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$625,000

8631 Cherry Hill Dr, Dallas, TX, 75243

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,835 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$220.46 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Gas Water Heater, Microwave, Double Oven, Vented Exhaust Fan
FlooringCarpet, Hardwood, Marble, Stone

Exterior

Exterior FeaturesCovered Courtyard, Gas Grill, Rain Gutters, Private Yard
Lot Size6,635 sqft

Building Information

Year Built1993
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00752200160570000
Lot Number57
SubdivisionRoyal Lane Village
Land UseResidential
Legal DescriptionROYAL LANE VILLAGE BLK 16/7522 LOT 57 INT202400143068 DD07162024 CO-DC 7522 016 05700 3DA7522 016
Census Tract007805
Assessed Land Value$200,000
Assessed Improvement Value$635,860
Assessment Year2025

About this property

Offer Deadline 8AM Monday, May 1st. Welcome Home to this stunning three-bedroom, two-and-a-half bath patio home located in the prestigious Royal Lane Village, right across from the Royal Oaks Golf Club & just minutes from White Rock Lake. As you step inside, you'll immediately notice the grandeur with a beautiful spiral staircase, plantation shutters & not one but three living rooms, perfect for entertaining guests. Fresh paint throughout & tons of natural light invite you in while the two cozy fireplaces add warmth & ambiance to the home. The kitchen comes equipped with rich cabinets, granite countertops, double ovens & stainless steel appliances with stunning views of the covered flagstone courtyard. The private primary suite is located on the first floor & features a luxurious jet tub, separate shower & walk-in closet while the two additional bedrooms with Jack & Jill bath are upstairs. There is a large attic space for storage & HOA maintains your front yard!

Investor Tools

Property Icon
$835,860
Estimated Property Value
$850,000Estimated Mortgage Balance
$13,767Estimated Equity
-2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,015 /month
Positive
Cash Flow Estimate:
$1,672 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,652/month
$253/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,644
$835,860
2025
$200,000
$635,860
$835,860
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,644
$835,860

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Umb Bank Na
Conventional
$850,000
No
First
Jul 17, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$822,093
$13,767
1%
98%
$5,097/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$5,350/mo
$-3,378/mo
2.8%

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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8631 Cherry Hill Dr | Property Details | No Agent List