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$818,000

NAL Estimated Property Value

8814 Groveland Dr, Dallas, TX, 75218

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,607 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$325.66 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Washer, Wine Cooler
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesFire Pit, Lighting
Lot Size7,770 sqft

Building Information

Year Built1947
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000370258000000
Lot Number15
SubdivisionLakeland Terrace
Land UseResidential
Legal DescriptionLAKELAND TERRACE BLK 18/5245 LT 15 GROVELAND DR & TAVAROS INT202100103435 DD04082021 CO-DC 5245 018 01500 3005245 018
Census Tract008102
Assessed Land Value$350,000
Assessed Improvement Value$340,000
Assessment Year2025

About this property

Extensively renovated from the ground up, this stunning 4-bedroom, 3.5-bath home blends the charm of Little Forest Hills with the style and function of modern construction. Taken down to the studs and fully rebuilt in 2020, the entire home has been thoughtfully updated with all-new electrical, plumbing, HVAC, insulation, drywall, flooring, cabinetry, and finishes throughout. A new roof was added in 2023, further enhancing the home’s value and longevity. Enjoy an open-concept floor plan filled with natural light, vaulted ceilings, and decorative lighting, offering two spacious living areas and a kitchen designed for entertaining — complete with a waterfall island topped with quartz countertops, soft-close cabinetry, a built-in bottle washer, dry bar with wine cooler, and a walk-in pantry providing ample storage. The oversized primary suite features private deck access and a spa-like ensuite bath with soaking tub, steam shower, dual vanities, and a generous walk-in closet. Another bedroom offers a private ensuite bathroom and custom closet. Two additional bedrooms each have spacious closets and share a large hall bathroom with a roomy walk-in shower. A charming powder bath adds convenience and style — perfect for guests and entertaining. The attached garage includes a functional mudroom and laundry area, while the backyard invites you to relax or entertain with a large Trex deck, cozy fire pit, and ambient string lights that create a warm, inviting atmosphere. Ideally located in the heart of East Dallas, this home is walkable to the Dallas Arboretum, White Rock Lake, and just minutes from Casa Linda Plaza — offering the perfect blend of lifestyle, convenience, and community.

Investor Tools

Property Icon
$818,000
Estimated Property Value
$740,509Estimated Mortgage Balance
$77,491Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,094 /month
Positive
Cash Flow Estimate:
$1,698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,268/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,130
$690,000
2025
$350,000
$340,000
$690,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,130
$690,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Conventional
$751,500
No
First
Jul 10, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$740,509
$77,491
9%
91%
$4,506/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
$4,506/mo
$-1,796/mo
4.0%

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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8814 Groveland Dr | Property Details | No Agent List