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$490,000

545 Mustang Court, Lavon, TX, 75166

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,143 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$228.65 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

High 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, Electric Water Heater, Microwave
FlooringVinyl

Exterior

Exterior FeaturesDog Run, Fire Pit, Rain Gutters, Kennel
Lot Size1.33 acres

Building Information

Year Built1994
Stories1
Garage Spaces4

Land Information

APNR-1640-000-0230-1
Lot Number23
SubdivisionMustang Estates (Cla)
Land UseResidential
Legal DescriptionMUSTANG ESTATES (CLA), LOT 23
Census Tract031202
Assessed Land Value$106,376
Assessed Improvement Value$204,301
Assessment Year2025

About this property

WHOA! Whoa! This is your chance to own a piece, PEACE, of the tranquil country life. Situated perfectly on over 1.3 acres with the plenty of space for a pool AND a shop! Enjoy your morning coffee or evening book or just appreciate the naturally landscaped front yard from the spacious wrap around porch. Enter inside to the tasteful and thoughtful complete update throughout...no stone left unturned. All floors are LVP, no carpet anywhere. Kitchen has been completely updated with gorgeous cabinets adorned with modern hardware, beautiful quartz countertop, stainless appliances and functional farmhouse sink under the picturesque box window. Primary bathroom has separate vanities with ample storage, oversized and luxurious shower and custom closet (pay close attention to the special order water closet feature, yes, it's heated!!!). All bedrooms are oversized with nice sized closets. Garage has been converted to a 4th bedroom and supersized mudroom for additional storage and is perfect for the animal lover with direct access to the outside dog kennel and fenced section of the yard. Guest bathroom has also been updated keeping the refreshing style of the rest of the home. While you can enjoy the tranquil life of the country, city amenities are still very convenient with nearby eateries, schools, places of worship. Run, don't walk and snatch this one up before someone beats you to it!

Investor Tools

Property Icon
$336,000
Estimated Property Value
$0Estimated Mortgage Balance
$57,450Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

Interested in this property?

Cynthia McCauley

Coldwell Banker Apex, REALTORS

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$677/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,444
$310,677
2025
$106,376
$204,301
$310,677
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,444
$310,677

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citadel Servicing Corporation
Conventional
$300,000
No
First
Aug 19, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,550
$57,450
17%
83%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,850/mo
$1,799/mo
+$1,051/mo
10.2%

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.

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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