Austin  »  78702  »  Chestnut

2823 East Martin Luther King Junior Boulevard, Austin, TX 78702

Chestnut, Austin
Building in Chestnut
4 Stories
Built in 2016
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Welcome to 2823 East Martin Luther King Junior Boulevard, a building located in Chestnut, Austin in Austin, TX. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2016. There are a total of 4 floors. Finally, 2823 East Martin Luther King Junior Boulevard was most recently sold on Jun 20, 2008 for $3,990,000. The market value for the land that the building sits on has been listed at $28,943,006. In addition, improvements upon the building have an added value of $79,056,994. In total, the total market value of the property as a whole is $108,000,000. According to local assessors, the total value of the building is currently valued at $108,000,000. Specifically, the value of the land that the property sits on has been assessed at $28,943,006. The building was last assessed in 2023. There is another building on the same land that 2823 East Martin Luther King Junior Boulevard was built on.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
2016
Effective Year Built
2016
Building Count
2
Bedroom Count
0
Building Condition
Good
Building Quality
B
Construction Type
unknown
Building Style
Multifamily
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
Hip
Roof Cover Type
Composition shingle
Floor Count
4
Living Units
742
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
Garage
Garage Square Area
76,644
Parking Space Count
240
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
CHESTNUT STATION WEST
Land Acres
8.306
Standard Land Use Code
Multi-family dwellings (generic, 2+)
County Land Use Code
unknown
State Land Use Code
unknown
Legal Description 1
CHESTNUT STATION WEST LOT 1 & LOT 2 BLK C CHESTNUT STATION&CHESTNIT STATION SEC 2RSB
Ownership
Current Owner
FREEHAVEN DEVELOPMENT INC
Current Owner's Name
GUGV EASTSIDE AUSTIN PROPERTY OWNING LLC
Previous Owner
OVANDO HOLDINGS EAST AUSTIN LP
Previous Owner's Name
FREEHAVEN DEVELOPMENT INC
Owner Address - City
AUSTIN
Owner Address - State
TX
Owner Address - ZIP Code
78730
Owner Last Name
GUGV EASTSIDE AUSTIN PROPERTY
Owner Before Previous Owner
OVANDO HOLDINGS EAST AUSTIN LP
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Austin Independent School District
School Tax School District
AUSTIN ISD
Census Tract
000803
Zoning
Geography
Assessors Map Reference
0212121401
Account Number
852940
Parcel
852940
Block
C
Lot
1,2
Lot Code
unknown
Municipality
CITY OF AUSTIN
Latitude
30.2806
Longitude
-97.7102
FIPS
48453
Mailing Carrier Code
R049
Mailing Full Street Address
6300 BRIDGE POINT PKWY # 3
Mailing House Number
6300
Mailing Street Mode
PKWY
Mailing Street
BRIDGE POINT
Mailing Unit Number
3
Mailing Unit Type
#
Mailing 4-Digit Zip Code
5073
Old APN
02121214010000
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2023-08-17 03:47:00
UCID Flag
C
More About The Building
In total, the building area is listed as 302,967 square feet. The building itself has 302,967 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 2823 East Martin Luther King Junior Boulevard is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Chestnut area have a median price of $2,800. Those in the 25th percentile, have a price around $2,648. While those in the 75th percentile, have a price around $2,998. Typically, the buildings in this area have a median sqft of 1,391. That means that the median price per sqft is around $2. In other words, the price per sqft for buildings in the 25th percentile is $2. While the price per sqft for buildings in the 75th percentile is $3. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There is currently a single advertised one bedroom listing.
  • There are currently a total of 2 two bedroom listings. The median price for these types of listings is $2,748. That's $3.30 price per sqft.

  • There is currently a single advertised three bedroom listing.
  • There are currently a total of 3 four bedroom listings. The median price for these types of listings is $3,000. That's $2.16 price per sqft.
About The Area
2823 East Martin Luther King Junior Boulevard is located in 78702. There are 22,617 people living here. There are 8,738 households. Most of these households have an average family size of 3.43 people. According to the census, 55% are currently renting while 45% own their homes. The median age of this population is around 33.5 years old. On average, most folks in the zipcode are unmarried. About 37% of folks speak a language other than English in this area. The area's employment rate is currently around 66%. Speaking of employment, the median income is $48,174. Most folks will commute by car for around 20.1 minutes. Finally, we know that 22% of residents in the area have graduated with their high school degree. Additionally, 24% and 12% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Travis County, Texas has a population of 1,148,176 people. Based on census records, there are 437,831 registered households. Families in this area are on average made up of 3.3 people per household. Most folks are unmarried. They are also typically around 33.3 years old. Does diversity matter to you? Right now, 31% of folks speak a language other than English here. About 48% rent while 52% purchased their homes. Right now, the community is made up of 17% of residents who have graduated with at least a high school degree. On top of that, 30% have a Bachelor's degree and 17% have a Master's degree. The employment rate is currently around 68.4%. Those employed, have a median income of $64,422. If you move here, you can expect to commute mostly by car for around 25.0 minutes.

Finally, let's take a look at the stats related to Austin, TX Urban Area. The urban area is home to 1,539,746 people. A total of 567,769 households are registered here. With average family sizes being listed at 3.36 people. About 17% of residents have graduated with a high school degree. Of the rest, 29% have their Bachelor's and 16% have their Master's degree. Folks speaking a language other than English, make up about 29% of the population. Looking to move to this urban area? You'll need to look forward to commuting by car for around 25.4 minutes. Speaking of your commute, 68.2% of people in this area are employed. The recorded median income is currently at $67,435 per year. The median population age has been listed at 33.4 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 45% of the population while homeowners are at about 55% of the population.
-
Studio Median Rent
-
1BR Median Rent
$2,748
2BR Median Rent
-
3BR Median Rent
PUBLIC TRANSIT
18
2833 Martin Luther King Jr/Alexander (Under 500 ft - 3 min walk)
Capital Metro
18
2832 Martin Luther King Jr/Alexander (Under 500 ft - 3 min walk)
Capital Metro
465
550
MLK Jr Station (520 ft - 3 min walk)
Capital Metro
18
2915 Martin Luther King/Clifford (760 ft - 3 min walk)
Capital Metro
18
2918 Martin Luther King Jr/Clifford (820 ft - 3 min walk)
Capital Metro

Nearby Schools

(within attendance boundary)
CAMPBELL EL  •  0.24 mi
2613 Rogers Ave, Austin, TX 78722
Public  •  Elementary  •  Grades PK to 5
Austin Independent School District
KEALING M S  •  0.99 mi
1607 Pennsylvania Ave, Austin, TX 78702
Public  •  Middle School  •  Grades 6 to 8
Austin Independent School District
GARZA INDEPENDENCE H S  •  0.71 mi
1600 Chicon, Austin, TX 78702
Public  •  High School  •  Grades 11 to 12
Austin Independent School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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