NOT LISTED FOR SALE

553 Demarett Dr Unit 5 Lago Vista, TX 78645

Estimated Value: $289,748 - $330,000

2 Beds
2 Baths
1,741 Sq Ft
$178/Sq Ft Est. Value

Last Sold January 26, 2021

Current estimated payment $2,472/month

1 Day on Market

Highlights

  • Lake Front
  • On Golf Course
  • Fitness Center
  • Lago Vista Elementary School Rated A-
  • Boat Ramp
  • Open Floorplan

About This Home

As of January 2021

MUST SEE townhome in Point Venture community on Lake Travis with Golf course Views! Highly sought after features including an impressive double volume entry, modern finishes throughout, and an open floorplan. The spacious living and dining area are open to the kitchen and are highlighted beautifully by vaulted ceilings and an abundance of windows allowing for incredible golf course views. The outdoor balcony is just off the dining space and is perfect for relaxing or as an additional entertaining space. Putting your culinary skills to use has never been easier thanks to the gourmet kitchen which features quartz counters, glass-tile backsplash, pots and pans drawers, modern cabinetry with glass inlays, two lazy susans, a stainless steel range, and 2020 replaced garbage disposal. The expansive and private, lower level master retreat is equipped with a sitting area, walk-in closet, and private balcony with access to expansive patio space. A private en-suite is located on the main level and an expansive flex room with beamed vaulted ceilings - perfect for a game room, office, or third bedroom - is on the upper level. Other incredible features include a ring doorbell for added security, updated paint, an abundance of storage including a 10' X 5' storage space, a large utility room with built-ins, and more! Walking distance to lake access! Community pool, park, gym, library, golf, and disc golf! Approximately 40 miles from Downtown Austin!

Last Agent to Sell the Property

Dyron Taylor

Keller Williams Realty License #0606268 Listed on: 12/21/2020

Keller Williams Realty

Last Buyer's Agent

Bill Mills-Realtor

Austin Fine Properties LLC License #0519252

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,925

Year Built

  • Built in 1974

Lot Details

  • 1,786 Sq Ft Lot
  • Lot Dimensions are 24 x 75
  • Lake Front
  • On Golf Course
  • East Facing Home
  • Wood Fence
  • Landscaped
  • Wooded Lot

HOA Fees

  • $175 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,741 Sq Ft Home
  • Multi-Level Property
  • Open Floorplan
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Chandelier
  • Blinds
  • Entrance Foyer
  • Multiple Living Areas
  • Storage
  • Golf Course Views

Kitchen

  • Eat-In Kitchen
  • Free-Standing Electric Range
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on lower level
  • Washer and Electric Dryer Hookup

Home Security

Parking

  • 2 Parking Spaces
  • Open Parking
  • Outside Parking
  • Assigned Parking

Outdoor Features

  • Boat Ramp
  • 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
  • Municipal Utilities District for Water and Sewer
  • Electric Water Heater
  • Phone Available

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 01478309050000
  • 3% Total Tax Rate

Community Details

Overview

  • Association fees include common area maintenance, maintenance structure
  • Pv And Pv Townhomes Association
  • Visit Association Website
  • Point Venture Sec 02 B Subdivision
  • Mandatory home owners association
  • Community Lake

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Golf Course Community
  • Fitness Center
  • Community Pool
  • Park

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,925

Year Built

Built in 1974

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Unit Style: 2nd Floor Entry
  • Restrictions: See Remarks
  • Year Built: 1974
  • Additional Parcels: No
  • Direction Faces: East
  • Directions: 1431 West; left on Lohman Ford Rd; right on Venture Blvd; left on Nicklaus; right on Demarett; slight left into complex; unit is on the right
  • Disclosures: Seller Disclosure
  • Estimated Taxes: 4104.00
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Fencing: Wood
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Guest Accommodation Description: None
  • Home Sale Contingency: Yes
  • Intermediary: Yes
  • Levels: Multi/Split
  • Living Area: 1741.00
  • Other Contingency Types: Financing
  • Other Structures: Storage
  • Special Listing Conditions: Standard
  • Title: Negotiable
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Ceiling-Beamed, Ceiling-High, Ceiling-Vaulted, Chandelier, Electric Dryer Hookup, Eat-in Kitchen, Entrance Foyer, Interior Steps, Multiple Living Areas, Open Floorplan, Recessed Lighting, Storage, Walk-In Closet(s), Washer Hookup, Counter-Quartz
  • Laundry Location: Inside, Laundry Room, Lower Level
  • View: Golf Course
  • Flooring: Carpet, Laminate, Tile
  • Fireplace Features: None
  • Num Dining: 1
  • Num Living: 2
  • Num Other Level Beds: 1
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Free-Standing Electric Range, Free-Standing Range, RNGHD, Stainless Steel Appliance(s), Water Heater-Electric
  • Main Level Bedrooms: 1
  • Property Condition: Resale
  • Security Features: Smoke Detector(s)
  • Spa Features: None
  • Window Features: Blinds

