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$360,000

Beds
2
Baths
2.0
sq ft
1,188

3404 American Dr Unit 2302, Lago Vista, TX 78645

3404 American Dr Unit 2302

Lago Vista, TX 78645

  • 150 days on market
    • Price drop $30,000↓
Enjoy panoramic Lake Travis and Texas Hill Country views along with memorable sunsets from this top floor perch at the Island on Lake Travis. This spacious two bedroom, two bath Villa is truly lakefront and overlooks deep water on Lake Travis with views unaffected by low lake levels. It is a very private setting with vaulted ceilings high above manicured grounds and beautiful Lake Travis. This Villa is one of the largest two bedroom configurations at the Island, has top floor panoramic views, and is centrally located at the resort for convenience to all the coveted amenities at the Island. These onsite resort amenities are the most comprehensive found on Lake Travis including two outdoor pools and hot tubs, an indoor pool and hot tub, fitness area, restaurant, day spa, sauna, gift shop, pickle ball/tennis courts, and a marina. Truly everything is available at this waterfront resort that encompasses 14 acres. This Villa boasts vaulted ceilings, granite counter tops in the kitchen and bathrooms, tile flooring, wood burning fireplace, washer/dryer, high speed WiFi, cable and covered patio. The primary bedroom is spacious and has patio access, and an en suite bath with soaking tub, double vanities, and walk-in shower. The guest bedroom is large enough for two sets of full-over-full bunk beds and has an adjacent full hall bath with walk-in shower. If you are an investor or just simply want to offset expenses, this Villa is an active short term rental property with future revenue already reserved. Furnishings are negotiable. This Villa is a great opportunity with amazing views, location, and amenities. You can create lasting memories with family and friends while enjoying sunsets and lakefront fun in the Texas Hill Country.

Details

Property type

Condominium

Est. home value

$423,970

Lot size

0.2426 acres

Price per sq ft

$304

Year built

1987

Annual property taxes

$8,094

Monthly HOA fee

$608.71

Price History

10/19/2024
Austin

Austin #7885470

Price change
$360,000
-7.69%
07/30/2024
Austin

Austin #7885470

Price change
$390,000
-4.88%
06/27/2024
Austin

Austin #7885470

Price change
$410,000
-4.43%

Schools & Community

Elementary school: 

Lago Vista

Middle school: 

Lago Vista

High school: 

Lago Vista

Community features: 

Clubhouse, Fitness Center, Gated, Lake, Restaurant, Tennis Court(s)

High school district: 

Lago Vista ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$128,876
Asking price
$360,000
Closing costs (~8% of asking)
-$28,800
Est. remaining loan balance
-$202,324
Cash to seller
$128,876

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nations Lending Corp

Loan start date

August 2019

Original loan amount

$225,600

Est. remaining balance

$202,324

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Shawn Joseph Sharpless and Suzanne Elin Sharpless

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 6:30 AM

Listing updated: 10/25/2024 at 5:29 PM

Listed by: Cam Woolverton, Hill Country Lakes Realty Phone #: (512) 267-7000

MLS: Austin #7885470

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