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$690,000

12450 State Highway 205, Lavon, TX, 75166

Off MarketInfo
Beds6 Beds
Baths4 Bath
Baths4,191 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.41 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave

Exterior

Lot Size1.50 acres

Building Information

Year Built1996
Stories2
Roof Type105
Garage Spaces3

Land Information

APNR-6794-002-0230-1
Lot Number23
SubdivisionJas Strickland Survey
Land UseResidential
Legal DescriptionABS A0794 JAS STRICKLAND SURVEY, SHEET 2, TRACT 23, 1.5 ACRES
Census Tract031202
Assessed Land Value$262,500
Assessed Improvement Value$304,855
Assessment Year2025

About this property

SELLER OFFERING $10,000 allowance for updates! Discover the perfect blend of freedom and functionality with this unique property located in an unincorporated area—ideal for both business and residential use. With very low property taxes and NO HOA RESTRICTIONS, this is your chance to live life on your terms. Brand new roof, gutters, windows, and completed foundation work, and NO HOA!! Do what you want, when you want—no approvals, no limitations. Unincorporated area, which means zoning freedom. This is more than a home, it’s a lifestyle of freedom, self-reliance, and possibility. Property is completely fenced in with a gate and large parking area. Pecan and fruit trees! Mother in law apartment accessible both in and outside of the house. Newer mini splits in every room. there is a workshop on the property with electric as well. The garage has full electric and a sink also. There is also a storage room. Must tour to appreciate!

Investor Tools

Property Icon
$690,000
Estimated Property Value
$341,595Estimated Mortgage Balance
$283,739Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,260 /month
Positive
Cash Flow Estimate:
$1,420 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$693/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,867
$567,355
2025
$262,500
$304,855
$567,355
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,867
$567,355

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$341,595
No
First
Jan 12, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$406,261
$283,739
41%
59%
$2,649/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,710/mo
$2,649/mo
+$1,061/mo
6.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Lavon

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12450 State Highway 205 | Property Details | No Agent List