NOT LISTED FOR SALE

557 Demarett Dr Unit 7 Lago Vista, TX 78645

Estimated Value: $283,865 - $327,000

3 Beds
2 Baths
1,741 Sq Ft
$175/Sq Ft Est. Value

Last Sold December 04, 2023

Current estimated payment $2,517/month

91 Days on Market

Highlights

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

About This Home

As of December 2023

SHORT TERM RENTALS ALLOWED! 2% BUYERS CLOSING COST OFFEERED WHICH COULD BE USED TO BUY DOWN INTEREST RATE!!!! Celebrate Living! Point Venture is a fun place to live with Private LakeFront Park/Boat Ramps, Community Pool, Tennis Courts, Gym, Clubhouse, Capt Pete's Floating Restaurant, Impeccable Golfing/Pro Shop and More! SEE THIS Amazingly Updated and Seldom Available Hardi Exterior/Designer Paints, 3BR/2-Baths, Sun Drenched Townhouse with Stunning Golf Course/Hill Country views, Expansive Living Room, Huge Loft/3RD Bedroom, Sky High Ceilings, Granite Counters/Stainless Appliances, Tile/Wood Flooring, Upgraded Fixtures, Huge Master Suite with Updated Bath, Covered and Uncovered Decking, Wood Burning Fireplace, Programmable Thermostat and SO MUCH MORE to See! A Real Entertainer's Special AND Great Rental! Most Non-Realty Items are available for sale!

Last Agent to Sell the Property

Jeffrey Nyland

Compass RE Texas, LLC Brokerage Phone: 512 626-8552 License #0556581 Listed on: 07/29/2023

Compass RE Texas, LLC

Last Buyer's Agent

Michael Margason

Pinnacle Realty Advisors License #0669834

Pinnacle Realty Advisors

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,007

Year Built

  • Built in 1972

Lot Details

  • 1,799 Sq Ft Lot
  • East Facing Home
  • Property is in good condition

HOA Fees

  • $205 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,741 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Decorative Fireplace
  • Metal Fireplace
  • Living Room with Fireplace
  • Multiple Living Areas
  • Views of Hills
  • Washer and Electric Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Free-Standing Electric Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Home Security

Parking

  • 2 Parking Spaces
  • Paved Parking
  • Open Parking
  • Parking Lot
  • Outside Parking

Outdoor Features

  • Balcony
  • Deck

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Municipal Utilities District Water
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01478309070000

Community Details

Overview

  • Association fees include common area maintenance, ground maintenance, parking, security
  • Pv & Pv Th Poa
  • Point Venture Sec 02 B Subdivision
  • Community Lake

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Common Area
  • Restaurant
  • Clubhouse
  • Meeting Room
  • Community Library
  • Planned Social Activities

Recreation

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

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,007

Year Built

Built in 1972

Lot Details

0

HOA Fees

$205 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 1972
  • Additional Parcels: No
  • Direction Faces: East
  • Directions: From Cedar Park, Take HWY 1431 West to Lago Vista, Left on Lohman Ford Rd, Lohman Ford Rd to Entrance of Point Venture (@ 7 mi), Right into Point Venture on Venture Blvd North. Straight at the stop sign onto Venture Drive, Left on Nicklaus Drive. Right on Demarett Drive. Drive through parking and unit on the right.
  • Disclosures: Seller Disclosure, Water District
  • Fencing: None
  • Fireplaces: 1
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: Three Or More
  • Living Area: 1741
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Attribution Contact: 512 626-8552
  • Attribution Contact: 512 626-8552
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 7356.00
  • FEMA Flood Plain: See Remarks
  • Restrictions: None
  • Tax Exemptions: None
  • Unit Style: Entry Steps,Multi-level Floor Plan
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), High Ceilings, Granite Counters, Electric Dryer Hookup, High Speed Internet, Interior Steps, Multiple Living Areas, Walk-In Closet(s), Washer Hookup, See Remarks
  • View: Hill Country
  • Flooring: Tile, Wood
  • Fireplace Features: Decorative, Living Room, Metal, Wood Burning
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Microwave, Electric Oven, Free-Standing Electric Range, Stainless Steel Appliance(s), Electric Water Heater, See Remarks
  • Main Level Bedrooms: 1
  • Property Condition: Resale, Good
  • Security Features: Smoke Detector(s)
  • Spa Features: None
  • Window Features: See Remarks
  • ResoLivingAreaSource: PublicRecords
  • Laundry Location: Laundry Room,Lower Level,See Remarks
  • Num Dining: 1
  • Num Living: 1
  • Num Other Level Beds: 2

Beds/Baths

  • Full Bathrooms: 2
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Balcony, Exterior Steps, See Remarks
  • Roof: Composition
  • Foundation: Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Pool Features: None
  • Private Pool: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Open, Outside, Parking Lot, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Phone Available, Sewer Available, Underground Utilities, Water Available
  • Heating: Central, Electric, Fireplace(s)
  • Water Source: MUD, Public
  • Cooling: Ceiling Fan(s), Central Air, Electric

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance, Maintenance Grounds, Parking, Security
  • Association Fee Frequency: Monthly
  • Association Fee: 205

