NOT LISTED FOR SALE

512 Demarett Dr Unit 7 Lago Vista, TX 78645

Estimated Value: $260,234 - $271,000

3 Beds
3 Baths
1,809 Sq Ft
$147/Sq Ft Est. Value

Last Sold August 18, 2023

Current estimated payment $2,264/month

55 Days on Market

Highlights

  • On Golf Course
  • Fitness Center
  • Open Floorplan
  • Lago Vista Elementary School Rated A-
  • Lake View
  • Community Lake

About This Home

As of August 2023

Love life at the lake in this spacious townhome (with option to purchase furnished)! This three-bedroom, three-bathroom unit is situated in a prime location with views of Lake Travis and steps away from the Point Venture Golf Course. Living room features a vaulted ceiling, floor to ceiling windows and sliding glass door to a large balcony (one of 3!). The kitchen is fully equipped with stainless appliances and butcher block countertops. The dining area has ample space for a large table and chairs, making it ideal for family dinners or gatherings with friends. Upstairs, you'll find the primary bedroom featuring a private balcony with views of Lake Travis, providing the perfect spot to relax and unwind. There is one secondary bedroom on the main level with another one on the lower level. Second living area on the lower level can also be utilized as a fourth bedroom. The unit offers plenty of storage space, including a huge laundry/storage room. All bedrooms have walk-in closets and there is even a covered area to park your golf cart! Enjoy all the fun that life at Point Venture has to offer, including golf, water sports, fishing and boating. This townhome is the perfect retreat for those seeking the lake living experience or those looking for an investment property (STRs permitted). Don't miss out on the opportunity to call this gem your own!

Last Agent to Sell the Property

Holly Mace Massingill

Keller Williams Realty License #0516465 Listed on: 05/25/2023

Keller Williams Realty

Last Buyer's Agent

Bridget Gonzalez

Engel & Volkers Austin License #0722980

Engel & Volkers Austin

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,684

Year Built

  • Built in 1972

Lot Details

  • On Golf Course
  • Adjacent to Greenbelt
  • East Facing Home
  • Wooded Lot

HOA Fees

  • $205 Monthly HOA Fees

Property Views

  • Lake
  • Golf Course
  • Woods
  • Park or Greenbelt

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,809 Sq Ft Home
  • Multi-Level Property
  • Open Floorplan
  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Entrance Foyer
  • Multiple Living Areas

Kitchen

  • Oven
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Parking Lot
  • Outside Parking

Outdoor Features

  • Balcony
  • Deck
  • Covered patio or porch

Schools

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

Additional Features

  • Property is near a golf course
  • Central Heating and Cooling System

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 01478308070000
  • 3% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance
  • Pv Hoa/Pv Townhouses Inc. Association
  • Point Venture Sec 2 B Subdivision
  • Mandatory home owners association
  • The community has rules related to deed restrictions
  • Community Lake

Amenities

  • Common Area
  • Restaurant
  • Clubhouse
  • Meeting Room

Recreation

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

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,684

Year Built

Built in 1972

Lot Details

0

HOA Fees

$205 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Unit Style: 2nd Floor Entry, Multi-level Floor Plan
  • Restrictions: Deed Restrictions
  • Year Built: 1972
  • Additional Parcels: No
  • Direction Faces: East
  • Directions: 1431 W. TO LOHMAN FORD,S. TO VENTURE BLVD.,R. TO VENTURE DR., L. ON NICKLAUS, R.ON DEMARETT
  • Disclosures: Lead Base Paint Addendum, Residential Service Contract, Seller Disclosure, Water District
  • Estimated Taxes: 6684.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: None
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Guest Accommodation Description: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: Multi/Split
  • Living Area: 1809.00
  • Other Structures: See Remarks
  • Special Listing Conditions: Standard
  • Title: Negotiable
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), Ceiling-Vaulted, Entrance Foyer, Interior Steps, Multiple Living Areas, Open Floorplan, Pantry, Walk-In Closet(s), Wet Bar
  • Laundry Location: Laundry Room, Lower Level
  • View: Golf Course, Lake, Park/Greenbelt, Trees/Woods, Water
  • Flooring: Carpet, Laminate, Vinyl
  • Num Dining: 1
  • Num Living: 2
  • Num Other Level Beds: 2
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Free-Standing Range, Refrigerator, Washer
  • Main Level Bedrooms: 1
  • Property Condition: Resale
  • Security Features: None
  • Spa Features: None
  • Window Features: Window Coverings

