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$754,000

8647 Shagrock Ln, Dallas, TX, 75238

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,233 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$245.86 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Vented Exhaust Fan
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters, Storage
Lot Size8,994 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000738004000000
Lot Number4
SubdivisionLakeland Hills No 1
Land UseResidential
Legal DescriptionLAKELAND HILLS NO 1 BLK 5/7486 LOT 4 INT202500008273 DD01082025 CO-DC 7486 005 00400 3007486 005
Census Tract013007
Assessed Land Value$300,000
Assessed Improvement Value$272,370
Assessment Year2025

About this property

Welcome home to this incredibly well-maintained Highland Meadows 3 bedroom 2 bath home, nestled in the highly sought after Highland Meadow's neighborhood of East Dallas. This home has been thoroughly updated throughout including an all new kitchen with custom cabinetry, granite countertops & stainless appliances. Both bathrooms were fully gutted & renovated & primary bathroom features a walk-in shower & double vanities. Front living-dining area greet you upon entry & flows into the kitchen-breakfast area with barn doors that can provide privacy if desired. Open kitchen den space is light & bright & is adjacent to the sunroom & backyard deck area, perfect for entertaining. Upstairs is third spacious living area with vaulted ceilings, skylights & its own stone fireplace with gas logs. This lovely space also includes a wet bar with mini fridge & French doors that access the exterior balcony & staircase to the backyard below. Outside you will enjoy a fenced in backyard & spacious deck with hot-tub. There is a free-standing storage building as well. This location offers great access to East Dallas' most treasured landmarks, White Rock Lake & the Dallas Arboretum as well as many local trendy bars and restaurants.

Investor Tools

Property Icon
$754,000
Estimated Property Value
$608,000Estimated Mortgage Balance
$0Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,524 /month
Positive
Cash Flow Estimate:
$1,508 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$959/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,737
$572,370
2025
$300,000
$272,370
$572,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,737
$572,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pic Fund I Llc
Open End Mortgage / Open End With Future Advance Clause
$569,700
No
First
Jan 8, 2025
Nov 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,158,934
N/A
0%
154%
$7,062/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$7,062/mo
$-5,090/mo
3.1%

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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8647 Shagrock Ln | Property Details | No Agent List