NOT LISTED FOR SALE

501 Demarett Dr Unit 10 Lago Vista, TX 78645

Estimated Value: $251,594 - $305,000

3 Beds
2 Baths
1,608 Sq Ft
$173/Sq Ft Est. Value

Last Sold September 24, 2021

Current estimated payment $2,204/month

45 Days on Market

Highlights

  • Golf Course Community
  • Boat Ramp
  • Fishing
  • Lago Vista Elementary School Rated A-
  • Fitness Center
  • View of Trees or Woods

About This Home

As of September 2021

Live like you’re on vacation every day! STR-friendly community. Point Venture is one of the MOST amenity-rich communities on Lake Travis, including Marina, golf course & driving range, tennis, private park ON Lake Travis with private BOAT LAUNCH, playscape, swimming pool, gym, restaurant on the lake & more! Peaceful setting in a super convenient location to amenities, shopping & major employers. Stylishly updated townhome on corner lot. Crisp & clean. Spacious floor plan with a warm, peaceful vibe. Outdoor living space on two decks with a treetop view. A cook’s kitchen appointed with expansive countertops, stainless steel appliances & a cocktail bar. Nice! Primary bedroom & bath on the main floor. Bring your golf cart & enjoy what you’ve been missing. It’s a true Lake Travis gem. Welcome to Point Venture!

Last Agent to Sell the Property

Jason D. White

Central Metro Realty License #0522253 Listed on: 07/08/2021

Central Metro Realty

Last Buyer's Agent

Leslie Dominguez

Teifke Real Estate License #0739950

Teifke Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,913

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 1,786 Sq Ft Lot
  • West Facing Home
  • Level Lot

HOA Fees

  • $183 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Wood Siding
  • Stone Veneer

Interior Spaces

  • 1,608 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Double Pane Windows
  • Shutters
  • Views of Woods

Kitchen

  • Free-Standing Range
  • Microwave
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • Common or Shared Parking
  • Paved Parking

Outdoor Features

  • Boat Ramp
  • Balcony
  • Deck

Schools

  • Lago Vista Elementary And Middle School
  • Lago Vista High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Listing and Financial Details

  • Down Payment Assistance Available
  • Tax Lot 191
  • Assessor Parcel Number 01478309100000
  • 3% Total Tax Rate
  • Special Tax Authority

Community Details

Overview

  • Association fees include common area maintenance, insurance, landscaping, trash
  • Pvth Association
  • Visit Association Website
  • Point Venture Sec 02 B Subdivision
  • Mandatory home owners association
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • Community Lake

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Restaurant
  • Community Library

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Fishing
  • Park

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,913

Year Built

Built in 1972 | Remodeled

Lot Details

0

HOA Fees

$183 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Unit Style: 1st Floor Entry, Entry Steps
  • Restrictions: Deed Restrictions
  • Year Built: 1972
  • Additional Parcels: No
  • Direction Faces: West
  • Directions: Venture Dr > Left on Nicklaus Dr > Right on Demarett Dr (into townhome community) > Residence immediately on left (corner unit). Unassigned parking in front of residence.
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 3864.00
  • ETJ Extra Territorial Jurdn: See Remarks
  • FEMA Flood Plain: No
  • Fencing: None
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Guest Accommodation Description: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: Two
  • Living Area: 1608.00
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Title: Negotiable
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling-High, Counter-Granite, Interior Steps, Primary Bedroom on Main
  • Laundry Location: Laundry Room, Main Level
  • View: Trees/Woods
  • Flooring: Tile, Wood
  • Num Dining: 1
  • Num Living: 1
  • Num Other Level Beds: 2
  • Accessibility Features: None
  • Appliances: Microwave, Free-Standing Range, Refrigerator, Washer/Dryer
  • Main Level Bedrooms: 1
  • Property Condition: Resale, Updated/Remodeled
  • Security Features: None
  • Window Features: Double Pane Windows, Shutters

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms: 2
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Balcony, Boat Ramp
  • Roof: Composition
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Pool Features: None
  • Private Pool: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Common, Paved
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Insurance, Landscaping, Trash
  • Association Fee Frequency: Monthly
  • Association Fee: 183.00
  • Community Web Site: https://pointventure.com/index.html

Association/Amenities

  • Management Company: Contact Sherry Martinez - 5122671643
  • Association Name: PVTH
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: BBQ Pit/Grill, Fishing, Fitness Center, Golf Course, High Speed Internet, Lake, Library, Maintenance On-Site, Park, Picnic Area, Playground, Pool, Restaurant, Tennis Court(s)

Schools

  • School District: Lago Vista ISD
  • School District: Lago Vista ISD
  • Elementary School: Lago Vista
  • Middle School: Lago Vista
  • High School: Lago Vista
  • Elementary School: Lago Vista
  • High School: Lago Vista
  • Middle/Junior School: Lago Vista

Lot Info

  • Lot Features: Corner Lot, Level, Views
  • Special Assessment: Yes
  • Parcel Number: 01478309100000
  • Lot Size Acres: 0.0410
  • Lot Size Sq Ft: 1785.96
  • Subdivision Name: Point Venture Sec 02-B

Building Info

  • Construction Materials: Wood Siding, Stone Veneer
  • New Construction: No

Tax Info

  • Tax Filled Sqft Total: 1608
  • Tax Lot: 191
  • Tax Rate: 2.75157000000000
  • Tax Year: 2021
  • Tax Annual Amount: 1913.00
  • Tax Exemptions: Homestead, Over 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Sep 24, 2021
Sold by
Baker Matt
Bought by
Ceny Realty Corp
Seller's Agent
Jason D. White
Central Metro Realty
Buyer's Agent
Leslie Dominguez
Teifke Real Estate
List Price
$289,000
Current Estimated Value
$276,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.51%
Original Mortgage
$172,900
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2008
Sold by
Countrywide Bank Fsb
Bought by
Baker Matt

Purchase Details

Closed on
Jan 15, 2003
Sold by
Gharbi Maryam
Bought by
Rios Rosemary

Purchase Details

Closed on
Dec 7, 2001
Sold by
Gharbi Mohammad H
Bought by
Gharbi Maryam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 1997
Sold by
Archer Lowell M
Bought by
Kurth James C and Kurth Laura K
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
Ceny Realty Corp -- Austin Title Company
Baker Matt -- Utt
Rios Rosemary -- --
Gharbi Maryam -- --
Kurth James C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ceny Realty Corp $172,900
Previous Owner Gharbi Maryam $88,000
Previous Owner Gharbi Maryam $85,500
Closed Rios Rosemary $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold -- -- --
08/22/2021 08/22/21 Pending -- -- --
08/19/2021 08/19/21 Price Changed $274,000 -5.2% $170 / Sq Ft
08/09/2021 08/09/21 For Sale $289,000 0.0% $180 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/19/2021 07/19/21 Price Changed $289,000 -6.8% $180 / Sq Ft
07/08/2021 07/08/21 For Sale $310,000 -- $193 / Sq Ft
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
2025 $6,066 $262,684 $66,590 $196,094
2023 $6,689 $282,626 $30,000 $252,626
2022 $7,103 $276,305 $30,000 $246,305
2021 $3,824 $140,421 $24,000 $145,230
2020 $3,431 $127,655 $24,000 $103,655
2018 $2,992 $109,167 $24,000 $102,035
2017 $2,633 $99,243 $24,000 $95,954
2016 $2,393 $90,221 $24,000 $66,221
2015 $1,564 $90,977 $24,000 $86,544
2014 $1,564 $82,706 $24,000 $58,706
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 6719486

Unlock MLS (Austin Board of REALTORS®)

APN: 150973