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$667,000

NAL Estimated Property Value

10040 Lakemere Dr, Dallas, TX, 75238

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,663 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$405.89 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Cooktop, Gas Water Heater
FlooringWood

Exterior

Lot Size8,375 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000748138000000
Lot Number8-A
SubdivisionLake Ridge
Land UseResidential
Legal DescriptionLAKE RIDGE ESTATES 2 BLK A/7527 LOT 8-A LAKEMERE DR INT202100167452 DD06032021 CO-DC 7527 00A 08A00 3007527 00A
Census Tract013012
Assessed Land Value$435,000
Assessed Improvement Value$172,130
Assessment Year2025

About this property

In the heart of Lake Highlands, just steps from the highly sought-after Lake Highlands Elementary, this beautifully redone 3 bedroom, 2 bath home balances charm, comfort, and everyday ease. Thoughtfully updated in 2021, the open kitchen is the warm center of the home. It features new appliances, custom built ins, and a natural gathering flow that invites conversation, cooking, and connection. The living spaces are highlighted by the cozy fireplace, designer wallpaper and curated finishes that give the home its welcoming personality. The nursery is picture perfect, offering a joyful space that instantly feels special. Both bathrooms have been refreshed with clean, modern touches. Outdoor spaces are enlivened by a covered patio and framed mature trees which create a peaceful backdrop for morning coffee, outdoor dinners and play. The J-swing driveway with electric gate provides both convenience and privacy, while the extra-large garage and attached workroom or exercise space add valuable flexibility for hobbies, storage or daily routines. Its proximity to exceptional schools, neighborhood parks, and a quiet, walkable neighborhood help this house feel like home.

Investor Tools

Property Icon
$667,000
Estimated Property Value
$534,487Estimated Mortgage Balance
$132,513Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$945/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,000
$607,130
2025
$435,000
$172,130
$607,130
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,000
$607,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Unknown
$537,600
No
First
Jan 2, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$534,487
$132,513
19%
80%
$3,224/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,224/mo
$-1,252/mo
3.5%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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10040 Lakemere Dr | Property Details | No Agent List