3607 S Lamar Blvd, Austin, TX 78704 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2017Total Assessed Value $74,900,000County Travis

Property Details

The Apartments property 3607 S Lamar Blvd, 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 $74,900,000.

The gross building area is 239,000 square feet and the land area is 114,310 square feet for this Apartment High Rise (5+ stories) built in 2017.

Legal description: Lot 1 Panther Trail Subd Amdended Lot 1

$74,900,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,891

Avg Rent

Property Image of 3607 S Lamar Blvd, Austin, TX 78704, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area239,000

Land Size114,310

Land Value$11,659,722

Improved Value$63,240,278

Total Assessed Value$74,900,000

Year Built2017

County NameTravis

Account Number306056

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Roof CoverComposition shingle

Type ConstructionWood

No of Stories1

Garage TypeCovered Parking/Carport,Parking Garage

Bedrooms18

Bathrooms18

Business Center1

Walk-in Closets1

Number of Units307

Sales History

12/1/2018

Arms-length$75,020,000

Buyer

Groves South Lamara Llc

Seller

Sl South Lamar Lp

Book Number

2018187363

Recording Date

12/1/2018

Transaction Details

Groves South Lamara Llc acquired the property from Sl South Lamar Lp through a Arms-length transaction on 12/1/2018 for $75,020,000.

6/19/2014

Other$4,725,000

Buyer

Seller

Book Number

Recording Date

6/19/2014

Transaction Details

acquired the property from through a Other transaction on 6/19/2014 for $4,725,000.

12/14/2009

Arms-lengthNot Disclosed

Buyer

Lamar 4jk Lp

Seller

Cnl Apf Partners Lp

Book Number

2009.207168

Recording Date

12/14/2009

Transaction Details

Lamar 4jk Lp acquired the property from Cnl Apf Partners Lp through a Arms-length transaction on 12/14/2009 for .

Property constructed in 2017

YSale Price (USD) byXSales Year

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Mortgage History

10/10/2014

Non arms length transactions with valid title company name no accomodations$1,250,000

Borrower

4jk Lp

Lender

Wells Fargo Bank

Book Number

2014.157271

Recording Date

10/10/2014

Transaction Details

4jk Lp borrowed the property from Wells Fargo Bank through a Non arms length transactions with valid title company name no accomodations transaction on 10/10/2014 for $1,250,000.

6/29/2010

Sale$1,000,000

Borrower

Lamar 4jk Lp

Lender

Wells Fargo Bank

Book Number

2010094089

Recording Date

6/29/2010

Transaction Details

Lamar 4jk Lp borrowed the property from Wells Fargo Bank through a transaction on 6/29/2010 for $1,000,000.

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	$11,659,722	$62,767,754	$74,427,476	$74,427,476	Groves South Lamar L...	2 Seaport Lne	Lot 1 Panther Trail ...	SC1	S18968	114,311	239,000
2025	$11,659,722	$63,240,278	$74,900,000	$74,900,000	Groves South Lamar L...	2 Seaport Lne	Lot 1 Panther Trail ...	SC1	S18968	114,311	239,000
2024	$11,659,722	$62,540,278	$74,200,000	$74,200,000	Groves South Lamar L...	2 Seaport Lne	Lot 1 Panther Trail ...	SC1	S18968	114,310	239,000
2023	$11,659,722	$76,340,278	$88,000,000	$88,000,000	Groves South Lamar L...	2 Seaport Lne	Lot 1 Panther Trail ...	SC1	S18968	114,310	239,000
2022	$7,201,593	$82,768,407	$89,970,000	$89,970,000	Groves South Lamar L...	2 Seaport Lne	Lot 1 Panther Trail ...	SC1	S18968	114,310	239,000
2021	$7,201,593	$61,103,407	$68,305,000	$68,305,000	Groves South Lamar L...	2 Seaport Lne	Lot 1 Panther Trail ...	08SC1	S18968	114,310	239,000
2020	$7,201,593	$64,598,407	$71,800,000	$71,800,000	Groves South Lamar L...	2141 Rosecrans Ave S...	Lot 1 Panther Trail ...	08SC1	S18968	114,310	239,000
2019	$16,096,088	$55,303,912	$71,400,000	$71,400,000	Groves South Lamar L...	2141 Rosecrans Ave S...	Lot 1 Panther Trail ...	08SC1	S18968	114,310	239,000
2018	$5,658,395	$56,134,066	$61,792,461	$61,792,461	Groves South Lamar	9600 N Mopac Expy St...	Lot 1 Panther Trail ...	08SC1	S18968	114,310	239,000
2017	$5,658,395	$18,341,605	$24,000,000	$24,000,000	Sl South Lamar Lp	9600 N Mopac Expy St...	Lot 1 Panther Trail ...	08SC1	S18968	114,310	279,000

