NOT LISTED FOR SALE

516 Demarett Dr Unit 9 Lago Vista, TX 78645

Estimated Value: $253,000 - $358,000

4 Beds
3 Baths
1,809 Sq Ft
$162/Sq Ft Est. Value

Last Sold October 15, 2020

Current estimated payment $2,322/month

16 Days on Market

Highlights

  • Airport or Runway
  • On Golf Course
  • Two Primary Bedrooms
  • Lago Vista Elementary School Rated A-
  • Fitness Center
  • River View

About This Home

As of October 2020

Located in the highest point on the west side of Point Venture. It backs up to the golf course and has a great westerly lake view from top level, amazing sunsets. 2 master suites . Each level has its own deck and there is a great storage area on the lower level. Open living area with soaring ceilings featuring large windows making it light and bright. 4 beds/3 baths, great lake house or short term rental. Amenities are 9-hole golf course, Lakeside pool, private waterfront park with boat launch, gym.Restrictions: Yes

Last Agent to Sell the Property

Mary Williams

Compass RE Texas, LLC License #0312734 Listed on: 08/01/2020

Compass RE Texas, LLC

Last Buyer's Agent

Nicholas Pierce

Compass RE Texas, LLC License #0658974

Compass RE Texas, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,687

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 1,786 Sq Ft Lot
  • On Golf Course
  • Wooded Lot

HOA Fees

  • $185 Monthly HOA Fees

Property Views

  • River
  • Lake
  • Golf Course

Home Design

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

Interior Spaces

  • 1,809 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Parking

  • 2 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Storage

Location

  • Property is near a golf course

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • High Speed Internet

Listing and Financial Details

  • Down Payment Assistance Available
  • Tax Lot 159
  • Assessor Parcel Number 01478308090000
  • 3% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, landscaping
  • $150 HOA Transfer Fee
  • Point Venture Poa
  • Point Venture Sec 02 B Subdivision
  • Mandatory home owners association
  • Community Lake

Amenities

  • Airport or Runway
  • Clubhouse

Recreation

  • Golf Course Community
  • Fitness Center
  • Park

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,687

Year Built

Built in 1972 | Remodeled

Lot Details

0

HOA Fees

$185 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Unit Style: Entry Steps, Multi-level Floor Plan
  • Building Area Total: 1809.00
  • Restrictions: City Restrictions
  • Year Built: 1972
  • Directions: From 183 and FM 1431. Head West on FM 1431, Left on Lohmans Ford, Right on Venture Blvd, Left on Nicklaus, Rt on Demarett Dr.
  • Disclosures: Lead Base Paint Addendum, Water District
  • Estimated Taxes: 3687.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: None
  • Guest Accommodation Description: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: Three Or More
  • Living Area: 1809.00
  • Other Structures: Storage
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Title: Seller
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Primary Suites, Ceiling-High, Interior Steps, Walk-In Closet(s)
  • Laundry Location: Laundry Room
  • View: Golf Course, Lake, River
  • Flooring: Carpet, Laminate
  • Fireplace Features: None
  • Num Dining: 1
  • Num Living: 1
  • Num Other Level Beds: 3
  • Accessibility Features: None
  • Appliances: Dishwasher, Free-Standing Range
  • Main Level Bedrooms: 1
  • Property Condition: Updated/Remodeled
  • Security Features: None
  • Spa Features: None

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms: 3
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Balcony, See Remarks
  • Roof: Composition
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: Covered, Patio
  • Pool Features: None
  • Private Pool: No
  • View: Yes
  • Water Body Name: Lake Travis
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Internet-Cable, Underground Utilities
  • Heating: Central
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Landscaping
  • Association Fee Frequency: Monthly
  • Association Fee: 185.00

Association/Amenities

  • Association Name: Point Venture POA
  • Requirement: Mandatory
  • Association Transfer Fee: 150
  • Association: Yes
  • Community Features: Clubhouse, Fitness Center, General Aircraft Airport, Golf Course, Lake, Park, Underground Utilities

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: Backs To Golf Course, Near Golf Course, Trees-Medium (20 Ft - 40 Ft)
  • Parcel Number: 01478308090000
  • Lot Size Acres: 0.0410
  • Lot Size Sq Ft: 1785.96
  • Subdivision Name: Point Venture Sec 02-B

