A

NoAgentList RatingHow are grades calculated?

1view

$551,000

546 Edgelake Dr, Dallas, TX, 75218

Off Market

3 Beds

1 Bath

1,644 Sq Ft

Single Family Residence

$240.27 / sqft

Built in 1951

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesNone

FlooringHardwood

Exterior

Lot Size10,360 sqft

Building Information

Year Built1951

Stories1

Roof Type105

Garage Spaces4

Land Information

APN00000392791000000

Lot Number9

SubdivisionLake Highlands

Land UseResidential

Legal DescriptionLAKE HIGHLANDS ESTATES BLK 2/5401 LT 9 VOL98242/1365 DD103098 CO-DALLAS 5401 002 009 3005401 002

Census Tract012900

Assessed Land Value$442,890

Assessed Improvement Value$21,110

Assessment Year2025

About this property

***ATTENTION INVESTORS-BUILDERS***Rare opportunity for someone with a vision to make this property a magnificent homeplace. Almost a quarter acre lot perfect for a new home to be built with possible views of the lake. VALUE IS IN THE LAND...no value placed on the house. Very unusual setting, will need clearing and the house torn down, but possibilities are endless plus you can't beat the location! NO PARKING in front of this property, so talk with the listing agent for instructions before you plan your visit.

Investor Tools

$551,000

Estimated Property Value

$0Estimated Mortgage Balance

$551,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,306 /month

Positive

Cash Flow Estimate:

$1,102 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$722/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,904

$464,000

2025

$442,890

$21,110

$464,000

No

Tax History

Year

Tax Paid

Assessed Value

2024

$5,904

$464,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$551,000

100%

0%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,080/mo

N/A

+$2,080/mo

4.5%

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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