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Lavon 75166
428 Windmill Drive
$240,000
● House - Off Market

428 Windmill Drive

Lavon, TX 75166
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,495 Ft²
$314,007
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Flooring just replaced! Lots of curb appeal here! This is an opportunity to have a rare big lot of .54 acres in a great location. This home is a one owner. The AC units were replaced last year. The roof is only 4 years old. Come take a look. This one will not last long. Buyers and Buyer's agent to verify all information.
Unit Size
1,495 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$160
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
2003

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #14451925)

Price History

Date / Event Date Event Price
Dec 23, 2020 Sold
Premium
Sold
Oct 12, 2020 Listed by Fathom Realty LLC $239,000
Listed by Fathom Realty LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 2
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 139
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,356
  • Total Building Area: 1,915
  • Gross Building Area: 2,005
  • Building Area: 1,495
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,495
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINDMILL ESTATES PHASE 1 (CLA)
  • Land Acres: 0000000536
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: WINDMILL ESTATES PHASE 1 (CLA), BLK A, LOT 19

Neighborhood

  • School District Name: Community Independent School District
  • School Tax School District: COMMUNITY ISD
  • Census Tract: 031202

Zoning

  • Zoning: SFR

Geography

  • Assessors Map Reference: 644-S
  • District: CLA
  • Parcel: R-4800-00A-0190-1
  • Block: A
  • Lot: 19
  • Municipality: LAVON CITY
  • Latitude: 33.0185
  • Longitude: -96.4439

    Address

  • Full Address: 428 Windmill Dr
  • Address - House Number: 428
  • Address - Street Name: Windmill
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Lavon
  • Carrier Code: R003
  • 4-Digit Zip Code: 1625
  • Zip Code: 75166

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $527,870
  • Tax Rate Code Area: SCO

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 349,417
  • High Value: 427,982
  • Low Value: 270,852

    Market Valuation

  • Market Total Value: $309,021
  • Market Land Value: $90,000
  • Market Improvement Value: $219,021

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $276,652
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $219,021

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 23, 2020
  • Current Sale Recording Date: Dec 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 20201228002324940
  • Previous Sale Recording Date: Jun 23, 2006
  • Previous Sale Contract Date: Jun 13, 2006
  • Previous Sale Amount: $130,100
  • Previous Sale Document Type: 40
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lavon

Stats & Trends

Median Asking:

$360,000

Sale Price/ft²

$168

Below Asking

0.03%

Average Days on Market

86

Average Home Size

2359 ft²

Average Home Age

9.1 years

Currently For Sale

34 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 354 Rock Acre Drive, Lavon, TX, 75166

$2,400 /mo

  • 4 Beds
  • 2 Baths
  • 2,700 ft²
354 Rock Acre Drive, Lavon, TX, 75166 Listing by Cynthia Li

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Michael Phillips, Fathom Realty LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14451925
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 428 Windmill Drive built and last sold?
The property at 428 Windmill Drive was built in 2003 and last sold on Dec 23, 2020 for $225,000.
How much is this home worth?
The estimated value of the home located at 428 Windmill Drive is $242,827.
What are some comparable homes to 428 Windmill Drive?
There are currently no comparable homes to 428 Windmill Drive.
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