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$762,000

9230 Springwater Dr, Dallas, TX, 75228

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,996 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$272.03 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Electric Oven, Gas Cooktop, Vented Exhaust Fan, Washer
FlooringCarpet

Exterior

Exterior FeaturesRain Gutters, Storage, Garden
Lot Size17,943 sqft

Building Information

Year Built1964
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000707401000000
Lot Number25
SubdivisionLindenwood Park 2nd Inst
Land UseResidential
Legal DescriptionLINDENWOOD PARK 2ND INST BLK R/7295 LT 25 VOL99038/2929 DD021899 CO-DALLAS 7295 00R 02500 3007295 00R
Census Tract012209
Assessed Land Value$156,250
Assessed Improvement Value$564,920
Assessment Year2025

About this property

Nestled in the tranquil Casa Linda Forest neighborhood on a sprawling 17,943 sq ft wooded lot, this stunning 2,996 sq ft residence offers an ideal blend of classic charm and modern luxury. Built in 1964 and recently renovated, this story-and-a-half home features four bedrooms, including two master suites with En Suite bathrooms. Enjoy the dramatic pass-through gas fireplace, gourmet kitchen with Bosch range and granite countertops, and an enclosed air-conditioned garage (620 sq ft) converted into a versatile game-party room. The expansive backyard showcases two patios and a deck, with Ash Creek flowing along the rear property line – perfect for a future pool installation. Located on a quiet cul-de-sac just minutes from White Rock Lake and the Arboretum, this residence combines sereliving with convenient access to amenities in one of the city's most desirable areas.

Investor Tools

Property Icon
$762,000
Estimated Property Value
$827,000Estimated Mortgage Balance
$0Estimated Equity
-9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,890 /month
Positive
Cash Flow Estimate:
$1,630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,274/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,477
$721,170
2025
$156,250
$564,920
$721,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,477
$721,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Credit Line (Revolving) / Heloc
$350,000
No
First
Jan 29, 2024
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,153,802
N/A
0%
151%
$7,058/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$7,058/mo
$-4,486/mo
4.1%

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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9230 Springwater Dr | Property Details | No Agent List