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$860,750

8648 Cherry Hill Drive, Dallas, TX, 75243

PendingInfo
Beds3 Beds
Baths3 Bath
Baths3,130 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$275 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave, Double Oven, Vented Exhaust Fan, Other
FlooringTile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size10,272 sqft

Building Information

Year Built1994
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00752200160520000
Lot Number52
SubdivisionRoyal Lane Village
Land UseResidential
Legal DescriptionROYAL LANE VILLAGE BLK 16/7522 LOT 52 INT202200271670 DD10142022 CO-DC 7522 016 05200 3DA7522 016
Census Tract007805
Assessed Land Value$250,000
Assessed Improvement Value$466,050
Assessment Year2025

About this property

Nestled on an oversized zero-lot-line homesite in the prestigious Royal Lane Village community, this beautifully maintained custom home offers an exceptional blend of elegance, comfort, and low-maintenance living. Ideally located just north of Royal Oaks Country Club and minutes from premier shopping, dining, medical facilities, and the White Rock Creek Trail, the home combines convenience with a coveted Lake Highlands lifestyle and highly regarded RISD schools. Designed for both everyday living and entertaining, the open floorplan features soaring ceilings, rich hardwood flooring, plantation shutters, abundant natural light, and timeless custom details throughout. The formal living and dining areas with fireplace flow seamlessly into the spacious kitchen, breakfast area, family room, and private study with built-in bookshelves. Walls of windows create a bright, inviting atmosphere while showcasing the home's thoughtfully designed spaces. The private first-floor primary suite offers a peaceful retreat with a spa-inspired bath featuring a jetted tub, separate shower, generous walk-in closets, and abundant storage. Upstairs, two secondary bedrooms share a Hollywood bath and are complemented by a versatile third living area ideal for a media room, game room, fitness space, or hobby room. Additional highlights include a dramatic spiral staircase, three HVAC systems, two water heaters with recirculating pumps, multiple attic storage areas including walk-in attic access,and a rear-entry two-car garage. Situated on a quiet cul-de-sac, this exceptional home offers true lock-and-leave convenience, with the HOA maintaining the exterior for effortless living.

Investor Tools

$503,195Estimated Mortgage Balance
$353,805Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,165 /month
Positive
Cash Flow Estimate:
$1,722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$946/month
$378/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,062
$716,050
2025
$250,000
$466,050
$716,050
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,062
$716,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Conventional
$540,000
No
First
Oct 14, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$503,195
$353,805
41%
59%
$3,238/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,616/mo
$-1,644/mo
2.8%

Learn About the Market: Opportunity in Dallas

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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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8648 Cherry Hill Drive | Property Details | No Agent List