NOT LISTED FOR SALE

506 Demarett Dr Unit 4 Lago Vista, TX 78645

Estimated Value: $235,290

3 Beds
2 Baths
1,626 Sq Ft
$145/Sq Ft Est. Value

Last Sold October 18, 2017

Current estimated payment $1,956/month

Highlights

  • Lake View
  • Deck
  • Tile Flooring
  • Lago Vista Elementary School Rated A-
  • Covered patio or porch
  • Central Heating

About This Home

As of October 2017

Nicely updated Townhome with 3 Bedrooms and 2 Full Baths! Fully Furnished, this unit is ready for short term renters, or is perfect for that second home........Point Venture Amenities include: 50 Acre Waterfront Park, Community Pool, Tennis Court, Fitness Center & The Gnarly Gar Floating Restaurant!

Last Agent to Sell the Property

Debra Jennings

Compass RE Texas, LLC License #0533690 Listed on: 09/17/2017

Compass RE Texas, LLC

Last Buyer's Agent

Susan Palomino

RE/MAX Suburbia License #0531948

RE/MAX Suburbia

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,131

Year Built

  • Built in 1972

Lot Details

  • 1,742

HOA Fees

  • $157 Monthly HOA Fees

Property Views

  • Lake
  • Hills

Home Design

  • Composition Shingle Roof
  • Pier And Beam

Interior Spaces

  • 1,626 Sq Ft Home
  • Window Treatments

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Parking

  • Outside Parking
  • Reserved Parking

Outdoor Features

  • Deck
  • Covered patio or porch

Utilities

  • Central Heating
  • Electricity To Lot Line

Community Details

Listing and Financial Details

  • Tax Lot 154
  • Assessor Parcel Number 01478308040000
  • 3% Total Tax Rate

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,131

Year Built

Built in 1972

Lot Details

0

HOA Fees

$157 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Unit Style: Entry Steps
  • Guest Accommodations: No
  • Restrictions: Yes
  • Total Sq Ft: 1626
  • Steps: Back Steps, Front Steps, Interior Steps
  • Stories: 2
  • Year Built Exception: Resale
  • Restrictions Type: Covenant, Deed Restrictions
  • Year Built: 1972
  • Ratio Close Price By List Price: 0.93706
  • Ratio Close Price By Original Li: 0.93706
  • Ratio Close Price By Sq Ft: 82.41
  • Ratio Current Price By Lot Size: 3268292.68
  • Ratio Current Price By Sq Ft: 82.41
  • Ratio List Price By Sq Ft: 87.95
  • Special Features: None
  • Year Built: 1972

Interior Features

  • Disability Features: No
  • Master Description: Full Bath, Walk-In Closet
  • Kitchen: Tile Counters
  • Main Level Bedrooms: 1
  • Interior Amenities: Window Treatments
  • Dining Description: Dining L
  • View: Hill Country, Lake/River
  • Laundry Facilities: In Unit, Main Level, Utility Room
  • Sprinkler System: No
  • Flooring: Carpet, Tile - Hard, Tile - Vinyl
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Kitchen Appliances: Dishwasher, Microwave Oven, Range-Free Standing, Refrigerator, Stainless Steel
  • Master Main: No
  • Num Dining: 1
  • Num Living: 1
  • Num Other Level Beds: 2
  • Num Parking Spaces: 2
  • Region: Northwest Travis Co.

Exterior Features

  • Pool on Property: No
  • Trees: Medium (20 Ft - 40 Ft)
  • Waterfront: No
  • Exterior Features: Deck, Patio-Covered
  • Roof: Composition Shingle
  • Construction: Clapboard, Hardiplank Type
  • Horses Allowed On Property: No
  • Water Access: Yes
  • Water Access Description: Common Dock
  • Foundation: Pier & Beam
  • Body Of Water: Lake Travis

Garage/Parking

  • Parking Features: 2 Reserved, Outside

Utilities

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

Condo/Co-op/Association

  • Gated Community: No
  • HOA: Yes
  • HOA Fee Includes: Common Area Maintenance
  • Association Fee Frequency: Monthly
  • Association Fee: 157
  • Community Web Site: www.pointventure.com
  • Hoa Name: Point Venture POA
  • H O A Requirement: Mandatory
  • HOA Transfer Fee: 150

