NOT LISTED FOR SALE

1317 Apache Tears Horseshoe Bay, TX 78657

Estimated Value: $2,193,000

0.77 Acre
$2,848,052 Price per Acre
33,541 Sq Ft Lot

Last Sold August 28, 2015

Current estimated payment $15,358/month

137 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • Panoramic View

About This Lot

As of August 2015

$500,000 off original asking price! East-facing open water Escondido lot in an exclusive gated subdivision on the picturesque shores of Lake LBJ; the finest constant level lake in Texas. Lago Escondido is a part of the nationally ranked Tom Fazio golf course and is among the top 10 Texas golf courses. Lot ownership includes membership to the private equity club; valued at approximately $125,000. Escondido offers a 30,000 sq ft club house with upcoming spa, La Hacienda, Lake Club with pool.

Last Agent to Sell the Property

Jason Coleman

Coleman Team Realty, LLC License #0517631 Listed on: 03/17/2015

Last Buyer's Agent

Non Member

Non Member License #785011

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $37,674

Lot Details

  • Lake Front
  • Sloped Lot

HOA Fees

  • $106 Monthly HOA Fees

Property Views

  • Lake
  • Panoramic
  • Hills

Utilities

  • Underground Utilities
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 1263700000120
  • 2% Total Tax Rate

Community Details

Recreation

  • Golf Course Community

Property Details

Property Type

Land

Est. Annual Taxes

$37,674

Lot Details

0

HOA Fees

$106 per month

Listing Details

  • Property Type: Lot
  • Property Sub Type: Single Lot
  • Access Instructions: See Agent
  • Architect Approved: Yes
  • Builder Restricted: No
  • Restrictions: Yes
  • Restrictions Type: Building Size, City Restrictions, Deed Restrictions
  • Ratio Close Price By List Price: 0.99139
  • Ratio Close Price By Original Li: 0.80816
  • Ratio Current Price By Lot Size: 1285714.29
  • Special Features: None

Interior Features

  • View: Hill Country, Lake/River, Panoramic
  • Improvements: Public Maintained Road, Public Water
  • Region: Burnet/Llano

Exterior Features

  • Trees: Moderate
  • Waterfront: Yes
  • Waterfront Description: Lake
  • Water Access: Yes
  • Water Access Description: Lake
  • Soil Type: See Agent
  • Livestock: No
  • Body Of Water: Lake Lbj

Utilities

  • Sewer: City At Street
  • Utilities: Underground
  • Water Source: City

Condo/Co-op/Association

  • Gated Community: Yes
  • HOA: Yes
  • HOA Fee Includes: See Agent
  • Association Fee Frequency: Annually
  • Association Fee: 1273
  • Community Web Site: http://escondidotexas.com/
  • Hoa Name: Escondido POA
  • H O A Requirement: Mandatory

Schools

  • School District: Llano ISD
  • School District: Llano ISD
  • Elementary A: Packsaddle
  • Intermediary: Yes
  • Middle Intermediate School: Llano
  • Junior High School: Llano
  • High School: Llano

Lot Info

  • Endangered Species: Unknown
  • Land Sq Ft: 33541.000
  • Lot Features: Curbs, In Golf Course Community, Lakefront, Sloped
  • Lot Size Area: 0.770
  • Lot Size: see survey
  • Surface Water: No
  • Topography: Sloping
  • Type of Home Allowed: Approval Required
  • Zoning: Unknown
  • Parcel Number: 1263700000120
  • M A P S C O Page: 72

Tax Info

  • Tax Rate: 1.74500000000000
  • Tax Amount: 2761.00
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2015
Closed on
Aug 26, 2015
Sold by
Reese James Rocky and Reese Carol
Bought by
Palermo Michael Alan
Seller's Agent
Jason Coleman
Coleman Team Realty, LLC
Buyer's Agent
Non Member
Non Member
List Price
$1,225,000
Current Estimated Value
$2,193,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.01%
Original Mortgage
$788,000
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 12, 2008
Sold by
Ness O R Van and Ness Betty Van
Bought by
Reese James R and Reese Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2007
Sold by
Hb Lago Escondido Ltd
Bought by
Reese James Rocky and Reese James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,430,000
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Palermo Michael Alan -- None Available
Reese James R $2,208,750 None Available
Reese James Rocky -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Palermo Michael Alan $788,000
Previous Owner Reese James R $228,750
Previous Owner Reese James Rocky $1,430,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2015 08/28/15 Sold -- -- --
08/01/2015 08/01/15 Pending -- -- --
03/17/2015 03/17/15 For Sale $1,225,000 -- --
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $37,674 $2,858,330 $1,895,410 $962,920
2023 $22,545 $1,653,540 $1,653,540 $0
2021 $16,690 $1,034,260 $1,034,260 $0
2020 $14,172 $880,240 $880,240 $0
2019 $11,119 $657,530 $657,530 $0
2018 $11,774 $680,440 $680,440 $0
2017 -- $680,440 $680,440 $0
2016 -- $326,900 $326,900 $0
2015 -- $473,580 $473,580 $0
2014 -- $157,810 $157,810 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 3929472

Unlock MLS (Austin Board of REALTORS®)

APN: 57672