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$251,740

NAL Estimated Property Value

2602 Nicholson Drive, Dallas, TX, 75224

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,323 Sq Ft
price_per_sqft$136.05 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size9,406 sqft

Building Information

Year Built1951
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000469819000000
Lot Number19
SubdivisionWynnewood Addition
Land UseResidential
Legal DescriptionWYNNEWOOD 2 SEC 2 BLK 16/5975 LT 19 INT202000228161 DD08212020 CO-DC 5975 016 01900 4DA5975 016
Census Tract006200
Assessed Land Value$95,000
Assessed Improvement Value$156,740
Assessment Year2025

About this property

Multiple offers received. Best & Final due Thursday, July 30th at Noon. LOVELY FULLY RENOVATED 3bdrm, 1bth home located in Dallas. This open concept home features all new flooring, fresh interior & exterior paint, new kitchen cabinets, granite countertops, stainless steel appliances, updated bathroom, new fixtures, 5¼in baseboards, NEWLY INSTALLED ROOF & so much more! Home is located within minutes of local attractions like Dallas Downtown, Klyde Warren Park, Trinity Groves, Uptown, Bishop Arts District, Kiest Park, Museums & tons more. Great location for shopping, commuting to & from plenty of unique shops, entertainment, restaurants & fine dining for all to enjoy. MOVE-IN-READY-OWNER FINANCING AVAILABLE

Investor Tools

Property Icon
$251,740
Estimated Property Value
$173,595Estimated Mortgage Balance
$78,145Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,510 /month
Positive
Cash Flow Estimate:
$503 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$406/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,616
$251,740
2025
$95,000
$156,740
$251,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,616
$251,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Summit Funding Inc
Fha
$195,395
Yes
First
Aug 21, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,595
$78,145
31%
69%
$1,172/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,172/mo
+$800/mo
9.4%

City: Dallas

2602 Nicholson Drive | Property Details | No Agent List