie Ln, Austin, TX 78748	511568	Apartments	Apartment High Rise (5+ stories)	6607 Brodie Lane Owner Llc	Travis	5.2	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	5.2	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2

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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 ↕
—	1221 S Congress Ave, Austin, TX 78704	—	-	277,543	1995	218,380	$ 93,100,000	$ 58,284,076	-
Amplify Credit Union	84 N Interstate Hy 35, Austin, TX 78701	06/13/2025	$ 1,471,400	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
First United Bank & Trust Co	84 N Interstate Hy 35, Austin, TX 78701	05/29/2025	$ 420,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
John Hancock Life Insurance Co	1333 S Congress Ave, Austin, TX 78704	05/27/2025	$ 15,500,000	24,755	2019	21,939	$ 11,770,748	$ 5,198,550	Pep1329 South Congress Avenue
Logan Finance Corporation	84 N Interstate Hy 35, Austin, TX 78701	02/12/2025	$ 615,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Amplify Credit Union	84 N Interstate Hy 35, Austin, TX 78701	12/10/2024	$ 559,200	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Guaranteed Rate Inc	205 The Circle, Austin, TX 78704	11/19/2024	$ 1,040,000	4,082	2004	1,950	$ 885,125	$ 459,886
Guardian Mortgage Corp	84 N Interstate Hy 35, Austin, TX 78701	10/10/2024	$ 95,105	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Veritex Community Bank Na	1215 Newton St, Austin, TX 78704	08/02/2024	$ 1,820,000	14,636	1941	1,331	$ 946,637	$ 699,129	1215 Newton Llc
First United Bank & Trust Co	84 N Interstate Hy 35, Austin, TX 78701	08/01/2024	$ 608,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Guardian Mortgage Corp	84 N Interstate Hy 35, Austin, TX 78701	07/15/2024	$ 164,520	17,651	2023	276,900	$ 109,508,744	$ 8,825,255

Mean$ 1,264,353

Median$ 555,100.0

Loan Amount Range$ 95,105 - $ 15,500,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1221 S CONGRESS AVE, AUSTIN, TX 78704-2403	143ATX	9708192869	NONCLASSIFIED ESTABLISHMENTS
1221 S CONGRESS AVE APT 711, AUSTIN, TX 78704-2406	AMW DESIGN INTERVENTION	8478499142	NONCLASSIFIED ESTABLISHMENTS

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License Details

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