NOT LISTED FOR SALE

2616 Lambda Ln Flower Mound, TX 75028

Timber Creek Neighborhood

Estimated Value: $615,026 - $821,000

4 Beds
3 Baths
3,529 Sq Ft
$194/Sq Ft Est. Value

Last Sold January 31, 2022

Current estimated payment $4,491/month

79 Days on Market

Highlights

  • Outdoor Pool
  • Wood Flooring
  • Security System Owned
  • Flower Mound Elementary School Rated A
  • Tennis Courts
  • Central Heating

About This Home

As of January 2022

This Flower Mound two-story home offers a patio, granite countertops, and a three-car garage.

This home has been virtually staged to show its potential.

Last Agent to Sell the Property

Feras Rachid

Ready Real Estate LLC License #0675842 Listed on: 10/22/2021

Ready Real Estate LLC

Last Buyer's Agent

Hannah Fentriss

Engel&Volkers Dallas Southlake License #0661187

Engel&Volkers Dallas Southlake

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1991

Lot Details

  • 0.27

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,529 Sq Ft Home
  • 2-Story Property
  • Fireplace With Gas Starter
  • Security System Owned
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Schools

  • Flower Mound Elementary School
  • Lamar Middle School
  • Marcus High School

Utilities

  • Central Heating
  • Heating System Uses Natural Gas

Additional Features

  • Outdoor Pool
  • 0.27 Acre Lot

Listing and Financial Details

  • Legal Lot and Block 5 / 3
  • Assessor Parcel Number R130869
  • $8,533 per year unexempt tax

Community Details

Overview

  • The Forums Residential Association, Phone Number (817) 800-9298
  • The Forums Residential Subdivision
  • Mandatory home owners association

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Year Built

Built in 1991

Lot Details

0.27 Acres

HOA Fees

$35 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Structural Style: Single Detached
  • Unit Levels: Two
  • Security: Security System Owned
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 184.89657
  • Special Features: None
  • Year Built: 1991

Interior Features

  • Square Footage: 3529.00
  • Fireplace Features: Gas Starter
  • Interior Amenities: Other
  • Flooring: Carpet, Wood
  • Appliances: Dishwasher
  • Fireplaces: 1
  • Number Of Dining Areas: 1
  • Number Of Living Areas: 1
  • Room Count: 2

Beds/Baths

  • Full Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

  • Pool: Yes
  • Foundation: Slab
  • Community Features: Tennis Court(s)
  • Roof: Composition
  • Construction Materials: Brick, Other, Vinyl Siding
  • Pool Features: Other

Garage/Parking

  • Cooling System: Other
  • Garage Spaces: 3
  • Total Covered Spaces: 3
  • Parking Features: Other
  • GarageYN: Yes

Utilities

  • Heating: Central, Natural Gas, Other
  • Utilities: City Water

Condo/Co-op/Association

  • Association Fee: 425
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: The Forums Residential Association
  • HOA Management Company: 8178009298

Schools

  • School District: Lewisville ISD
  • Elementary School: Flower Mound
  • High School: Marcus

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Units: Acres
  • Lot Size Area: 0.2680
  • Parcel Number: R130869
  • Lot Size Acres: 0.2680
  • Lot Size Sq Ft: 11674.0800

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1991

Tax Info

  • Unexempt Taxes: 8533
  • TaxBlock: 3
  • Tax Lot: 5

MLS Schools

  • MiddleOrJuniorSchool: Lamar
  • Middle School Name: Lamar
  • Elementary School Name: Flower Mound
  • High School Name: Marcus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Jan 31, 2022
Sold by
Opendoor Property Trust I
Bought by
Masia Davide and Masia Esther
Seller's Agent
Feras Rachid
Ready Real Estate LLC
Buyer's Agent
Hannah Fentriss
Engel&Volkers Dallas Southlake
List Price
$647,000
Current Estimated Value
$686,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.44%
Original Mortgage
$619,875
Outstanding Balance
$572,670
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$113,587

Purchase Details

Closed on
Oct 15, 2021
Sold by
Thomas Timothy L and Thomas Sandra H
Bought by
Opendoor Property Trust I

Purchase Details

Closed on
Dec 7, 1999
Sold by
Connors Maria S
Bought by
Lawhon & Truitt Custom Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,604
Interest Rate
7.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 1998
Sold by
Lawhon R Dearl and Lawhon Geraldine T
Bought by
Thomas Timothy L and Thomas Sandra H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.04%

Purchase Details

Closed on
Jun 25, 1996
Sold by
Trevino Aida H and Trevino Robert Crecencio
Bought by
Lawhon Dearl
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Masia Davide -- None Listed On Document
Opendoor Property Trust I -- Odtx
Lawhon & Truitt Custom Homes Inc -- --
Lawhon & Truitt Custom Homes Inc -- --
Thomas Timothy L -- --
Lawhon Dearl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masia Davide $619,875
Previous Owner Lawhon & Truitt Custom Homes Inc $217,604
Previous Owner Thomas Timothy L $188,000
Closed Thomas Timothy L $17,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2022 01/31/22 Sold -- -- --
01/09/2022 01/09/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $647,000 0.0% $183 / Sq Ft
12/23/2021 12/23/21 Pending -- -- --
12/03/2021 12/03/21 Price Changed $647,000 -1.5% $183 / Sq Ft
10/22/2021 10/22/21 For Sale $657,000 -- $186 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,148 $547,088 $151,619 $395,469
2024 $10,148 $599,426 $151,619 $447,807
2023 $10,627 $622,582 $151,619 $470,963
2022 $8,703 $468,045 $119,546 $348,499
2021 $8,533 $424,798 $83,390 $341,408
2020 $8,213 $410,780 $83,390 $327,390
2019 $8,356 $403,258 $83,390 $319,868
2018 $7,853 $376,776 $83,390 $293,386
2017 $7,602 $360,712 $83,390 $277,322
2016 $7,308 $346,770 $83,390 $269,039
2015 $6,307 $315,245 $83,390 $231,855
2013 -- $300,487 $83,390 $236,928
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2022

    Feras Rachid

    Ready Real Estate LLC

    Feras Rachid
    Section Image

  • H

    Buyer's Agent in 2022

    Hannah Fentriss

    Engel&Volkers Dallas Southlake

    (817) 880-4061

    2 in this area

    53 Total Sales

    Hannah Fentriss
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14696373

North Texas Real Estate Information Systems (NTREIS)

APN: R130869

Texas Denton County Flower Mound 75028 Timber Creek

2616 Lambda Ln, Flower Mound, TX

Not Listed for Sale

Detached

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