[AGL] 301 West Ave. Austin TX 78701

[Michael Eisenstadt]

I looked up the giant 45+ storey skyscraper on 3d and West Ave in the 
Austin Real Estate Properties database 
(http://propaccess.traviscad.org/clientdb/SearchResults.aspx). See also 
the attached spread sheet about the property.

Apparently all the apartments are still owned by 3d and West LP (limited 
partners) and the property assessments are a joke, some as low as 
$40,000, about 1/5 to 1/10th of the appraised value of downtown condo 
apartments. As tax assessments are based on actual prices paid for 
comparable properties, presumably not a one of the apartments has ever 
been sold. As I said, as far as I can see, none of the apartments have 
residents as is indicated by the lack of furniture on any of the 100s of 
balconies. No lights on at night. All windows show drawn curtains. 
Perhaps the owner(s)' notion is to place a store of value offshore from 
China just in case the SHTF over there. If I understood the tax 
database, the overall value of the building is stated to be $3,999,999 
which is the bigest joke of all. If that is the case, the property tax 
on the building is derisory and there are no other costs than to keep 
the electricity turned on. As I mentioned, a Chinese friend of mine told 
me it was Chinese money that built it.
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