6701 Burnet Rd, Austin, TX 78757 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2015Total Assessed Value $87,090,037County Travis

Property Details

The Apartments property 6701 Burnet Rd, Austin, TX 78757 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $87,090,037.

The gross building area is 267,091 square feet and the land area is 169,845 square feet for this Apartment High Rise (5+ stories) built in 2015.

Legal description: Lot 2 Travis County Subd No 1 & Lot 2 Gray Terrace

$87,090,037

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,659

Avg Rent

Property Image of 6701 Burnet Rd, Austin, TX 78757, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area267,091

Land Size169,845

Land Value$15,286,032

Improved Value$71,804,005

Total Assessed Value$87,090,037

Year Built2015

County NameTravis

Account Number235848

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space570

HeatingNone

PoolSwimming Pools

Type ConstructionOther

No of Stories5

Garage TypeParking Garage

Bedrooms32

Bathrooms39

PatioAvailable

Business Center1

Walk-in Closets1

Number of Units343

Elevator

Sales History

3/31/2020

Arms-length$61,375,000

Buyer

Cws Marq Burnet Lp

Seller

Addis Trust Burnet Llc

Book Number

2020052537

Recording Date

3/31/2020

Transaction Details

Cws Marq Burnet Lp acquired the property from Addis Trust Burnet Llc through a Arms-length transaction on 3/31/2020 for $61,375,000.

3/31/2020

Arms-lengthNot Disclosed

Buyer

Cws Marq Burnet Lp

Seller

Addis Trust Burnet Llc

Book Number

2020.52535

Recording Date

3/31/2020

Transaction Details

Cws Marq Burnet Lp acquired the property from Addis Trust Burnet Llc through a Arms-length transaction on 3/31/2020 for .

1/1/2017

Arms-length$73,100,000

Buyer

Cws Burnet Volente Llc

Seller

Burnet Mf Llc

Book Number

2016203072

Recording Date

1/1/2017

Transaction Details

Cws Burnet Volente Llc acquired the property from Burnet Mf Llc through a Arms-length transaction on 1/1/2017 for $73,100,000.

11/17/2016

Arms-lengthNot Disclosed

Buyer

Federal Home Loan Mortgage Corporation

Seller

Berkeley Point Capital Llc

Book Number

2016.203076

Recording Date

11/17/2016

Transaction Details

Federal Home Loan Mortgage Corporation acquired the property from Berkeley Point Capital Llc through a Arms-length transaction on 11/17/2016 for .

5/28/2014

Arms-lengthNot Disclosed

Buyer

Burnet Mf Llc

Seller

Burnet Residential Ind Lp

Book Number

2014077463

Recording Date

5/28/2014

Transaction Details

Burnet Mf Llc acquired the property from Burnet Residential Ind Lp through a Arms-length transaction on 5/28/2014 for .

5/28/2014

Arms-length$47,377,800

Buyer

Burnet Mf Llc

Seller

Burnet Residential Ind Lp

Book Number

2014077463

Recording Date

5/28/2014

Transaction Details

Burnet Mf Llc acquired the property from Burnet Residential Ind Lp through a Arms-length transaction on 5/28/2014 for $47,377,800.

5/31/2013

Arms-lengthNot Disclosed

Buyer

Burnet Residential Ind Lp

Seller

Stepan Debra A & Stepan John Ed

Book Number

2013101608

Recording Date

5/31/2013

Transaction Details

Burnet Residential Ind Lp acquired the property from Stepan Debra A & Stepan John Ed through a Arms-length transaction on 5/31/2013 for .

5/28/2013

Arms-lengthNot Disclosed

Buyer

Kester Metha Diane

Seller

Kester Metha Diane

Book Number

2013109070

Recording Date

5/28/2013

Transaction Details

Kester Metha Diane acquired the property from Kester Metha Diane through a Arms-length transaction on 5/28/2013 for .

9/7/2012

Arms-length$237,500

Buyer

Garcia Erin D

Seller

Shawn Gary

Book Number

2012150661

Recording Date

9/7/2012

Transaction Details

Garcia Erin D acquired the property from Shawn Gary through a Arms-length transaction on 9/7/2012 for $237,500.

1/25/2008

Arms-length$3,400,000

Buyer

Stepan John Ed & Stepan Debra A

Seller

6601 Burnet Partners Ltd

Book Number

2008014606

Recording Date

1/25/2008

Transaction Details

Stepan John Ed & Stepan Debra A acquired the property from 6601 Burnet Partners Ltd through a Arms-length transaction on 1/25/2008 for $3,400,000.

