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$900,000

NAL Estimated Property Value

5506 Merrimac Ave, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,698 Sq Ft
price_per_sqft$515.31 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater
FlooringHardwood, Marble

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size7,620 sqft

Building Information

Year Built1929
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000205234000000
Lot Number2
SubdivisionGreenland Hills 60ft Sec
Land UseResidential
Legal DescriptionGREENLAND HILLS 60FT SEC BLK 5/2197 LT 2 INT202400130090 DD06182024 CO-DC 2197 005 00200 1002197 005
Census Tract000300
Assessed Land Value$533,400
Assessed Improvement Value$361,480
Assessment Year2025

About this property

Quintessential Greenland Hills Tudor set on one of the friendliest blocks in the M-streets!! Updated throughout with charming features left intact. Picturesque living space with original fireplace, stained glass windows, rich hardwoods and arched doorways that flow effortlessly into formal dining area. Chic upgraded eat-in kitchen characterized by leathered granite counters, custom backsplash, soft-close cabinets, gas range, wine fridge, and modern Kitchen Aid appliances. Primary bedroom with luxurious en-suite bath features dual sink arrangement, marble tile, expansive shower, generous storage, and walk-in closet with custom shelving. Two spacious secondary bedrooms, one currently used as flex space, share a timeless remodeled bath. Spacious backyard with board-on-board privacy fence, refinished deck and detached two car garage with 220V plug for vehicle charging. Zoned to Mockingbird Elementary!!

Investor Tools

Property Icon
$900,000
Estimated Property Value
$0Estimated Mortgage Balance
$900,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,400 /month
Positive
Cash Flow Estimate:
$1,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,396/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,256
$894,880
2025
$533,400
$361,480
$894,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,256
$894,880

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$900,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
N/A
+$1,930/mo
2.6%

City: Dallas

5506 Merrimac Ave | Property Details | No Agent List