2515 Elmont Dr, Austin, TX 78741 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2017Total Assessed Value $85,730,000County Travis

Property Details

The Apartments property 2515 Elmont 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 $85,730,000.

The gross building area is 272,084 square feet and the land area is 168,717 square feet for this Apartment High Rise (5+ stories) built in 2017.

Legal description: Lot A Oden Hughes Pleasant Valley Subd

$85,730,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,308

Avg Rent

Property Image of 2515 Elmont Dr, Austin, TX 78741, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area272,084

Land Size168,717

Land Value$9,279,380

Improved Value$76,450,620

Total Assessed Value$85,730,000

Year Built2017

County NameTravis

Account Number285503

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Roof CoverBuilt up

Type ConstructionConcrete

No of Stories1

Garage TypeParking Garage

Bedrooms13

Bathrooms13

PatioAvailable

Access Gates1

Business Center1

Number of Units339

Sales History

8/20/2021

Arms-length$59,000,000

Buyer

Bcf 1 Lakeshore Llc

Seller

Oh Elmont Lp

Book Number

2021190254

Recording Date

8/20/2021

Transaction Details

Bcf 1 Lakeshore Llc acquired the property from Oh Elmont Lp through a Arms-length transaction on 8/20/2021 for $59,000,000.

8/1/2021

Arms-length$92,000,000

Buyer

Soj Investments Llc

Seller

Oh Elmont Lp

Book Number

2021.190253

Recording Date

8/1/2021

Transaction Details

Soj Investments Llc acquired the property from Oh Elmont Lp through a Arms-length transaction on 8/1/2021 for $92,000,000.

8/31/2015

Arms-lengthNot Disclosed

Buyer

Oh Elmont Lp

Seller

1500 Spv Llc

Book Number

2015.139727

Recording Date

8/31/2015

Transaction Details

Oh Elmont Lp acquired the property from 1500 Spv Llc through a Arms-length transaction on 8/31/2015 for .

2/18/2014

Arms-length$4,375,000

Buyer

1500 Spv Llc

Seller

South Pleasant Valley Ltd

Book Number

201423612

Recording Date

2/18/2014

Transaction Details

1500 Spv Llc acquired the property from South Pleasant Valley Ltd through a Arms-length transaction on 2/18/2014 for $4,375,000.

5/23/2002

Arms-lengthNot Disclosed

Buyer

Amco Ventures Inc

Seller

Wadiwalls Mahmood

Book Number

2002095889

Recording Date

5/23/2002

Transaction Details

Amco Ventures Inc acquired the property from Wadiwalls Mahmood through a Arms-length transaction on 5/23/2002 for .

12/16/1999

Arms-lengthNot Disclosed

Buyer

Wadiwalla Mahmood

Seller

Arredondo Arthur

Book Number

1999156030

Recording Date

12/16/1999

Transaction Details

Wadiwalla Mahmood acquired the property from Arredondo Arthur through a Arms-length transaction on 12/16/1999 for .

6/23/1998

Arms-lengthNot Disclosed

Buyer

Arredondo Arthur

Seller

Podolnick Lena Novy

Book Number

5959541

Recording Date

6/23/1998

Transaction Details

Arredondo Arthur acquired the property from Podolnick Lena Novy through a Arms-length transaction on 6/23/1998 for .

4/25/1995

Arms-lengthNot Disclosed

Buyer

Podolnick Lena Novy

Seller

Podolnick Earl

Book Number

5491213

Recording Date

4/25/1995

Transaction Details

Podolnick Lena Novy acquired the property from Podolnick Earl through a Arms-length transaction on 4/25/1995 for .

11/15/1992

Arms-lengthNot Disclosed

Buyer

Podolnick Lena Novy

Seller

Podolnick Earl & Lena Novy Pod

Book Number

4099/855

Recording Date

11/15/1992

Transaction Details

Podolnick Lena Novy acquired the property from Podolnick Earl & Lena Novy Pod through a Arms-length transaction on 11/15/1992 for .

Property constructed in 2017

YSale Price (USD) byXSales Year

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Mortgage History

8/25/2021

Sale$47,200,000

Borrower

Soj Investments Llc

Lender

Cbre Capital Markets Inc

Book Number

2021190255

Recording Date

8/25/2021

Transaction Details

Soj Investments Llc borrowed the property from Cbre Capital Markets Inc through a transaction on 8/25/2021 for $47,200,000.

10/2/2015

Reo and trustee deeds$36,968,059

Borrower

Oh Elmont Lp

Lender

Wells Fargo Bank

Book Number

2015159172

Recording Date

10/2/2015

Transaction Details

Oh Elmont Lp borrowed the property from Wells Fargo Bank through a Reo and trustee deeds transaction on 10/2/2015 for $36,968,059.