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony, Exterior Steps
  • Roof: Composition
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: Covered, Deck, Patio, Porch, Rear Porch
  • Pool Features: None
  • Private Pool: No
  • Water Body Name: Lake Travis
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Outside, Parking Lot
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: See Remarks
  • Utilities: Electricity Available, Water Connected
  • Heating: Central, Electric
  • Water Source: See Remarks
  • Cooling: Central Air, Electric

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, See Remarks
  • Association Fee Frequency: Monthly
  • Association Fee: 205.00

Association/Amenities

  • Association Name: PV HOA/PV Townhouses Inc.
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: Clubhouse, Common Grounds, Conference/Meeting Room, Fitness Center, Golf Course, Lake, Park, 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: Back to Park/Greenbelt, Backs To Golf Course, Near Golf Course, Trees-Moderate, Views
  • Parcel Number: 01478308070000
  • Subdivision Name: POINT VENTURE SEC 2 B

Building Info

  • Construction Materials: Frame
  • New Construction: No

Tax Info

  • Tax Filled Sqft Total: 1809
  • Tax Rate: 2.57080000000000
  • Tax Year: 2022
  • Tax Annual Amount: 6684.00
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Aug 16, 2023
Sold by
Riley Alyssa A and Hill Christopher M
Bought by
Gonzalez Adrian
Seller's Agent
Holly Mace Massingill
Keller Williams Realty
Buyer's Agent
Bridget Gonzalez
Engel & Volkers Austin
List Price
$299,000
Views
91
Current Estimated Value
$268,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.14%
Original Mortgage
$212,800
Outstanding Balance
$208,570
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$56,705

Purchase Details

Listed on
Aug 28, 2021
Closed on
Oct 21, 2021
Sold by
Floyd Dwight and Floyd David
Bought by
Riley Alyssa A and Hill Christopher M
Seller's Agent
Jeff Plotkin
Habitat Hunters Inc
Buyer's Agent
Holly Mace Massingill
Keller Williams Realty
List Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.25%
Original Mortgage
$208,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2021
Closed on
Oct 20, 2021
Sold by
Floyd David and Floyd Rosanne M
Bought by
Riley Alyssa A and Hill Christopher M
Seller's Agent
Jeff Plotkin
Habitat Hunters Inc
Buyer's Agent
Holly Mace Massingill
Keller Williams Realty
List Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2013
Sold by
Lieth Lisa and Floyd Lisa M
Bought by
Floyd Dwight

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,800
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2003
Sold by
Naquin Brian P
Bought by
Floyd David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2000
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Naquin Brian P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
7.75%

Purchase Details

Closed on
Jan 4, 2000
Sold by
Elliott Alice Menking
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 8, 1996
Sold by
Ernst Allen F and Ernst Doris J
Bought by
Elliott Alice Menking

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,650
Interest Rate
8.15%
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
Gonzalez Adrian -- Independence Title
Riley Alyssa A -- First American Title
Riley Alyssa A -- First American Title
Floyd Dwight -- None Available
Floyd David -- Chicago Title Insurance Co
Naquin Brian P -- --
Federal Home Loan Mortgage Corporation $67,500 --
Elliott Alice Menking -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Adrian $212,800
Previous Owner Riley Alyssa A $208,000
Previous Owner Riley Alyssa A $208,000
Previous Owner Floyd Dave $123,750
Previous Owner Floyd Dwight $79,800
Previous Owner Floyd David $93,000
Previous Owner Naquin Brian P $49,000
Previous Owner Elliott Alice Menking $79,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Sold -- -- --
07/19/2023 07/19/23 Pending -- -- --
07/07/2023 07/07/23 Price Changed $289,000 -3.3% $160 / Sq Ft
07/06/2023 07/06/23 For Sale $299,000 0.0% $165 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/15/2023 06/15/23 Price Changed $299,000 -5.1% $165 / Sq Ft
05/25/2023 05/25/23 For Sale $315,000 +10.5% $174 / Sq Ft
10/20/2021 10/20/21 Sold -- -- --
09/12/2021 09/12/21 Pending -- -- --
08/28/2021 08/28/21 For Sale $285,000 -- $158 / 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 $7,058 $278,876 $66,590 $212,286
2023 $7,058 $309,577 $30,000 $279,577
2022 $7,122 $277,038 $30,000 $247,038
2021 $4,309 $158,238 $24,000 $169,688
2020 $3,866 $143,853 $24,000 $119,853
2018 $3,422 $124,851 $24,000 $119,580
2017 $3,011 $113,501 $24,000 $113,973
2016 $2,737 $103,183 $24,000 $79,183
2015 $1,986 $112,737 $36,000 $97,263
2014 $1,986 $102,488 $36,000 $66,488
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4389526

Unlock MLS (Austin Board of REALTORS®)

APN: 150947