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Owner Contacts

$2,000,000

11211 Strait Ln, Dallas, TX, 75229

Off Market

4 Beds

3 Bath

3,425 Sq Ft

Single Family Residence

$583.94 / sqft

Built in 1953

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater

FlooringBrick, Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Lot Size1.02 acres

Building Information

Year Built1953

Stories1

Roof Type105

Land Information

APN00639100010030000

Lot Number3

SubdivisionFinnegan

Land UseResidential

Legal DescriptionFINNEGAN BLK 1/6391 LOT 3 ACS 1.009 INT202500037802 DD02202025 CO-DC 6391 001 00300 2DA6391 001

Census Tract013500

Assessed Land Value$1,858,790

Assessed Improvement Value$141,210

Assessment Year2025

About this property

Eleven Two Eleven Strait Lane is unique. In 70+ years, it looks like there have only been two owners. The value is in the land. The original house could be renovated but will likely be torn down - time will tell, but it is not really about the house. It is about the swanky address and the location. It is about the potential and the future. And, it is about the endless possibilities. Seize this opportunity - lots on Strait Lane do not come on the market often!!

Investor Tools

$2,000,000

Estimated Property Value

$1,400,000Estimated Mortgage Balance

$630,973Estimated Equity

30% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$12,000 /month

Positive

Cash Flow Estimate:

$4,000 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$4,542/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$44,500

$2,000,000

2025

$1,858,790

$141,210

$2,000,000

Tax History

Year

Tax Paid

Assessed Value

2024

$44,500

$2,000,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First Fidelity Bank Na

Unknown

$1,400,000

First

Feb 19, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,369,027

$630,973

31%

68%

$8,394/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,572/mo

$8,394/mo

$-5,822/mo

1.5%

Learn About the Market: Opportunity in Dallas

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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.

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