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$510,000

NAL Estimated Property Value

508 Hambrick Rd, Dallas, TX, 75218

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,296 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$397.3 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Double Oven
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,800 sqft

Building Information

Year Built1951
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000519799000000
Lot Number2
SubdivisionLake Highlands
Land UseResidential
Legal DescriptionLAKE HIGHLANDS ESTATES 5 BLK 16/6134 LOT 2 INT201900146140 DD05262019 CO-DC 6134 016 00200 3DA6134 016
Census Tract012900
Assessed Land Value$351,000
Assessed Improvement Value$115,720
Assessment Year2025

About this property

Extraordinary cottage in coveted Old Lake Highlands, just a mile from White Rock Lake, boasting updates galore and ready for the most discerning homebuyer! Meticulous, thoughtfully-conceived landscaping greets you on this quiet, established street, with a cozy front porch, gutters, decorative lighting and character galore. 1-car garage converted to storage room provides great utility. Fantastic living-dining-kitchen combo with great natural light and space, wainscotting and 3+ stool breakfast bar. Breathtaking kitchen with gorgeous Carrera marble countertops, striking tile backsplash, custom cabinetry, stainless appliances, 5-burner gas stove, built-in microwave, & more. Full bath with hexagonal tile matching the countertops, leading to large laundry room. Big central closet allows for terrific storage. Light & bright master bedroom with simply awesome closet boasting tons of built-ins, must be seen to believe! Well-proportioned second bedroom. Hall bath continues hexagonal tile motif, with walk-in shower. Other updates include updated windows, recently replaced roof, 13-inch R-38 insulation, newer condenser motor, AT&T fiber. Tranquil backyard with landscaping matching the front, 8' privacy fence, flagstone back patio, beautiful trees and more. A masterpiece beckoning for the landscaping enthusiast!

Investor Tools

Property Icon
$510,000
Estimated Property Value
$278,876Estimated Mortgage Balance
$231,124Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,089 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$828/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,386
$466,720
2025
$351,000
$115,720
$466,720
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,386
$466,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$312,000
No
First
Nov 3, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,876
$231,124
45%
55%
$1,871/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,650/mo
$1,871/mo
$-221/mo
3.9%

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 Hambrick Rd | Property Details | No Agent List