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$650,000

508 Faulk St, Dallas, TX, 75203

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,454 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$264.87 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Lighting, Private Yard
Lot Size7,235 sqft

Building Information

Year Built2021
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00000457843000000
SubdivisionPleasant View
Land UseResidential
Legal DescriptionPLEASANT VIEW BLK A/5905 LOT 4 INT202200208622 DD07272022 CO-DC 5905 00A 00400 2005905 00A
Census Tract021100
Assessment Year2025

About this property

Eye-catching design, exquisite craftsmanship, and epic views combine to make 508 Faulk St one of the most stunning homes in East Oak Cliff. Inside, 12' ceilings, nail down hardwoods, and massive windows provide an abundance of natural light that make the home feel fresh and light. The kitchen's waterfall quartz and striking chevron are a feast for the eyes. The primary suite features direct patio access, a large soaking tub, and rainfall shower. Upstairs, you'll find jack and jill bedrooms with walk-in closets, a game room with a wet bar and balcony access, and the second half bath. The wraparound balcony and extended back patio take full advantage of the home's hillside perch, where its treetop position creates a lush backdrop of greenery juxtaposed against breathtaking downtown and creek views. The home sits mere minutes from downtown, the Southern Gateway Deck Park, Bishop Arts, Deep Ellum, and the Dallas Zoo. Don't miss your chance to be the first to call this modern gem your home.

Investor Tools

Property Icon
$494,000
Estimated Property Value
$589,000Estimated Mortgage Balance
$0Estimated Equity
-19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,112/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,871
$486,410
2025
N/A
N/A
$486,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,871
$486,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$589,000
No
First
Jul 27, 2022
Aug 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$546,887
N/A
0%
111%
$3,532/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,532/mo
$-1,560/mo
4.8%

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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508 Faulk St | Property Details | No Agent List