NOT LISTED FOR SALE

365 Armstrong Ln Lavon, TX 75166

Estimated Value: $202,000 - $315,000

3 Beds
2 Baths
1,202 Sq Ft
$207/Sq Ft Est. Value

Last Sold May 24, 2023

Current estimated payment $1,885/month

106 Days on Market

Highlights

  • Corner Lot
  • 1-Story Property
  • Central Heating and Cooling System
  • 4 Car Attached Garage
  • Landscaped
  • Ceiling Fan

About This Home

As of May 2023

Perfect investor opportunity! Or live in one side and rent out the other. Single story full duplex in the popular Grand Heritage West community. Each side of this corner lot duplex has 2 full size garages, ample driveway space, 3 bedrooms, 2 full bathrooms, utility rooms, walk-in closets, pantries, private fenced backyards, and full sprinkler systems. The duplex has a desirable layout, upgraded fixtures, and a history of 100% rental occupancy. Community features access to Grand Heritage Club with large resort style community pool, splash pad, playground-park, trails, gym, clubhouse, business center, and more. Community is close to Lavonia Park access to Lake Lavon.

Last Agent to Sell the Property

Johanna Mattox

Ebby Halliday, Realtors License #0630948 Listed on: 02/07/2023

Ebby Halliday, Realtors

Last Buyer's Agent

Betty DeVinney

C21 Fine Homes Judge Fite License #0638532

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,984

Year Built

  • Built in 2010

Lot Details

  • 4,704 Sq Ft Lot
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Large Grassy Backyard

HOA Fees

  • $160 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Lighted Parking
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

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

Interior Spaces

  • 1,202 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Thermostat

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 18B / E
  • Assessor Parcel Number 2649794
  • $4,728 per year unexempt tax
  • Special Tax Authority

Community Details

Overview

  • Association fees include full use of facilities, ground maintenance, management fees
  • Lavon Grand Heritage HOA, Phone Number (972) 843-4222
  • Grand Heritage West C Subdivision
  • Mandatory home owners association

Amenities

  • Community Mailbox

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,984

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: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 1
  • Will Subdivide: Subdivided
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 203.80616
  • Attribution Contact: 214-509-0808
  • Special Features: None
  • Year Built: 2010

Interior Features

  • Square Footage: 1202.00
  • Interior Amenities: Cable TV Available
  • Appliances: Dishwasher

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Brick, Frame, Wood

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Garage Spaces: 4
  • Number Of Parking Spaces: 4
  • Parking Features: Concrete, Driveway, Garage Door Opener, Garage Faces Front, Lighted
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, City Water, Community Mailbox, Concrete, Curbs, Individual Water Meter, Sidewalk

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities, Maintenance Grounds, Management Fees
  • Association Fee: 1920
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: Lavon Grand Heritage HOA
  • HOA Management Company: 972-843-4222

Schools

  • School District: Community ISD
  • Elementary School: Nesmith

Green Features

  • Efficiency: HVAC, Thermostat
  • Smart Home Features Appor Pass Y: No

Lot Info

  • Lot Features: Corner Lot, Landscaped, Lrg. Backyard Grass, Sprinkler System, Subdivision
  • Lot Size Units: Acres
  • Lot Size Area: 0.1080
  • Parcel Number: 2649794
  • Lot Size Acres: 0.1080
  • Lot Size Sq Ft: 4704.4800

Building Info

  • Year Built: 2010
  • Units Total: 1
  • SeniorCommunityYN: No

Multi Family

  • Gross Annual Expenses: 1.00
  • Gross Annual Income: 1.00
  • Insurance Expense: 1
  • Unit Count: 1

Tax Info

  • Unexempt Taxes: 4728
  • Special Taxing Entities: Yes
  • TaxBlock: E
  • Tax Lot: 18B

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
Feb 7, 2023
Closed on
May 24, 2023
Sold by
Donato Christopher
Bought by
Revels Donald Ray
Seller's Agent
Johanna Mattox
Ebby Halliday, Realtors
Buyer's Agent
Betty DeVinney
C21 Fine Homes Judge Fite
List Price
$489,900
Views
1509
Current Estimated Value
$248,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.61%
Original Mortgage
$183,732
Outstanding Balance
$178,510
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$70,286

Purchase Details

Closed on
Apr 20, 2011
Sold by
Value Builders Inc
Bought by
Donato Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,000
Interest Rate
4.82%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Revels Donald Ray -- Simplifile
Donato Christopher -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Revels Donald Ray $183,732
Previous Owner Donato Christopher $97,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2023 05/30/23 Price Changed $244,950 -50.0% $204 / Sq Ft
05/30/2023 05/30/23 Pending -- -- --
05/30/2023 05/30/23 Price Changed $489,900 0.0% $408 / Sq Ft
05/24/2023 05/24/23 Sold -- -- --
04/26/2023 04/26/23 Pending -- -- --
04/13/2023 04/13/23 Price Changed $489,900 0.0% $408 / Sq Ft
04/13/2023 04/13/23 For Sale $489,900 -1.0% $408 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/22/2023 03/22/23 Price Changed $495,000 0.0% $412 / Sq Ft
03/22/2023 03/22/23 For Sale $495,000 -1.0% $412 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
02/07/2023 02/07/23 For Sale $500,000 0.0% $416 / Sq Ft
07/25/2021 07/25/21 Rented $1,525 0.0% --
07/19/2021 07/19/21 Under Contract -- -- --
07/07/2021 07/07/21 For Rent $1,525 -- --
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 $4,984 $227,266 $55,000 $172,266
2024 $4,984 $245,271 $55,000 $189,745
2023 $4,984 $233,378 $55,000 $178,378
2022 $4,728 $224,452 $55,000 $169,452
2021 $4,057 $185,351 $45,000 $140,351
2020 $4,028 $174,873 $45,000 $129,873
2019 $4,167 $174,500 $45,000 $129,500
2018 $3,414 $145,111 $45,000 $100,111
2017 $3,283 $139,541 $45,000 $94,541
2016 $3,177 $134,035 $38,500 $95,535
2015 $2,906 $130,107 $38,500 $91,607
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20251807

North Texas Real Estate Information Systems (NTREIS)

APN: R-9591-00E-018B-1