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$607,790

648 Northlake Dr, Dallas, TX, 75218

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,496 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$400.4 / sqft
Year BuiltBuilt in 1943

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator
FlooringWood

Exterior

Exterior FeaturesRain Gutters
Lot Size10,650 sqft

Building Information

Year Built1943
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000392935000000
Lot Number1
SubdivisionLake Highlands
Land UseResidential
Legal DescriptionLAKE HIGHLANDS ESTATES BLK 4/5401 LOT 1 NORTH LAKE DR AND NORTH CLIFF INT202500107941 DD05222025 CO-DC 5401 004 00100 3005401
Census Tract012900
Assessed Land Value$479,250
Assessed Improvement Value$128,540
Assessment Year2025

About this property

Beautifully updated pier & beam cottage situated on .245 of an acre lot in coveted Old Lake Highlands. This meticulously restored home features rich hardwood floors throughout, completely updated kitchen and bathrooms, recent windows and lush landscaping. Open floorplan with tons of windows create a light and bright environment to call home. Living room with WBFP (gas is off but can be easily re-connected) is open to the den area and updated kitchen with breakfast bar. Kitchen updates include custom cabinetry, Bosch stainless steel appliances and subway tile backsplash. Luxurious Primary Bedroom suite with spa like bathroom and separate soaking tub, oversized shower and walk-in closet. Nice sized secondary bedroom and 2nd bathroom has been completely remodeled as well. Wonderful backyard setting with oversized patio includes space for an outdoor living and dining area. Huge corner lot with majestic trees and walking distance to East Dallas' most trendy restaurants & coffee shops as well as White Rock Lake.

Investor Tools

Property Icon
$607,790
Estimated Property Value
$364,560Estimated Mortgage Balance
$249,650Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,647 /month
Positive
Cash Flow Estimate:
$1,216 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$979/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,706
$607,790
2025
$479,250
$128,540
$607,790
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,706
$607,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eudrup Inc
Conventional
$364,560
No
First
May 22, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$358,140
$249,650
41%
59%
$2,186/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,186/mo
$-106/mo
4.1%

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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648 Northlake Dr | Property Details | No Agent List