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned, Open, Outside
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: MUD
  • Utilities: Electricity Available, Phone Available, Underground Utilities
  • Heating: Central
  • Water Source: MUD, Public
  • Cooling: Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Maintenance Structure, See Remarks
  • Association Fee Frequency: Monthly
  • Association Fee: 175.00
  • Community Web Site: www.pointventure.com

Association/Amenities

  • Association Name: PV and PV Townhomes
  • Requirement: Mandatory
  • Association: Yes
  • Community Features: Clubhouse, Common Grounds, Fitness Center, Golf Course, Lake, Park, Pool, 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, Interior Lot, Landscaped, Near Golf Course, Trees-Medium (20 Ft - 40 Ft), Views
  • Lot Size: 24 x 75
  • Special Assessment: No
  • Parcel Number: 01478309050000
  • Lot Size Acres: 0.0410
  • Lot Size Sq Ft: 1785.96
  • Subdivision Name: Point Venture Sec 02-B

Building Info

  • Construction Materials: Frame, HardiPlank Type
  • New Construction: No

Tax Info

  • Tax Filled Sqft Total: 1741
  • Tax Rate: 2.68948000000000
  • Tax Year: 2020
  • Tax Exemptions: See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2020
Closed on
Jan 24, 2021
Sold by
Bailey Teona Michelle
Bought by
Kwan Shuan and Wolff Paige Madison
Seller's Agent
Dyron Taylor
Keller Williams Realty
Buyer's Agent
Bill Mills-Realtor
Austin Fine Properties LLC
List Price
$217,000
Current Estimated Value
$311,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.40%
Original Mortgage
$165,600
Outstanding Balance
$149,815
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$161,130

Purchase Details

Listed on
Dec 26, 2018
Closed on
Feb 25, 2019
Sold by
Velasquez Albert
Bought by
Bailey Teona Michelle
Seller's Agent
David Lotspeich
Austin HomePage Real Estate
Buyer's Agent
Fernando Sanchez
Keller Williams Realty
List Price
$189,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$180,000
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Listed on
Apr 28, 2016
Closed on
Jun 30, 2016
Sold by
Long Marnie E
Bought by
Velasquez Albert
Seller's Agent
Tex Tubbs
Keller Williams Realty
Buyer's Agent
David Lotspeich
Austin HomePage Real Estate
List Price
$154,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$149,246
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 10, 2003
Sold by
Prudential Residential Services Lp
Bought by
Long Marnie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,497
Interest Rate
5.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 2000
Sold by
Cole Paul R and Cole Sarah F
Bought by
Anderson Kathryn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,450
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
Kwan Shuan -- None Available
Bailey Teona Michelle -- None Available
Velasquez Albert -- Stewart Title Of Austin Llc
Long Marnie E -- --
Anderson Kathryn L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwan Shuan $165,600
Previous Owner Bailey Teona Michelle $180,000
Previous Owner Velasquez Albert $149,246
Previous Owner Long Marnie E $67,497
Previous Owner Anderson Kathryn L $65,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2021 01/26/21 Sold -- -- --
12/21/2020 12/21/20 For Sale $217,000 +14.8% $125 / Sq Ft
02/25/2019 02/25/19 Sold -- -- --
01/31/2019 01/31/19 Pending -- -- --
12/26/2018 12/26/18 For Sale $189,000 +22.7% $109 / Sq Ft
06/30/2016 06/30/16 Sold -- -- --
05/19/2016 05/19/16 Pending -- -- --
04/28/2016 04/28/16 For Sale $154,000 -- $88 / 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 $6,925 $273,259 $66,590 $206,669
2023 $7,907 $334,075 $30,000 $304,075
2022 $7,078 $275,310 $30,000 $245,310
2021 $5,764 $211,666 $24,000 $187,666
2020 $4,104 $152,682 $24,000 $128,682
2018 $4,133 $150,813 $24,000 $126,813
2017 $3,800 $143,254 $24,000 $119,254
2016 $2,486 $93,722 $24,000 $69,722
2015 $1,627 $94,216 $24,000 $91,121
2014 $1,627 $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: 9647503

Unlock MLS (Austin Board of REALTORS®)

APN: 150968