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$441,000

NAL Estimated Property Value

3115 Citation Dr, Dallas, TX, 75229

$447,191 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,964 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.58 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater, Vented Exhaust Fan

Exterior

Exterior FeaturesRain Gutters
Lot Size10,000 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000588739000000
Lot Number30
SubdivisionChapel Downs 3rd Sect
Land UseResidential
Legal DescriptionCHAPEL DOWNS 3RD SECT BLK G/6431 LT 30 VOL96077/0731 DD041296 CO-DALLAS 6431 00G 03000 1006431 00G
Census Tract009701
Assessed Land Value$250,000
Assessed Improvement Value$159,680
Assessment Year2025

About this property

Welcome to an exceptional opportunity in the heart of Chapel Downs, one of Northwest Dallas’ most established and tree-lined neighborhoods. This spacious 4-bedroom, 2.5-bath ranch sits on a quiet interior lot, offering a peaceful setting while still moments from major corridors, shopping, and dining. With long-term ownership, the home retains much of its original character, making it ideal for buyers who want to customize a property to their taste and create immediate equity. The floor plan features generous room sizes, including two living areas, a formal dining room, and a large kitchen footprint with views to the backyard. All four bedrooms are thoughtfully arranged in a separate wing, providing privacy and flexibility for families, guests, or a dedicated home office. The half bath is conveniently located off the main living area, adding functionality for everyday living and entertaining. Outside, the oversized backyard offers mature trees, ample play space, and potential for a future patio, pool, or outdoor kitchen. Homes in this neighborhood that have been updated or fully renovated regularly trade in the mid-$600s, and this property has been priced with that upward potential in mind. Whether you’re an investor, a buyer looking to update over time, or someone dreaming of designing a home from the ground up, this property offers the rare combination of location, footprint, and long-term value. Don’t miss your chance to secure this well-loved home with incredible potential.

Investor Tools

Property Icon
$441,000
Estimated Property Value
$347,499Estimated Mortgage Balance
$93,501Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$447,191
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,670 /month
Positive
Cash Flow Estimate:
$890 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$473/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,477
$409,680
2025
$250,000
$159,680
$409,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,477
$409,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kind Lending Llc
Unknown
$348,000
No
First
Apr 20, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$347,499
$93,501
21%
79%
$2,087/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,087/mo
+$485/mo
7.0%

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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