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$487,000

2824 Lee St, Dallas, TX, 75206

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,110 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.88 / sqft
Year BuiltBuilt in 1928

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop
FlooringTile, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size3,615 sqft

Building Information

Year Built1928
Stories1
Roof Type105

Land Information

APN001998000D01A0000
Lot Number1A
SubdivisionAlcott's Milam
Land UseResidential
Legal DescriptionALCOTT'S MILAM BLK D/1998 LT 1A ACS 0.083 INT201300013726 DD01112013 CO-DC 1998 00D 01A00 3DA1998 00D
Census Tract000901
Assessed Land Value$180,750
Assessed Improvement Value$163,150
Assessment Year2025

About this property

Adorable bungalow in the heart of Dallas, steps from the vibrant Knox Henderson District! Two bedrooms, two full baths, a dining room, cozy living area AND a screened in porch + a private yard!! So many windows throughout the home that bring in tons of natural light! This home has a gorgeous open kitchen with stainless steel countertops and appliances, plus a large laundry and mudroom for additional storage and everyday living. French doors off the dining room lead to the cutest private backyard and is a perfect space for adorable pets, your potted plants and a place to grill out in the summer! Primary bedroom has attached bathroom and a generous closet with a flexible bonus space. Second large bedroom down the hall, as well as a second full bathroom. Washer & Dryer included. Pets are allowed but will be approved on a case-by-case basis. Available May 1! If needed sooner, please call listing agent. Little Blue is ready for her new residents!

Investor Tools

Property Icon
$487,000
Estimated Property Value
$164,576Estimated Mortgage Balance
$372,762Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,922 /month
Positive
Cash Flow Estimate:
$974 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$562/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,306
$343,900
2025
$180,750
$163,150
$343,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,306
$343,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Compass Bank
Conventional
$164,576
No
First
Jan 11, 2013
Feb 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$114,238
$372,762
76%
23%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
N/A
+$1,930/mo
4.8%

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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