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$487,000

NAL Estimated Property Value

502 Hambrick Rd, Dallas, TX, 75218

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$412.5 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range
FlooringHardwood, Tile

Exterior

Lot Size9,100 sqft

Building Information

Year Built1951
Stories1
Roof Type105
Garage Spaces4

Land Information

APN00000519796000000
Lot Number1
SubdivisionLake Highlands
Land UseResidential
Legal DescriptionLAKE HIGHLANDS ESTATES 5 BLK 16/6134 LT 1 INT202100150852 DD05182021 CO-DC 6134 016 00100 3DA6134 016
Census Tract012900
Assessed Land Value$409,500
Assessed Improvement Value$75,500
Assessment Year2025

About this property

Just 1.3 miles from White Rock Lake and walkable to Hexter Elementary, this property offers prime potential in one of East Dallas’s most desirable neighborhoods. This 3-bedroom, 1-bath home is being sold AS-IS and primarily for lot value—perfect for building a brand-new custom home. The existing structure is a charming home with classic character that could be renovated for those with vision and resources, but this property is for anyone looking for a project. Whether you’re an investor seeking a teardown or a buyer ready to take on a full renovation, this property offers excellent upside in a growing area with strong demand. Garage is not accessible. Condition of systems is unknown. Seller will not make concessions or repairs - this is a transparent notice provided up front to eliminate expectations.

Investor Tools

Property Icon
$487,000
Estimated Property Value
$1,087,812Estimated Mortgage Balance
$487,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,106/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,840
$485,000
2025
$409,500
$75,500
$485,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,840
$485,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Building Or Construction Loan
$1,090,960
No
First
Mar 13, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,087,812
N/A
0%
223%
$6,541/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,650/mo
$6,541/mo
$-4,891/mo
4.1%

City: Dallas

502 Hambrick Rd | Property Details | No Agent List