[AGL] 301 West Ave. Austin TX 78701

[Frances Morey]

Thank you for chiming in. Always appreciated. But how did you find this
site?
Best,
Frances

On Wed, Jul 3, 2019 at 12:23 PM Fortysomething BadGirls <
dianenwade at gmail.com> wrote:

> If i might chime in, they are really investment properties and nothing
> more. No one actually lives in them. There are many in China that stand
> vacant for the same reason. Interesting article on these ventures in
> Rueters. Dr. Taylor, who has now transferred to University in San Antonio
> is an expert in Chinese economics. Chair over Political Science and
> Geography. He travels to China several times a year to lecture. He could
> tell you more about it.
>
> On Tuesday, July 2, 2019, Michael Eisenstadt <mike.eisenstadt at gmail.com>
> wrote:
>
>> 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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