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$288,000

NAL Estimated Property Value

245 Lamar Drive, Lavon, TX, 75166

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,513 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.71 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size6,804 sqft

Building Information

Year Built2011
Stories1
Garage Spaces2

Land Information

APNR-9032-00A-0280-1
Lot Number28
SubdivisionGrand Heritage Club (Cla)
Land UseResidential
Legal DescriptionGRAND HERITAGE CLUB (CLA), BLK A, LOT 28
Census Tract031201
Assessed Land Value$93,500
Assessed Improvement Value$189,111
Assessment Year2025

About this property

USDA ELIGIBLE WITH ZERO DOWN & MOVE IN READY! One owner, light & bright home w.designer paint & OPEN FLOOR PLAN. Gorgeous hand scraped laminate WOOD & 18 inch tile floors-NO CARPET! Kitchen w.STAINLESS appliances & GRANITE counters, open to the large living room w.FIREPLACE. The huge backyard w.covered & additional extended open patio w.views of heavily treed field-NO NEIGHBORS BEHIND! TONS OF STORAGE-large closets & partial decked attic. ENERGY STAR CERTIFIED home has vinyl windows, RADIANT BARRIER & solar screens. NEW gutters, roof & fence (Aug 2016). New furnace & condenser (July 2017). Just a short 1 block walk to the resort-style POOL w.splash pad, amenity center w.party room, FITNESS center & tech center.

Investor Tools

Property Icon
$288,000
Estimated Property Value
$189,456Estimated Mortgage Balance
$98,544Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,728 /month
Positive
Cash Flow Estimate:
$576 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$659/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,464
$282,611
2025
$93,500
$189,111
$282,611
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,464
$282,611

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$209,873
Yes
First
Apr 14, 2021
May 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,456
$98,544
34%
66%
$1,259/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,850/mo
$1,459/mo
+$1,391/mo
11.9%

City: Lavon

245 Lamar Drive | Property Details | No Agent List