2/18/2014

Helocs both purchase money and non purchase money helocs$3,500,000

Borrower

1500 Spv Llc

Lender

City Bank

Book Number

2014.23613

Recording Date

2/18/2014

Transaction Details

1500 Spv Llc borrowed the property from City Bank through a Helocs both purchase money and non purchase money helocs transaction on 2/18/2014 for $3,500,000.

5/24/2010

Arms length residential transactions purchase or resales$35,026

Borrower

Wadiwalla Mahmood

Lender

Propel Financial Services Llc

Book Number

2010.77754

Recording Date

5/24/2010

Transaction Details

Wadiwalla Mahmood borrowed the property from Propel Financial Services Llc through a Arms length residential transactions purchase or resales transaction on 5/24/2010 for $35,026.

Property constructed in 2017

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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	$9,279,380	$74,234,605	$83,513,985	$83,513,985	Bcf 1 Lakeshore Llc	300 N Greene St Ste ...	Lot A Oden Hughes Pl...	SE	S19077	168,716	272,084
2025	$9,279,380	$76,450,620	$85,730,000	$85,730,000	Bcf 1 Lakeshore Llc	300 N Greene St Ste ...	Lot A Oden Hughes Pl...	SE	S19077	168,717	272,084
2024	$9,279,380	$85,950,620	$95,230,000	$95,230,000	Bcf 1 Lakeshore Llc	300 N Greene St Ste ...	Lot A Oden Hughes Pl...	SE	S19077	168,717	272,084
2023	$9,279,380	$94,140,620	$103,420,000	$103,420,000	Bcf 1 Lakeshore Llc	300 N Greene St Ste ...	Lot A Oden Hughes Pl...	SE	S19077	168,717	272,084
2022	$9,279,380	$74,720,620	$84,000,000	$84,000,000	Bcf 1 Lakeshore Llc	300 N Greene St Ste ...	Lot A Oden Hughes Pl...	SE	S19077	168,717	544,168
2021	$9,279,380	$62,540,620	$71,820,000	$71,820,000	Oh Elmont Lp	901 S Mopac Expressw...	Lot A Oden Hughes Pl...	08SE	S19077	168,717	272,084
2020	$9,279,380	$67,670,620	$76,950,000	$76,950,000	Oh Elmont Lp	901 S Mopac Expressw...	Lot A Oden Hughes Pl...	08SE	S19077	168,717	272,084
2019	$5,905,060	$69,234,940	$75,140,000	$75,140,000	Oh Elmont Lp	901 S Mopac Expressw...	Lot A Oden Hughes Pl...	08SE	S19077	168,717	272,084
2018	$4,217,900	$65,942,100	$70,160,000	$70,160,000	Oh Elmont Lp	901 S Mopac Expressw...	Lot A Oden Hughes Pl...	08SE	S19077	168,717	273,692
2017	$4,217,900	$14,167,667	$18,385,567	$18,385,567	Oh Elmont Lp	901 S Mopac Expressw...	Lot A Oden Hughes Pl...	08SE	S19077	168,717	273,692

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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 ↕
2515 Elmont Dr, Austin, TX 78741	285503	Apartments	Apartment High Rise (5+ stories)	Bcf 1 Lakeshore Llc	Travis	-	$ 59,000,000	2021-08-20	$ 216.84	2017	272,084	339
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	0.5	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	4.2	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	7.1	$ 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	6.4	$ 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	7.0	$ 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	6.5	$ 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	6.5	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
1215 W Slaughter Ln, Austin, TX 78748	532875	Apartments	Apartment High Rise (5+ stories)	Domain Iron Rock Apartments Llc	Travis	7.3	$ 70,759,990	2025-07-17	$ 223.52	2001	316,572	300
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	6.0	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	9.4	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-

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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 ↕
—	2515 Elmont Dr, Austin, TX 78741	—	-	168,717	2017	272,084	$ 85,730,000	$ 9,279,380	-
First United Bank & Trust Co	1308 Tinnin Ford Rd, Austin, TX 78741	06/27/2025	$ 136,000	993	2017	1,891	$ 648,876	$ 240,000
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
United Wholesale Mortgage Llc	1305 Town Creek Dr, Austin, TX 78741	05/21/2025	$ 648,000	1,241	2016	2,528	$ 821,199	$ 244,320
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

Mean$ 30,142,098

Median$ 707,275.0

Loan Amount Range$ 50,000 - $ 525,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1500 S PLEASANT VALLEY RD STE 205, AUSTIN, TX 78741-3163	TEJANOS	5124445454	DISABILITY SERVICES
1500 S PLEASANT VALLEY RD STE 205, AUSTIN, TX 78741-3163	TEJANOS	5124445454	BUS LINES
1500 S PLEASANT VALLEY RD, AUSTIN, TX 78741-3162	CALERO TAX SVC	5128045266	TAX RETURN PREPARATION & FILING

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License Details

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