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$10,500

5509 Richard Ave, Dallas, TX, 75206

PendingInfo
Beds4 Beds
Baths3 Bath
Baths4,346 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.42 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Convection Oven, Double Oven, Vented Exhaust Fan, Wine Cooler
FlooringCeramic Tile, Hardwood, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Rain Gutters, Lighting, Outdoor Grill, Private Yard
Lot Size7,800 sqft

Building Information

Year Built2020
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00000186739000000
Lot Number24
SubdivisionVickery Place
Land UseResidential
Legal DescriptionVICKERY PLACE BLK 19/1932 LOT 24 INT202100094897 DD03262021 CO-DC 1932 019 02400 1001932 019
Census Tract001001
Assessed Land Value$468,000
Assessed Improvement Value$1,048,500
Assessment Year2025

About this property

A statement of luxury living, this custom built Prairie style home showcases impeccable bespoke touches, timeless sophistication & an unrivaled Vickery Place location, creating one of the area's most extraordinary lease opportunities in Dallas. Move in ready & just moments from the vibrant restaurants, boutiques & entertainment of Lower Greenville + Henderson Avenue. A welcoming Texas-sized front porch and established native landscaping sets the tone before stepping inside to an impressive open-concept floor plan highlighted by rich HW flooring, elegant architectural details & refined finishes. Grand foyer is flanked by a private executive study and an elegant formal dining room, while a striking butler's pantry with a built-in beverage center and glass-front cabinetry seamlessly connects to the heart of the home. The stunning chef's kitchen boasts a dramatic waterfall island, Thermador appliances including a built-in refrigerator, gas cooktop and dishwasher, abundant cabinetry, under-cabinet lighting, and an inviting breakfast nook accented with useful storage. The spacious living room is anchored by a floor to ceiling tiled fireplace framed with floating shelves, creating a warm yet refined gathering space. Luxurious primary retreat offers the perfect escape, complete with a spa-inspired ensuite with dual walk-in closets, dual sinks, a relaxing soaking tub, and an oversized walk-in double shower. Upstairs, an expansive game room with a wet bar opens to a spectacular private balcony, providing the perfect space to unwind or entertain. Generously sized secondary bedrooms, each with a private bath, and a well-appointed utility room with custom cabinetry complete the thoughtfully designed interior. Additional half bath and walk in storage room. The backyard, a true oasis, allows year-round outdoor living featuring a fireplace, sparkling pool, hot tub, and kitchen with a built-in grill. This remarkable home is truly an unforgettable place to call home.

Investor Tools

$260,247Estimated Mortgage Balance
$1,256,770Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,099 /month
Positive
Cash Flow Estimate:
$3,033 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,893/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$27,130
$1,516,500
2025
$468,000
$1,048,500
$1,516,500
No

Tax History

Year
Tax Paid
Assessed Value
2025
$27,130
$1,516,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$290,000
No
First
Mar 26, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$260,247
$1,256,253
82%
17%
$1,739/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$1,739/mo
+$691/mo
1.9%

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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5509 Richard Ave | Property Details | No Agent List