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$936,000

NAL Estimated Property Value

7041 Freemont St, Dallas, TX, 75231

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,481 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.69 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
FlooringWood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Lighting
Lot Size9,026 sqft

Building Information

Year Built1961
Roof Type105
Garage Spaces2

Land Information

APN00000398845000000
Lot Number19
SubdivisionMerriman Park
Land UseResidential
Legal DescriptionMERRIMAN PARK BLK P/5436 LT 19 INT202200152580 DD05312022 CO-DC 5436 00P 01900 3005436 00P
Census Tract007809
Assessed Land Value$285,000
Assessed Improvement Value$476,010
Assessment Year2025

About this property

Experience luxury Japanese-inspired resort living in the highly sought after Merriman Park neighborhood. Ideally located just minutes from White Rock Lake, the Dallas Arboretum, Downtown Dallas, NorthPark Center and the vibrant lower Greenville area, this one-of-a-kind home perfectly balances organic serenity with convenience. This stunning property showcases top-of-the-line updates and exceptional amenities throughout. The home features a rare Level 4 smooth-finish on all walls, providing a gallery-like backdrop for the open-concept layout. With nearly 3,100 sq. ft. of wide-plank flooring (no carpet) and designer large-format tiling in the 3 bathrooms, every inch of the 3-bedroom floor plan, 2 large living areas and a loft has been elevated for modern tastes. The spacious lower-level living area features a dramatic sliding glass door that opens to an entertainer’s dream backyard—complete with a custom fire pit and mini-golf green. The primary retreat offers a private serenity deck, while a charming kids’ play loft adds a unique, functional touch for families. Recent upgrades include a new roof, new AC system and more. Plumbing: Full replacement of legacy cast iron with modern PVC piping. Electrical: Updated service panel and integrated LED lighting throughout. Expansion: Re-engineered lower level includes a large living area and ensuite full bath. Don’t miss the opportunity to lease this dream home that perfectly blends luxury and style with the structural confidence of a modern build.

Investor Tools

Property Icon
$936,000
Estimated Property Value
$505,596Estimated Mortgage Balance
$279,946Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,616 /month
Positive
Cash Flow Estimate:
$1,872 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,561
$761,010
2025
$285,000
$476,010
$761,010
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,561
$761,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Copa Lending Llc
Commercial
$513,100
No
First
Aug 27, 2025
Aug 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$505,596
$434,404
46%
54%
$3,077/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,077/mo
$-1,105/mo
2.5%

City: Dallas

7041 Freemont St | Property Details | No Agent List