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B+
NoAgentList RatingHow are grades calculated? Info

$504,880

15616 Terrace Lawn Cir, Dallas, TX, 75248

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,894 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$329.99 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Microwave, Washer
FlooringTile, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size7,581 sqft

Building Information

Year Built1968
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000797287000000
Lot Number110
SubdivisionPrestonwood
Land UseResidential
Legal DescriptionPRESTONWOOD 1 BLK A/8195 LT 110 INT202500016254 DD01272025 CO-DC 8195 00A 11000 3DA8195 00A
Census Tract013607
Assessed Land Value$115,000
Assessed Improvement Value$389,880
Assessment Year2025

About this property

Tucked into the heart of Prestonwood, 15616 Terrace Lawn Cir blends Spanish-inspired architecture with modern ease—all on a quiet cul-de-sac in the sought-after Richardson ISD. With nearly 1,900 square feet of light-filled living space and a layout designed for everyday comfort, this single-story home offers a thoughtful balance of style and function. The living area welcomes you with vaulted ceilings, exposed beams, and a brick fireplace that anchors the space with cozy charm. Just beyond, the dining area flows into a well-scaled kitchen with classic cabinetry, gas range, smooth countertops, plenty of storage, and warm sunlight filtering through the window in the breakfast nook. The primary suite offers a private retreat with its own bath, while three secondary bedrooms provide flexibility for guests, office space, or a growing household. A Jack-and-Jill bath connects two of the secondary bedrooms with convenience and charm. Outside, the backyard invites easy entertaining or quiet relaxation, with a covered patio and room to garden, gather, or simply enjoy the shade. The attached two-car garage provides functionality without compromising curb appeal. As part of a welcoming community, the home enjoys access to a beautiful nine-acre private park featuring a swimming pool, children’s playground, basketball and volleyball courts, a soccer field, and plenty of walking paths—perfect for an active lifestyle close to home. Located in a friendly, established neighborhood near shopping, dining, and major corridors, this home offers the kind of thoughtful layout and low-maintenance lifestyle that makes coming home feel easy.

Investor Tools

Property Icon
$504,880
Estimated Property Value
$504,800Estimated Mortgage Balance
$6,713Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$673/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,547
$504,880
2025
$115,000
$389,880
$504,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,547
$504,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Mortgage Advisors Llc
Conventional
$504,800
No
First
Aug 8, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$498,167
$6,713
1%
99%
$3,027/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,280/mo
$3,927/mo
$-1,647/mo
5.4%

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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15616 Terrace Lawn Cir | Property Details | No Agent List