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$345,000

NAL Estimated Property Value

308 Gracy Street, Lavon, TX, 75166

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,959 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.85 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator, Gas Water Heater
FlooringCeramic Tile, Laminate, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size22,259 sqft

Building Information

Year Built1975
Stories1
Garage Spaces2

Land Information

APNR-6740-002-1000-1
Lot Number100
SubdivisionS M Rainer Survey
Land UseResidential
Legal DescriptionABS A0740 S M RAINER SURVEY, SHEET 2, TRACT 100, .511 ACRES
Census Tract031201
Assessed Land Value$56,210
Assessed Improvement Value$262,333
Assessment Year2025

About this property

What a beautiful half acre piece of property located conveniently off of Hwy 78 in Lavon. This 3 bedroom, 2 bath charmer is waiting for you! Wood floors greet you when you enter and continue throughout the living, dining and kitchen areas. Granite counter tops are featured in the kitchen with a view to the back yard. Roof was replaced in 2017. AC Condenser replaced 2016. Hot Water Heater replaced 2016. Almost all the windows have been replaced. Covered patio with gas line for a grill. 30 AMP RV outlet on the side of the home. Detached 15' x 25' game room with half bath. Double roof 9' x 11' shed in the back yard. Schedule your visit now!

Investor Tools

Property Icon
$345,000
Estimated Property Value
$0Estimated Mortgage Balance
$345,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$459/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,782
$318,543
2025
$56,210
$262,333
$318,543
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,782
$318,543

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$345,000
100%
0%
$0/mo

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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308 Gracy Street | Property Details | No Agent List