500 Demarett DR # 1, Point Venture TX 78645

Off Market

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Ed's Opinion of Value

$132,795 Ed's Estimate: $239,171 $335,466

Lowest Comp Recommended List: $179,000 to $189,000 Highest Comp

The market data from 7 similar recent sales in POINT VENTURE points to a value of approximately $239,171. To sell within a reasonable timeframe at fair market value, the $179,000 to $189,000 range is where I'd position this. With 7 comparable homes on the market in POINT VENTURE, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 1972 construction puts this home 16 years older than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. With 7 similar homes currently listed in POINT VENTURE (a buyer's market), competition is a factor to consider. In POINT VENTURE, home values have fallen approximately 23.6% over the past 6 months. One of the strongest data points is 203 S Venture BLVD, Point Venture TX 78645, adjusting to $213,872; with a larger floor plan. 7 comparable transactions in POINT VENTURE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group

POINT VENTURE Market Trends

$387,500 Median Sold Price ▼ 23.6% 6mo

$210/sqft Median $/SqFt ▼ 4.3% 6mo

102 days Avg Days on Market 33 days slower

21 homes Active Inventory 7 mo supply

95.6% Sale-to-List Ratio

18 Sales (6 months)

Recently Sold Comparables

$213,872 adjusted 203 S Venture BLVD, Point Venture TX 78645 3bd / 2.0ba • 1,730 sqft • 0.7 mi Sold 4 months ago

$132,795 adjusted 505 Demarett DR # 12, Point Venture TX 78645 2bd / 2.0ba • 1,398 sqft • 0 mi Sold 21 days ago

$318,209 adjusted 18501 Lakehead CIR, Point Venture TX 78645 3bd / 2.0ba • 1,643 sqft • 0.4 mi Sold 3 months ago

$175,419 adjusted 531 Demarett DR # 25, Point Venture TX 78645 3bd / 3.0ba • 1,809 sqft • 0.1 mi Sold 11 months ago

$335,466 adjusted 721 Cedar DR, Point Venture TX 78645 3bd / 2.0ba • 1,646 sqft • 0.2 mi Sold 11 months ago

Currently on Market

$275,000 549 Demarett DR, Point Venture TX 78645 2bd / 2.0ba • 1,741 sqft • 0.1 mi 35 days on market

$204,341 559 Demarett DR, Point Venture TX 78645 3bd / 3.0ba • 1,809 sqft • 0.1 mi 117 days on market

$319,500 229 Comanche LN, Point Venture TX 78645 2bd / 2.0ba • 1,741 sqft • 0.8 mi 232 days on market

3 Beds

2 Baths 2 Full

1,626 Sq Ft

0.0413 Acres

1972 Built

About This Property

This renovated townhome is the perfect Lake Travis getaway for resort-style living. The Point Venture community is a rarity in Austin metro because it's permitted for short term rentals. Enjoy beautiful lake and golf course views from the kitchen and back patio, and also from the 2nd floor bedroom and private patio. You’re less than a mile from lake access and lots of fun via the 50-acre private POA park. There’s disc golf, a playground, a sandy beach, boat ramp, and more. Other nearby amenities include the PV golf club/sports bar, a Jr. Olympic pool, fitness center, tennis courts, marina, library, and Captain Pete’s Boathouse (floating restaurant.) All the home furnishings convey. Shopping, healthcare, restaurants, hiking trails, and more are close by in Lago Vista. This efficient floorplan feels larger than it is. Downstairs the living area flows into the kitchen and dining area and out to the back patio. A half bath, laundry closet and large storage closet are also downstairs. Upstairs are two large bedrooms with a large bathroom connecting them. One bedroom has a private covered balcony looking out over the lake and golf course. Peace and quiet, after a day of fun in the sun.

Features

Breakfast Bar
Granite Counters
Electric Dryer Hookup
High Speed Internet
Interior Steps
Primary Bedroom on Main
Storage
Walk-In Closet(s)
Washer Hookup

Location

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Schools

School District Lago Vista ISD

Elementary Lago Vista

Middle School Lago Vista

High School Lago Vista

Property Details

Property Type Residential

Flooring Carpet, Tile

Cooling Central Air, Electric

Heating Central, Electric

Exterior Gutters Full

County Travis

MLS # 8496008

HOA & Community

HOA Fee $100 /Monthly

HOA Includes Common Area Maintenance, Insurance, Landscaping, Maintenance Grounds, Trash

Tax Information

Annual Taxes $6,780 (2022)

Listing History

MLS# 8496008 9 days (7 CDOM)

Aug 30, 2022	Off Market
Jul 20, 2022	Listed		$365,000

Frequently Asked Questions About 500 Demarett DR # 1, Point Venture TX 78645

When was 500 Demarett DR # 1, Point Venture TX 78645 built?

500 Demarett DR # 1, Point Venture TX 78645 was built in 1972.

How much does 500 Demarett DR # 1, Point Venture TX 78645 cost?

500 Demarett DR # 1, Point Venture TX 78645 sold on August 30, 2022. Contact us for sale price details.

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