NOT LISTED FOR SALE

529 Demarett Dr Unit 24 Lago Vista, TX 78645

Estimated Value: $262,970 - $284,000

3 Beds
2 Baths
1,799 Sq Ft
$152/Sq Ft Est. Value

Last Sold September 04, 2020

Current estimated payment $2,225/month

43 Days on Market

Highlights

  • Golf Course Community
  • Boat Ramp
  • View of Hills
  • Lago Vista Elementary School Rated A-
  • Fitness Center
  • Community Lake

About This Home

As of September 2020

Main level has a bedroom & bath, vaulted ceiling, balcony. Upper level has a bedroom plus a 2nd living/office area, lower level has large master w/on suite, walk-in closets & private deck & tons of natural light. Amenities: Golf course, Lake, boat ramps, tennis court, jr Olympic size pool, park, library, gym, club house, pet friendly, floating Marina/restaurant. Open Kitchen, new cabinets, updated master bath, Shower filter's, water heater. Fresh paint Entry/Balcony/Patio. $5,000 allow w/full offer. As Is Sprinkler Sys:Yes

Last Agent to Sell the Property

Laura Silvas

Legendary Realty License #0569590 Listed on: 07/05/2020

Last Buyer's Agent

Jennifer Bailey

AustinRealEstate.com License #0596388

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,453

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 1,786 Sq Ft Lot
  • Backyard Sprinklers

HOA Fees

  • $185 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • HardiePlank Type
  • Clapboard

Interior Spaces

  • 1,799 Sq Ft Home
  • 3-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Window Treatments
  • Entrance Foyer
  • Living Room with Fireplace
  • Loft
  • Views of Hills
  • Laundry Room

Kitchen

  • Self-Cleaning Oven
  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

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

Home Security

Parking

  • 2 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Boat Ramp
  • Balcony
  • Deck
  • Covered Patio or Porch

Location

  • Property is near a golf course

Schools

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

Utilities

  • Central Heating and Cooling System
  • Municipal Utilities District for Water and Sewer
  • Electric Water Heater
  • High Speed Internet
  • Phone Available

Listing and Financial Details

  • Down Payment Assistance Available
  • Tax Lot 177
  • Assessor Parcel Number 01478309240000
  • 3% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, landscaping, parking, trash
  • Point Venture Poa
  • Point Venture Sec 02 B Subdivision
  • Mandatory home owners association
  • The community has rules related to deed restrictions
  • Community Lake

Amenities

  • Picnic Area
  • Common Area

Recreation

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

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,453

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: 1st Floor Entry, 2nd Floor Entry
  • Building Area Total: 1799.00
  • Restrictions: Deed Restrictions
  • Year Built: 1972
  • Directions: Take Fm 1431 West to Lago Vista, take a left on Lohman Ford and go approx 7 miles to Point Venture, take a left at the Y on Venture Blvd S and follow to Venture Dr, take a left and follow to a right on Demarett
  • Disclosures: Familial Relation, MUD, Seller Disclosure, Seller Provided Survey Available, Water District
  • Estimated Taxes: 3801.00
  • FEMA Flood Plain: No
  • Fencing: None
  • Fireplaces: 1
  • Guest Accommodation Description: None
  • Intermediary: Yes
  • Levels: Three Or More
  • Living Area: 1799.00
  • Property Panorama: No
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling-Beamed, Cathedral Ceiling(s), Entrance Foyer, In-Law Floorplan, Walk-In Closet(s)
  • Laundry Location: Laundry Room
  • View: Hill Country
  • Flooring: Carpet, Laminate, Linoleum
  • Fireplace Features: Living Room, Wood Burning
  • Num Dining: 1
  • Num Living: 1
  • Num Other Level Beds: 2
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Free-Standing Range, Self Cleaning Oven, Water Heater-Electric
  • Main Level Bedrooms: 1
  • Property Condition: Updated/Remodeled
  • Security Features: Smoke Detector(s)
  • Spa Features: None
  • Window Features: Window Treatments