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Showing 1 to 10 of 17 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 ↕
3607 S Lamar Blvd, Austin, TX 78704	306056	Apartments	Apartment High Rise (5+ stories)	Groves South Lamar Llc	Travis	-	$ 75,020,000	2018-12-01	$ 313.89	2017	239,000	307
1215 W Slaughter Ln, Austin, TX 78748	532875	Apartments	Apartment High Rise (5+ stories)	Domain Iron Rock Apartments Llc	Travis	5.0	$ 70,759,990	2025-07-17	$ 223.52	2001	316,572	300
420 W Slaughter Ln, Austin, TX 78748	513069	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	4.7	$ 72,483,670	2024-08-26	$ 235.82	2006	307,374	308
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	3.9	$ 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	2.8	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	7.0	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
9301 Old Bee Caves Rd, Austin, TX 78737	583370	Apartments	Apartment High Rise (5+ stories)	Lcp Mfiii Conservancy Llc	Travis	7.0	$ 36,020,390	2024-12-23	$ 180.27	2015	199,816	240
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	7.7	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	7.0	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
7631 W Hy U 290 S, Austin, TX 78736	315279	Apartments	Apartment High Rise (5+ stories)	S2 Vineyard Lp	Travis	5.7	$ 34,372,520	2024-06-06	$ 183.27	1999	187,554	202
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	9.8	$ 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 ↕
—	3607 S Lamar Blvd, Austin, TX 78704	—	-	114,310	2017	239,000	$ 74,900,000	$ 11,659,722	-
Southern Bancorp Bank	711 Eberhart Ln, Austin, TX 78745	05/21/2025	$ 3,465,370	71,735	1972	14,432	$ 3,535,840	$ 1,434,680	Svag Amazon Llc
Berkadia Commercial Mtg Llc	5112 S 1 St, Austin, TX 78745	04/30/2025	$ 7,100,000	193,054	1982	66,764	$ 14,200,000	$ 2,895,780	Terrain Apartments Llc
Rga Reinsurance Co	122 Sheraton Ave, Austin, TX 78745	02/28/2025	$ 37,950,000	146,405	2022	210,375	$ 71,597,625	$ 4,392,155
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
Everett Financial Inc	2505 Thornton Rd, Austin, TX 78704	11/25/2024	$ 326,250	172,715	2015	167,589	$ 28,000,000	-
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
Bellwether Ent Mtg Inv Llc	1016 W Stassney Ln, Austin, TX 78745	09/18/2024	$ 12,382,000	265,716	1984	73,070	$ 17,760,397	$ 2,657,160	Polaris Tx22b Llc
American Bank Na	1012 Baylor St, Austin, TX 78703	09/15/2024	$ 3,500,000	29,329	2025	45,000	$ 18,882,300	$ 4,401,260	Colorfield Llc

Mean$ 12,701,636

Median$ 2,872,685.0

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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Search:

Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
3607 S LAMAR BLVD, AUSTIN, TX 78704-8115	GROVES SOUTH LAMAR APARTMENTS	5124443607	APARTMENT FINDING & RENTAL SERVICE
3607 S LAMAR BLVD STE 103, AUSTIN, TX 78704-8178	DAVIES COLLABORATIVE	5128524310	ARCHITECTS

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Tenant Industry Distribution

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License Details

License Number

32092072639

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

2/13/2024

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	JPAK BUSINESS LLC
	Address Line	2314 e 7th st
	City / State / Zip	austin TX 78702
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	78702
Registration Details	SOS Code

License Timeline

License Issued

2/13/2024

Currently Active

Status: -

Renewal Required

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