ActiveResidential · sale

1 Towers Park Ln

San Antonio, TX 78209

$50,000

  • 2 beds
  • 1,034 sq ft
  • Built 1988

Listed by Phyllis Browning Company · MLS #1870570

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1988.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Gorgeous, updated, pristine D floor plan with fabulous 10th floor views. This unit is also close to the elevator! The Towers on Park Lane is an Exclusive Luxury High Rise Co-op for adults 55 years + The Towers offers a lifestyle much like that of living in a Luxury Hotel. Upon arrival you are greeted by a valet who will park your car and take your personal items up to your residence. Numerous concierges are available to help with your every need. Located in the lobby is a beautiful white tablecloth restaurant and a darling bistro to grab a quick bite if you don't feel like cooking. Better yet- order room service and have your meal delivered! The building amenities are tremendous and feature a heated indoor pool and spa, locker rooms and a fitness center and that includes a variety of classes and work out equipment, a gorgeous 4 1/2 acre park with walking trails, outdoor patios and personal gardening beds, a library, card room, an astounding wood working shop, business center, CLUB 22 - an oak paneled lounge on the 22nd floor with large windows and balconies overlooking the downtown skyline, an art studio, billiards table, two laundry facilities on every floor for those residence that do not have W/D connections, on site storage units, ten guest suites on the second floor, EV charging stations, meeting and banquet rooms with catering services available thru the food & beverage department and above all 24/7 Resident Safety Officers! The many benefits provided in the monthly Co-op fee include weekly housekeeping, Wi-fi/ Cable TV (including Showtime and HBO)/ water and garbage, concierge and valet services, fitness instructor for personal training and group classes, scheduled transportation, recreational/ educational/ cultural and social programs, secured covered parking with direct entry to the building, 24 hour security and surveillance of grounds, monitored fire alarms and sprinkler system throughout building, monitored emergency call system in each residence. In addition to all that the Co-Op provides the residents have an active and close knit community offering many engaging social opportunities! The building is an extension of your personal living space and there is something special for everyone. The Co-op has a well-funded financial reserve and can boast they have never had a special assessment.

THE NEIGHBORHOOD

Explore the location.

1 Towers Park Ln, San Antonio, TX 78209

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THE DETAILS

The details, all in one place.

Category
Residential
Year built
1988
Full baths
2
Half baths
0
Accessibility
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Parcel
091311002202
HOA
ONE TOWERS PARK LANE
Elementary school
Lamar
Middle school
Mark Twain
High school
Fox Tech
Annual property tax
$2,122.93
HOA fee
$2,231.22

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$208.33
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1 Towers Park Ln, San Antonio, TX 78209 · MLS #1870570

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Listing information

MLS #1870570 · San Antonio Board of Realtors

Listing brokerage: Phyllis Browning Company
Listing agent: Amy Case

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.