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$717,000

NAL Estimated Property Value

8831 Lanarkshire Dr, Dallas, TX, 75238

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,028 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$352.56 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market 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, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Private Yard
Lot Size8,327 sqft

Building Information

Year Built1955
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00000717085000000
Lot Number15
SubdivisionLake Highlands
Land UseResidential
Legal DescriptionLAKE HIGHLANDS ESTATES NO 10 BLK E/7316 LT 15 INT202000226893 DD07162020 CO-DC 7316 00E 01500 3DA7316 00E
Census Tract013005
Assessed Land Value$350,000
Assessed Improvement Value$254,900
Assessment Year2025

About this property

BACK ON MARKET AT NO FAULT TO THE SELLER OR PROPERTY. Welcome to this fully updated gem nestled in the heart of Lake Highlands' coveted L Streets! This charming property has been thoughtfully updated and meticulously maintained—super clean, beautifully organized, and completely move-in ready. Featuring an open floor plan with beautiful upgrades throughout, the home boasts gorgeous hardwood floors, plantation shutters, and sleek, modern finishes. From the moment you walk in, you'll notice the exceptional care and attention that has gone into every detail of this home. The inviting entryway opens to a formal dining room that flows seamlessly into a fully remodeled kitchen (2024), showcasing contemporary cabinetry, modern fixtures, updated appliances, and a fresh, functional layout. The kitchen connects effortlessly to the spacious living room that features vaulted ceilings and is bathed in natural light from all of the windows. All bathrooms have been thoughtfully renovated with updated tile, flooring, and modern vanities. The secondary bathroom offers a dual-sink vanity and shower-tub combo, while the primary suite features an ensuite bath with a standalone shower. One of the four bedrooms features elegant French doors and currently serves as a study, offering flexible use as a home office or guest room. Step outside to a beautifully landscaped backyard oasis, complete with a stone walkway, fire pit, and outdoor storage shed. Additional features include a one-car garage with an adjacent carport—offering the potential to easily convert into a two-car garage. Major system updates include a new HVAC system, ductwork, and electrical panel (2024), along with a newer hot water heater. Zoned for the highly rated Lake Highlands Elementary and located just minutes from White Rock Lake and the Dallas Arboretum, this home is one you don't want to miss!

Investor Tools

Property Icon
$717,000
Estimated Property Value
$514,858Estimated Mortgage Balance
$202,142Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,302 /month
Positive
Cash Flow Estimate:
$1,434 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,017/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,618
$604,900
2025
$350,000
$254,900
$604,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,618
$604,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$522,500
No
First
Jul 21, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$514,858
$202,142
28%
72%
$3,133/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$3,133/mo
$-1,161/mo
3.3%

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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8831 Lanarkshire Dr | Property Details | No Agent List