Schools

  • School District: Lago Vista ISD
  • School District: Lago Vista ISD
  • Elementary A: Lago Vista
  • Intermediary: Yes
  • Middle Intermediate School: Lago Vista
  • High School: Lago Vista

Lot Info

  • Lot Size Area: 0.041
  • Parcel Number: 01478308040000
  • M A P S C O Grid: R
  • M A P S C O Page: 488

Tax Info

  • Actual Tax: 2576.00
  • Tax Filled Sqft Total: 1626
  • Tax Lot: 154
  • Tax Rate: 2.65274000000000
  • Tax Amount: 3374.00
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2017
Closed on
Oct 18, 2017
Sold by
Moran Misty and Silverman Bryan H
Bought by
Redmon Smith Crystal and Redmon Daniel L
Seller's Agent
Debra Jennings
Compass RE Texas, LLC
Buyer's Agent
Susan Palomino
RE/MAX Suburbia
List Price
$143,000
Current Estimated Value
$235,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$107,200
Outstanding Balance
$61,722
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$178,793

Purchase Details

Listed on
Feb 24, 2016
Closed on
Jul 8, 2016
Sold by
Rushin Mitchell and Rushin Carla
Bought by
Moran Misty and Sllverman Bryan H
Seller's Agent
Karen Schodde
Hill Country Lakes Realty
Buyer's Agent
Herb Agapetus
Coldwell Banker Realty
List Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.08%
Original Mortgage
$96,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2007
Sold by
Pedigo Joseph H and Pedigo Debroah D
Bought by
Rushin Mitchell and Rushin Carla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2002
Sold by
Kellar Marilyn Yoast
Bought by
Pedigo Joseph H and Pedigo Deborah D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,155
Interest Rate
7.03%
Mortgage Type
VA

Purchase Details

Closed on
Jun 30, 1994
Sold by
Waddell Billie Louise and Waddell Billie Louise Wood
Bought by
Kellar Marilyn Yoast

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,300
Interest Rate
8.47%
Source: Public Records

Range of Values:

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Average Value
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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
Redmon Smith Crystal -- None Available
Moran Misty -- Itc
Rushin Mitchell -- Netco
Pedigo Joseph H -- Texas American Title Company
Kellar Marilyn Yoast -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redmon Smith Crystal $107,200
Previous Owner Moran Misty $96,000
Previous Owner Rushin Mitchell $101,250
Previous Owner Pedigo Joseph H $91,155
Previous Owner Kellar Marilyn Yoast $70,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2017 10/18/17 Sold -- -- --
09/17/2017 09/17/17 Pending -- -- --
09/17/2017 09/17/17 For Sale $143,000 +14.4% $88 / Sq Ft
07/11/2016 07/11/16 Sold -- -- --
04/15/2016 04/15/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $125,000 0.0% $77 / Sq Ft
03/06/2016 03/06/16 Off Market -- -- --
02/27/2016 02/27/16 Pending -- -- --
02/24/2016 02/24/16 For Sale $125,000 0.0% $77 / Sq Ft
03/01/2012 03/01/12 Rented $850 -15.0% --
02/24/2012 02/24/12 Under Contract -- -- --
11/17/2011 11/17/11 For Rent $1,000 -- --
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
2025 $6,131 $265,277 $66,590 $198,687
2023 $6,611 $279,325 $30,000 $249,325
2022 $6,801 $264,546 $30,000 $234,546
2021 $5,203 $191,063 $24,000 $167,063
2020 $3,594 $133,729 $24,000 $109,729
2018 $3,665 $133,729 $24,000 $109,729
2017 $3,374 $127,189 $24,000 $103,189
2016 $2,576 $97,093 $24,000 $73,093
2015 $2,094 $111,557 $24,000 $87,557
2014 $2,094 $83,392 $24,000 $59,392
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 6590708

Unlock MLS (Austin Board of REALTORS®)

APN: 150944