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$625,000

506 Woolsey Drive, Dallas, TX, 75224

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,246 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$278.27 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesLighting, Storage
Lot Size11,742 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000467863000000
Lot Number10
SubdivisionWynnewood
Land UseResidential
Legal DescriptionWYNNEWOOD BLK 50/5973 LT 10 INT202200047783 DD02162022 CO-DC 5973 050 01000 2005973 050
Census Tract006200
Assessed Land Value$125,000
Assessed Improvement Value$640,840
Assessment Year2025

About this property

Must see in person! Stunning ranch-style home on captivating lot in Wynnewood. Original wood floors throughout most of the home, with large flexible floor plan. Kitchen boasts gorgeous painted cabinetry, quartz countertops and an abundance of cabinetry. Stainless appliances include gas cooktop, built in microwave, oven & wine fridge. Large primary bedrooms include walk in closet and recently renovated bath with soaking tub. Updates include energy efficient windows Trane heating and cooling and tankless hot water heater. Rare three full baths. Covered patio, open deck and gorgeous pool to be enjoyed all year long with friends and family. Two separate Carport spaces with electric gate. Easy drive to Bishop Arts.

Investor Tools

Property Icon
$765,840
Estimated Property Value
$0Estimated Mortgage Balance
$407,941Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,595 /month
Positive
Cash Flow Estimate:
$1,532 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,303/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,811
$765,840
2025
$125,000
$640,840
$765,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,811
$765,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Conventional
$389,000
No
First
Feb 16, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$357,899
$407,941
53%
47%
$2,333/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,333/mo
$-361/mo
3.1%

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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506 Woolsey Drive | Property Details | No Agent List