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$284,000

1201 Michael Avenue, Lewisville, TX, 75077

$330,448 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,044 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.94 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size6,991 sqft

Building Information

Year Built1996
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR181959
Lot Number30
SubdivisionOrchard Valley Estates Ph Iii
Land UseResidential
Legal DescriptionORCHARD VALLEY ESTATES PH III BLK F LOT 30
Census Tract021716
Assessed Land Value$87,993
Assessed Improvement Value$335,901
Assessment Year2025

About this property

This home sits on a spacious corner lot and is welcoming from the start! You will immediately fall in love with the floors! Beautiful hardwoods in living area, dining and master bedroom. An abundance of natural light radiates the house creating a bright and airy feel throughout. There is plenty of space for entertaining in the 2nd living space upstairs or main living space down. Owners have added outlets to support entertaining equipment. Updated kitchen with granite and stainless steel appliances are always a bonus! Come take a look for yourself and ponder all the possibilities with this affordable home well loved home.

Investor Tools

Property Icon
$423,894
Estimated Property Value
$0Estimated Mortgage Balance
$203,925Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$330,448
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,543 /month
Positive
Cash Flow Estimate:
$848 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$649/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,670
$423,894
2025
$87,993
$335,901
$423,894
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,670
$423,894

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ntfn Inc
Conventional
$255,600
No
First
May 3, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$219,969
$203,925
48%
52%
$1,533/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,460/mo
$1,533/mo
+$927/mo
7.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lewisville

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1201 Michael Avenue | Property Details | No Agent List