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$965,000

5451 Merrimac Avenue, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,976 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$488.36 / sqft
Year BuiltBuilt in 1927

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Electric Oven, Gas Water Heater, Microwave, Tankless Water Heater
FlooringCeramic Tile, Tile, Wood

Exterior

Lot Size7,150 sqft

Building Information

Year Built1927
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000205681000000
Lot Number14
SubdivisionGreenland Hills 60 Ft Sec
Land UseResidential
Legal DescriptionGREENLAND HILLS 60 FT SEC BLK 11/2203 LT 14 INT202400036212 DD02202024 CO-DC 2203 011 01400 1002203 011
Census Tract000300
Assessed Land Value$450,450
Assessed Improvement Value$435,300
Assessment Year2025

About this property

Charming Tudor-style home located in prestigious Historic Greenland Hills, where timeless architecture and thoughtful modern updates come together in one of Dallas’ most beloved neighborhoods. Beautiful refinished hardwood floors, classic archways, crystal door knobs, and abundant natural light preserve the character of the home, while extensive renovations add comfort, style, and functionality throughout. The inviting living room centers around a decorative gas fireplace and flows seamlessly into the dining area, creating the perfect setting for entertaining or everyday living. A beautifully remodeled kitchen features custom cabinetry, granite countertops, stainless KitchenAid appliances including a gas range and built-in refrigerator, plus smart storage solutions throughout. The attached mudroom and office addition adds flexibility and convenience rarely found in homes of this era. Offering 3 bedrooms, 2 full baths, and 1 half bath, the home blends historic charm with elevated finishes. One secondary bedroom functions beautifully as a home office with French doors and a walk-in closet. The spacious primary suite features an updated bath with a clawfoot soaking tub, separate shower, generous storage, and a large walk-in closet. Outside, the property offers the rare advantage of both a front yard and side yard, with refreshed landscaping, added flower beds, star jasmine vines, rock-lined fencing, and a leveled turfed side yard designed for low-maintenance outdoor living. Recent improvements throughout the home include refinished and restained hardwoods, smooth Level 5 walls with added insulation, updated designer lighting from Crate & Barrel, refreshed paint, updated trim work, new plumbing beneath the home, insulated garage walls, a fully loaded Ring security system, and the latest Nest thermostat. A rare opportunity to own a move-in ready Tudor in the heart of Greenland Hills with the perfect balance of historic charm and modern living.

Investor Tools

Property Icon
$965,000
Estimated Property Value
$0Estimated Mortgage Balance
$274,276Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,790 /month
Positive
Cash Flow Estimate:
$1,930 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,674/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,267
$885,750
2025
$450,450
$435,300
$885,750
No

Tax History

Year
Tax Paid
Assessed Value
2025
$15,267
$885,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$697,832
No
First
Nov 12, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$690,724
$274,276
28%
72%
$4,184/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$4,184/mo
$-1,754/mo
3.0%

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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5451 Merrimac Avenue | Property Details | No Agent List