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$251,000

NAL Estimated Property Value

1516 Gardenside Dr, Dallas, TX, 75217

Off MarketInfo
Beds5 Beds
Baths2 Bath
Baths1,906 Sq Ft
price_per_sqft$133.74 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Microwave
FlooringCarpet, Wood

Exterior

Lot Size7,216 sqft

Building Information

Year Built1964
Stories1
Roof Type105

Land Information

APN00000627310000000
Lot Number3
SubdivisionLake June Terrace No 2
Land UseResidential
Legal DescriptionLAKE JUNE TERRACE NO 2 BLK 4/6720 LT 3 GARDENSIDE DR INT202400103706 DD05212024 CO-DC 6720 004 00300 3006720 004
Census Tract011902
Assessed Land Value$50,000
Assessed Improvement Value$196,950
Assessment Year2025

About this property

I don’t hesitate when I say this is one of the most extraordinary homes I’ve ever seen in this part of Dallas. It’s been pampered its entire life by the people who purchased it 56 years ago & filled it with memories & love. This cozy home has been modified lovingly to cater to the needs of the large family that grew up & grew old within its walls; there are essentially FIVE BEDROOMS masterfully laid out in its generous footprint. If you don’t need FIVE BEDROOMS, 2 of the bedrooms can be used as living rooms or a theater room, even. The trees flank it on all sides, providing pleasant & ample shade during all hours of the day, creating a remarkably comfortable atmosphere within & without the home. The wood floors, the newly-installed carpet, the huge amount of storage, the covered patio, the condition of the state-of-the-art mechanical systems that were just replaced; it’s all impressive & we’re eager for you to see it. Your family will thrive here in the same way the former owners did.

Investor Tools

Property Icon
$251,000
Estimated Property Value
$241,194Estimated Mortgage Balance
$9,806Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,529 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$405/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$246,950
2025
$50,000
$196,950
$246,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$246,950

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Fha
$240,562
Yes
First
May 21, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$241,194
$9,806
3%
96%
$1,501/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,501/mo
+$1,071/mo
12.3%

City: Dallas

1516 Gardenside Dr | Property Details | No Agent List