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$1,058,000

NAL Estimated Property Value

11938 Midlake Drive, Dallas, TX, 75218

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,408 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.37 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Oven, Gas Cooktop, Microwave, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Stone

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size15,841 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000764215520000
Lot Number16
SubdivisionLochwood Meadows
Land UseResidential
Legal DescriptionLOCHWOOD MEADOWS BLK 3/7691 LT 16 INT202000243598 DD09042020 CO-DC 7691 003 01600 3007691 003
Census Tract012801
Assessed Land Value$157,500
Assessed Improvement Value$584,840
Assessment Year2025

About this property

Country living in the Big City! Rare Mid-Century Modern situated on a picturesque, private pond. Massive living features vaulted ceiling with exposed beams, rock fireplace and wet bar. Master bedroom feels like a tree house with two walls of windows overlooking spectacular gardens and enormous oak trees. Kitchen includes granite counters, island and travertine flooring. Five bds, PLUS office & family room. Multiple patios & freshly painted covered deck; great for outdoor entertaining. Workshop off garage with additional shelved storage room. Walk to Lochwood Park & sport’s courts. Minutes to White Rock Lake. New panel, roof replaced 2019.

Investor Tools

Property Icon
$1,058,000
Estimated Property Value
$454,288Estimated Mortgage Balance
$603,712Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,348 /month
Positive
Cash Flow Estimate:
$2,116 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,594
$742,340
2025
$157,500
$584,840
$742,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,594
$742,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$510,300
No
First
Sep 8, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$454,288
$603,712
57%
43%
$3,060/mo

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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11938 Midlake Drive | Property Details | No Agent List