Austinist: Austintatious Real Estate Listings

Modernchic

Mon, 02 Jul 2007 09:10:01 -0600

As someone else pointed out already, this is NOT Eddie Safady's place, but the one two doors down (right next to AMOA). EZS still owns his pad. This has been on the market for at least a couple of months, and was featured on the luxist blog back in May (with the same confusion in the comments with regard to it being EZS's place).

guest

Fri, 29 Jun 2007 11:08:02 -0600

The tax breaks are minimal, at best. The City gives these breaks but requires the structure be maintained and has sign-off on any changes to the exterior. To put it in perspective, the entire amount of tax breaks combined for every historic structure in this City does not reach the amount the City spent on one non-historic structure -- Las Manitas.

shilli

Thu, 28 Jun 2007 15:04:36 -0600

TCAD had the assessed value at $1,999,669.00 for 2006, so if this sells for $7.5M, the taxes may be going up, exemption or not. TCAD also confirms the current owner as Dennis Karbach. Old ABJ story on it here: http://www.bizjournals.com/austin/stories/2001/01/08/focus4.html Safady apparently owns 807 Congress.

guest

Thu, 28 Jun 2007 14:48:54 -0600

Zillow has the taxes listed as 2006 Property Tax $32,328

jooley ann

Thu, 28 Jun 2007 14:37:04 -0600

The listing mentions tax breaks. The taxes on 811 Congress are $13,347. Niles Road? $64,181. Dayum! +$50k difference?? Per year?? Those *are* some kinda tax breaks...!

guest

Thu, 28 Jun 2007 12:01:00 -0600

Yeah, and you don't have to share ANYTHING with ANYONE. Right.

guest

Thu, 28 Jun 2007 11:19:02 -0600

It's already what new urbanists are looking for. It's high density, borders the sidewalk, part of a coherent walkable neighborhood, etc.

guest

Wed, 27 Jun 2007 20:52:08 -0600

they should tear that shit down and put up a high density, multi-use, eco-friendly, downtown-living loft, brah.

guest

Wed, 27 Jun 2007 16:46:51 -0600

Yes, it's Dennis Karbach's place. Heritage Society gave it an award a couple of years back. Amazing home.

guest

Wed, 27 Jun 2007 16:43:43 -0600

This is the Karbach home. Done a couple years post Safady on the block.

adam rice

Wed, 27 Jun 2007 16:28:01 -0600

I guess Eddie must have bound and gagged the home's real owners to host extravagant parties for the literary crowd. It's true, investment banking just isn't as prosperous as it used to be. But resorting to behavior worthy of a classless brigand? Why, why?!? Well, at least we had the '80s. God, I'm so disillusioned.

ladylivewire

Wed, 27 Jun 2007 16:03:49 -0600

Ooh, I've been in there on a homes tour. Totally gorgeous place. Not for anyone who doesn't like stairs.

guest

Wed, 27 Jun 2007 15:35:27 -0600

This is not Eddie's home. It's much better.

guest

Wed, 27 Jun 2007 15:34:19 -0600

This is not Eddie's house. It's much better.

heyzeus

Wed, 27 Jun 2007 15:15:16 -0600

I guaran-f'in-tee that some lobbyist will own this place pronto. Btw, bring back hot real estate listings! That was a good feature.

adam rice

Wed, 27 Jun 2007 15:12:28 -0600

Oooh. That's the party-time fun house of Austin banking legend Eddie Safady. I've totally partied there and took pictures of the bathrooms... Lookie here!