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$850,000

7208 Fernmeadow Drive, Dallas, TX, 75248

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,034 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$280.16 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Microwave, Double Oven, Washer
FlooringStone

Exterior

Lot Size14,000 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000796472500000
Lot Number1
SubdivisionPrestonwood
Land UseResidential
Legal DescriptionPRESTONWOOD ESTS BLK A/8188 LOT 1 FERNMEADOW DR & TANGLEGLEN DR INT202000180574 DD06292020 CO-DC 8188 000 00100 3008188 000
Census Tract013607
Assessed Land Value$200,000
Assessed Improvement Value$573,040
Assessment Year2025

About this property

Discover refined living in one of Far North Dallas’ most sought-after neighborhoods. This beautifully updated home blends modern comfort with timeless character, offering generous living spaces, designer finishes, and an ideal location within highly acclaimed Richardson ISD. Thoughtfully maintained and move-in ready, the home features an open, light-filled layout with hardwood floors, updated lighting, and expansive windows overlooking a private backyard retreat. The gourmet kitchen includes stainless steel appliances, abundant storage, and a large prep island perfect for gatherings. The spacious primary suite offers a serene escape with a spa-inspired bath, dual vanities, and a walk-in closet. Multiple living areas provide flexibility for work, entertaining, or relaxation. Step outside to a beautifully landscaped yard with mature trees, a covered patio, and plenty of room for outdoor dining or play. Located minutes from Preston, the Tollway, and top corporate campuses, this home delivers unmatched convenience with the charm of an established neighborhood. Pre-inspected, well-maintained, and ready for a quick close — a rare opportunity in this coveted pocket of Dallas.

Investor Tools

$565,793Estimated Mortgage Balance
$276,207Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,100 /month
Positive
Cash Flow Estimate:
$1,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,145/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,531
$773,040
2025
$200,000
$573,040
$773,040
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,531
$773,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ahl Funding
Conventional
$585,000
No
First
Aug 22, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$565,793
$276,207
32%
67%
$3,508/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,970/mo
$3,508/mo
$-538/mo
4.2%

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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7208 Fernmeadow Drive | Property Details | No Agent List