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$297,380

3231 Reed Ln, Dallas, TX, 75215

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,576 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.73 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave

Exterior

Lot Size7,500 sqft

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000176092000000
Lot Number15
SubdivisionReed Calvin
Land UseResidential
Legal DescriptionREED CALVIN BLK 2/1782 LT 15 INT202300234755 DD11162023 CO-DC 1782 002 01500 1001782 002
Census Tract020800
Assessed Land Value$65,000
Assessed Improvement Value$232,380
Assessment Year2025

About this property

This home qualifies for lender incentives. Up to $15,000 downpayment assistance or 5.5%-5.8% interest rates with FHA loan. Details in Transaction desk. Welcome to this beautiful and charming modern home with 3 beds and 2 baths, perfect for a growing family. Down the street from Milred Park and Minutes from Fair park, downtown Dallas with lots of entertainment options in Deep Ellum and surrounding areas. The home is built with high quality materials and the open concept floor plan accentuated with beautiful kitchen with a waterfall countertop will make you fall in love. There is also a separate laundry room with an attached sink to conveniently do you laundry. Tankless water heater & HVAC is gas which will keep that electricity costs low. This home is also equipped with a car charger.

Investor Tools

Property Icon
$297,380
Estimated Property Value
$318,274Estimated Mortgage Balance
$0Estimated Equity
-7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,917 /month
Positive
Cash Flow Estimate:
$639 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$509/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,617
$297,380
2025
$65,000
$232,380
$297,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,617
$297,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Fha
$318,274
Yes
First
Dec 6, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$310,267
N/A
0%
104%
$1,909/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,909/mo
+$63/mo
8.0%

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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3231 Reed Ln | Property Details | No Agent List