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$799,000

6025 Mercedes Ave, Dallas, TX, 75206

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,148 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$371.97 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator
FlooringCeramic Tile, Hardwood, Slate

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size8,260 sqft

Building Information

Year Built1948
Stories1
Roof Type104
Garage Spaces2

Land Information

APN00000234484000000
Lot Number6-7,7
SubdivisionGreenville
Land UseResidential
Legal DescriptionGREENVILLE CREST 2 BLK G/2860 LT 7 & PT LT 6 INT202300037825 DD02272023 CO-DC 2860 00G 00700 1002860 00G
Census Tract000202
Assessed Land Value$413,000
Assessed Improvement Value$347,000
Assessment Year2025

About this property

Clifford D. Hutsell designed & built 50 houses in the Lakewood area between 1926 & 1941. As an architect, he designed fanciful & eclectic residences-most of them in a highly-personalized Spanish eclectic style, which over time would come to establish the cognitive image of both the street & the surrounding neighborhood. Complete with 3 bedrooms, 2 full baths, center stair design, expansive living room with barreled ceiling, awesome stained & leaded glass windows, Batchelder tile fireplace, elaborate arched gate between formals, Potter's Ironworks front porch lights & railing & inviting 2nd floor veranda. Additional amenities include all windows replaced (except stained glass windows) & 2 car detached garage with bonus room above. Don't miss the opportunity to own a piece of Dallas's unique architectural history in this incredible urban neighborhood with great schools, Lower Greenville & Lakewood shopping & restaurants, plus just minutes to downtown Dallas & White Rock lake.

Investor Tools

Property Icon
$854,000
Estimated Property Value
$719,100Estimated Mortgage Balance
$177,975Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,124 /month
Positive
Cash Flow Estimate:
$1,708 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,022
$760,000
2025
$413,000
$347,000
$760,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,022
$760,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Conventional
$719,100
No
First
Feb 27, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$676,025
$177,975
20%
79%
$4,312/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,430/mo
$4,312/mo
$-1,882/mo
3.4%

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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6025 Mercedes Ave | Property Details | No Agent List