Association/Amenities

  • Association Name: PV & PV TH POA
  • Association: Yes
  • Community Features: BBQ Pit/Grill, Clubhouse, Common Grounds, Conference/Meeting Room, Fitness Center, Golf, High Speed Internet, Lake, Library, Park, Picnic Area, Planned Social Activities, Playground, Pool, Restaurant, Tennis Court(s), Underground Utilities, See Remarks

Schools

  • Elementary School: Lago Vista
  • High School: Lago Vista
  • Middle/Junior School: Lago Vista
  • Junior High Dist: Lago Vista ISD

Lot Info

  • Lot Features: Level
  • Parcel Number: 01478309070000
  • Lot Size Acres: 0.0413
  • Lot Size Sq Ft: 1799.03
  • Subdivision Name: Point Venture Sec 02-B

Building Info

  • Construction Materials: HardiPlank Type
  • New Construction: No

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8006.93
  • Tax Map Number: 163
  • Tax Filled Sqft Total: 1741
  • Tax Rate: 2.57080000000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2023
Closed on
Dec 4, 2023
Sold by
Great Rental Properties-North Llc
Bought by
Ruiz Pablo and Ruiz Jule
Seller's Agent
Jeffrey Nyland
Compass RE Texas, LLC
Buyer's Agent
Michael Margason
Pinnacle Realty Advisors
List Price
$330,000
Views
119
Current Estimated Value
$307,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.32%
Original Mortgage
$252,000
Outstanding Balance
$249,035
Interest Rate
7.79%
Mortgage Type
Construction
Estimated Equity
$48,706

Purchase Details

Listed on
Aug 1, 2019
Closed on
Jul 11, 2020
Sold by
Galvin Laura Ann
Bought by
Griffin David and Griffin Lestie
Seller's Agent
Emily Dieckmann
eXp Realty, LLC
Buyer's Agent
Stacey Deville
Townes LLC
List Price
$208,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.55%

Purchase Details

Listed on
Nov 4, 2017
Closed on
Jan 11, 2018
Sold by
Burns Phillip and Burns Willie Mae
Bought by
Galvin Laura Ann
Seller's Agent
Emily Dieckmann
eXp Realty, LLC
Buyer's Agent
Donel Rourke
JBGoodwin REALTORS WC
List Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.61%
Original Mortgage
$79,900
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2006
Sold by
Burns Willie Mae and Williams Willie Mae
Bought by
Burns Phillip

Purchase Details

Closed on
Oct 13, 2005
Sold by
Williams Eric Todd and Williams Janelle
Bought by
Burns Phillip and Burns Willie Mae

Purchase Details

Closed on
Apr 2, 2004
Sold by
Williams Stephanie Renee Hoots
Bought by
Williams Eric Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,471
Interest Rate
5.61%
Mortgage Type
Assumption

Purchase Details

Closed on
Jun 6, 2000
Sold by
Kolter William H and Kolter Mary Neil
Bought by
Williams Eric T and Williams Stephanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
8.13%
Mortgage Type
Balloon
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
Ruiz Pablo -- Austin Title Company
Griffin David -- Texas National Title
Galvin Laura Ann -- None Available
Burns Phillip -- None Available
Burns Phillip -- --
Williams Eric Todd -- --
Williams Eric T -- Texas National Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Pablo $252,000
Previous Owner Galvin Laura Ann $79,900
Previous Owner Williams Eric T $61,600
Previous Owner Williams Eric Todd $47,471
Previous Owner Williams Eric T $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 Sold -- -- --
10/27/2023 10/27/23 Pending -- -- --
09/29/2023 09/29/23 Price Changed $328,000 -0.6% $188 / Sq Ft
07/28/2023 07/28/23 For Sale $330,000 +58.7% $190 / Sq Ft
07/14/2020 07/14/20 Sold -- -- --
07/04/2020 07/04/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $208,000 0.0% $119 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
05/08/2020 05/08/20 Price Changed $208,000 -0.5% $119 / Sq Ft
03/14/2020 03/14/20 For Sale $209,000 0.0% $120 / Sq Ft
11/18/2019 11/18/19 Off Market -- -- --
08/12/2019 08/12/19 Price Changed $209,000 -2.8% $120 / Sq Ft
08/01/2019 08/01/19 For Sale $215,000 +104.8% $123 / Sq Ft
01/12/2018 01/12/18 Sold -- -- --
12/07/2017 12/07/17 Pending -- -- --
12/01/2017 12/01/17 Price Changed $105,000 -4.5% $60 / Sq Ft
11/28/2017 11/28/17 Price Changed $110,000 -4.3% $63 / Sq Ft
11/22/2017 11/22/17 For Sale $115,000 0.0% $66 / Sq Ft
11/16/2017 11/16/17 Pending -- -- --
11/04/2017 11/04/17 For Sale $115,000 -- $66 / 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
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 $2,694 $100,218 $24,000 $109,049
2019 $2,486 $91,107 $24,000 $67,107
2018 $2,470 $90,111 $24,000 $66,111
2017 $2,735 $103,094 $24,000 $101,026
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: 3671647

Unlock MLS (Austin Board of REALTORS®)

APN: 150970