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$554,000

NAL Estimated Property Value

3228 Citation Dr, Dallas, TX, 75229

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,167 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.59 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Convection Oven, Double Oven, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Lot Size10,625 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000588964000000
Lot Number3
SubdivisionChapel Downs 1st Sec
Land UseResidential
Legal DescriptionCHAPEL DOWNS 1ST SEC BLK L/6431 LT 3 INT201800321065 DD12052018 CO-DC 6431 00L 00300 1006431 00L
Census Tract009701
Assessed Land Value$250,000
Assessed Improvement Value$294,050
Assessment Year2025

About this property

A Citation sensation located deep within triple crown winning Chapel Downs neighborhood. Upon entry pause to absorb the space around you and spy the sliding wall of glass overlooking the delicious diving pool w lush landscape beyond, your heart will smile. Step within the semi open floor plan vaulted beamed ceilings with special cove lighting and custom stone fireplace living and continue your welcome flowing easily into the true art of a kitchen with 2 pantries, gas cooktop, double oven, granite counters and Artist signed wall covering. Owners suite with private pool entry boasts not only a walk in closet but a seasonal closet as well as space for celestial seating. Guest bedrooms tricked out w recent carpet.

Investor Tools

Property Icon
$554,000
Estimated Property Value
$290,152Estimated Mortgage Balance
$263,848Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,324 /month
Positive
Cash Flow Estimate:
$1,108 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$924/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,319
$544,050
2025
$250,000
$294,050
$544,050
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,319
$544,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$322,050
No
First
Mar 18, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,152
$263,848
47%
52%
$1,931/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,931/mo
+$41/mo
4.3%

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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3228 Citation Dr | Property Details | No Agent List