1601 Royal Crest Dr, Austin, TX 78741 – Apartment High Rise (5+ stories)

ApartmentsYear Built 1970Total Assessed Value $74,665,136County Travis

Property Details

The Apartments property 1601 Royal Crest Dr, Austin, TX 78741 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $74,665,136.

The gross building area is 402,658 square feet and the land area is 882,604 square feet for this Apartment High Rise (5+ stories) built in 1970.

Legal description: Lot 8 Blk A Sec 3 & Lot 1 Blk A Sec 4 & Lot 9 & Pt Of Lot 10 Blk A Colorado Hills Estates Sec 5 1B & 2B Of Burton Terrace Sec 1 (Prorate From 01/01/2024 To 03/20/2024)

$74,665,136

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,380

Avg Rent

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area402,658

Land Size882,604

Land Value$39,717,225

Improved Value$34,947,911

Total Assessed Value$74,665,136

Year Built1970

County NameTravis

Account Number285478

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

FireplaceFireplace - Wood Burning

HeatingNone

PoolHot Tub/Spa/Jacuzzi,Swimming Pools

Roof CoverComposition shingle

Roof TypeGable

Type ConstructionWood

No of Stories3

Bedrooms8

Bathrooms6

PatioAvailable

Social Activities1

Shuttle Route1

Business Center1

9ft Ceilings1

Vaulted Ceilings1

Outside Storage1

Walk-in Closets1

Emergency Maintenance1

Number of Units2

Sales History

3/19/2024

In-house$66,768,660

Buyer

Mia Riverside Lp

Seller

Canyon Oaks Limited Partnership

Book Number

2024.29684

Recording Date

3/19/2024

Transaction Details

Mia Riverside Lp acquired the property from Canyon Oaks Limited Partnership through a In-house transaction on 3/19/2024 for $66,768,660.

3/19/2024

Arms-lengthNot Disclosed

Buyer

Mia Riverside Lp

Seller

Canyon Oaks Limited Partnership

Book Number

2024.29683

Recording Date

3/19/2024

Transaction Details

Mia Riverside Lp acquired the property from Canyon Oaks Limited Partnership through a Arms-length transaction on 3/19/2024 for .

11/20/2020

Other$67,500,000

Buyer

Canyon Oaks Lp

Seller

Book Number

Recording Date

11/20/2020

Transaction Details

Canyon Oaks Lp acquired the property from through a Other transaction on 11/20/2020 for $67,500,000.

6/11/2013

Arms-length$23,100,000

Buyer

Canyon Oaks Lp

Seller

S2s Canyon Oaks Associates Lp

Book Number

2013.107787

Recording Date

6/11/2013

Transaction Details

Canyon Oaks Lp acquired the property from S2s Canyon Oaks Associates Lp through a Arms-length transaction on 6/11/2013 for $23,100,000.

1/20/2012

Other$45,500

Buyer

Casassuarez Graciela

Seller

Federal National Mortgage Association

Book Number

Recording Date

1/20/2012

Transaction Details

Casassuarez Graciela acquired the property from Federal National Mortgage Association through a Other transaction on 1/20/2012 for $45,500.

8/30/2001

Arms-lengthNot Disclosed

Buyer

Pererson Family Enterprises Inc

Seller

S2s Canyon Oaks Association Lp

Book Number

2013107786

Recording Date

8/30/2001

Transaction Details

Pererson Family Enterprises Inc acquired the property from S2s Canyon Oaks Association Lp through a Arms-length transaction on 8/30/2001 for .

Property constructed in 1970

YSale Price (USD) byXSales Year

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Mortgage History

3/19/2024

New construction residential transactions$50,202,000

Borrower

Mia Riverside Lp

Lender

Berkeley Point Capital Llc

Book Number

2024.29685

Recording Date

3/19/2024

Transaction Details

Mia Riverside Lp borrowed the property from Berkeley Point Capital Llc through a New construction residential transactions transaction on 3/19/2024 for $50,202,000.

6/11/2013

New construction residential transactions$18,480,000

Borrower

Canyon Oaks Lp

Lender

Holliday Fenoglio Fowler Lp

Book Number

2013.107788

Recording Date

6/11/2013

Transaction Details

Canyon Oaks Lp borrowed the property from Holliday Fenoglio Fowler Lp through a New construction residential transactions transaction on 6/11/2013 for $18,480,000.

9/11/2006

Arms length residential transactions purchase or resales$18,825,000

Borrower

S2s Canyon Oaks Associates Lp

Lender

Column Financial Inc

Book Number

2006.177198

Recording Date

9/11/2006

Transaction Details

S2s Canyon Oaks Associates Lp borrowed the property from Column Financial Inc through a Arms length residential transactions purchase or resales transaction on 9/11/2006 for $18,825,000.

