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$986,000

NAL Estimated Property Value

6020 Meadowcreek Dr, Dallas, TX, 75248

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,779 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$264.62 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Double Oven, Vented Exhaust Fan, Warming Drawer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size26,118 sqft

Building Information

Year Built1972
Stories1
Roof Type105
Garage Spaces4

Land Information

APN00000796538400000
Lot Number10
SubdivisionPrestonwood
Land UseResidential
Legal DescriptionPRESTONWOOD ESTS BLK X/8188 LT 10 MEADOWCREEK DR VOL84090 PG4654 CO-DALLAS 8188X000 010 3008188X000
Census Tract013606
Assessed Land Value$360,000
Assessed Improvement Value$495,570
Assessment Year2025

About this property

Guest house! Discover this elegant residence in a great location near shopping (Tom Thumb, Trader Joe's, Addison, and more!) ideally situated on a sprawling 0.6-acre lot in the coveted North Dallas area. Lovingly known as a bird sanctuary by its current owners, this home boasts a large backyard that blends seamlessly with a creek and is graced by an abundance of mature trees. The inviting entrance is marked by a distinctive circle drive leading to a charming entrance with an inviting green door. Inside, you'll be welcomed by impressive elevated views of the great room, complete with soaring ceilings, painted wood beams, a wet bar, and expansive hardwood floors. The formal dining room shares the grandeur of the elevated entryway. The galley-style kitchen is expertly designed with a gas cooktop, double ovens, THOR convection microwave, warming drawer, elegant granite countertops, and white subway tile backsplash. Located on the first level, the primary suite offers dual vanities and dual closets, complemented by a guest suite and a beautifully updated guest bathroom. Upstairs, two additional bedrooms feature new carpet and share an updated guest bathroom. French doors from the breakfast room lead to the driveway with porte cochére to an oversized two-car garage with indoor-outdoor carpeting, providing flexibility for use as a workout room, hobbyist shop, home office, gameroom, etc. The guesthouse impresses with its tall ceilings, a stunning fireplace, kitchenette, and a private entrance, making it ideal for guests, multi-generational living, nanny suite, gameroom, etc. The 2-car oversized garage attached to the guest house has indoor-outdoor carpeting and a high-end window HVAC unit ensuring all year round comfort for the hobbyist. Main house has 4 bedrooms, 3 bathrooms, and the area is 3,263 sq.ft. Guest house with full central HVAC is 516 sq.ft. with one main room and a full bathroom. Window unit is for supplemental cooling in guest house.

Investor Tools

Property Icon
$986,000
Estimated Property Value
$772,534Estimated Mortgage Balance
$213,466Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,000 /month
Positive
Cash Flow Estimate:
$2,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,156/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,943
$855,570
2025
$360,000
$495,570
$855,570
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,943
$855,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Purchase Money Mortgage
$784,000
No
First
Jul 8, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$772,534
$213,466
21%
78%
$4,701/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,970/mo
$4,701/mo
$-1,731/mo
3.6%

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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6020 Meadowcreek Dr | Property Details | No Agent List