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$397,694

NAL Estimated Property Value

650 Franklin Ln, Lavon, TX, 75166

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,453 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.14 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Range, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Simulated Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,405 sqft

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR-12124-00C-0070-1
Lot Number7
SubdivisionTraditions At Grand Heritage, Phase 2 (C
Land UseResidential
Legal DescriptionTRADITIONS AT GRAND HERITAGE, PHASE 2 (CLA), BLK C, LOT 7
Census Tract031202
Assessed Land Value$100,000
Assessed Improvement Value$297,694
Assessment Year2025

About this property

Bloomfield Home - Cypress II Home! 4BR, 3BA with 2,453 sqft that is sure to impress. Open floor plan connects the kitchen, dining, and living room, creating a perfect space for entertaining or spending time with family; 10-foot ceilings enhance the space. The beautiful kitchen, features granite countertops, a built-in buffet counter, stainless steel appliances and walk-in pantry. Formal dining or office spaces adds to the flexibility. Spacious first-floor primary suite, complete with 10-foot ceilings, sitting area, walk-in closet, and a luxurious bathroom featuring dual sinks, walk-in shower and separate garden tub. Two additional bedrooms downstairs offer convenience, while the upstairs fourth bedroom with its own living area and full bath creates a perfect retreat or bonus living space. Enjoy the covered patio & spacious backyard backing to greenspace. Over-sized 2.5 car garage. Amazing established neighborhood along with community clubhouse, pool, parks & trails await!

Investor Tools

Property Icon
$397,694
Estimated Property Value
$347,609Estimated Mortgage Balance
$50,085Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,489 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$762/month
$288/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,151
$397,694
2025
$100,000
$297,694
$397,694
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,151
$397,694

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Fha
$358,836
Yes
First
Aug 9, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$347,609
$50,085
12%
87%
$2,152/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,710/mo
$2,440/mo
+$1,270/mo
11.2%

City: Lavon

650 Franklin Ln | Property Details | No Agent List