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$699,500

5534 Merrimac Avenue, Dallas, TX, 75206

$835,263 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,435 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$287.27 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Vented Exhaust Fan, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,620 sqft

Building Information

Year Built1926
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000205255000000
SubdivisionGreenland Hills 60ft Sec
Land UseResidential
Legal DescriptionGREENLAND HILLS 60FT SEC BLK 5/2197 LOT 9 INT202000094246 DD04022020 CO-DC 2197 005 00900 1002197 005
Census Tract000300
Assessment Year2025

About this property

Fabulous opportunity to own this wonderfully updated, reimagined, and expanded Tudor home located in one of the most sought after areas of the M-Streets. An open floor plan with a cathedral ceiling, extensive mouldings, tray lighting, romantic fireplace, high-end finishes, and fixtures all come together to create a dramatic main living area. The one of a kind designer kitchen offers custom cabinetry with flush mount door and drawers, brilliant granite counter tops, and convenient breakfast bar. The master bedroom includes newly completed ensuite, and study. Additions to the home include oversized attached garage with what could be second master suite above it. Close proximity to Katy trail, Dart, and much more.

Investor Tools

Property Icon
$1,104,000
Estimated Property Value
$0Estimated Mortgage Balance
$509,669Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$835,263
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,624 /month
Positive
Cash Flow Estimate:
$2,208 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,750/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,474
$929,000
2025
N/A
N/A
$929,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,474
$929,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Iberiabank
Conventional
$674,500
No
First
Apr 7, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$594,331
$509,669
46%
54%
$4,044/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$4,044/mo
$-2,114/mo
2.1%

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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5534 Merrimac Avenue | Property Details | No Agent List