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Owner Contacts

$1,493,150

NAL Estimated Property Value

8502 Groveland Drive, Dallas, TX, 75218

Off Market

4 Beds

4 Bath

3,665 Sq Ft

$271.49 / sqft

Built in 2019

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Gas Cooktop

FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size11,390 sqft

Building Information

Year Built2018

Stories2

Roof Type105

Garage Spaces2

Land Information

APN00000372229000000

Lot Number8,8-9

SubdivisionForest Hills

Land UseResidential

Legal DescriptionFOREST HILLS ESTS BLK 1/5283 LT 8 & PT LT 9 ACS 0.291 INT201900320699 DD11222019 CO-DC 5283 001 00800 3DA5283 001

Census Tract008102

Assessed Land Value$450,000

Assessed Improvement Value$1,043,150

Assessment Year2025

About this property

Pre-sale special. Special offer ends in Nov. Exclusive 4 BD 3.5 Ba modern new construction across from Dallas Arboretum. Open floor plan - great for family and gathering. The double sliding door in the main level and windows through out the house provides great lighting and views. Kitchen equipped with Stainless steel appliances, large eat in island. Spacious master suite is on the first floor away from the rest of the rooms with dual sinks, separate shower, and walk-in closet. Card room with a build-in bar is also located on the 1st floor for easy guest access. 3 bedrooms, game room, and a media room are located on the 2nd floor. Near DTWN Dallas, ARBORETUM, Dining, Shopping, and Entertainment.

Investor Tools

$1,493,150

Estimated Property Value

$1,073,859Estimated Mortgage Balance

$419,291Estimated Equity

28% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$8,959 /month

Positive

Cash Flow Estimate:

$2,986 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,271/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$19,781

$1,493,150

2025

$450,000

$1,043,150

$1,493,150

Tax History

Year

Tax Paid

Assessed Value

2024

$19,781

$1,493,150

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

City Bank

Conventional

$814,500

First

Jan 7, 2021

Feb 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,073,859

$419,291

28%

72%

$7,103/mo

Learn About the Market: Opportunity in Dallas

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