• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TOWERS

Austin city life since 2007

  • News
    • Condo Projects
    • Neighborhoods
  • Listings
    • Austin Condo Guide
  • Newsletter
  • Realty
Search
You are here: Home / Market Analysis / Updated: Condo Fees by Building
Search suggestions: condos for sale • rainey street

Updated: Condo Fees by Building

towers staff July 27, 2007 Comment

As we have written before, one of most common questions asked by first time condo buyers — especially in Austin where the popularity of condos is rapidly on the rise — is how much individual buildings charge in monthly condo fees.

Condo fees fund the daily operations and maintenance of most condo buildings. They cover security, landscaping, cleaning of common area, common area energy use, maintenance, and other key building functions. On average, our research shows, condo unit owners can expect to pay $0.34 / SF / per month or $340 in monthly condo fees for a 1,000 SF unit. For more information on total condo costs, check out our detailed posting on condo cost of ownership.

Looking at detailed MLS records on more than 30 units on the market today, we recently calculated the rough fees for the major downtown condo buildings that currently have units on the market. Since then, we have received updated numbers from some of the projects and some additional data on two new projects. Almost universally, the fees seem to be calculated on a dollar-per-square foot basis that seems to remain relatively constant on all units throughout each building. So, condo fees are not higher for more expensive units, or units with more bedrooms, or units on higher floors compared to less desirable units of the same size in the same building.

In addition, the prices in the six new buildings that we have looked at our surprisingly constant — they vary from $0.28 / SF / Month to $0.40 / month — an amazingly tight range. If anyone has numbers for other buildings, send them to us and we will add them to the list.

Here are the building-by-building statistics:

Fee by Building – – – – – $ / SF / Month
Avenue Lofts
……………..$0.28
Milago
…………………..$0.31
The Sabine
……………….$0.33
360
……………………..$0.33
Plaza Lofts
………………$0.33
The Shore
………………..$0.36
Five Fifty Five Condos…….$0.40
All……………………..$0.34

As we get more information on additional building fees, we’ll keep updating this posting!

Related

Filed Under: Market Analysis

About towers staff

Real estate, architecture, and city planning. Email: austin@towers.net

Austin Homes with Seller Financing available

Seller Financing in Austin
Previous Post: « Update: Further Analysis of June Sales
Next Post: Strong Pre-Sales for Austin Four Seasons Condos »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  •  Schedule a showing

FEATURED Listings

2804 Lafayette Avenue #2
Austin, TX
Photo of 2804  Lafayette Avenue #2, Austin, TX 78722 (MLS # 6466792)
$679,988
30
  • Lot Size
    2,178 sqft

  • Home Size
    953 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

210 Lavaca Street #2711
Austin, TX
Photo of 210  Lavaca Street #2711, Austin, TX 78701 (MLS # 9784437)
$1,475,000
26
  • Lot Size
    109 sqft

  • Home Size
    1,423 sqft

  • Beds
    2 Beds

  • Baths
    3 Baths

View Virtual Tour
301 West Avenue #5103
Austin, TX
Photo of 301  West Avenue #5103, Austin, TX 78701 (MLS # 5945580)
$1,894,900
33
  • Lot Size

  • Home Size
    1,474 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

360 Nueces Street #907
Austin, TX
Photo of 360  Nueces Street #907, Austin, TX 78701 (MLS # 3584447)
$648,500
40
  • Lot Size
    131 sqft

  • Home Size
    852 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

View Virtual Tour
501 West Avenue #3701
Austin, TX
Photo of 501  West Avenue #3701, Austin, TX 78701 (MLS # 9503524)
$3,299,000
40
  • Lot Size
    157 sqft

  • Home Size
    2,517 sqft

  • Beds
    3 Beds

  • Baths
    3 Baths

austin condo report

Featured Buildings

  • The Independent
  • Fifth & West
  • 360
  • Austin City Lofts
  • W Residences
  • The Shore
  • 70 Rainey

Footer

LEGAL NOTICE

TREC Information About Brokerage Services (pdf)

Texas Real Estate Commission Consumer Protection Notice


TOWERS realty

Austin Condos For Sale

Agents

Downtown Buildings

Luxury Towers

  • Four Seasons Residences
  • W Hotel & Residences
  • The Austonian
  • 5 Fifty Five at Hilton

Most Popular

  • The Shore
  • 360 Condos
  • Seaholm Condos
  • Spring Condos
  • Milago Condos

New Construction

  • The Independent
  • 70 Rainey
  • Austin Proper
  • Fifth & West

Loft Style

  • Austin City Lofts
  • Brazos Place
  • The Sabine
  • Plaza Lofts
  • Brown Building

Resources

  • Austin Condo Guide
  • Condos For Sale
  • Condo Buyer FAQ
  • Property Search

Featured

Archives

Newsletter · About · Contact Us · DMCA · Privacy Policy · SLAPP · Copyright © 2007-2022 TOWERS.net · All Rights Reserved