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$424,000

NAL Estimated Property Value

8535 Strathmore Dr, Dallas, TX, 75238

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,559 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$274.47 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Microwave
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Other
Lot Size8,105 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000764023000000
Lot Number20
SubdivisionBarkley Square
Land UseResidential
Legal DescriptionBARKLEY SQUARE BLK 12/7689 LT 20 INT201900131025 DD05212019 CO-DC 7689 012 02000 3007689 012
Census Tract013007
Assessed Land Value$85,000
Assessed Improvement Value$287,170
Assessment Year2025

About this property

OPEN HOUSE CANCELED FOR SUNDAY - 3.22.26 - Located in Lake Highlands just minutes from White Rock Lake, this charming home offers a true 3-bedroom, 2-bath main residence plus a fully finished detached ADU — perfect for a private home office, guest quarters, epic kids’ playroom, creative studio, or potential 4th bedroom setup. The home offers 1,559 SF of light-filled living space with thoughtfully updated finishes throughout. Fresh interior and exterior paint, along with beautifully refinished hardwood floors, create a crisp, move-in-ready feel. The kitchen features granite countertops and stainless steel appliances, while double-pane windows enhance comfort and efficiency. Wood-look ceramic tile flooring, a full sprinkler system, and an updated roof complete the package. Curb appeal shines with a well-manicured yard and mature trees, setting a welcoming tone from the moment you arrive. In addition, the property includes a fully finished detached guest quarters adding approximately 318 SF of living space. The space features a kitchenette, full bathroom, and a spacious 20x17 upstairs room filled with character and ready for your vision. The exterior climbing wall and backyard firepit create a fun and functional extension of the home, delivering true outdoor living and incredible flexibility for a variety of living arrangements, home office use, creative space, or even a small home business. Alley access offers future potential for rear garage construction if desired. A thoughtfully updated home with versatile bonus space in one of Lake Highlands’ most desirable pockets.

Investor Tools

Property Icon
$424,000
Estimated Property Value
$0Estimated Mortgage Balance
$424,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,567 /month
Positive
Cash Flow Estimate:
$856 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$640/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,559
$372,170
2025
$85,000
$287,170
$372,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,559
$372,170

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$424,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
N/A
+$2,572/mo
7.3%

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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8535 Strathmore Dr | Property Details | No Agent List