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$315,000

231 Orbit Dr, Lavon, TX, 75166

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,873 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.18 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Microwave, Refrigerator, Tankless Water Heater, Washer, Water Softener
FlooringCarpet, Tile

Building Information

Year Built2014
Stories1
Garage Spaces3

Land Information

APNR-9591-00B-0380-1
Lot Number38
SubdivisionGrand Heritage - West C (Cla)
Land UseResidential
Legal DescriptionGRAND HERITAGE - WEST C (CLA), BLK B, LOT 38
Census Tract031202
Assessed Land Value$96,000
Assessed Improvement Value$249,542
Assessment Year2025

About this property

Welcome to 231 Orbit Drive, where modern efficiency meets everyday comfort in the highly sought-after master-planned community of Grand Heritage. This charming 3-bedroom, 2-bathroom home features an inviting open-concept floor plan designed for both comfortable everyday living and effortless entertaining. With three generously sized bedrooms and an office, plus spacious living areas, there's plenty of room to relax, work, and gather with family and friends. Thoughtfully upgraded with today's connected homeowner in mind, this move-in-ready home includes a refrigerator, washer, and dryer, making your transition effortless from day one. Designed for energy-conscious living, the home features solar panels, an upgraded HVAC system with a whole-home air purification system, a tankless water heater for endless hot water, and a whole-home water softener system—valuable upgrades that enhance efficiency, indoor air quality, comfort, and long-term savings. Whether you're a tech enthusiast or simply appreciate a home equipped with premium features, you'll love the convenience, healthier living environment, and peace of mind these thoughtful enhancements provide. Beyond the home, Grand Heritage offers an exceptional lifestyle with resort-style amenities including a community pool, splash pad, clubhouse, fitness center, scenic walking trails, parks, and playgrounds, creating a vibrant neighborhood where there's always something to enjoy. Perfectly situated between Lake Lavon and Lake Ray Hubbard, outdoor recreation is just minutes away with boating, fishing, kayaking, and waterfront parks nearby. Spend weekends exploring Clear Lake Park or relax in the peaceful surroundings of this thriving community while remaining just 45 minutes from Downtown Dallas for an easy commute. **HOA dues have been paid through the end of the year!

Investor Tools

$426,753Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,073 /month
Positive
Cash Flow Estimate:
$691 /month

Interested in this property?

Courtney Black

Offerpad Brokerage, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$610/month
$345/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,595
$345,542
2025
$96,000
$249,542
$345,542
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,595
$345,542

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Usaa Fsb
Va
$202,750
Yes
First
May 7, 2016
Jun 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$426,753
N/A
0%
124%
$2,943/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,850/mo
$3,288/mo
$-438/mo
9.9%

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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231 Orbit Dr | Property Details | No Agent List