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$325,000

2640 Morgan Dr, Dallas, TX, 75241

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,620 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$200.62 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator

Exterior

Lot Size22,645 sqft

Building Information

Year Built2017
Stories1
Roof Type105

Land Information

APN00000756805000000
Lot Number5
SubdivisionAlta Mesa Park
Land UseResidential
Legal DescriptionALTA MESA PARK BLK C/7615 LOT 5 INT201500257856 DD08132015 CO-DC 7615 00C 00500 2007615 00C
Census Tract016710
Assessed Land Value$75,000
Assessed Improvement Value$196,880
Assessment Year2025

About this property

Step into your dream home nestled in the vibrant heart of Dallas. This beautifully designed 3-bedroom, 2-bath residence offers a seamless blend of modern elegance and classic comfort, all set on a spacious half-acre lot. Without the constraints of a garage, this home maximizes its outdoor space for endless possibilities. Inside, you'll be captivated by the custom design and open concept layout, making it perfect for both casual living and entertaining. The expansive living area flows effortlessly into the dining room and gourmet kitchen, where custom countertops, contemporary fixtures, and ample cabinetry invite culinary creativity. Huge kitchen island creates a centerpiece for family gatherings. Natural light floods the space, creating a warm and inviting ambiance. Retreat to the serene primary suite, complete with a private and tastefully designed bathroom with oversize shower and clawfoot tub. Two additional bedrooms offer ample space and flexibility, providing room for guests or a home office. The second full bath with barn style door, modern finishes and attentive detailing. The home's exterior is equally impressive, featuring a classic brick and stone façade that radiates timeless charm. Inviting front porch is perfect for morning coffee. Patio and large backyard provide plenty of room for the kids, evening relaxation, offering a picturesque view of the sprawling half-acre lot. A haven for gardeners or those who love the outdoors, the ample lot provides endless opportunities for personalization and outdoor activities. Positioned in a desirable Dallas location, this property combines the best of both city convenience and serene privacy. With its thoughtful design and generous space, this home is ready to welcome new memories and experiences. Seize the opportunity to own this unique Dallas gem and enjoy a lifestyle of comfort and style. Schedule your visit today to experience firsthand the allure and charm of this exceptional property.

Investor Tools

$114,555Estimated Mortgage Balance
$157,325Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Jesse Money

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$385/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,260
$271,880
2025
$75,000
$196,880
$271,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,260
$271,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$120,000
No
First
Feb 21, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$114,555
$157,325
57%
42%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$720/mo
+$1,252/mo
8.7%

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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2640 Morgan Dr | Property Details | No Agent List