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$1,649,000

6506 Mercedes Ave, Dallas, TX, 75214

PendingInfo
Beds5 Beds
Baths4 Bath
Baths3,340 Sq Ft
price_per_sqft$493.71 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Disposal, Gas Range, Microwave, Double Oven
FlooringTile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting

Building Information

Garage Spaces2

About this property

Nestled beneath a canopy of mature trees in the heart of coveted Lakewood, this beautifully updated home seamlessly blends timeless charm with modern comfort. Offering 5 bedrooms, 3 full baths, a powder bath, and a dedicated home office, the thoughtfully designed floor plan provides exceptional flexibility for today's lifestyle. Step inside to rich hardwood floors, designer lighting, and expansive open living spaces ideal for both everyday living and entertaining. The heart of the home is the beautifully appointed kitchen, complete with custom cabinetry, a large center island, stylish tile backsplash, abundant storage, and an effortless connection to the spacious living and dining areas. Anchored by a cozy fireplace and custom built-ins, the inviting family room creates the perfect gathering space. The private primary suite offers a peaceful retreat with a beautifully renovated spa-inspired bath featuring a freestanding soaking tub, oversized walk-in shower, double vanity, and generous storage. Four additional bedrooms and beautifully updated baths provide ample space for family and guests, while the dedicated office offers the ideal work-from-home setup. Outside, enjoy a private backyard designed for relaxing and entertaining with a covered patio, expansive lawn, and an incredible custom treehouse sure to delight children and guests alike. Every detail has been thoughtfully updated while preserving the home's classic character and warmth. Located just minutes from White Rock Lake, Lakewood Elementary, neighborhood parks, shopping, and dining, this exceptional property offers the rare opportunity to enjoy one of East Dallas' most desirable lifestyles. Combining timeless architecture, designer finishes, generous living spaces, and an unbeatable location, this is a home you'll love for years to come.

Investor Tools

$0Estimated Mortgage Balance
$689,357Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,894 /month
Positive
Cash Flow Estimate:
$3,298 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,216/month
No HOA
5.947%

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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