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$1,450,000

6241 Prospect Ave, Dallas, TX, 75214

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,804 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$381.18 / sqft
Year BuiltBuilt in 1928

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator
FlooringWood

Exterior

Exterior FeaturesRain Gutters, Garden
Lot Size14,385 sqft

Building Information

Year Built1928
Stories2
Roof Type110
Garage Spaces2

Land Information

APN00000200089000000
Lot Number1-2
SubdivisionEdgemont Park
Land UseResidential
Legal DescriptionEDGEMONT PARK BLK 5/2099 PT LTS 1 & 2 ACS 0.3302 INT202400122474 DD06172024 CO-DC 2099 005 00100 1002099 005
Census Tract001102
Assessed Land Value$776,790
Assessed Improvement Value$623,210
Assessment Year2025

About this property

Built in 1928, this architectural gem seamlessly blends historic charm with modern amenities. Sitting on over 13,800 square foot lot, the main house features 4 bedrooms ,including dual master bedrooms, offering flexibility and convenience, with one master suite upstairs and another downstairs. Each bedroom boasts its own en-suite bathroom, providing privacy and comfort for all residents. The spacious living area is highlighted by a stunning Batchelder fireplace, perfect for cozy evenings. The sunny kitchen features modern appliances and custom cabinetry, ideal for the home chef. Outside, the property is a true oasis, with lush landscaping and a detached guest house, perfect for hosting visitors or as a rental opportunity. The 3-car garage provides plenty of parking and storage space. Located within walking distance to Lakewood Town Center, you can enjoy easy access to shopping, dining, and entertainment options. Don't miss this rare opportunity to own a piece of history

Investor Tools

Property Icon
$1,400,000
Estimated Property Value
$1,120,000Estimated Mortgage Balance
$320,250Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,700 /month
Positive
Cash Flow Estimate:
$2,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,996/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,947
$1,400,000
2025
$776,790
$623,210
$1,400,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,947
$1,400,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Conventional
$1,120,000
No
First
May 20, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,079,750
$320,250
22%
77%
$6,715/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$6,715/mo
$-3,835/mo
2.5%

Learn About the Market: Opportunity in Dallas

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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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6241 Prospect Ave | Property Details | No Agent List