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$1,919,000

7032 Westlake Ave, Dallas, TX, 75214

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,206 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$466.31 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Gas Water Heater, Double Oven
FlooringCarpet, Ceramic Tile, Marble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Private Yard
Lot Size8,233 sqft

Building Information

Year Built1945
Stories2
Roof Type105
Garage Spaces1

Land Information

APN00000232780000000
SubdivisionMonticello
Land UseResidential
Legal DescriptionMONTICELLO BLK F/2834 TR 19 ACS 0.189 INT202300082928 DD04262023 CO-DC 2834 00F 01900 1002834 00F
Census Tract008000
Assessed Land Value$576,310
Assessed Improvement Value$987,340
Assessment Year2025

About this property

Completely updated and expanded home in the heart of Lakewood. Expanded in 2018 including a new roof and reconfigured to open the floor plan but keeping with the scale and architecture of the original home from 1945. The kitchen, primary bath and powder bath have been updated, new front windows, a heated salt water pool, backyard turf, misting system, landscape lighting and landscaping are just a few of the updates since 2020. The first floor includes the formal living, dining, family room, eat in kitchen, powder bath with laundry, primary bedroom and one secondary bedroom both with ensuite baths. French doors lead to the covered patio with outdoor living and look to the stunning pool. Upstairs offers two secondary bedrooms with walk in closets and a hall bathroom. In addition, there is a game room and separate media room that could be converted to a bedroom. The two car detached garage has two garage doors, one off the driveway and one on the alley side.

Investor Tools

Property Icon
$1,919,000
Estimated Property Value
$726,200Estimated Mortgage Balance
$1,233,929Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,514 /month
Positive
Cash Flow Estimate:
$3,838 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,176/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$28,521
$1,563,650
2025
$576,310
$987,340
$1,563,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$28,521
$1,563,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ntfn Inc
Stand Alone First / Home Equity First Lien
$726,200
No
First
Apr 26, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$685,071
$1,233,929
64%
36%
$4,354/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$4,354/mo
$-1,474/mo
1.8%

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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7032 Westlake Ave | Property Details | No Agent List