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506 Main Street

506 Main Street, Lake Dallas, TX 75065
2 Units For Sale
Unit for sale at 506 Main Street, Lake Dallas, TX 75065

$499,000

  • Commercial
  • 2,459 ft²
506 Main Street, Lake Dallas, TX 75065 Listing by Mindy Lowry

Unit for sale at 506 Main Street, Lake Dallas, TX 75065

$499,000

  • 4 Beds
  • 2 Baths
  • 2,459 ft²
506 Main Street, Lake Dallas, TX 75065 Listing by Mindy Lowry

506 Main Street has been categorized by the local assessors in Lake Dallas, TX as a residential type of property. The building on the property was first built in 1969 and is 55 years old. However, we must point out that the home was most recently renovated and altered in 2000. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 506 Main Street has 2,259 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 18,295 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 200 sqft. According to our sources, there are a total of 3 available parking spaces. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick veneer. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The property was last sold in Oct 25, 2017 for $302,800. That's $123.14 per sqft. 506 Main Street was last assessed in 2023. The total value of the property was assessed at $390,968. Specifically, the land the property is located on was valued at $182,950. While improvements on the property were assessed at a total of $234,287. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,722. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 200
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 18,295
  • Total Building Area: 2,459
  • Gross Building Area: 2,459
  • Building Area: 2,259
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,259
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WRIGHT
  • Land Acres: 0.42
  • Standard Land Use Code: Single family residential
  • Legal Description 1: A1355A WRIGHT, TR 44, .42 ACRES, OLD DCAD TR #20B(3),20B(8),20B(9)

Ownership

  • Current Owner : MCGOVERN JAMES
  • Current Owner 2: MCGOVERN MONICA
  • Previous Owner : RUSSELL TAMI
  • Owner Before Previous Owner: LAKE CITIES LAND & DEVELOPMENT INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lake Dallas Independent School District
  • Census Tract: 021411

Geography

  • Assessors Map Reference: 562-X
  • Subdivision Tract Number: 44,20
  • Parcel: R62474
  • Municipality: CITY OF LAKE DALLAS
  • Latitude: 33.1182
  • Longitude: -97.023

    Address

  • Full Address: 506 Main St
  • Address - House Number: 506
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: TX
  • City Name: Lake Dallas
  • Carrier Code: R002
  • 4-Digit Zip Code: 2877
  • Zip Code: 75065

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,722
  • Tax Rate Code Area: S08

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 74
  • Final Value: 461,392
  • High Value: 549,743
  • Low Value: 373,041

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $235,750
  • First Open Lien Mortgage Lender: EVERETT FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Jan 27, 2021
  • First Open Lien Mortgage Loan Amount: $235,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $417,237
  • Market Land Value: $182,950
  • Market Improvement Value: $234,287

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $390,968
  • Assessed Land Value: $182,950
  • Assessed Improvements Value: $234,287

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 25, 2017
  • Current Sale Recording Date: Oct 27, 2017
  • Current Sale Transaction ID: 1397785167
  • Current Sale Price: $302,800
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: 2017-132828
  • Previous Sale Recording Date: Jan 22, 1996
  • Previous Sale Contract Date: Dec 29, 1995
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVERETT FINANCIAL INC
  • First Mortgage Transaction Date: Oct 27, 2017
  • First Mortgage Loan Amount: $242,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2047

About Lake Dallas



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Nearby Rentals

Unit for rent at 401 Betchan Street, Lake Dallas, TX, 75065

$995 /mo

  • 1 Bed
  • 1 Bath
  • 775 ft²
401 Betchan Street #4A, Lake Dallas, TX, 75065 Listing by PAUL ILAMI

Frequently Asked Questions

What neighborhood is 506 Main Street located in?
The 506 Main Street is a located in the neighborhood of Lewisville-Flower Mound in Lake Dallas, Lake Dallas.
How many listings are currently for sale in 506 Main Street?
There are two listings currently on the market for sale.
What is the average sales price for listings in 506 Main Street?
The average sales price for units in 506 Main Street is $499,000 , or $203/sqft. currently.

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