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$1,170,000

NAL Estimated Property Value

7142 Shook Ave, Dallas, TX, 75214

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,508 Sq Ft
price_per_sqft$418.26 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Living Area
Lot Size9,227 sqft

Building Information

Year Built1954
Stories2
Roof Type172

Land Information

APN00000228493000000
Lot Number15
SubdivisionLakeshore Hills Rev
Land UseResidential
Legal DescriptionLAKESHORE HILLS REV BLK 1/2748 LT 15 INT201600033334 DD02082016 CO-DC 2748 001 01500 1002748 001
Census Tract000100
Assessed Land Value$599,760
Assessed Improvement Value$345,620
Assessment Year2025

About this property

Tucked into the heart of Lakewood on an elevated homesite, this distinctive mid-century modern residence blends timeless architecture with a warm, inviting atmosphere. Surrounded by mature trees and thoughtfully positioned to capture natural light and beautiful views, this home offers a rare opportunity to enjoy classic design in one of East Dallas’ most sought-after neighborhoods. Just moments from White Rock Lake, enjoy easy access to scenic trails, outdoor recreation, and all of the charm that makes Lakewood such a desirable place to call home. Inside, expansive windows and an open, flowing floor plan create bright, comfortable living spaces designed for both everyday living and entertaining. Rich hardwood flooring and architectural details add character throughout, while the spacious layout offers a seamless connection between living, dining, and gathering areas. The kitchen was renovated in 2022 and is designed with functionality and style in mind, offering generous workspace and storage for effortless daily living.The private primary retreat provides a peaceful escape, while additional bedrooms and flexible living spaces offer versatility for guests, a home office, or hobbies. Every room feels connected to the surrounding landscape, bringing the outdoors in and enhancing the home's relaxed, welcoming feel. Step outside to your own backyard retreat where a sparkling pool and beautifully landscaped setting create the perfect environment for entertaining, relaxing, or enjoying quiet evenings under the trees. Whether hosting friends or enjoying a peaceful morning coffee, the outdoor spaces feel like a true extension of the home. Zoned to highly sought-after Lakewood Elementary, this exceptional property delivers the best of East Dallas living with timeless mid-century character, inviting indoor and outdoor spaces, and a premier Lakewood location near White Rock Lake.

Investor Tools

Property Icon
$1,170,000
Estimated Property Value
$396,579Estimated Mortgage Balance
$774,204Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,020 /month
Positive
Cash Flow Estimate:
$2,340 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,678/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,286
$945,380
2025
$599,760
$345,620
$945,380
No

Tax History

Year
Tax Paid
Assessed Value
2025
$14,286
$945,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Conventional
$441,045
No
First
Mar 23, 2021
Aug 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$396,579
$656,421
62%
34%
$2,645/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,210/mo
$2,645/mo
$-435/mo
2.3%

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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7142 Shook Ave | Property Details | No Agent List