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Lavon 75166
555 Johnson Drive
$350,000
● House - Off Market

555 Johnson Drive

Lavon, TX 75166
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,134 Ft²
$2,328
Est. Monthly
$83
HOA / Fees
6.49%
Cap Rate

About This Property

Well maintained Bloomfield Home, Redbud floor plan. Open Floor plan, 4 bedrooms, 2 baths. Primary bedroom has ample space for sitting area or nursery space. Hardwood looking tile through out main living area with carpet in bedrooms. Kitchen boasts stainless steel appliances, fridge included, large island for entertaining, overlooking the breakfast area and living room. Oversized lot backing up to acreage homes for a little privacy. Buyers and buyers agents to verify all details within.
Unit Size
2,134 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$162
Property Type
House
Property Taxes
$551
HOA Dues
$83
Year Built
2016

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #20690021)

Price History

Date / Event Date Event Price
Sep 13, 2024 Sold
Premium
Sold
Aug 13, 2024 In contract -
In contract
Aug 1, 2024 Listed by Coldwell Banker Apex, REALTORS $345,000
Listed by Coldwell Banker Apex, REALTORS

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 4
  • 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: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 422
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 139
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,163
  • Total Building Area: 2,556
  • Gross Building Area: 2,580
  • Building Area: 2,134
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,134
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERITAGE EAST A PHASE 1 ADDITION (CLA)
  • Land Acres: 0000000256
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: HERITAGE EAST A PHASE 1 ADDITION (CLA), BLK L, LOT 12

Neighborhood

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

Geography

  • Assessors Map Reference: 644-S
  • District: CLA
  • Parcel: R-9095-00L-0120-1
  • Block: L
  • Lot: 12
  • Municipality: LAVON CITY
  • Latitude: 33.0204
  • Longitude: -96.44

    Address

  • Full Address: 555 Johnson Dr
  • Address - House Number: 555
  • Address - Street Name: Johnson
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Lavon
  • Carrier Code: R001
  • 4-Digit Zip Code: 1606
  • Zip Code: 75166

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $660,658
  • Tax Rate Code Area: SCO

    Appraisal Valuation

  • Standard Deviation: 0.213
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 448,202
  • High Value: 543,696
  • Low Value: 352,708

    Market Valuation

  • Market Total Value: $412,826
  • Market Land Value: $97,500
  • Market Improvement Value: $315,326

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $346,246
  • Assessed Land Value: $97,500
  • Assessed Improvements Value: $315,326

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 17, 2018
  • Current Sale Recording Date: May 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 20180522000621450
  • Previous Sale Recording Date: May 24, 2016
  • Previous Sale Contract Date: May 20, 2016
  • Previous Sale Amount: $261,300
  • Previous Sale Document Type: 70
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:

$340,000

Sale Price/ft²

$168

Below Asking

0.03%

Average Days on Market

85

Average Home Size

2389 ft²

Average Home Age

9 years

Currently For Sale

40 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

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NTREIS

Listed by: Kim Bentley, Coldwell Banker Apex, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20690021
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 555 Johnson Drive built and last sold?
The property at 555 Johnson Drive was built in 2016 and last sold on May 17, 2018 for $302,700.
How much is this home worth?
The estimated value of the home located at 555 Johnson Drive is $0.
What are some comparable homes to 555 Johnson Drive?
There are currently no comparable homes to 555 Johnson Drive.
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