B+

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Owner Contacts

$3,012,000

NAL Estimated Property Value

7214 Colgate Ave, Dallas, TX, 75225

Off Market

4 Beds

6 Bath

4,961 Sq Ft

Single Family Residence

$478.73 / sqft

Built in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Gas Cooktop, Microwave

FlooringCarpet, Hardwood

Exterior

Private Pool

Exterior FeaturesBalcony, Rain Gutters

Lot Size9,440 sqft

Building Information

Year Built2006

Stories2

Roof Type105

Garage Spaces2

Land Information

APN00000402991000000

Lot Number22A

SubdivisionCaruth Hills 7

Land UseResidential

Legal DescriptionCARUTH HILLS 7 BLK 36/5451 LOT 22A INT202200186276 DD07012022 CO-DC 5451 036 22A00 1005451 036

Census Tract007906

Assessed Land Value$1,180,000

Assessed Improvement Value$1,412,110

Assessment Year2025

About this property

Beautiful home in HPISD and coveted Boone Elementary! Gracious walkup welcomes you into the high ceiling entry. Large formals flank the entry, and both lead to the open kitchen and family room. Terrific flow for entertaining, and daily living both! Spacious family room overlooks covered outdoor living with fireplace, turfed backyard, and a peaceful pool and hot tub. Off the kitchen you’ll find a paneled study, perfect for working from home, and an attached 2 car garage. Upstairs provides the primary suite with a spa like bath, and 3 additional bedrooms, each with en suite baths. A large playroom completes the 2nd floor. This house is perfect for life in Highland Park ISD, and walk to Boone!

Investor Tools

$3,012,000

Estimated Property Value

$2,184,069Estimated Mortgage Balance

$827,931Estimated Equity

27% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$18,072 /month

Positive

Cash Flow Estimate:

$6,024 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$4,820/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$42,778

$2,592,110

2025

$1,180,000

$1,412,110

$2,592,110

Tax History

Year

Tax Paid

Assessed Value

2024

$42,778

$2,592,110

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

W M Templeton

Stand Alone Second / Subordinate Position

$2,352,256

First

Jul 1, 2022

Jun 2027

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$2,184,069

$827,931

27%

73%

$14,103/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,860/mo

$14,103/mo

$-10,243/mo

1.5%

Learn About the Market: Opportunity in Dallas

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