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$806,000

NAL Estimated Property Value

7705 Lemmonwood Drive, Dallas, TX, 75231

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,498 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$382.31 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Microwave, Double Oven, Refrigerator, Vented Exhaust Fan
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Lot Size12,587 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000794096700000
Lot Number12
SubdivisionHighlands West
Land UseResidential
Legal DescriptionHIGHLANDS WEST BLK 7/8141 LOT 12 LEMMONWOOD DR & CORK LN INT202200215659 DD08052022 CO-DC 8141 007 01200 3008141 007
Census Tract007825
Assessed Land Value$450,000
Assessed Improvement Value$309,370
Assessment Year2025

About this property

Stunning home with incredible curb appeal situated on a large corner lot (.289 acre) in a highly desired pocket of Lake Highlands, zoned to Merriman Park Elementary. Thoughtfully designed with an exceptional flow and designer selected finishes throughout, this light filled 4 bedroom, 2.5 bath home blends beautiful entertaining spaces with comfortable everyday living. Every detail has been thoughtfully considered, creating a home that is both functional and inviting. As you enter the home, you are welcomed by a spacious dining room to the right that flows seamlessly into the large living room featuring custom built ins, a wood burning fireplace, abundant natural light, and a stylish bar area complete with excellent storage and quartzite countertops. Designed for hosting, the open layout flows effortlessly into the beautifully updated kitchen featuring quartzite countertops, custom cabinetry, designer finishes, and a walk in pantry with extensive storage. A charming built in breakfast nook with storage beneath the seating adds both character and functionality, while the fully updated powder bath just off the kitchen showcases designer wallpaper and elevated finishes. The bedroom wing of the home offers four spacious bedrooms with great storage and walk in closets throughout. Tucked privately at the back of the home, the oversized primary suite is a true retreat featuring a stunning fully renovated ensuite bathroom with dual sinks, quartzite countertops, vanity area, separate water closet, oversized shower with dual shower heads, and separate his and hers closets. Step outside to an incredible backyard oasis complete with a sparkling pool and hot tub, turfed play areas, well sized side yards, and multiple entertaining spaces. The spacious two car garage offers convenient alley access additional storage, and a workshop space. Situated on an oversized corner lot with seamless indoor outdoor flow, this move in ready home truly offers the best of Lake Highlands living.

Investor Tools

Property Icon
$806,000
Estimated Property Value
$598,883Estimated Mortgage Balance
$207,117Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,730 /month
Positive
Cash Flow Estimate:
$1,910 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$960/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,490
$759,370
2025
$450,000
$309,370
$759,370
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,490
$759,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Conventional
$645,000
No
First
Aug 5, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$598,883
$207,117
25%
74%
$3,868/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$3,868/mo
$-1,296/mo
3.8%

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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7705 Lemmonwood Drive | Property Details | No Agent List