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$592,000

833 Peavy Rd, Dallas, TX, 75218

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,642 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$322.17 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
FlooringCarpet, Hardwood, Tile

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size7,500 sqft

Building Information

Year Built1954
Stories1
Roof Type105

Land Information

APN00000518368000000
Lot Number5
SubdivisionLake Terrace
Land UseResidential
Legal DescriptionLAKE TERRACE BLK H/6133 LOT 5 INT202100321834 DD10252021 CO-DC 6133 00H 00500 3DA6133 00H
Census Tract012900
Assessed Land Value$300,000
Assessed Improvement Value$211,250
Assessment Year2025

About this property

Just steps from White Rock Lake, the Dallas Arboretum & neighborhood parks, this beautifully updated 1950s home combines timeless charm with modern features. The covered front entry welcomes you into a thoughtfully designed layout, perfect for both indoor & outdoor entertaining. Multiple living spaces & an expansive deck overlook a lush, private backyard. Natural light fills every corner of the home, creating a warm and inviting atmosphere. A cozy den located off the main living & dining areas features a brick fireplace, built-in bookshelves & a separate entrance to the front porch. It’s ideal as a den, or could be easily transformed into a home office or workout room—endless possibilities await! The bright kitchen boasts stainless steel appliances, a gas range, granite countertops, kitchen island & a breakfast bar. Both bathrooms have been fully remodeled, with a glass shower & beautiful tile work in the primary suite. The backyard deck is accessible from both the living room & third bedroom, with each bedroom offering peaceful green views. Located in the highly sought-after Lake Terrace neighborhood of East Dallas, this home is just steps from White Rock Lake and minutes from shopping & dining in Lakewood. Don’t miss out on this incredible opportunity!

Investor Tools

Property Icon
$592,000
Estimated Property Value
$378,575Estimated Mortgage Balance
$246,291Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,552 /month
Positive
Cash Flow Estimate:
$1,184 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$955/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,497
$511,250
2025
$300,000
$211,250
$511,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,497
$511,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Princeton Fcu
Conventional
$378,575
No
First
Oct 25, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$345,709
$246,291
41%
58%
$2,270/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,270/mo
$-190/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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833 Peavy Rd | Property Details | No Agent List