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$325,000

Beds
2
Baths
2.0
sq ft
1,188

3404 American Dr Unit 2306, Lago Vista, TX 78645

3404 American Dr Unit 2306

Lago Vista, TX 78645

  • 62 days on market
Welcome to this beautifully renovated, Designer fully furnished 2 bed/2 bath condo on the Island on Lake Travis. This Unit is a golden opportunity for investors with having already secured lease until March 2025. Unit #2306 is a rare, coveted penthouse unit with vaulted ceilings. It lives much larger than similar units. You will enjoy a multi-million dollar waterfront lifestyle for a fraction of the cost. The Island on Lake Travis is a 212-villa gated community with all the amenities you could wish for. Private marina, large indoor pool, 2 outdoor pools, Jacuzzis and saunas, tennis courts, shuffleboard courts, numerous outdoor courtyards, lakeside seating, community BBQ Pit/grill, fitness center, picnic areas, bike storage, spa, sporting goods rental shop and private lounge for events with bar on site. Close to the Lago Vista Country Club and Pace Bend Park is accessible directly across the lake via kayak, paddleboard or boat. This unit is move-in ready. It includes granite countertops, in-unit washer and dryer, expansive balconies for great summer BBQ and enjoying the Lake Travis lifestyle. This unit also includes 2 reserved parking spaces and an owners storage closet in the covered garage. (Use the gate code to access the gym, spa, pool, rental shop, but add a # at the end. ) SHORT TERM RENTALS ARE ALLOWED. This unit has been preserved and used by a private owner. Fantastic rental potential. There is an optional brand new boat slip(2021 construction) in a private owners-only marina which can be included with additional price

Details

Property type

Condominium

Est. home value

$429,216

Lot size

0.2426 acres

Price per sq ft

$274

Year built

1987

Annual property taxes

$9,127.5

Monthly HOA fee

$702

Price History

09/03/2024
Austin

Austin #8147433

Listed
$325,000
08/29/2024
Austin

Austin #7400534

Removed
06/10/2024
Austin

Austin #7400534

Price change
$365,000
-7.59%

Schools & Community

Elementary school: 

Lago Vista

Middle school: 

Lago Vista

High school: 

Lago Vista

Community features: 

Clubhouse, Fishing, Fitness Center, Gated, Lake, Pool

High school district: 

Lago Vista ISD

Seller’s Loan History

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

Lender

Wmc Mortgage Corp

Loan start date

September 2006

Original loan amount

$69,140

Est. remaining balance

Not provided

Interest rate

6.63%

Loan type

Stand Alone Second, 30 year

Seller

Sparkle Mcpherson

Lender

Wmc Mortgage Corp

Loan start date

September 2006

Original loan amount

$276,560

Est. remaining balance

Not provided

Interest rate

8.69%

Loan type

Stand Alone First, 30 year

Seller

Sparkle Mcpherson

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?

Status: Active

Tomo last checked: 11/05/2024 at 8:45 AM

Listing updated: 09/04/2024 at 4:05 AM

Listed by: Gary Bisha, My Castle Realty Phone #: (713) 683-0054

MLS: Austin #8147433

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