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$365,000

1264 Michael Ave, Lewisville, TX, 75077

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,843 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.05 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Disposal, Gas Water Heater
FlooringCarpet, Ceramic Tile, Linoleum

Exterior

Exterior FeaturesRain Gutters
Lot Size8,006 sqft

Building Information

Year Built1996
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR181913
Lot Number1
SubdivisionOrchard Valley Estates Ph Iii
Land UseResidential
Legal DescriptionORCHARD VALLEY ESTATES PH III BLK E LOT 1
Census Tract021716
Assessed Land Value$91,422
Assessed Improvement Value$342,227
Assessment Year2025

About this property

Nestled on a desirable corner lot backing to Orchard Valley Park, this charming single-story residence offers an inviting blend of comfort, timeless appeal & everyday convenience. A thoughtfully designed floor plan features two spacious living areas & two dining spaces, offering wonderful flexibility for entertaining & everyday living. The main living area is anchored by a cozy gas-log fireplace, creating a warm & welcoming atmosphere. The kitchen features an abundance of cabinetry, a center island, pantry & adjoining breakfast nook. The generously sized primary suite offers a peaceful retreat with an en-suite bathroom featuring dual vanities, a garden tub, separate shower & spacious walk-in closet. Step outside to a charming backyard with a patio that’s ideal for morning coffee, outdoor dining or simply relaxing while enjoying the peaceful park-side setting. Situated directly behind the property, Orchard Valley Park offers beautiful green space, walking paths, a playground, pavilion & picnic area. Additional highlights include a rear-entry two-car garage, detached covered carport providing extra parking, sprinkler system & valuable improvements including a 2024 roof, 2015 HVAC, foundation adjustments completed in 2013 & 2017 with warranty, plus a root barrier installed along the west side in 2021. Ideally located within Lewisville ISD, just minutes from Lewisville Lake, shopping, dining, everyday conveniences & easy access to I-35. With its desirable corner lot, beautiful greenbelt backdrop, flexible living spaces & exceptional location, this home offers an appealing combination of comfort & convenience. Plus no HOA! Bring your design ideas and make this home your own. It’s an incredible opportunity. Search property address on YouTube to see a video tour of the home.

Investor Tools

$0Estimated Mortgage Balance
$422,263Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,534 /month
Positive
Cash Flow Estimate:
$845 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$250/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$887
$422,263
2025
$91,422
$342,227
$433,649
No

Tax History

Year
Tax Paid
Assessed Value
2025
$887
$422,263

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranty Federal Bank Fsb
N/A
$30,000,000
N/A
First
Aug 30, 1996
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$422,263
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,770/mo
N/A
+$2,770/mo
7.9%

City: Lewisville

1264 Michael Ave | Property Details | No Agent List