5920 Lago Vista WAY # 23, Lago Vista TX 78645

Lago Vista, TX 78645 | Overlook Villa North

Ed's Opinion of Value

$132,477 Ed's Estimate: $383,648 $739,074
Lowest Comp Recommended List: $376,000 to $391,000 Highest Comp

Listing History

$239,499 List Price
$389,654 Comp Value
1 Price Reductions

This property was listed at $239,499 and withdrawn after 78 days on market. The price was reduced from $239,500 to $239,499. This listing activity factors into the valuation.

Based on 7 closed sales in OVERLOOK VILLA NORTH, the data points to a value around $383,648 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $376,000 to $391,000. Relative to what's currently available in OVERLOOK VILLA NORTH, this home would be the most expensive of 7 comparable homes on the market. Being built in 1971 (13 years older than comps) is factored into the value estimate. Lot size matters here: 0.02 acres versus 0.59 for the typical comp. The strength of this estimate comes from 7 directly comparable sales in OVERLOOK VILLA NORTH. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group
3 Beds
3 Baths 3 Full
1,576 Sq Ft
0.0206 Acres
1971 Built

About This Property

AMAZING TURN KEY READY, FULLY RENOVATED INVESTMENT OPPORTUNITY. Cash flow positive. TWO UNITS, COMBINED $2345/MONTHLY RENT! UP/DOWN DUPLEX!! BOTH UNITS ARE UNDER 12 MONTH LEASE TO WELL QUALIFIED TENANTS. Upstairs 3 bedroom unit is RENTED @ $1395/month through July 2025. Lower studio unit IS RENTED @ $950/Month Downstairs is a "turnkey ready" studio unit, fully remodeled with new flooring, paint, shower, bathroom vanity, new toilet, lighting, kitchen cabinets, appliances and AC unit. Comparable units lease for $1k plus. The upper unit (Also completely gutted and remodeled) is 3 bedrooms and 2 full bathrooms with high ceilings and plenty of windows. Brand new HVAC system, brand new kitchen (including new cabinets and counters), brand new bathrooms, new vanities, new toilets, new flooring, new paint, new appliances and fixtures. Both units share a laundry room (including brand new washer/dryer) that is located in the carport. Both units include brand new fridges. On the third floor is a gorgeous rooftop terrace accessible by both units. 2 Brand New Tankless Water Heaters. New Sink Plumbing. New outlets and light switches throughout. Overlook Villa offers common area maintenance, fenced pool and fenced hot tub. Lago Vista POA offer multiple boat launches, parks, sport course, marina, sport fields, multiple meeting/community facilities, fitness and fishing hole. Well located near the Lake, Golf Course and Lago Vista Elementary. Quick access to Lohman Ford, making it easy to get to 1431. Don't miss on this "turnkey" investment or primary residence!

Features

  • Built-in Features
  • Ceiling Fan(s)
  • High Ceilings
  • Quartz Counters
  • Kitchen Island

Location

Schools

School District Lago Vista ISD
Elementary Lago Vista
Middle School Lago Vista
High School Lago Vista

Property Details

Property Type Residential
Flooring See Remarks
Cooling Central Air, Wall/Window Unit(s)
Heating Central
Exterior Exterior Steps, See Remarks
County Travis
MLS # 2714333

HOA & Community

HOA Fee $372 /Monthly
HOA Includes Common Area Maintenance, Maintenance Structure, Trash

Listing History

MLS# 7873948 20 days
Aug 1, 2024 Off Market
Jun 16, 2024 Listed $1,395

Frequently Asked Questions About 5920 Lago Vista WAY # 23, Lago Vista TX 78645

When was 5920 Lago Vista WAY # 23, Lago Vista TX 78645 built?

5920 Lago Vista WAY # 23, Lago Vista TX 78645 was built in 1971.

How much does 5920 Lago Vista WAY # 23, Lago Vista TX 78645 cost?

5920 Lago Vista WAY # 23, Lago Vista TX 78645 is currently off market.

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