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$200,000

3404 American Dr Apt 2208, Lago Vista, TX, 78645

On MarketInfo
Beds1 Beds
Baths2 Bath
Baths842 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$237.53 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
AppliancesDishwasher, Disposal, Microwave, Oven, Water Heater
FlooringTile, Vinyl

Exterior

Lot Size7,488 sqft

Building Information

Year Built1987
Stories1

Land Information

APN01689004090000
Lot Number2208
SubdivisionIsland On Lake Travis Condominium Amende
Land UseResidential
Legal DescriptionUNT 2208 ISLAND ON LAKE TRAVIS CONDOMINIUM AMENDED THE PLUS .4031 % INT IN COM AREA
Census Tract037400
Assessed Land Value$59,904
Assessed Improvement Value$173,713
Assessment Year2025

About this property

Why Go On Vacation When You Can Live It Every Day? Welcome To Your Private Retreat At The Prestigious "Island On Lake Travis." This Rare 1-Bedroom, 1.5-Bath Condo Is The Ultimate Blend Of Relaxation And Value. featuring A Brand New HVAC Unit, You Can Enjoy Worry-Free Comfort For Years To Come Without The Stress Of Big Repair Bills. Step Inside To A Bright, Open Layout Designed For Entertaining. Unlike Standard Units, This Residence Features A Massive Wrap-Around Patio, Offering You Extra Outdoor Living Space To Enjoy The Lake Breeze. The Interior Is Loaded With High-End Upgrades, Including Sleek Wood-Laminate Flooring And A Cozy Wood-Burning Fireplace For Chilly Evenings. The Spacious Master Suite Is A True Sanctuary, Complete With An En-Suite Bath Featuring Jacuzzi Jets And Ample Closet Space. Plus, The Bonus Half-Bath Is A Game Changer For Guests! Your HOA Covers A 5-Star Resort Lifestyle. You Are Steps Away From An Incredible Array Of Amenities That Rival Luxury Hotels: Waterfront Living: Exclusive Access To Lake Travis With Two Boat Ramps And Available Marina Slips. Pools & Spas: Relax In 3 Swimming Pools (Including A Heated Indoor Pool For Year-Round Use), 3 Jacuzzis, And 2 Dry Saunas. Active Life: Play On The Tennis & Pickleball Courts, Hit The Fitness Center, Or Challenge Friends On The 9-Hole Disc Golf Course. Convenience: Enjoy Dinner At The On-Site Restaurant, Charge Up At The EV Stations, Or Rent Paddleboards At The Community Shop. Turn-Key And Ready For Fun. With An In-Unit Washer/Dryer And Modern Finishes Throughout, All You Need Is Your Suitcase. This Is The Best Value For A "Resort Life" In Lago Vista. Schedule Your Private Tour Today And Start Living The Island Life!.

Investor Tools

$127,673Estimated Mortgage Balance
$105,944Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,402 /month
Positive
Cash Flow Estimate:
$467 /month

Interested in this property?

Mark Taylor

Venture Partners R.E.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$351/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,045
$233,617
2025
$59,904
$173,713
$233,617
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,045
$233,617

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$144,000
No
First
Jul 31, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,673
$105,944
45%
55%
$864/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$864/mo
+$576/mo
7.4%

City: Lago Vista