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$370,000

NAL Estimated Property Value

229 Burnett Dr, Lavon, TX, 75166

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,562 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.32 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size7,732 sqft

Building Information

Year Built2014
Stories2
Garage Spaces3

Land Information

APNR-9032-00M-0200-1
Lot Number20
SubdivisionGrand Heritage Club (Cla)
Land UseResidential
Legal DescriptionGRAND HERITAGE CLUB (CLA), BLK M, LOT 20
Census Tract031201
Assessed Land Value$102,000
Assessed Improvement Value$268,000
Assessment Year2025

About this property

Rare find below $400k in the master planned community of Grand Heritage Club featuring a clubhouse, swimming pool, splash pad, playground & fitness facility! Located on an oversized lot just minutes from Lake Lavon, this 1.5 story 3-car garage Bloomfield Home includes an upstairs game room with full bathroom (can be a 4th bedroom if needed). Versatile floor plan has French Doors to an office which can also be a Formal Dining Room. Sought after lay-out with kitchen, dining space & family room blending into one large central living area. Walls of windows capture natural light. Kitchen features stainless steel appliances with double ovens, electric range-cooktop, granite counters & a big walk-in pantry. Split bedroom layout ensures privacy for the spacious primary suite & ensuite bathroom equipped with a jetted tub, walk-in shower, dual sink granite vanity & big walk-in closet. Wood floors cover the living spaces & hallways. Extended patio wired for hot tub~outdoor kitchen plus huge yard!

Investor Tools

Property Icon
$370,000
Estimated Property Value
$307,131Estimated Mortgage Balance
$62,869Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$772/month
$288/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,410
$370,000
2025
$102,000
$268,000
$370,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,410
$370,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Optimum First Inc
Conventional
$317,050
No
First
Aug 30, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$307,131
$62,869
16%
83%
$1,901/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,710/mo
$2,189/mo
+$1,521/mo
12.0%

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: Lavon

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229 Burnett Dr | Property Details | No Agent List