NOT LISTED FOR SALE

364 & 366 Armstrong Ln Lavon, TX 75166

Estimated Value: $213,000 - $441,735

6 Beds
4 Baths
2,532 Sq Ft
$123/Sq Ft Est. Value

Last Sold September 01, 2023

Current estimated payment $2,230/month

Highlights

  • Open Floorplan
  • Clubhouse
  • 4 Car Attached Garage
  • Community Lake
  • Community Pool
  • Walk-In Closet

About This Home

As of September 2023

Prime DFW investment opportunity: 100% rented Class A duplex with two 3 bed, 2 bath, and a tandem garage on each side. The open floor plan connects the kitchen to the living area seamlessly. The kitchen features tiled counters and backsplash, black appliances, and ample cabinet space, while the home boasts designer neutral colors and decorative lighting. Convenience is key with a separate utility room and full-size washer & dryer connections. The private fenced backyard, covered porches, and sprinkler system add to the appeal. The community offers fantastic amenities, including a clubhouse, pool, splash park, fitness center, and business center.

Last Agent to Sell the Property

Erion Shehaj

Signature Real Estate Brokerage Phone: 713-952-3200 License #0516948 Listed on: 08/03/2023

Last Buyer's Agent

Kenneth McKeown

Real Broker, LLC License #0690463

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,123

Year Built

  • Built in 2010

Lot Details

  • 3,920 Sq Ft Lot

HOA Fees

  • $160 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,532 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Decorative Lighting

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 10A / B
  • Assessor Parcel Number R959100B010A1
  • $9,710 per year unexempt tax

Community Details

Overview

  • Association fees include full use of facilities, ground maintenance
  • 2,532 Sq Ft Building
  • Lavon Grand Heritage HOA, Phone Number (972) 843-4222
  • Grand Heritage West C Subdivision
  • Mandatory home owners association
  • Community Lake
  • Greenbelt

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,123

Year Built

Built in 2010

Lot Details

0

HOA Fees

$160 per month

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 27640
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 175.71090
  • Attribution Contact: 713-952-3200
  • Special Features: None
  • Year Built: 2010

Interior Features

  • Square Footage: 2532.00
  • Interior Amenities: Decorative Lighting, High Speed Internet Available, Open Floorplan, Pantry, Walk-In Closet(s)
  • Flooring: Carpet, Ceramic Tile
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Community Features: Club House, Community Pool, Greenbelt, Lake, Park, Playground
  • Roof: Composition
  • Construction Materials: Brick

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Garage Spaces: 4
  • Number Of Parking Spaces: 2
  • Parking Features: Garage Double Door, Garage
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, Concrete, Curbs, Sidewalk

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities, Maintenance Grounds
  • Complex Name: Grand Heritage - West
  • Association Fee: 480
  • Association Fee Frequency: Quarterly
  • Association Type: Mandatory
  • Hoa Management Company: Lavon Grand Heritage HOA
  • HOA Management Company: 972-843-4222

Schools

  • School District: Community ISD
  • Elementary School: Mcclendon

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.0900
  • Parcel Number: R959100B010A1
  • Lot Size Acres: 0.0900
  • Lot Size Sq Ft: 3920.4000
  • Assessor Parcel Number 2: R959100B010B1

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2010
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 13700.00
  • Gross Annual Income: 41340.00
  • Insurance Expense: 1500
  • Tenancy: Over 9 Months, Pet Restrictions, Pets Allowed
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 9710
  • TaxBlock: B
  • Tax Lot: 10A

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2024
Sold by
Millstone Cameron
Bought by
Home Hub Llc
Current Estimated Value
$312,184

Purchase Details

Listed on
Aug 3, 2023
Closed on
Sep 5, 2023
Sold by
Oak Legacy Capital Llc
Bought by
Millstone Cameron
Seller's Agent
Erion Shehaj
Signature Real Estate
Buyer's Agent
Kenneth McKeown
Real Broker, LLC
List Price
$439,900
Views
66

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.31%
Original Mortgage
$333,675
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2022
Sold by
Michael Petrosky Jr John
Bought by
Oak Legacy Capital Llc

Purchase Details

Closed on
Nov 23, 2021
Sold by
Odierna Elizabeth A and Lancer Trust
Bought by
Petrosky John Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2012
Sold by
Welsh James A and Odierna Elizabeth A
Bought by
Lancer Trust

Purchase Details

Closed on
Aug 31, 2010
Sold by
Value Builders Inc
Bought by
Welsh James A and Odierna Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
4.51%
Mortgage Type
New Conventional
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
Home Hub Llc -- None Listed On Document
Millstone Cameron -- Great American Title
Oak Legacy Capital Llc -- None Listed On Document
Petrosky John Michael -- Independence Title
Lancer Trust -- None Available
Welsh James A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Millstone Cameron $333,675
Previous Owner Petrosky John Michael $257,000
Previous Owner Welsh James A $101,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2023 09/01/23 Sold -- -- --
08/04/2023 08/04/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $439,900 -- $174 / 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 $5,123 $233,154 $55,000 $178,154
2024 $5,123 $252,053 $55,000 $197,053
2023 $5,123 $239,737 $55,000 $184,737
2022 $4,855 $230,491 $55,000 $175,491
2021 $4,481 $190,350 $45,000 $145,350
2020 $4,135 $179,501 $45,000 $134,501
2019 $4,277 $179,112 $45,000 $134,112
2018 $3,498 $148,677 $45,000 $103,677
2017 $3,362 $142,909 $45,000 $97,909
2016 $3,258 $137,441 $38,500 $98,941
2015 $2,977 $133,372 $38,500 $94,872
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20397006

North Texas Real Estate Information Systems (NTREIS)

APN: R-9591-00B-010A-1