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$4,625,000

NAL Estimated Property Value

3501 Drexel Dr, Highland Park, TX, 75205

Off MarketInfo
Beds5 Beds
Baths7 Bath
Baths5,872 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$911.1 / sqft
Year BuiltBuilt in 1923

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Electric Oven, Gas Cooktop, Ice Maker, Microwave, Warming Drawer
FlooringCarpet, Stone, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Outdoor Grill
Lot Size12,600 sqft

Building Information

Year Built1923
Stories2
Roof Type105
Garage Spaces2

Land Information

APN60084500520100000
Lot Number10,10,9
SubdivisionHighland Park
Land UseResidential
Legal DescriptionHIGHLAND PARK BLK 52 LT 10 & 14.5FT LT 9 INT202500112751 DD05302025 CO-DC 0845005201000 16908450052
Census Tract019600
Assessed Land Value$3,150,000
Assessed Improvement Value$877,310
Assessment Year2025

About this property

Classic Highland Park residence originally designed by renowned architect Hal Thomson offers a harmonious blend of historic allure and modern comfort. Step inside to discover gracious formal living and dining spaces that set the tone for sophisticated everyday living. French doors in the dining room open to a screened verandah, perfect for entertaining. Wonderful chef’s kitchen with marble countertops, Viking and Thermador appliances, and a spacious breakfast area lead to the family room. The kitchen and breakfast area also overlook a turfed side yard with mature trees. The family room features a beamed ceiling and stunning wall of French doors that seamlessly extend the living space to the backyard and pool area. The expansive primary suite provides a luxurious private sanctuary, featuring a fireplace, light-filled bathroom with two walk-in closets, and separate study. Secondary bedrooms are spacious and have ensuite baths with marble countertops. Third floor is an oversized 5th bedroom or gameroom with full bath. Additional features include a convenient side entry driveway and a 600-square-foot guest quarters above the garage, complete with a separate entry. A short walk to Armstrong Elementary, close to Highland Park Village, and easy access to nearby shopping and restaurants. Nestled on an 84x150 corner lot, this Highland Park gem is a rare find that encapsulates the essence of timeless living. Experience the best of both worlds—a home rich in history with all the conveniences for today's lifestyle.

Investor Tools

Property Icon
$4,625,000
Estimated Property Value
$6,766,992Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$32,100 /month
Positive
Cash Flow Estimate:
$10,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,653/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$44,708
$4,027,310
2025
$3,150,000
$877,310
$4,027,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$44,708
$4,027,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Midfirst Bank
Open End Mortgage / Open End With Future Advance Clause
$3,393,290
No
First
Mar 30, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$6,766,992
N/A
0%
146%
$40,690/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Highland Park

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3501 Drexel Dr | Property Details | No Agent List