1view

$869,900

5301 Merrimac Avenue, Dallas, TX, 75206

Off Market

4 Beds

3 Bath

2,939 Sq Ft

Single Family Residence

$295.99 / sqft

Built in 1999

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesConvection Oven, Dishwasher, Disposal, Double Oven, Gas Cooktop, Microwave, Vented Exhaust Fan, Gas Water Heater

FlooringCarpet, Ceramic Tile, Marble, Slate, Wood

Exterior

Private Pool

Exterior FeaturesRain Gutters

Lot Size7,410 sqft

Building Information

Year Built1999

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000207439000000

Lot Number24

SubdivisionGreenland Hills 60 Ft Sec

Land UseResidential

Legal DescriptionGREENLAND HILLS 60 FT SEC BLK 14/2238 LT 24 MERRIMAC & LANERI INT202100134318 DD04302021 CO-DC 2238 014 02400 1002238 014

Census Tract000300

Assessed Land Value$370,500

Assessed Improvement Value$750,240

Assessment Year2025

About this property

Greenland Hills M Street's Custom brick-stone Tudor style home with hardwood floors, custom paint, gourmet kitchen, custom cabinets & open family room all overlooking gorgeous pool and patio! Entertain your guests at the open patios, surround sound system, built-in grill and refreshing Pebble Tech pool & spa with water features. Spacious master with sitting area, large ensuite shower, tub, dual vanities, cabinetry and walk-in closet. Storage closets and an adorable under-the-stair closet-hand painted garden & animal mural - perfect for a child play area! Mature Landscaping, Electric Iron rear entry gate and a 2 Car Garage! Fabulous Location, Minutes to Katy & White Rock Lake Trails & parks & ready for move-in!

Investor Tools

$1,241,000

Estimated Property Value

$0Estimated Mortgage Balance

$437,582Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$7,446 /month

Positive

Cash Flow Estimate:

$2,482 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,194/month

$25/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$20,121

$1,120,740

2025

$370,500

$750,240

$1,120,740

Tax History

Year

Tax Paid

Assessed Value

2024

$20,121

$1,120,740

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cadence Bank Na

Conventional

$890,000

First

Apr 30, 2021

Jun 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$803,418

$437,582

35%

65%

$5,336/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,170/mo

$5,361/mo

$-2,191/mo

3.1%

Learn About the Market: Opportunity in Dallas

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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.

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