10/10/2007

Arms-lengthNot Disclosed

Buyer

Hall Jimmie And Metha Diane Kester Living Trust

Seller

Kester Jimmie Hall & Kester Mettia Diane

Book Number

2007189533

Recording Date

10/10/2007

Transaction Details

Hall Jimmie And Metha Diane Kester Living Trust acquired the property from Kester Jimmie Hall & Kester Mettia Diane through a Arms-length transaction on 10/10/2007 for .

9/11/2007

Arms-lengthNot Disclosed

Buyer

Spiritual Urban Warrior Llc

Seller

Travis County

Book Number

2007171567

Recording Date

9/11/2007

Transaction Details

Spiritual Urban Warrior Llc acquired the property from Travis County through a Arms-length transaction on 9/11/2007 for .

1/1/2006

Other$1,750,000

Buyer

Seller

Book Number

Recording Date

1/1/2006

Transaction Details

acquired the property from through a Other transaction on 1/1/2006 for $1,750,000.

Property constructed in 2015

YSale Price (USD) byXSales Year

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Mortgage History

3/31/2020

Helocs both purchase money and non purchase money helocs$49,100,000

Borrower

Cws Marq Burnet Lp

Lender

Landesbank Hessenthnringen Girozentrale

Book Number

2020052538

Recording Date

3/31/2020

Transaction Details

Cws Marq Burnet Lp borrowed the property from Landesbank Hessenthnringen Girozentrale through a Helocs both purchase money and non purchase money helocs transaction on 3/31/2020 for $49,100,000.

12/7/2016

Helocs both purchase money and non purchase money helocs$47,515,000

Borrower

Cws Burnet Volente Llc

Lender

Berkeley Point Capital Llc

Book Number

2016.203074

Recording Date

12/7/2016

Transaction Details

Cws Burnet Volente Llc borrowed the property from Berkeley Point Capital Llc through a Helocs both purchase money and non purchase money helocs transaction on 12/7/2016 for $47,515,000.

5/28/2014

Helocs both purchase money and non purchase money helocs$37,902,207

Borrower

Burnet Mf Llc

Lender

Wells Fargo Bank Na

Book Number

Recording Date

5/28/2014

Transaction Details

Burnet Mf Llc borrowed the property from Wells Fargo Bank Na through a Helocs both purchase money and non purchase money helocs transaction on 5/28/2014 for $37,902,207.

12/28/2012

Helocs both purchase money and non purchase money helocs$4,000,000

Borrower

Llano Residential Lp

Lender

Spiritual Urban Warrior Llc

Book Number

2012.222101

Recording Date

12/28/2012

Transaction Details

Llano Residential Lp borrowed the property from Spiritual Urban Warrior Llc through a Helocs both purchase money and non purchase money helocs transaction on 12/28/2012 for $4,000,000.

1/25/2008

Helocs both purchase money and non purchase money helocs$2,720,000

Borrower

Stepan John Ed

Lender

Independent Bank Of Austin Ssb

Book Number

2008014607

Recording Date

1/25/2008

Transaction Details

Stepan John Ed borrowed the property from Independent Bank Of Austin Ssb through a Helocs both purchase money and non purchase money helocs transaction on 1/25/2008 for $2,720,000.

Property constructed in 2015

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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	$15,286,032	$58,069,029	$73,355,061	$73,355,061	Cws Marq Burnet Lp	14 Corporate Plaza S...	Lot 2 Travis County ...	NC1	S13994	169,845	267,091
2025	$15,286,032	$71,804,005	$87,090,037	$87,090,037	Cws Marq Burnet Lp	14 Corporate Plaza S...	Lot 2 Travis County ...	NC1	S13994	169,845	267,091
2024	$15,286,032	$70,623,968	$85,910,000	$85,910,000	Cws Marq Burnet Lp	14 Corporate Plaza S...	Lot 2 Travis County ...	NC1	S13994	169,845	267,091
2023	$15,286,032	$77,063,968	$92,350,000	$92,350,000	Cws Marq Burnet Lp	14 Corporate Plaza S...	Lot 2 Travis County ...	NC1	S13994	169,845	267,091
2022	$15,286,032	$72,353,968	$87,640,000	$87,640,000	Cws Marq Burnet Lp	14 Corporate Plaza S...	Lot 2 Travis County ...	NC1	S13994	169,845	267,091
2021	$12,738,360	$56,081,640	$68,820,000	$68,820,000	Cws Marq Burnet Lp	14 Corporate Plaza S...	Lot 2 Travis County ...	08NC1	S13994	169,845	267,091
2020	$12,738,360	$63,211,640	$75,950,000	$75,950,000	Cws Marq Burnet Lp	14 Corporate Plaza S...	Lot 2 Travis County ...	08NC1	S13994	169,845	267,091
2019	$13,587,584	$56,202,416	$69,790,000	$69,790,000	Cws Burnet Volente L...	14 Corporate Plaza S...	Lot 2 Travis County ...	08NC1	S13994	169,845	267,091
2018	$11,541,430	$56,458,570	$68,000,000	$68,000,000	Cws Burnet Volente L...	14 Corporate Plaza S...	Lot 2 Travis County ...	08NC1	S13994	169,845	267,091
2017	$10,190,688	$62,339,312	$72,530,000	$72,530,000	Cws Burnet Volente L...	14 Corporate Plaza S...	Lot 2 Travis County ...	08NC1	S13994	169,845	264,642

