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NoAgentList RatingHow are grades calculated?Info

$967,000

NAL Estimated Property Value

5223 Merrimac Ave, Dallas, TX, 75206

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,018 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$359.27 / sqft
Year BuiltBuilt in 1928

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Plumbed For Ice Maker
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size7,800 sqft

Building Information

Year Built1928
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000239626000000
Lot Number17
SubdivisionGreenland Hills 60'sec 2
Land UseResidential
Legal DescriptionGREENLAND HILLS 60'SEC 2 BLK 19/2930 LOT 17 INT202100065379 DD03052021 CO-DC 2930 019 01700 1002930 019
Census Tract000300
Assessed Land Value$390,000
Assessed Improvement Value$453,000
Assessment Year2025

About this property

A rare gem! Greenland Hills home at its finest on a quiet street. Step inside to discover the elegant spacious formal living room with hardwoods, beamed 10 foot ceilings, original fireplace mantel and stained glass windows. Exuding charm at every turn the kitchen has all the sleek, modern updates but has retained the character of the home. Viking appliances include a built in refrigerator and gas top range. A large den with a walls of windows overlooks the serene pool with beautiful landscaping updated last year. Oversized bedrooms with built ins and hard woods through out. Safe and walkable neighborhood to many restaurants and shops.

Investor Tools

Property Icon
$967,000
Estimated Property Value
$493,271Estimated Mortgage Balance
$473,729Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,802 /month
Positive
Cash Flow Estimate:
$1,934 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,646/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,916
$843,000
2025
$390,000
$453,000
$843,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,916
$843,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bokf Na
Conventional
$547,500
No
First
Mar 5, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$493,271
$473,729
48%
51%
$3,283/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$3,283/mo
$-1,353/mo
2.4%

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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5223 Merrimac Ave | Property Details | No Agent List