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$255,000

NAL Estimated Property Value

3166 Palo Alto Dr, Dallas, TX, 75241

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,341 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.61 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave

Exterior

Lot Size17,547 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000756049000000
Lot Number6A
SubdivisionAlta Mesa Park
Land UseResidential
Legal DescriptionALTA MESA PARK BLK 24/7614 LOT 6A INT202500130387 DD06232025 CO-DC 7614 024 06A00 2007614 024
Census Tract016711
Assessed Land Value$80,000
Assessed Improvement Value$80,770
Assessment Year2025

About this property

Charming 4-Bedroom Home on Oversized Lot in South Dallas! Welcome to 3166 Palo Alto Dr! A move-in ready gem offering 4 spacious bedrooms, 2 full bathrooms, and 1,262 sq. ft. of comfortable living space, all nestled on a generous 0.40-acre lot! Located in a rapidly growing area of South Dallas, this home offers excellent access to major highways, schools, parks, and shopping centers, making commuting and daily living a breeze. Just minutes from I-20 and I-35, you're never far from everything Dallas has to offer! Enjoy the convenience of a 1-car garage and a rare alley entrance to the backyard, giving you added accessibility, privacy, and potential for expansion, storage, or even a workshop setup. The expansive yard provides ample space for entertaining, gardening, or adding your personal touches. Whether you're a first-time buyer or looking for a smart investment opportunity, this home checks all the boxes. Don’t miss out on this opportunity to own a piece of Dallas with room to grow! Schedule your private tour today!

Investor Tools

Property Icon
$255,000
Estimated Property Value
$254,075Estimated Mortgage Balance
$925Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /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
$3,593
$160,770
2025
$80,000
$80,770
$160,770
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,593
$160,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Resources Inc
Fha
$258,236
Yes
First
Jun 23, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$254,075
$925
0%
100%
$1,549/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,549/mo
+$16/mo
7.4%

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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3166 Palo Alto Dr | Property Details | No Agent List