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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 ↕
6701 Burnet Rd, Austin, TX 78757	235848	Apartments	Apartment High Rise (5+ stories)	Cws Marq Burnet Lp	Travis	-	$ 61,375,000	2020-03-31	$ 229.79	2015	267,091	343
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	1.4	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	1.1	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	1.1	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
3201 Esperanza Xing, Austin, TX 78758	753265	Apartments	Apartment High Rise (5+ stories)	Gateway Mckenzie Inc	Travis	4.0	$ 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	4.9	$ 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	4.7	$ 31,676,610	2025-11-12	$ 138.35	1993	228,966	276
10011 Stonelake Blvd, Austin, TX 78759	773804	Apartments	Apartment High Rise (5+ stories)	Stonelake Tx Partners Llc	Travis	3.5	$ 59,186,330	2025-09-30	$ 221.83	2014	266,815	330
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	2.2	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	0.8	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
1915 Wells Branch Pkwy, Austin, TX 78728	272659	Apartments	Apartment High Rise (5+ stories)	1915 Wbp Owner Llc	Travis	7.2	$ 32,585,000	2025-03-13	$ 145.64	1986	223,736	304

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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 ↕
—	6701 Burnet Rd, Austin, TX 78757	—	-	169,845	2015	267,091	$ 87,090,037	$ 15,286,032	-
Acre Originator Llc	8528 Burnet Rd, Austin, TX 78757	09/10/2025	$ 39,450,000	120,666	2024	276,841	$ 85,504,863	$ 5,429,950	Burnet Apartments Lp
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
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
Lrecs Holdings Iia Llc	824 Camino La Costa, Austin, TX 78752	06/30/2025	$ 22,325,000	264,845	2011	94,248	$ 29,400,976	$ 7,945,344	Firmus Centro 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
Origin Bank	9127 Research Blvd, Austin, TX 78758	04/03/2025	$ 150,000	128,206	2024	233,475	$ 73,900,000	$ 5,128,200
Loan Ranger Cap Inv Reit Llc	7920 Mullen Dr, Austin, TX 78757	03/24/2025	$ 5,620,000	13,499	2024	13,446	$ 779,422	$ 675,000	Workant Biz Llc
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

Mean$ 41,045,735

Median$ 17,471,500.0

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

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
6701 BURNET RD STE A-3, AUSTIN, TX 78757-0021	POUR HOUSE PUB	5122942279	BARS
6701 BURNET RD, AUSTIN, TX 78757-2855	KANGA ROOM SYSTEMS	5127771383	NONCLASSIFIED ESTABLISHMENTS
6701 BURNET RD APT 162, AUSTIN, TX 78757-2858	MICROBROWS	5126281578	HEALTH SPAS
6701 BURNET RD STE B3, AUSTIN, TX 78757-2878	SPAVIA DAY SPA AUSTIN	5125405426	MASSAGE THERAPISTS
6701 BURNET RD APT 161, AUSTIN, TX 78757-2858	MOORE BEAUTY	5125356869	SKIN TREATMENTS
6701 BURNET RD APT 162, AUSTIN, TX 78757-2858	MICROBROWS	5126281578	BEAUTY SALONS
6701 BURNET RD, AUSTIN, TX 78757-2855	PRIMITIVES FURNITURE	5123025497	FURNITURE-DEALERS-RETAIL
6701 BURNET RD STE B3, AUSTIN, TX 78757-2878	SPAVIA DAY SPA ON BURNET	5129565005	MASSAGE THERAPISTS
6701 BURNET RD APT 160, AUSTIN, TX 78757-2858	IDENTITY DIAMONDS LLC	5125183636	DIAMONDS
6701 BURNET RD, AUSTIN, TX 78757-2855	OGREN, ELIZABETH	5129007934	SPEECH PATHOLOGISTS

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License Details

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