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$676,360

7117 Walling Ln, Dallas, TX, 75231

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,908 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$311.84 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave, Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size11,240 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000398752000000
Lot Number13
SubdivisionMerriman Park
Land UseResidential
Legal DescriptionMERRIMAN PARK BLK N/5436 LT 13 INT202300055281 DD03212023 CO-DC 5436 00N 01300 3005436 00N
Census Tract007809
Assessed Land Value$285,000
Assessed Improvement Value$391,360
Assessment Year2025

About this property

The seller has requested highest & best offers to be submitted by 12:00 noon, Monday, February 27,2023. Welcome home to this thoughtfully updated & meticulously maintained Merriman Park home. Beautiful hdwd flrs greet you upon entry of this 3 BR 2.5 BA home. Nestled on a hill in this vibrant neighborhood, conveniently located near White Rock Lake, walking trails, & easy access to Central Expwy & the DART station. Great floor plan features formal living dining areas & opens to kitchen den area with builtins & WBFP. Kitchen features custom cabinetry, GE Cafe series appliances, microwave convection oven, dual fuel range, & quartz counters. Primary BR is light & bright with remodeled ensuite bath & walkin closet. Secondary bedrooms & share a vintage tile bath. Backyard is an entertaining oasis & features crushed granite patio areas, beautiful stone walkways & is landscaped with Texas native perennials that create an inviting environment for birds, butterflies, bees, & hummingbirds.

Investor Tools

Property Icon
$676,360
Estimated Property Value
$524,000Estimated Mortgage Balance
$174,632Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,058 /month
Positive
Cash Flow Estimate:
$1,353 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,229/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,368
$676,360
2025
$285,000
$391,360
$676,360
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,368
$676,360

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Conventional
$524,000
No
First
Mar 17, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$501,728
$174,632
25%
74%
$3,098/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,098/mo
$-1,126/mo
3.5%

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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7117 Walling Ln | Property Details | No Agent List