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony, Boat Ramp, See Remarks
  • Roof: Composition
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: Covered, Deck, Patio, Porch
  • 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: MUD
  • Utilities: Electricity Available, Internet-Cable, Other, Phone Available
  • Heating: Central, Electric
  • Water Source: MUD
  • Cooling: Central Air

Condo/Co-op/Association

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

Association/Amenities

  • Management Company: Point Venture
  • Association Name: Point Venture POA
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: Common Grounds, Fitness Center, Golf Course, Lake, Park, Picnic Area, Playground, Pool, Sidewalks, Sport Court(s)/Facility, 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: Interior Lot, Near Golf Course, Sprinkler - Back Yard, Sprinkler - In-ground
  • Parcel Number: 01478309240000
  • 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: Clapboard, HardiPlank Type

Tax Info

  • Tax Lot: 177
  • Tax Rate: 2.68776000000000
  • Tax Year: 2020
  • Tax Annual Amount: 2453.00
  • Tax Exemptions: Disability, Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2020
Closed on
Sep 4, 2020
Sold by
Avila Maria Margaret and Silvas Justin N
Bought by
Bailey Lilian Luisa and Bailey Michael G
Seller's Agent
Laura Silvas
Legendary Realty
Buyer's Agent
Jennifer Bailey
AustinRealEstate.com
List Price
$217,000
Current Estimated Value
$273,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$204,232
Outstanding Balance
$181,981
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$100,430

Purchase Details

Listed on
Jun 30, 2017
Closed on
Sep 8, 2017
Sold by
Wise Kenny and Wise Roberta
Bought by
Avila Maria Margaret and Silvas Justin N
Seller's Agent
Susan Palomino
RE/MAX Suburbia
Buyer's Agent
Laura Silvas
Legendary Realty
List Price
$139,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.57%
Original Mortgage
$110,800
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2005
Sold by
Wise Denise Christine
Bought by
Wise Kenneth Dale

Purchase Details

Closed on
Jul 30, 2004
Sold by
Wells Fargo Bank Na
Bought by
Wise Kenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2003
Sold by
Sanders Billy D and Sanders Wanda F
Bought by
Wells Fargo Bank Minnesota Na

Purchase Details

Closed on
Oct 12, 2000
Sold by
Dennis Linda C L and Dennis Deanne L
Bought by
Sanders Billy D and Sanders Wanda F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,600
Interest Rate
11%
Mortgage Type
Purchase Money Mortgage
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
Bailey Lilian Luisa -- Ctot
Avila Maria Margaret -- None Available
Wise Kenneth Dale -- None Available
Wise Kenny -- --
Wells Fargo Bank Minnesota Na $68,304 --
Sanders Billy D -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Lilian Luisa $204,232
Previous Owner Avila Maria Margaret $110,800
Previous Owner Wise Kenny $32,000
Previous Owner Sanders Billy D $64,600
Closed Sanders Billy D $16,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold -- -- --
08/17/2020 08/17/20 Pending -- -- --
07/27/2020 07/27/20 Price Changed $208,000 -1.9% $116 / Sq Ft
07/23/2020 07/23/20 Price Changed $212,100 0.0% $118 / Sq Ft
07/20/2020 07/20/20 Price Changed $212,000 -2.3% $118 / Sq Ft
07/05/2020 07/05/20 For Sale $217,000 +55.1% $121 / Sq Ft
09/08/2017 09/08/17 Sold -- -- --
07/26/2017 07/26/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $139,900 -- $80 / 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 $6,732 $269,382 $66,590 $202,792
2023 $7,371 $311,452 $30,000 $281,452
2022 $7,356 $286,118 $30,000 $256,118
2021 $5,445 $199,940 $24,000 $175,940
2020 $3,801 $141,436 $24,000 $117,436
2019 $3,859 $141,436 $24,000 $117,436
2018 $3,769 $137,529 $24,000 $115,692
2017 $3,317 $125,026 $24,000 $101,026
2016 $2,486 $93,722 $24,000 $69,722
2015 $2,151 $115,121 $24,000 $91,121
2014 $2,151 $85,651 $24,000 $61,651
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1062261

Unlock MLS (Austin Board of REALTORS®)

APN: 150987