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: No

Building Info

  • Construction Materials: Frame

Tax Info

  • Tax Filled Sqft Total: 1809
  • Tax Lot: 159
  • Tax Rate: 2.68776000000000
  • Tax Year: 2020
  • Tax Annual Amount: 3687.00
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2024
Sold by
Pierce Nicholas
Bought by
Pierce Family Trust and Pinzone
Current Estimated Value
$292,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
7.03%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Aug 1, 2020
Closed on
Oct 15, 2020
Sold by
Lewis Thomas S and Lewis Linda G
Bought by
Pierce Nicholas
Seller's Agent
Mary Williams
Compass RE Texas, LLC
Buyer's Agent
Nicholas Pierce
Compass RE Texas, LLC
List Price
$204,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$176,550
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 23, 2014
Closed on
Mar 10, 2014
Sold by
Parker Rita
Bought by
Lewis Thomas J and Lewis Linda G
Seller's Agent
Mary Williams
Compass RE Texas, LLC
Buyer's Agent
Robin Mosser
LPT Realty, LLC
List Price
$126,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.70%
Original Mortgage
$92,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 1999
Sold by
Hinson James M and Hinson Therese A
Bought by
Parker Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,064
Interest Rate
7.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 30, 1995
Sold by
Johnson William H and Johnson Paula R
Bought by
Towery Donald R and Towery Alice J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
7.77%

Purchase Details

Closed on
Jun 23, 1995
Sold by
Towery Donald R and Towery Alice J
Bought by
Hinson James M and Hinson Therese A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
7.77%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pierce Family Trust -- None Listed On Document
Pierce Nicholas -- Independence Title Company
Lewis Thomas J -- Itc
Parker Rita -- --
Towery Donald R -- --
Hinson James M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pierce Family Trust $107,000
Open Pierce Family Trust $179,550
Previous Owner Pierce Nicholas $176,550
Previous Owner Lewis Thomas J $92,000
Previous Owner Parker Rita $74,064
Previous Owner Hinson James M $71,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2020 10/28/20 For Sale $204,900 0.0% $113 / Sq Ft
10/15/2020 10/15/20 Sold -- -- --
09/25/2020 09/25/20 Off Market -- -- --
08/28/2020 08/28/20 Price Changed $204,900 0.0% $113 / Sq Ft
08/28/2020 08/28/20 For Sale $204,900 -3.1% $113 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
08/14/2020 08/14/20 Price Changed $211,500 -3.9% $117 / Sq Ft
08/01/2020 08/01/20 For Sale $220,000 0.0% $122 / Sq Ft
05/01/2018 05/01/18 Rented $1,400 0.0% --
04/17/2018 04/17/18 Under Contract -- -- --
02/13/2018 02/13/18 For Rent $1,400 +12.0% --
10/01/2016 10/01/16 Rented $1,250 -21.9% --
09/29/2016 09/29/16 Under Contract -- -- --
07/13/2016 07/13/16 For Rent $1,600 0.0% --
03/12/2014 03/12/14 Sold -- -- -- View Prior Sale
02/05/2014 02/05/14 Pending -- -- --
01/23/2014 01/23/14 For Sale $126,500 0.0% $70 / Sq Ft
02/10/2013 02/10/13 Rented $1,100 -12.0% --
01/28/2013 01/28/13 Under Contract -- -- --
11/17/2012 11/17/12 For Rent $1,250 -- --
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 $7,022 $280,503 $66,590 $213,913
2023 $7,022 $321,914 $30,000 $291,914
2022 $6,340 $246,608 $30,000 $216,608
2021 $4,960 $182,151 $24,000 $158,151
2020 $3,687 $137,173 $24,000 $113,173
2018 $3,715 $135,553 $24,000 $111,553
2017 $3,419 $128,904 $24,000 $104,904
2016 $2,557 $96,398 $24,000 $72,398
2015 $1,107 $118,619 $24,000 $94,619
2014 $1,107 $86,730 $24,000 $62,730
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1090693

Unlock MLS (Austin Board of REALTORS®)

APN: 150949