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$925,000

5551 Ridgedale Ave, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,949 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$474.6 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-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, Microwave, Refrigerator
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size7,250 sqft

Building Information

Year Built1925
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000203902000000
Lot Number16
SubdivisionGreenland Hills 1st Section
Land UseResidential
Legal DescriptionGREENLAND HILLS 1ST SECTION BLK G/2175 LT 16 INT202400156159 DD07312024 CO-DC 2175 00G 01600 1002175 00G
Census Tract000300
Assessed Land Value$507,500
Assessed Improvement Value$392,470
Assessment Year2025

About this property

***MULTIPLE OFFERS - Best and Final due by Monday, July 15th at 3pm*** This darling M-Streets tudor sits on a picturesque block of the M-Streets and is teaming with charm. Previously taken to the studs in 2009 and tastefully updated since, the home offers a perfect blend of modern convenience and original charm. The open yet structured split-bedroom floorplan features a spacious kitchen with a wine fridge, 3 generous bedrooms, including a large primary suite with a custom Elfa closet system, and a detached 2-car garage. From the wraparound front patio to the oversized backyard deck with pergola, the home welcomes you in and is the perfect backdrop for those who love both indoor and outdoor entertaining. Zoned to highly-rated Mockingbird Elementary and walking distance to Lower Greenville, Knox-Henderson, and the Katy Trail, this gem offers something for buyers at every stage of life.

Investor Tools

Property Icon
$923,000
Estimated Property Value
$200,000Estimated Mortgage Balance
$729,566Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,550 /month
Positive
Cash Flow Estimate:
$1,850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,666/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,375
$899,970
2025
$507,500
$392,470
$899,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,375
$899,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Conventional
$200,000
No
First
Jul 31, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$193,434
$729,566
79%
21%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$1,200/mo
+$1,230/mo
3.2%

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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5551 Ridgedale Ave | Property Details | No Agent List