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$480,000

345 Orbit Drive, Lavon, TX, 75166

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,268 Sq Ft
DuplexDuplex
price_per_sqft$1.33 / sqft
Year BuiltBuilt in 2013

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCeramic Tile, Tile, Vinyl

Building Information

Year Built2013
Stories1
Garage Spaces1

Land Information

APNR-9591-00B-021B-1
Lot Number21B
SubdivisionGrand Heritage - West C (Cla)
Land UseResidential
Legal DescriptionGRAND HERITAGE - WEST C (CLA), BLK B, LOT 21B; * REPLAT * REPLAT
Census Tract031202
Assessed Land Value$55,000
Assessed Improvement Value$190,614
Assessment Year2025

About this property

Welcome home to a space that actually feels like one. This beautifully designed 3-bedroom, 2-bath duplex in the lively Grand Heritage community offers more than just square footage—it delivers comfort, style, and a setting you’ll genuinely enjoy coming back to every day. Start your mornings on the charming covered front porch, then step inside to a bright, open layout that instantly feels inviting. Wood-look ceramic tile flows through the main living areas, combining durability with a warm, modern aesthetic. The spacious family room connects effortlessly to the breakfast area and kitchen, creating a natural hub for everything from casual weeknights to hosting friends. The kitchen is both functional and eye-catching, featuring a breakfast bar for easy dining, decorative tile countertops and backsplash, rich dark wood cabinetry, and a pantry to keep everything organized and within reach. When it’s time to unwind, the primary suite offers a quiet retreat with its own private bath and a generously sized walk-in closet. Two additional bedrooms provide flexibility—perfect for guests, a home office, or whatever fits your lifestyle—along with a shared full bath. Washer and dryer connections are conveniently located in the hall to make daily routines easier. Outside, you’ll find even more to love. A covered patio opens to an oversized fenced yard, giving you plenty of room to relax, entertain, or let pets roam freely. The 2-car tandem garage adds extra convenience and storage. And the perks don’t stop at your doorstep. Grand Heritage offers resort-style living with a clubhouse, sparkling pool and splash park, fitness and business centers, and scenic walking trails. Plus, with Lavon Lake and Lake Ray Hubbard just minutes away, outdoor adventures are always within easy reach. If you’re looking for a home that blends comfort, convenience, and a vibrant community, this one checks all the boxes.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$648/month
$288/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,374
$245,614
2025
$55,000
$190,614
$245,614
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,374
$245,614

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$300,000
No
First
Aug 10, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$266,529
$213,471
44%
56%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,850/mo
$2,087/mo
+$763/mo
7.1%

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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345 Orbit Drive | Property Details | No Agent List