B+

NoAgentList RatingHow are grades calculated?

1view

$464,900

3115 Chapel Downs Drive, Dallas, TX, 75229

Off Market

3 Beds

3 Bath

2,350 Sq Ft

Single Family Residence

$197.83 / sqft

Built in 1962

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Gas Water Heater

FlooringCarpet, Laminate, Stone

Exterior

Exterior FeaturesRain Gutters, Lighting

Lot Size10,000 sqft

Building Information

Year Built1962

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000588475000000

Lot Number2

SubdivisionChapel Downs 2nd Sec

Land UseResidential

Legal DescriptionCHAPEL DOWNS 2ND SEC BLK E/6431 LT 2 INT202100088739 DD03262021 CO-DC 6431 00E 00200 1006431 00E

Census Tract009701

Assessed Land Value$237,500

Assessed Improvement Value$358,710

Assessment Year2025

About this property

MUST SEE!!! Stunning updated home that backs up to greenbelt with direct access to the Northhaven Trail! Situated in highly sought after Chapel Downs neighborhood. Beautifully renovated kitchen. Brand new quartz countertops and large waterfall island. 2 living rooms with open living room kitchen concept plus skylights. Large master bedroom with 3 closets with custom built ins. Huge covered back patio great for entertaining. Lots of upgrades including fresh paint, updated half bath, 8FT privacy fence 2019, new AC unit 2018, new landscaping 2020, Low E windows & roof 2015 plus more! Easy access to 635, DNT, I35 minutes from Uptown, Downtown, Galleria & Northpark mall.

Investor Tools

$623,000

Estimated Property Value

$0Estimated Mortgage Balance

$74,028Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,738 /month

Positive

Cash Flow Estimate:

$1,246 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$952/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,307

$596,210

2025

$237,500

$358,710

$596,210

Tax History

Year

Tax Paid

Assessed Value

2024

$8,307

$596,210

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Texas Tech Fcu

Stand Alone Second / Subordinate Position

$45,990

First

Mar 26, 2021

Apr 2036

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$548,972

$74,028

11%

88%

$3,346/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$3,346/mo

$-1,374/mo

3.8%

Learn About the Market: Opportunity in Dallas

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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.

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