Property constructed in 1970

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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	$39,717,225	$29,654,747	$69,371,972	$69,371,972	Federal Home Loan Mo...	8100 Jones Branch Dr	Lot 8 Blk A Sec 3 & ...	TC	S03113	882,605	402,658
2025	$39,717,225	$29,876,775	$69,594,000	$69,594,000	Mia Riverside Lp	210 Le Grande Ave	Lot 8 Blk A Sec 3 & ...	TC	S03113	882,605	402,658
2024	$39,717,225	$32,038,837	$71,756,062	$71,756,062	Mia Riverside Lp	210 Le Grande Ave	Lot 8 Blk A Sec 3 & ...	SE	S03113	882,604	402,658
2023	$17,652,100	$56,367,900	$74,020,000	$74,020,000	Canyon Oaks Lp	1675 S State St Ste ...	Lot 8 Blk A Sec 3 & ...	SE	S03113	882,604	402,658
2022	$17,652,100	$47,777,900	$65,430,000	$65,430,000	Canyon Oaks Lp	1675 S State St Ste ...	Lot 8 Blk A Sec 3 & ...	SE	S03113	882,604	402,658
2021	$17,652,100	$47,047,900	$64,700,000	$64,700,000	Canyon Oaks Lp	1675 S State St Ste ...	Lot 8 Blk A Sec 3 & ...	08SE	S03113	882,604	402,658
2020	$17,652,100	$30,317,900	$47,970,000	$47,970,000	Canyon Oaks Lp	1675 S State St Ste ...	Lot 8 Blk A Sec 3 & ...	08SE	S03113	882,604	402,658
2019	$7,060,840	$34,939,160	$42,000,000	$42,000,000	Canyon Oaks Lp	1675 S State St Ste ...	Lot 8 Blk A Sec 3 & ...	08SE	S03113	882,604	402,658
2018	$7,060,840	$33,939,160	$41,000,000	$41,000,000	Canyon Oaks Lp	1675 S State St Ste ...	Lot 8 Blk A Sec 3 & ...	08SE	S03113	882,604	402,658
2017	$7,060,840	$26,690,360	$33,751,200	$33,751,200	Canyon Oaks Lp	1675 S State St Ste ...	Lot 8 Blk A Sec 3 & ...	08SE	S03113	882,604	402,658

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Showing 1 to 10 of 18 entries

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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 ↕
1601 Royal Crest Dr, Austin, TX 78741	285478	Apartments	Apartment High Rise (5+ stories)	Mia Riverside Lp	Travis	-	$ 66,768,660	2024-03-19	$ 165.82	1970	402,658	2
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	0.6	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
6607 Brodie Ln, Austin, TX 78748	511568	Apartments	Apartment High Rise (5+ stories)	6607 Brodie Lane Owner Llc	Travis	6.0	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
1915 Wells Branch Pkwy, Austin, TX 78728	272659	Apartments	Apartment High Rise (5+ stories)	1915 Wbp Owner Llc	Travis	13.9	$ 32,585,000	2025-03-13	$ 145.64	1986	223,736	304
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	11.6	$ 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	12.0	$ 31,676,610	2025-11-12	$ 138.35	1993	228,966	276
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
15835 Foothill Farms Loop, Pflugerville, TX 78660	481431	Apartments	Apartment High Rise (5+ stories)	Pleasanton Housing Finance	Travis	15.4	$ 93,288,860	2025-01-24	$ 266.05	2000	350,650	455
7631 W Hy U 290 S, Austin, TX 78736	315279	Apartments	Apartment High Rise (5+ stories)	S2 Vineyard Lp	Travis	9.2	$ 34,372,520	2024-06-06	$ 183.27	1999	187,554	202
1001 Collinwood W Dr, Austin, TX 78753	460752	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The City	Travis	9.8	$ 40,287,030	2024-07-30	$ 310.14	2000	129,900	2
3201 Duval Rd, Austin, TX 78759	504110	Apartments	Apartment Garden (1 - 4 stories)	The Realty Associates Fund Xii Portfolio Lp	Travis	11.9	$ 78,470,000	2025-07-08	$ 257.17	1993	305,124	358

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Nearby Lenders

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Search:

Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1601 Royal Crest Dr, Austin, TX 78741	—	-	882,604	1970	402,658	$ 74,665,136	$ 39,717,225	-
Standard Mortgage Corporation	1900 Woodland Ave, Austin, TX 78741	09/26/2025	$ 546,000	13,094	1971	2,073	$ 761,642	$ 332,345	-
First United Bk&tr Company	2209 Woodland Ave, Austin, TX 78704	06/06/2025	$ 355,000	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
First United Bank & Trust Co	2209 Woodland Ave, Austin, TX 78704	05/30/2025	$ 470,250	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
Protective Life Insurance Co	1900 Burton Dr, Austin, TX 78741	05/30/2025	$ 5,650,000	207,302	1972	98,546	$ 13,505,824	$ 4,146,000	Flats On Burton Llc
Walker & Dunlop Llc	1500 E Riverside Dr, Austin, TX 78741	04/29/2025	$ 13,000,000	337,869	1963	144,018	$ 32,290,000	$ 32,290,000	Park Place Associates Limited
Arixa Institutional Lndg Ptrs	2209 Woodland Ave, Austin, TX 78704	04/14/2025	$ 14,000,000	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
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
Foundation Communities Inc	2105 Parker Ln, Austin, TX 78741	12/30/2024	$ 50,000	340,639	2024	129,310	$ 1,389,564	$ 3,406,390	-
Texas Department Of Housing An	2105 Parker Ln, Austin, TX 78741	12/30/2024	$ 50,000	340,639	2024	129,310	$ 1,389,564	$ 3,406,390
Walker & Dunlop Llc	1616 Royal Crest Dr, Austin, TX 78741	12/17/2024	$ 8,185,000	211,671	1968	84,230	$ 11,436,140	$ 4,233,400

Mean$ 9,803,597

Median$ 705,467.5

Loan Amount Range$ 50,000 - $ 60,000,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

32075959125

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

9/18/2020

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	BULLSCAPES, LLC
	Address Line	1516 burton dr apt 3123
	City / State / Zip	austin TX 78741
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48453
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	78741
Registration Details	SOS Code	A

License Timeline

License Issued

9/18/2020

Currently Active

Status: -

Renewal Required

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