NOT LISTED FOR SALE

351 Orbit Dr Lavon, TX 75166

Estimated Value: $453,000 - $545,000

6 Beds
6 Baths
1,361 Sq Ft
$363/Sq Ft Est. Value

Last Sold November 14, 2022

Current estimated payment $3,161/month

13 Days on Market

Highlights

  • Open Floorplan
  • Covered Patio or Porch
  • Central Air
  • Engineered Wood Flooring
  • 4 Car Attached Garage
  • High Speed Internet

About This Home

As of November 2022

Multiple Offers. Best and Final by 12 noon, Thursday, September 29th.
This listing includes 353 Orbit Drive as part of the duplex.
Continuously occupied duplex in Grand Heritage West. Each side has 3 bedrooms, 2.5 bathrooms, open floor plan and 2 car garage. Large private fenced back yard with full sprinkler system. Large back patio. 351 rents for $1575 until 8-7-2023. 352 rents for $1625 until 3-21-2023.
All listing information deemed reliable but not guaranteed.

Last Agent to Sell the Property

David Mann

Williams Trew Real Estate License #0661094 Listed on: 09/16/2022

Williams Trew Real Estate

Last Buyer's Agent

Sheila Joyner

RE/MAX Select Homes License #0474843

RE/MAX Select Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,085

Year Built

  • Built in 2013

Lot Details

  • 6,186 Sq Ft Lot
  • Wood Fence
  • Back Yard

HOA Fees

  • $133 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Inside Entrance
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stone Siding
  • Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Window Treatments

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch

Schools

  • Nesmith Elementary School
  • Leland Edge Middle School
  • Community High School

Utilities

  • Central Air
  • Heating Available
  • Vented Exhaust Fan
  • High Speed Internet
  • Cable TV Available

Community Details

  • Association fees include full use of facilities, maintenance structure, management fees
  • 2 Units
  • 2,724 Sq Ft Building
  • Lavon Grand Heritage HOA, Phone Number (972) 843-4222
  • Grand Heritage West C Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 20B / B
  • Assessor Parcel Number R959100B020B1
  • $8,948 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,085

Year Built

Built in 2013

Lot Details

0

HOA Fees

$133 per month

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: Two
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 30259
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 183.04883
  • Attribution Contact: 817-632-9500
  • Special Features: None
  • Year Built: 2013

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Cable TV Available, High Speed Internet Available, Open Floorplan
  • Flooring: Carpet, Simulated Wood, Vinyl
  • Appliances: Dishwasher, Disposal, Electric Range, Microwave, Vented Exhaust Fan
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Back Yard, Wood
  • Roof: Composition, Shingle
  • Construction Materials: Brick, Rock/Stone, Siding
  • Exterior Features: Covered Patio/Porch
  • Waterfront: No

Garage/Parking

  • Cooling System: Central Air, Electric
  • Garage Spaces: 4
  • Number Of Parking Spaces: 8
  • Parking Features: 2-Car Single Doors, Garage Door Opener, Garage Faces Front, Inside Entrance
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Electric
  • Utilities: City Sewer, City Water, Electricity Connected, Individual Water Meter

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities, Maintenance Structure, Management Fees
  • Complex Name: Grand Heritage West
  • Association Fee: 400
  • Association Fee Frequency: Quarterly
  • Association Type: Mandatory
  • Hoa Management Company: Lavon Grand Heritage
  • HOA Management Company: 972-843-4222

Schools

  • School District: Community ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.1420
  • Lot Size: tbv
  • Parcel Number: R959100B020B1
  • Lot Size Acres: 0.1420
  • Lot Size Sq Ft: 6185.5200

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2013
  • Units Total: 2
  • SeniorCommunityYN: No

Multi Family

  • Gross Annual Expenses: 8390.00
  • Gross Annual Income: 38649.00
  • Insurance Expense: 2158
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 8948
  • Special Taxing Entities: No
  • TaxBlock: B
  • Tax Lot: 20B

MLS Schools

  • Middle School Name: Leland Edge
  • Elementary School Name: Nesmith
  • High School Name: Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2022
Closed on
Nov 15, 2022
Sold by
Moore Brenda K and Moore Francis M
Bought by
Markarian Investments Llc-351-353 Orbit Drive
Seller's Agent
David Mann
Williams Trew Real Estate
Buyer's Agent
Sheila Joyner
RE/MAX Select Homes
List Price
$495,500
Views
43
Current Estimated Value
$494,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.06%
Original Mortgage
$270,625
Outstanding Balance
$262,218
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$232,434

Purchase Details

Closed on
Mar 12, 2016
Sold by
Kenney Alexis N
Bought by
Kenney Daniel and Kenney Alexis N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Markarian Investments Llc-351-353 Orbit Drive -- --
Kenney Daniel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Markarian Investments Llc-351-353 Orbit Drive $270,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2022 11/14/22 Sold -- -- --
09/29/2022 09/29/22 Pending -- -- --
09/26/2022 09/26/22 For Sale $495,500 0.0% $364 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
09/16/2022 09/16/22 For Sale $495,500 -- $364 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

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 $5,085 $232,344 $55,000 $177,344
2024 $5,085 $250,011 $55,000 $195,011
2023 $5,085 $237,757 $55,000 $182,757
2022 $4,814 $228,547 $55,000 $173,547
2021 $4,474 $204,417 $45,000 $159,417
2020 $4,433 $192,465 $45,000 $147,465
2019 $4,584 $191,989 $45,000 $146,989
2018 $3,731 $158,593 $45,000 $113,593
2017 $3,582 $152,241 $45,000 $107,241
2016 $3,455 $145,741 $38,500 $107,241
2015 $3,149 $141,304 $38,500 $102,804
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20158434

North Texas Real Estate Information Systems (NTREIS)

APN: R-9591-00B-020B-1