$575,000
SOLD MAR 16, 2021
Last list price

3604 Kayewood Dr Little Elm, TX 75068

4 Beds
4 Baths
2,286 Sq Ft
0.27 Acres

Recently Sold

$252 Per Sq Ft

45 Days on Market

Highlights

  • Lake Front
  • Adjacent to Greenbelt
  • 1-Story Property
  • Deck
  • Home Security System
  • Luxury Vinyl Plank Tile Flooring

About This Home

As of March 2021

Completely Remodeled Lakefront Duplex. 2BR and 2BA on each side for a total of 4BR and 4BA. Addresses are 3604 and 3606 Kayewood. PLUS BONUS LOT that can be developed in the future. Turnkey AIRBNB VRBO Property producing over $8,000 per month in rental revenue or live in one side and rent the other one out for $3,000 per month long term. The property backs to a park with trails down to the lake. A nature lover’s dream setting that seems secluded from the hustle and bustle but less than 15 minutes to Frisco and minutes to I35, 380, or the Dallas North Tollway. No other lakefront options on all of Lewisville Lake with this much potential. All new: HVAC, Hot Water Heater, Appliances, Light Fixtures

Last Agent to Sell the Property

Wes Melcher

EXP REALTY License #0750083 Listed on: 01/13/2021

EXP REALTY

Last Buyer's Agent

Christie Cannon

Keller Williams Frisco Stars License #0456906

Keller Williams Frisco Stars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,701

Year Built

  • Built in 2002

Lot Details

  • 0.27 Acre Lot
  • Lake Front
  • Adjacent to Greenbelt
  • Many Trees

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,286 Sq Ft Home
  • 1-Story Property
  • Decorative Lighting
  • Window Treatments
  • Luxury Vinyl Plank Tile Flooring
  • Lake Views

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Car Garage
  • Front Facing Garage
  • On-Street Parking

Outdoor Features

  • Deck
  • Rain Gutters

Schools

  • Oak Point Elementary School
  • Lakeside Middle School
  • Little Elm High School

Utilities

  • Central Heating and Cooling System
  • Aerobic Septic System
  • Septic Tank
  • Sewer Not Available
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2,286 Sq Ft Building
  • Hilltown 1 Subdivision
  • Greenbelt

Listing and Financial Details

  • Legal Lot and Block 7 / K
  • Assessor Parcel Number R47439
  • $5,942 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,701

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Security: Carbon Monoxide Detector(s), Fire Alarm, Security System, Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 81000
  • Water Body Name: Lewisville
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 260.27997
  • Special Features: None
  • Year Built: 2002

Interior Features

  • Square Footage: 2286.00
  • Windows: Window Coverings
  • Interior Amenities: Cable TV Available, Decorative Lighting, High Speed Internet Available
  • Flooring: Luxury Vinyl Plank
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Range, Microwave

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: None
  • Roof: Composition
  • Construction Materials: Stucco
  • Exterior Features: Rain Gutters
  • Waterfront: Yes
  • Patio And Porch Features: Deck

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 4
  • Parking Features: Garage Faces Front, On Street
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: Aerobic Septic, Asphalt, City Water, Concrete, Individual Water Meter, No Sewer, Septic

Condo/Co-op/Association

  • Complex Name: 3604/3606 Kayewood
  • Association Type: None

Schools

  • School District: Little Elm ISD
  • Elementary School: Oak Point
  • Middle School: Lakeside
  • High School: Little Elm
  • School District: Little Elm ISD
  • Elementary School: Oak Point
  • High School: Little Elm

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Adjacent to Greenbelt, Greenbelt, Many Trees, Water/Lake View
  • Lot Size Units: Acres
  • Lot Size Area: 0.2740
  • Parcel Number: R47439
  • Lot Size Acres: 0.2740
  • Lot Size Sq Ft: 11935.4400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2002
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 15000.00
  • Gross Annual Income: 96000.00
  • Insurance Expense: 1800
  • Unit Count: 2
  • WaterfrontFeatures: Lake Front, Lake Front – Corps of Engineers

Tax Info

  • Unexempt Taxes: 5942
  • TaxBlock: K
  • Tax Lot: 7

MLS Schools

  • MiddleOrJuniorSchool: Lakeside
  • Middle School Name: Lakeside
  • Elementary School Name: Oak Point
  • High School Name: Little Elm

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2021
Sold by
Jao Property 1 Llc
Bought by
Otis Jason T and Otis Angela S
Current Estimated Value
$378,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,600
Outstanding Balance
$285,160
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$93,688

Purchase Details

Closed on
Oct 31, 2016
Sold by
Taylor Jeffrey
Bought by
The Jeffrey Allen Taylor & Rowena Tupas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2014
Sold by
Griffin James R and Griffin Teddy A
Bought by
Taylor Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.15%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed -- Fidelity National Title
Interfamily Deed Transfer -- None Available
Vendors Lien -- Freedom Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $313,600 New Conventional
Previous Owner $345,000 Purchase Money Mortgage
Previous Owner $345,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2022 11/16/22 Rented $1,875 0.0% --
10/26/2022 10/26/22 For Rent $1,875 0.0% --
03/16/2021 03/16/21 Sold -- -- --
02/27/2021 02/27/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $575,000 +66.7% $252 / Sq Ft
02/28/2020 02/28/20 Sold -- -- --
09/22/2019 09/22/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $345,000 -- $151 / 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 $1,701 $86,240 $86,240 --
2024 $1,701 $86,240 $86,240 $0
2023 $1,731 $86,240 $86,240 $0
2022 $1,949 $86,240 $86,240 $0
2021 $928 $39,200 $39,200 $0
2020 $6,056 $250,919 $59,585 $191,334
2019 $6,037 $240,000 $59,586 $180,414
2018 $5,261 $216,000 $59,586 $156,414
2017 $4,587 $187,206 $54,818 $132,388
2016 $4,328 $176,626 $47,966 $128,660
2015 -- $178,908 $47,966 $130,942
2013 -- $122,676 $41,710 $80,966
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14499668

North Texas Real Estate Information Systems (NTREIS)

APN: R47439