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B+
NoAgentList RatingHow are grades calculated?Info
Days99Days on Market
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$290,000

1227 Fernwood Avenue, Dallas, TX, 75216

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.14 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal
FlooringCeramic Tile, Vinyl

Exterior

Lot Size6,963 sqft

Building Information

Year Built1940
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000285721000000
Lot Number15
SubdivisionGoggans J L
Land UseResidential
Legal DescriptionGOGGANS J L BLK 2/3733 LT 15 3733 002 01500 2003733 002
Census Tract021000
Assessed Land Value$90,000
Assessed Improvement Value$102,620
Assessment Year2025

About this property

Welcome to 1227 Fernwood Ave, a beautifully updated Dallas home that blends fresh modern finishes with everyday functionality in a location that keeps you close to the heart of the city. From the moment you arrive, the home stands out with its inviting curb appeal, covered front porch, and freshly refreshed exterior. Inside, you’ll find a bright, open layout with abundant natural light, updated flooring, and a clean contemporary feel throughout. The spacious living and dining areas create an easy flow for both daily living and entertaining. The kitchen has been thoughtfully renovated with crisp white cabinetry, sleek countertops, updated fixtures, stainless steel appliances, and a large island with stylish wood accents that adds both workspace and seating. Open shelving and built-in storage bring character and practicality, making the space feel both functional and design-forward. Both bathrooms have been upgraded with a polished modern look, featuring updated vanities, lighting, mirrors, and tilework. The bedrooms offer flexibility for family, guests, or a home office, while the overall layout makes great use of the square footage. Outside, the property continues to impress with a spacious fenced backyard, mature trees, and a detached garage that provides added storage, parking, or workspace potential. There is plenty of room to enjoy the outdoors, host gatherings, or simply relax in your own private yard. Located in Dallas, this home offers convenient access to Downtown Dallas, major highways, employment centers, shopping, dining, and neighborhood parks. Whether you're commuting, investing, or looking for a move-in ready primary residence, this location gives you the benefit of city convenience with the comfort of a fully updated home. A great opportunity to own a refreshed property with style, functionality, and accessibility all in one.

Investor Tools

$0Estimated Mortgage Balance
$322,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,932 /month
Positive
Cash Flow Estimate:
$644 /month

Interested in this property?

Lora Karacic

Monument Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$134/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$192,620
2025
$90,000
$102,620
$192,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$192,620

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$322,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
7.3%

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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