$179,000
SOLD AUG 28, 2020
Last list price

505 Demarett Dr Unit 12 Lago Vista, TX 78645

2 Beds
2 Baths
1,398 Sq Ft
$156/mo HOA Fee

Recently Sold

$128 Per Sq Ft

59 Days on Market

Highlights

  • Lake View
  • Deck
  • Wooded Lot
  • Lago Vista Elementary School Rated A-
  • Living Room with Fireplace
  • Cathedral Ceiling

About This Home

As of November 2022

Beautiful townhouse located in the resort village of Point Venture on beautiful Lake Travis. This unit has been remodeled please see attachment for list of all the upgrades. Amenities in this village include lake access, jr olympic sized swimming pool, floating restaurant, live music, tennis courts, playground, gym & more! Country and the Golf Course, Great opportunity to enjoy Lake Travis.Great for full-time living, vacation home or rental and short term rental.

Last Agent to Sell the Property

Kay Zazy

Kay Zazy, Broker License #0518503 Listed on: 06/26/2020

Kay Zazy, Broker

Last Buyer's Agent

Stacey Deville

Townes LLC License #0647266

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,170

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 24 x 75
  • Open Lot
  • Wooded Lot

HOA Fees

  • $156 Monthly HOA Fees

Property Views

  • Lake
  • Hills

Home Design

  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,398 Sq Ft Home
  • Beamed Ceilings
  • Cathedral Ceiling
  • See Through Fireplace
  • Living Room with Fireplace

Flooring

  • Bamboo
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Parking

  • Outside Parking
  • Off-Street Parking
  • Reserved Parking

Outdoor Features

  • Deck

Utilities

  • Central Heating
  • Underground Utilities
  • Electricity To Lot Line
  • Private Sewer

Community Details

  • Association fees include common area maintenance, common insurance, trash collection

Listing and Financial Details

  • Assessor Parcel Number 01478309120000
  • 3% Total Tax Rate

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,170

Year Built

Built in 1972

Lot Details

0

HOA Fees

$156 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Unit Style: See Agent
  • Access Instructions: Key In Lockbox
  • Guest Accommodations: No
  • Restrictions: Yes
  • Total Sq Ft: 1398
  • Steps: Exterior Steps, Interior Garage
  • Stories: 2
  • Year Built Exception: Resale
  • Restrictions Type: Deed Restrictions
  • Year Built: 1972
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Close Price By Sq Ft: 128.04
  • Ratio Current Price By Lot Size: 4475000.00
  • Ratio Current Price By Sq Ft: 128.04
  • Ratio List Price By Sq Ft: 128.04
  • Special Features: None
  • Year Built: 1972

Interior Features

  • Disability Features: No
  • Faces: West
  • Master Description: Full Bath
  • Kitchen: Breakfast Bar
  • Main Level Bedrooms: 1
  • Interior Amenities: Ceiling-Beam, Ceiling-Cathedral, Ceiling-High, Ceiling-Vaulted, Indoor Utilities, In-Law Plan, Walk-In Closet
  • Dining Description: Liv/Din Combo
  • View: Hill Country, Lake/River
  • Sprinkler System: Yes
  • Flooring: Bamboo, Tile - Hard
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room, See Through
  • Kitchen Appliances: Dishwasher, Disposal, Exhaust Fan Recirculating, Range-Free Standing, Refrigerator
  • Master Main: Yes
  • Num Dining: 1
  • Fireplaces: 1
  • Num Living: 1
  • Num Other Level Beds: 1
  • Num Parking Spaces: 2

Exterior Features

  • Pool on Property: No
  • Trees: Small (Under 20 Ft)
  • Waterfront: No
  • Exterior Features: Deck, Sidewalk
  • Roof: Composition Shingle
  • Construction: Frame
  • Horses Allowed On Property: No
  • Water Access: No
  • Foundation: Pier & Beam

Garage/Parking

  • Parking Features: 1 Reserved, Off Street, Outside

Utilities

  • Cooling: Central Air
  • Sewer: Private
  • Utilities: Electricity On Property, Underground
  • Heating: Central Heat, Electric
  • Water Source: Water District

Condo/Co-op/Association

  • HOA: Yes
  • HOA Fee Includes: Common Area Maintenance, Common Insurance, Trash Collection
  • Association Fee Frequency: Monthly
  • Association Fee: 156
  • Hoa Name: Point Venture POA
  • H O A Requirement: Mandatory

Schools

  • School District: Lago Vista ISD
  • School District: Lago Vista ISD
  • Elementary A: Lago Vista
  • Intermediary: No
  • Middle Intermediate School: Lago Vista
  • High School: Lago Vista

Lot Info

  • Fire Prevention: See Agent
  • Lot Features: Level, Open, Wooded
  • Lot Size Area: 0.040
  • Lot Size: 24 X 75
  • Parcel Number: 01478309120000

Tax Info

  • Tax Filled Sqft Total: 1398
  • Tax Rate: 2.89900000000000
  • Tax Amount: 2076.00
  • Tax Year: 2002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Nov 28, 2022
Sold by
Bryan Robert C and Bryan Victoria L
Bought by
Doyle Carly
Seller's Agent
Stephen Remore
eXp Realty LLC
Buyer's Agent
Ashley Darnell
Kuper Sotheby's Int'l Realty
List Price
$250,000
Current Estimated Value
$202,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.25%
Original Mortgage
$216,000
Outstanding Balance
$210,199
Interest Rate
6.58%
Mortgage Type
Balloon
Estimated Equity
$21,874

Purchase Details

Listed on
Jun 26, 2020
Closed on
Aug 28, 2020
Sold by
Abdulkader Jamal Ahmad and Dine Melissa Issam
Bought by
Bryan Robert C and Bryan Victoria L
Seller's Agent
Kay Zazy
Kay Zazy, Broker
Buyer's Agent
Stacey Deville
Townes LLC
List Price
$179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.86%
Original Mortgage
$161,100
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2016
Sold by
Kumar Nalin
Bought by
Abdulkader Mohamad

Purchase Details

Closed on
Jan 11, 2011
Sold by
Kumar Nalin
Bought by
Wammn Investments Llc & Hulu Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- --
Vendors Lien -- First American Title
Warranty Deed -- Capital Title Of Texas
Trustee Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $216,000 Balloon
Previous Owner $161,100 New Conventional
Previous Owner $112,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2023 10/17/23 Rented $1,625 +1.9% --
09/27/2023 09/27/23 For Rent $1,595 0.0% --
11/30/2022 11/30/22 Sold -- -- --
10/29/2022 10/29/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $250,000 +39.7% $179 / Sq Ft
08/28/2020 08/28/20 Sold -- -- --
06/26/2020 06/26/20 For Sale $179,000 -- $128 / 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
2023 $6,170 $271,010 $30,000 $241,010
2022 $5,932 $230,744 $30,000 $200,744
2021 $5,030 $184,708 $24,000 $160,708
2020 $3,554 $132,246 $24,000 $108,246
2019 $3,608 $132,246 $24,000 $108,246
2018 $3,573 $130,376 $24,000 $106,376
2017 $2,021 $76,196 $24,000 $52,196
2016 $2,189 $82,535 $24,000 $58,535
2015 $1,909 $100,500 $24,000 $76,500
2014 $1,909 $76,002 $24,000 $52,002
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 9251835

Unlock MLS (Austin Board of REALTORS®)

APN: 150975